April 2019 Calendar USA

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3 69190 Walldorf E-Mail: [email protected] * Website: https://true-research.de/ Legal notice / Disclaimer of BlackX GmbH These legal notices apply to the publication April 2019 Calendar USA and activity of BlackX GmbH. They are to be read before reading the publications and are applicable. 1. General information The domain “True-Research.de” is a trademark of BlackX GmbH, Schwetzinger Str. 3, 69190 Walldorf. BlackX GmbH can also make publications under other brands.

April 2019 Calendar USA

BlackX GmbH operates as a provider of investment strategy recommendations within the meaning of Article 3 (1) (34) of Regulation (EU) No 596/2014 or of investment recommendations within the meaning of point (35) of Article 3 (1) of Regulation (EU) No 596/2014 , (previously “Financial Analysis”) of the Federal Financial Supervisory Authority (“BaFin”) according to § 34c WpHG. The obligations of BlackX GmbH are governed primarily by §§ 34b, 34c WpHG, Regulation (EU) No 596/2014 and Delegated Regulation (EU) 2016/958.

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Remuneration and reference to potential and existing conflicts of interest: BlackX GmbH receives remuneration for the preparation, distribution and publication of its publications as well as for other services. Such compensation may be made by the companies through which BlackX GmbH publishes information, through third parties affiliated with such companies or other third parties who have an interest in the companies discussed.

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As a result, there is a conflict of interest BlackX GmbH. This can first be justified by the fact that BlackX GmbH could carry out its remarks in the interest of its client. The clients or related persons or companies may hold shares of the company discussed at the time of this commission and may therefore be interested in a price and / or sales increase. But you may also be interested in the fact that the price of the discussed company falls if they want to buy their shares cheaper. In any case, discussing the company can significantly impact the company’s share price.

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In particular, securities transactions also significantly influence the share price of the companies discussed. This is especially true when it comes to companies whose shares do not have a broad market capitalization and where there is only a narrow market. Even small order volumes can have a significant impact on prices. BlackX GmbH, its employees or associates as well as persons or companies involved in the preparation of the publications can at the time of publication directly or indirectly shares in the company which is reported in the context of the Internet offers.

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This is the case regularly. This also justifies a conflict of interests. Such shareholdings may be increased or sold, in particular benefiting from increased trading liquidity. An increase in the price of the shares of the companies presented can become ei lead to an increase in the capital of these persons. Information on possible conflicts of interest pursuant to Section 85 (1) WpHG and Article 20 Regulation (EU) No 596/2014 and Delegated Regulation (EU) 2016/958:

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In accordance with Section 85 of the German Securities Trading Act and the Financial Analysis Ordinance, u. a. the obligation to point out in a financial analysis possible conflicts of interest in relation to the April 2019 Calendar USA analyzed company. In particular, a conflict of interest is presumed when the investing company holds a stake of more than 5% in the capital stock of the analyzed company, * has been a member of a consortium that has acquired the securities of the analyzed company.

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