Articles are provided for informational purposes only, may not be current and MIAC has no obligation to provide any updates or changes. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained herein. This is not an offer to purchase securities.

The material and analysis provided by or through MIAC is not a recommendation that must be followed or an offer, or solicitation of an offer to buy or sell any financial product; MIAC does not recommend that you enter into a particular transaction or represent that any product or service described here is suitable for you or your company. Nor is any information displayed here promoting any particular trading strategy in any jurisdiction where such an offer or solicitation, or trading strategy may be prohibited. As all prudent investors know, some transactions, including but without limitation, those involving high-yield securities, give rise to substantial risk and any investment decision you may make is your own. You should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or complete discussion of the risks mentioned.

The information presented here is accurate to the best of our knowledge and is based on information that has been provided to us. All opinions and conclusions in this report reflect MIAC’s judgment as of this date and are subject to change. All analyses are based on certain assumptions noted herein and different assumptions could yield substantially different results. You are cautioned that there is no universally accepted method for analyzing financial instruments. You should review the assumptions; there may be differences between these assumptions and your actual business practices. Further, we do not guarantee any results and there is no guarantee as to the liquidity of the instruments involved in our analysis. The decision to adopt any strategy remains your responsibility.

Past performance is not necessarily indicative of future results and there can be no assurance that similar results will be achieved. MIAC does not make any representation or warranty, express or implied, regarding future performance. Targeted results are subjective and should not be construed as providing any assurance to the results that may be realized by MIAC in the future.

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