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Paul Farrugia and First Macro Capital are not registered broker-dealers or financial advisors. Never, ever, make an investment based solely on what you read in an online newsletter, including this newsletter, especially if the investment involves a small, thinly-traded company that is not well known. Paul Farrugia and First Macro Capital’s past performance is not indicative of future results. It should not be used as a reason to purchase any stocks mentioned in any First Macro Capital newsletter or on the First Macro Capital website. Paul Farrugia and/or Members of First Macro Capital are long, own shares and plan to buy shares in the companies listed in this marketing letter. Neither Paul Farrugia nor First Macro Capital has received any compensation or commission to feature any company mentioned in this marketing material.

The information contained in such publications is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. Paul Farrugia nor First Macro Capital know your financial situation or tolerance for risk. Opinions expressed in such publications are those of the publisher and are subject to change without notice. The information in such publications may become outdated and there is no obligation to update any such information. Paul Farrugia and First Macro Capital shall not be liable for any damages, losses, or costs of any kind or type arising out of or in any way connected with the use of this newsletter. You should independently investigate and fully understand all risks before investing. When investing in speculative stocks, it is possible to lose your entire investment.

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