Coegil Observations is prepared by and is the property of Coegil Holdings, Inc. (“Coegil”) and is circulated for informational and educational purposes only. There is no consideration given to the specific needs, objectives, or tolerances of any of the recipients. Additionally, Coegil’s actual positions, in any form, may, and often will, vary from its conclusions discussed herein based on any number of factors relevant to Coegil. Recipients should consult their own advisors before making any decisions based on this report. This report is not an offer to sell or the solicitation of an offer to buy the goods, services, securities, or other investment instruments mentioned.
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