Information and opinions contained herein have been derived from sources believed to be reliable, but is not guaranteed as to its accuracy and does not purport to be a complete analysis of any security, company or industry discussed or reviewed herein. This report is not to be construed as an offer to sell or a solicitation of an offer to buy any security. Oak Tree Asset Management Ltd. and/or its officers and employees may have positions in securities, options, rights or warrants discussed herein. The firm and/or associated persons may buy or sell any stock or stock related position at its discretion. Investors may be prohibited in some states from purchasing certain over-the-counter securities mentioned herein. Opinions expressed here are subject to change. The information herein is intended for persons residing in the United States. Different rules and regulations may be in effect for other jurisdictions. Oak Tree Asset Management Ltd. are not registered broker-dealers nor are they in the business of making markets in listed or over-the-counter stocks. This report or written correspondence is for informational purposes only, and is not intended as a recommendation to buy or sell any named security or stock.