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Legal Disclaimer

This investment blog (the “Blog”) is created and authored by Howard A. Lindzon (the “Content Creator”) and is published and provided for informational and entertainment purposes only.

No Investment Advice

The information in the Blog constitutes the Content Creator’s own opinions. None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You understand that the Content Creator is not advising, and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter, and is not advising, and will not advise, you on legal, financial, accounting, tax or any other kind of regulated advice.

To the extent any of the information contained in the Blog may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

AFFILIATE DISCLOSURE

Social Leverage Advisors, LLC is a registered investment adviser providing discretionary investment advisory services to Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII"), Social Leverage Associates Fund III, LP ("SLCAIII"), Social Leverage Capital Fund IV, LP ("SLCIV"), Social Leverage Access Fund I, LP (“SLAF”), SL GV I, LP (“SLGV”), SL TA I, LP (“SLTA”), SL MSC III, LP (“SLMSC”), SL LC I, LP (“SLLC”).

Potential Conflicts

From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog and may trade for their own account(s) based on the information presented. The Content Creator may also take positions inconsistent with the views expressed in its messages on the Blog.

The contents of this Blog are not representative of the companies or entities in which the Content Creator invests, advises or manages.

Miscellaneous

Investing in the investments discussed in the Blog may be risky and speculative. The companies may have limited operating histories, little available public information, and the stocks they issue may be volatile and illiquid. Trading in such securities can result in immediate and substantial losses of the capital invested. If you invest, you should use risk capital, and not capital required for other purposes, such as retirement savings, student loans, mortgages or education.

From time to time, readers of the Blog may comment on Blog posts or may leave comments with regard to the Content Creator. The Content Creator does not approve or endorse any third-party comments or communications posted on this Blog.

The Content Creator holds license(s) with states securities authorities, and may hold license(s) with other regulators. These licenses may or may not be disclosed by the Content Creator in the Blog.

Limitation on Liability of Content Creator

The Content Creator assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, the Blog. The Content Creator is not responsible for any technical malfunction or other problems of any telephone network or service, computer systems, servers or providers, computer equipment, mobile phone equipment or tablet computer equipment, or software occurring for any reason, including but not limited to, technical problems or traffic congestion on the Internet, on the Blog or any other site. The Content Creator is not responsible for any injury or damage to any person’s computer equipment, mobile phone equipment, table computer equipment, or other hardware or software, related to or resulting from using or downloading Content Creators’ content in connection with the Blog. Under no circumstances will the Content Creator be responsible for any loss or damage, including any personal injury or death, resulting from anyone’s use of the Blog, or any interactions between the Content Creator and readers of the Blog, whether online or offline.

The Blog may provide information from or links to certain other investment blogs or websites for your convenience only. The Content Creator does not endorse or recommend the services of any investment blog, or investment professional or company, including, but not limited to, brokerage companies, if any. Any investment blog, investment professional or company you select (and not the Content Creator) is solely responsible for its services to you. THE CONTENT CREATOR, HIS AFFILIATES, AND HIS PARTNERS SHALL NOT BE LIABLE FOR ANY DAMAGES OR COSTS OF ANY TYPE ARISING OUT OF OR IN ANY WAY CONNECTED WITH YOUR USE OF THE SERVICES OF ANY INVESTMENT BLOG, INVESTMENT PROFESSIONAL OR COMPANY.

THE BLOG AND ITS CONTENT ARE PROVIDED “AS-IS” AND THE CONTENT CREATOR, HIS PARTNERS AND HIS AFFILIATES, DISCLAIM ANY AND ALL REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING IMPLIED WARRANTIES OF TITLE AND MERCHANTABILITY, IF APPLICABLE, AND FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. THE CONTENT CREATOR CANNOT GUARANTEE AND DOES NOT PROMISE ANY SPECIFIC RESULTS FROM USE OF THE BLOG. THE CONTENT CREATOR DOES NOT REPRESENT OR WARRANT THAT SOFTWARE, CONTENT OR MATERIALS ON THE BLOG OR ELSEWHERE ARE ACCURATE, COMPLETE, RELIABLE, CURRENT OR ERROR-FREE OR THAT THE BLOG OR ANY OF THE SERVERS USED TO OPERATE THE BLOG ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. THEREFORE, YOU SHOULD EXERCISE CAUTION IN THE USE AND DOWNLOADING OF ANY CONTENT OR MATERIALS AND USE INDUSTRY-RECOGNIZED SOFTWARE TO DETECT AND DISINFECT VIRUSES. WITHOUT LIMITING THE FOREGOING, YOU UNDERSTAND AND AGREE THAT YOU DOWNLOAD OR OTHERWISE OBTAIN CONTENT, DATA OR OTHER MATERIAL FROM OR THROUGH THE SERVICE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR YOUR USE THEREOF AND ANY DAMAGES TO YOUR COMPUTER EQUIPMENT, MOBILE DEVICE EQUIPMENT, TABLET COMPUTER SYSTEM, LOSS OF DATA OR OTHER HARM OF ANY KIND THAT MAY RESULT.

The Content Creator reserves the right to change any and all Blog content, software and other items used or contained in the Blog at any time without notice. Reference to any products, services, processes or other information, by trade name, trademark, manufacturer, supplier or otherwise does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator.

IN NO EVENT WILL THE CONTENT CREATOR, HIS AFFILIATES, PARTNERS, EMPLOYEES OR AGENTS BE LIABLE TO YOU OR ANY THIRD PERSON FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES, INCLUDING FOR ANY LOST PROFITS OR LOST DATA ARISING FROM YOUR USE OF THE BLOG, OR ANY OF THE CONTENT OR OTHER MATERIALS ON, ACCESSED THROUGH OR DOWNLOADED FROM THE BLOG, EVEN IF THE CONTENT CREATOR OR HIS AFFILIATES, PARTNERS, EMPLOYEES OR AGENTS IS AWARE OR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE LIABILITY OF THE CONTENT CREATOR AND ITS AFFILIATES, PARTNERS, EMPLOYEES AND AGENTS TO YOU FOR ANY CAUSE WHATSOEVER, AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO THE CONTENT CREATOR FOR THE BLOG IN THE IMMEDIATELY PRECEDING TWELVE MONTHS, BUT IN NO CASE WILL SUCH LIABILITY TO YOU EXCEED $1000. YOU ACKNOWLEDGE THAT IF NO FEES ARE PAID TO THE CONTENT CREATOR FOR THE BLOG, YOU SHALL BE LIMITED TO INJUNCTIVE RELIEF ONLY, UNLESS OTHERWISE PERMITTED BY LAW, AND SHALL NOT BE ENTITLED TO DAMAGES OF ANY KIND FROM THE CONTENT CREATOR, REGARDLESS OF THE CAUSE OF ACTION.

CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.