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All persons using this Site expressly agree to the following disclaimers as a pre-condition to using this Site and/or agreeing to receive communications associated with this Site for any purpose whatsoever. Continued use of this Site signifies your acceptance of, and agreement to be bound by, each and every one of the following terms and conditions.

The information on this Site is for informational purposes only and is not an offering of or a solicitation to buy securities or otherwise make an investment. Securities may only be offered or sold pursuant to registration of the securities or an exemption therefrom using proper offering documents and disclosures. 

Citrinitas Capital Management LLC and its affiliates (“CCM”) may not be licensed to carry on regulated activities in your jurisdiction and, if not licensed, do not hold themselves out as being able to do so. 

Everything communicated by CCM and agents, regardless of whether it is written, spoken, recorded audio, or video, is intended for educational and informational purposes only. All comments are solely the opinion of the presenter. Regardless of whether spoken or written, nothing shall be considered as giving investment, legal or tax advice, or an offer, or solicitation, to buy and/or sell any type of investment products or securities. 

No part of these reports, articles and posts may be used or reproduced in any manner by any person without the express written consent of an authorized officer of CCM.

Prior to making any investment, you should consult with a professional financial advisor, legal and tax advisor to assist in due diligence as may be appropriate and determining the appropriateness of the risk associated with a particular investment.

All information, including ideas, data, charts, models, opinions and analysis of any kind, in this publication is provided "as is", with no guarantee of completeness, accuracy, timeliness or results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. The sketches, renderings, graphics materials, plans, specifications, terms, conditions, and statements contained in this Site are proposed only, and CCM reserves the right to modify, revise or withdraw any or all of the same in its sole discretion and without prior notice. 

CCM assumes no responsibility for errors, inaccuracies, misinformation or omissions in the contents of this publication. Past performance of any kind is not a guarantee of future results. This publication and all opinions, projections and estimates therein constitute the judgment of the author as of the date of publication and are subject to change without notice. CCM is under no obligation to update this information. You should therefore assume that CCM will not update any fact, circumstance or opinion contained herein. Furthermore, CCM reserves the right to make additions, deletions, or modifications to any publication, chart or model at any time without notice, advance or otherwise.

CCM is aware that the implementation of the ideas expressed in these reports, articles and posts may depend upon an investor's ability to "short" securities or other financial instruments and that such action may be limited by regulations prohibiting or restricting "shortselling" in many jurisdictions. Investors are urged to seek advice regarding the applicability of such regulations prior to executing any short idea contained in these reports, articles and posts.

Foreign currency rates of exchange may adversely affect the value, price or income of any security or financial instrument mentioned herein. Investors in such securities and instruments, including ADRs, effectively assume currency risk.

Any information relating to the tax status of financial instruments discussed herein is not intended to provide tax advice or to be used by anyone to provide tax advice. Investors are urged to seek tax advice based on their particular circumstances from an independent tax professional.

CCM will not be liable to anyone for any decision made or any action taken in reliance on the information provided by this publication or for any consequential, special or similar damages, even if advised of the possibility of such damages. In no event shall CCM be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of any CCM publication, chart, model, data, analysis, idea, opinion or content of any kind.

This information is prepared for the use of CCM clients and may not be redistributed, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of CCM.  All information is distributed through CCM owned websites and other portals, such as Substack. Receipt and review of this information constitutes your agreement not to redistribute, retransmit, or disclose to others the contents, opinions, conclusion, or information contained herein without first obtaining express permission from an authorized officer of CCM.

This information has been prepared independently of any issuer of securities mentioned herein and not in connection with any proposed offering of securities or as agent of any issuer of any securities. To the best of CCM’s knowledge, materials  prepared by CCM personnel are based on public information. 

Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of CCM.

Members, managers and/or employees of CCM may have existing long or short positions in the securities mentioned herein and may purchase or sell such securities without notice in the future. The information herein is not a 

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