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You should assume that as of the publication date of any report, Phoenyx Research and persons associated with it hold a position in the covered security, directly or through options and other derivatives, and stand to realize gains if the price of the security moves as anticipated. Following publication we may transact in covered securities at any time, and may be long, short or neutral thereafter regardless of our initial position.
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Our reports are written for sophisticated readers who understand short selling, derivatives and the risks of trading in public securities. If that is not you, do not trade on anything you read here.