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Regulation: Where investment-related information is provided in Merganser e-mails or attachments, such information is not a complete analysis of every material fact concerning any company, industry, or security mentioned. The information is provided "AS IS", has been prepared for general distribution, and is circulated for informational purposes only, without regard to any particular reader's investment objectives, financial situation, or means. Merganser is not soliciting any action based upon its e-mails or attachments. The information should not be construed as a recommendation, an offer to buy or sell, or a solicitation of an offer to buy or sell any security, financial product, or instrument. This information does not constitute a confirmation of any transaction.
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