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By viewing material on this website you agree to the following Terms of Service. Use of Hindenburg Research, LLC’s research is at your own risk. To the best of our ability and belief, all information contained herein is accurate and reliable. However, all information contained herein is provided “as is” and Hindenburg Research, LLC (“Hindenburg”) expressly disclaims making any express or implied warranties with respect to the fitness of the information contained herein for any particular usage, its merchantability or its application or purpose.

Nothing in this Site may be considered as an offer or solicitation to purchase or sell services. We use this site to discuss our opinions and investment ideas, and have no intention of soliciting prospective clients for any products or services. In no event shall Hindenburg be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this data. Prior to making any investment you should consult with professional financial, legal and tax advisors to assist in due diligence as may be appropriate and determining the appropriateness of the risk associated with a particular investment.

 

You should assume that as of the publication date of any report, post or communication referencing any publicly traded security, Hindenburg (possibly along with or through our members, partners, affiliates, employees, clients, investors, industry contacts and/or consultants) may have a position in the stock covered herein, and therefore stands to realize significant gains in the event that the price of stock moves. Following publication of any report or letter, we intend to continue transacting in the securities covered therein, and we may be long, short or neutral at any time thereafter regardless of our initial position or recommendation. If any provision in these Terms of Use is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.

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