TERMS OF SERVICE
TERMS OF SERVICE
1. Disclaimer: By downloading or viewing material on this website, you agree to these Terms of Service. The research provided by J Capital Research USA LLC is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. J Capital Research’s investments are subject to its risk management guidance, which may result in the derisking of some or all of its positions at any time following publication of any report, depending on security-specific, market, or other relevant conditions. J Capital Research USA LLC is not a registered investment advisor.
al Promotion) Order 2005 (the “FPO”); or (b) high net worth entity falling within Article 49 of the FPO.
Use of our research is at your own risk. J Capital Research USA LLC is not your financial advisor and does not owe a fiduciary duty to you. This research is not a recommendation to buy, sell, or take any specific action. You agree to conduct your own research and due diligence before making any investment decisions related to securities covered in our reports. By using this website, you represent that you have sufficient investment sophistication to critically assess the information, analysis, and opinions provided. These Terms of Service may be updated at any time without notice, and users agree to be bound by the latest version. In no event will you hold J Capital Research USA LLC or any affiliated party liable for any direct or indirect trading losses caused by any information on this site.
2. Disclosure: J Capital Research USA LLC is regulated under U.S. law, which may differ from laws in other jurisdictions, including Australia and the United Kingdom. If you are an Australian resident, please do not access our reports. J Capital Research USA LLC may benefit from its own and/or client positions (including options, swaps, and other derivatives) in the securities of companies mentioned in our research and therefore stands to realize significant gains from movements in the prices of these securities. J Capital Research USA, LLC and its clients may continue to transact in the securities of companies mentioned in our reports for an indefinite period after the initial report and may hold positions that are long, short, or neutral at any time hereafter regardless of the initial position(s) and views stated in J Capital Research USA, LLC’s research. Our research and reports express our opinions, which we have based upon generally available information, field research, inferences and deductions through our due diligence and analytical process. To the best of our ability and belief, all information contained herein is accurate and reliable and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the company covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the company. All information provided is based on publicly available sources and is presented "as is," without any warranty regarding its accuracy, completeness, or timeliness. Further, any report on this site contains a very large measure of analysis and opinion. All expressions of opinion are subject to change without notice, and J Capital Research USA LLC does not undertake to update or supplement any reports or any of the information, analysis and opinion contained in them. You agree that this information is copyrighted and you therefore agree not to distribute or reproduce any research materials, other than providing this link: www.jcapitalresearch.com, without prior written consent from J Capital Research USA LLC. If you have obtained the research of J Capital Research USA LLC in any manner other than by downloading from that link, you may not read such research without going to that link and agreeing to the Terms of Service.
3. Jurisdiction and Governing Law: By using this website, you waive any rights to pursue claims under jurisdictions outside of the State of New York. Any disputes will be governed by the laws of the State of New York, with jurisdiction in the State of New York's courts. If you have obtained the research of J Capital Research USA LLC in any manner other than by downloading from our official website, you may not read such research without first agreeing to these Terms of Service on the official site. You agree that any dispute arising from your use of this report, or our website, shall be governed by the laws of the State of New York, without regard to any conflict of law provisions. You knowingly and independently agree to submit to the personal and exclusive jurisdiction of the superior courts located within the State of New York and waive your right to any other jurisdiction or applicable law. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the court should endeavor to give effect to the parties’ intentions, and the other provisions of these Terms of Service shall remain in full force and effect. Any claim or cause of action arising out of or related to the use of this website, or the material herein must be filed within one year after such claim or cause of action arose or be forever barred.
4. Additional Terms: You agree that the use of J Capital Research USA LLC’s research is at your own risk. In no event will you hold J Capital Research USA LLC or any affiliated party liable for any direct or indirect trading losses caused by any information on this site. You further agree to conduct your own research and due diligence before making any investment decision regarding securities covered herein. You represent that you have sufficient investment sophistication to critically assess the information, analysis, and opinion on this site. You agree not to communicate the contents of this report to any other person unless that person has agreed to be bound by these same terms of service. If you download or receive the contents of this report as an agent for any other person, you are binding your principal to these same Terms of Service.
As of the publication date of J Capital Research’s report, J Capital Research, related persons (along with or through its members, partners, affiliates, employees, and/or consultants), J Capital Research clients and J Capital Research investors, and their respective clients and investors have a position in the security (which may include stocks and options, swaps, and other derivatives related to these securities) and therefore, in the case of a decline in the security’s price or, when J Capital Research publishes a long report, an increase in that price, will realize significant gains. After the publication of the J Capital Research report, J Capital Research and J Capital Research related persons may be long, short, or neutral at any time thereafter regardless of J Capital Research’s initial position or views as expressed in the J Capital Research report. J Capital Research and J Capital Research related persons are likely to immediately transact in the security by increasing and/or decreasing positions and/or risk exposure and may continue to trade in the security for an undefined period of time thereafter, and such position(s) may be long, short, or neutral at any time thereafter regardless of their initial position(s) and views as stated in the J Capital Research report. J Capital Research and J Capital Research related persons trade the security in conjunction with their risk tolerance and management practices, and such trades may result in derisking some or all of their positions in the security at any time following publication of any report, depending on security-specific, market, portfolio, or other relevant conditions. J Capital Research will not update its report to reflect changes in its position in the security.
J Capital Research’s report discusses estimated fair values of the security utilizing various valuation methods. Fair values are not price targets, and neither J Capital Research nor J Capital Research related persons commit to hold securities until such time as the estimated fair values are reached. J Capital Research may change its estimates of fair values at any time hereafter without updating its report or otherwise disclosing updated fair values.
J Capital Research and J Capital Research related persons will transact in the security for various reasons, none of which may relate to J Capital Research’s estimates of the securities’ fair values.
A J Capital Research “related person” is defined as J Capital Research and its affiliates and related parties, including, but not limited to, any principals, officers, directors, employees, members, clients, investors, consultants, and agents. One or more J Capital Research related persons have provided J Capital Research with publicly available information that J Capital Research has included in this report following J Capital Research’s independent due diligence.
1. Disclaimer: By downloading or viewing material on this website, you agree to these Terms of Service. The research provided by J Capital Research USA LLC is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. J Capital Research’s investments are subject to its risk management guidance, which may result in the derisking of some or all of its positions at any time following publication of any report, depending on security-specific, market, or other relevant conditions. J Capital Research USA LLC is not a registered investment advisor.
al Promotion) Order 2005 (the “FPO”); or (b) high net worth entity falling within Article 49 of the FPO.
Use of our research is at your own risk. J Capital Research USA LLC is not your financial advisor and does not owe a fiduciary duty to you. This research is not a recommendation to buy, sell, or take any specific action. You agree to conduct your own research and due diligence before making any investment decisions related to securities covered in our reports. By using this website, you represent that you have sufficient investment sophistication to critically assess the information, analysis, and opinions provided. These Terms of Service may be updated at any time without notice, and users agree to be bound by the latest version. In no event will you hold J Capital Research USA LLC or any affiliated party liable for any direct or indirect trading losses caused by any information on this site.
2. Disclosure: J Capital Research USA LLC is regulated under U.S. law, which may differ from laws in other jurisdictions, including Australia and the United Kingdom. If you are an Australian resident, please do not access our reports. J Capital Research USA LLC may benefit from its own and/or client positions (including options, swaps, and other derivatives) in the securities of companies mentioned in our research and therefore stands to realize significant gains from movements in the prices of these securities. J Capital Research USA, LLC and its clients may continue to transact in the securities of companies mentioned in our reports for an indefinite period after the initial report and may hold positions that are long, short, or neutral at any time hereafter regardless of the initial position(s) and views stated in J Capital Research USA, LLC’s research. Our research and reports express our opinions, which we have based upon generally available information, field research, inferences and deductions through our due diligence and analytical process. To the best of our ability and belief, all information contained herein is accurate and reliable and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the company covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the company. All information provided is based on publicly available sources and is presented "as is," without any warranty regarding its accuracy, completeness, or timeliness. Further, any report on this site contains a very large measure of analysis and opinion. All expressions of opinion are subject to change without notice, and J Capital Research USA LLC does not undertake to update or supplement any reports or any of the information, analysis and opinion contained in them. You agree that this information is copyrighted and you therefore agree not to distribute or reproduce any research materials, other than providing this link: www.jcapitalresearch.com, without prior written consent from J Capital Research USA LLC. If you have obtained the research of J Capital Research USA LLC in any manner other than by downloading from that link, you may not read such research without going to that link and agreeing to the Terms of Service.
3. Jurisdiction and Governing Law: By using this website, you waive any rights to pursue claims under jurisdictions outside of the State of New York. Any disputes will be governed by the laws of the State of New York, with jurisdiction in the State of New York's courts. If you have obtained the research of J Capital Research USA LLC in any manner other than by downloading from our official website, you may not read such research without first agreeing to these Terms of Service on the official site. You agree that any dispute arising from your use of this report, or our website, shall be governed by the laws of the State of New York, without regard to any conflict of law provisions. You knowingly and independently agree to submit to the personal and exclusive jurisdiction of the superior courts located within the State of New York and waive your right to any other jurisdiction or applicable law. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the court should endeavor to give effect to the parties’ intentions, and the other provisions of these Terms of Service shall remain in full force and effect. Any claim or cause of action arising out of or related to the use of this website, or the material herein must be filed within one year after such claim or cause of action arose or be forever barred.
4. Additional Terms: You agree that the use of J Capital Research USA LLC’s research is at your own risk. In no event will you hold J Capital Research USA LLC or any affiliated party liable for any direct or indirect trading losses caused by any information on this site. You further agree to conduct your own research and due diligence before making any investment decision regarding securities covered herein. You represent that you have sufficient investment sophistication to critically assess the information, analysis, and opinion on this site. You agree not to communicate the contents of this report to any other person unless that person has agreed to be bound by these same terms of service. If you download or receive the contents of this report as an agent for any other person, you are binding your principal to these same Terms of Service.
As of the publication date of J Capital Research’s report, J Capital Research, related persons (along with or through its members, partners, affiliates, employees, and/or consultants), J Capital Research clients and J Capital Research investors, and their respective clients and investors have a position in the security (which may include stocks and options, swaps, and other derivatives related to these securities) and therefore, in the case of a decline in the security’s price or, when J Capital Research publishes a long report, an increase in that price, will realize significant gains. After the publication of the J Capital Research report, J Capital Research and J Capital Research related persons may be long, short, or neutral at any time thereafter regardless of J Capital Research’s initial position or views as expressed in the J Capital Research report. J Capital Research and J Capital Research related persons are likely to immediately transact in the security by increasing and/or decreasing positions and/or risk exposure and may continue to trade in the security for an undefined period of time thereafter, and such position(s) may be long, short, or neutral at any time thereafter regardless of their initial position(s) and views as stated in the J Capital Research report. J Capital Research and J Capital Research related persons trade the security in conjunction with their risk tolerance and management practices, and such trades may result in derisking some or all of their positions in the security at any time following publication of any report, depending on security-specific, market, portfolio, or other relevant conditions. J Capital Research will not update its report to reflect changes in its position in the security.
J Capital Research’s report discusses estimated fair values of the security utilizing various valuation methods. Fair values are not price targets, and neither J Capital Research nor J Capital Research related persons commit to hold securities until such time as the estimated fair values are reached. J Capital Research may change its estimates of fair values at any time hereafter without updating its report or otherwise disclosing updated fair values.
J Capital Research and J Capital Research related persons will transact in the security for various reasons, none of which may relate to J Capital Research’s estimates of the securities’ fair values.
A J Capital Research “related person” is defined as J Capital Research and its affiliates and related parties, including, but not limited to, any principals, officers, directors, employees, members, clients, investors, consultants, and agents. One or more J Capital Research related persons have provided J Capital Research with publicly available information that J Capital Research has included in this report following J Capital Research’s independent due diligence.