1. Past performance is not indicative of future results. There can be no assurance that any activities will achieve results comparable to what is discussed herein or avoid losses.
  2. Certain portions of this material may include information regarding the performance of various industries, companies, or the economy in general.  Such information is taken from various sources, and while believed to be reliable, is not necessarily independently verified, and accordingly, such information should not be relied upon in making any investment decisions. While this material has been prepared in good faith, it does not constitute a representation, warranty or undertaking, express or implied, with respect to the information or opinions contained in it and no responsibility or liability is accepted as to the accuracy, completeness or reasonableness of such information or opinions or any other written or oral information made available to any party or its advisers.  Without prejudice to the foregoing, we do not accept any liability whatsoever for any loss howsoever arising, directly or indirectly, from use of this material or its contents or otherwise arising in connection therewith. The information set out herein and in any related materials is subject to updating, completion, revision, verification and amendment, and such information may change materially. We are under no obligation to provide any additional information or to update this material or to correct any inaccuracies in it which may become apparent.