Terms of Use
The terms of use set forth herein apply to all of the information on this website. By downloading from, viewing material on, or using this website, you agree to the following Terms of Use without limitation or qualification.
Audaci Capital Limited, its subsidiaries, and affiliates (collectively referred to herein as "Audaci") may at any time revise these conditions by updating these Terms of Use. You are bound by any such revisions with respect to the use of this website and with respect to information downloaded from or viewed on this website.
The information and material on this website have been prepared by Audaci and are for informational purposes only. Under no circumstances should any of the material or any information herein be construed as investment advice, or as an offer to sell or the solicitation of an offer to buy any securities or other financial instruments or for the provision of any investment management or advisory services in any jurisdiction.
The information and material contained on this website are published by and the property of Audaci, and this website is owned by Audaci. All rights to the website and to the information contained herein remain with Audaci or its licensors. The website is for your personal and non-commercial use. You may not modify, copy, distribute, reproduce, create derivative works from, transmit, transfer, display, publish, license, or sell any information, products, or services obtained from the website without Audaci's prior express written consent. The opinions, commentary, information, material, research, and reports set forth herein are solely attributable to Audaci and are not attributable to any Audaci Related Person (defined below) other than Audaci.
You agree that use of the information on this website is at your own risk. You (or any person you are acting as agent for) agree to hold harmless Audaci, and its affiliates and related parties, including but not limited to any principals, officers, directors, employees, members, clients, investors, consultants, and agents (collectively, the "Audaci Related Persons") for any direct or indirect losses (including trading losses) attributable to any information on this website or in a report. You further agree to do your own research and due diligence before making any investment decision with respect to securities of any issuers covered herein (each, a "Covered Issuer") or any other financial instruments that reference the Covered Issuer or any securities issued by the Covered Issuer. You represent that you have sufficient investment sophistication to critically assess the information, analysis, and opinion on this website. You further agree that you will not communicate the contents of reports and other materials on this website to any other person unless that person has agreed to be bound by these Terms of Use. If you access this website, download or receive the contents of reports or other materials on this website on your own behalf, you agree to and shall be bound by these Terms of Use. If you access this website, download or receive the contents of reports or other materials on this website as an agent for any other person, you are binding your principal to these same Terms of Use.
You should assume that, as of the publication date of Audaci's commentary, reports, and research, Audaci Related Persons (possibly along with or through its members, partners, affiliates, employees, investment products, and/or consultants), Audaci Related Persons' clients and/or investors and/or their clients and/or investors have a position (long or short) in one or more of the securities of a Covered Issuer (and/or options, swaps, and other derivatives related to one or more of these securities), and therefore stand to realize gains in the event that the prices of either equity or debt securities of a Covered Issuer appreciate or decline. Audaci and/or Audaci Related Persons intend to continue transacting in the securities of Covered Issuers for an indefinite period after initial commentary or after an initial report on a Covered Issuer, and such person may be long, short, or neutral at any time hereafter regardless of their initial position and views as stated in the information published by Audaci. Audaci will not update any report or information on its website to reflect changes in positions that may be held by an Audaci Related Person.
This is not an offer to sell or a solicitation of an offer to buy any security or other financial instruments. Neither Audaci nor any Audaci Related Person are offering, selling or buying any security or other financial instruments, including any investment products managed by Audaci, to or from any person through this website or information on this website. Any such offer or solicitation will be made only by means of an offering memorandum relating to the particular investment product. This website and the information contained herein do not constitute and should not be construed as investment advice, or for the provision of any investment management or advisory services in any jurisdiction. Any such investment management or advisory services will be provided through an investment management agreement as Audaci does not render investment advice to anyone unless it has an investment adviser-client relationship with that person evidenced in writing. You understand and agree that Audaci does not have any investment advisory relationship with you or does not owe fiduciary duties to you. Giving investment advice requires knowledge of your financial situation, investment objectives, and risk tolerance, and Audaci has no such knowledge about you. This website and the information contained herein do not constitute legal, tax, or accounting advice or advice regarding the suitability or profitability of any transaction or investment.
Audaci's commentary, research, and reports express its opinions, which Audaci has based upon generally available information, field research, inferences and deductions through Audaci's due diligence and analytical process. To the best of its ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources that Audaci believes to be accurate and reliable, and who are not insiders or connected persons of the Covered Issuers or who may otherwise owe a fiduciary duty, duty of confidentiality or any other duty to the Covered Issuer (directly or indirectly). However, such information is presented "as is", without warranty of any kind, whether express or implied. Audaci makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. Audaci does not guarantee in any way that it is providing all of the information that may be available and recommends that you do your own due diligence before buying or selling any security or financial instrument. Further, any information on this website may contain or may have been derived from a large measure of analysis and opinion. All expressions of opinion are subject to change without notice, and Audaci does not undertake to update or supplement any commentary or reports or any of the information, analysis, and opinion contained in them.
In no event shall Audaci or any Audaci Related Persons be liable for any claims, losses, costs, or damages of any kind, or for repairs or corrections that must be performed to or on your computer, person, or other property, including, without limitation, direct, indirect, punitive, exemplary, incidental, special, or consequential damages, losses, or expenses arising out of or in any way connected with this website, any information on this website, or use of this website or the inability by any party to use the website, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Audaci or any Audaci Related Persons are advised of the possibility of such damages, losses, or expenses. This limitation of liability applies regardless of any negligence or gross negligence of Audaci or any Audaci Related Persons. You accept all risks in relying on the information on this website or use of this website.
This website may contain links to other websites. Audaci does not review or monitor any websites linked from or to its website and will not be responsible for the content of any such linked website. Should you decide to access the linked website, you do so at your own risk. Audaci is not responsible for the information, materials, or services obtained on or from such other websites and will not be liable in any respect for any damages arising from your access of such websites. Audaci encourages you to read the privacy policies of such websites you link to from this website and disclaims any responsibility for the privacy policies and procedures of any third party websites that you reach via a hyperlink contained on this website. Any such links are provided solely for the convenience of the users of this website and the inclusion of the links does not imply any endorsement, representation, or warranty by Audaci with respect to any such website or the content or services contained through such websites. You agree not to link any websites to this website without Audaci's prior express written consent.