Issues Facing Your Prospective Shareholders

• Rules instituted in the EU 1/18 (MIFID II) require buy-side firms to pay in advance for access to sell-side research - no more "free" research and it's illegal to email a research report to buy-side institutions (considered and inducement to trade)

• To ensure compliance, sell-side research is now delivered to the buy-side through third party platforms like Bloomberg, FactSet, S&P Cap IQ or Thomson Reuters,  Access to sell-side research is limited to paying clients.  Non-paying clients can only see headlines and the entitlement lock

• The platforms all handle it differently, but the default is the same everywhere - no reports for non-paying clients

• Our reports are free and accessible on all platforms