Web Disclosure

Web Disclosure

Web Disclosure

Presentations, sales ideas, marketing materials, etc. – This material is for information purposes only.  It is neither an offer to sell securities, commodities or other instruments nor a solicitation of an offer to buy securities, commodities or other instruments. This document does not constitute or imply any offer or commitment whatsoever on the part of AdCap Securities, LLC. or its affiliates.

AdCap Securities, LLC. is acting solely in the capacity of an arm’s length contractual counterparty and not in the capacity of your financial adviser or fiduciary.  All information terms and pricing set forth herein is indicative and subject to change without notice.  Any opinions expressed herein reflect our judgment at the date and time hereof and are subject to change without notice.  The information contained in this document has been internally developed or taken from trade and statistical services and other sources which we deem reliable although no warranty is made that such information is accurate or complete and it should not be relied upon as such.

AdCap Securities, LLC. and/or its affiliates may have long or short positions in or make markets in or otherwise buy or sell the instruments or economically equivalent instruments discussed herein and may have acted as a manager of co-manager of a public offering of any such instrument.

Transactions of the type described herein may involve a high degree of risk, and the value of such instruments may be highly volatile.  Such risk may include without limitation risk of adverse or unanticipated market developments, risk of counterparty of issuer default and risk of illiquidity.  In certain transactions counterparties may lose their entire investment or incur an unlimited loss.  This brief statement does not disclose all the risks and other significant aspects in connection with transactions of the type described herein, and counterparties should ensure that they fully understand the terms of the transaction, including the relevant risk factors and any legal, tax and accounting considerations applicable to them, prior to transacting.

This material may not be reproduced, distributed or transmitted to any other person or incorporated in any way into another document or other material without the prior written consent of AdCap Securities, LLC. additional information is available upon request. AdCap Securities, LLC. is registered in Miami, FL.