Legal Disclosures

All of the views expressed in this website accurately reflect the authors' personal views regarding any and all of the subject securities or issuers as of the date of the initial publication of the newsletter, but the authors do not have any obligation to update those views.

Although the authors currently believe that the information and data presented in this website and otherwise relied upon by the authors is accurate, they have not independently confirmed the accuracy of such information and data. All data and analysis contained herein are provided "as is" and without warranty of any kind, either expressed or implied. None of the authors or any of their affiliates or employees, or any third party data provider, shall have any liability for any loss sustained by anyone who has relied on the information contained in this website. All opinions expressed herein are subject to change without notice, and you should always obtain current information and perform due diligence before investing.

No Investment Advice

This website is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This website is for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. It does not constitute a general or personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual investors. The price and value of securities referred to in this newsletter will fluctuate. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of all of the original capital invested in a security discussed in this website may occur. The securities mentioned in this website may not be eligible for sale in some states or countries, nor be suitable for all types of investors; their value and income they produce may fluctuate and/or be adversely affected by exchange rates, interest rates or other factors.

Related Persons

Maximum Pessimism Report LLC's officers, directors, employees and/or principals (collectively "Related Persons") may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this website.

Lauren Templeton, Managing Member of Maximum Pessimism Report LLC, is also the Managing Member of Lauren Templeton Capital Management, LLC (LTCM), a registered investment adviser. Scott Phillips is a portfolio manager at LTCM. The authors, accounts that they or their affiliated companies manage, or their respective shareholders, directors, officers and/or employees, may have long or short positions in the securities discussed herein and may purchase, sell or sell short such securities without notice.