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The information on this website (including but not limited to research reports) has been published for informational purposes only, and is not a solicitation or offer of any security or of any investment service. The content of this website is provided solely for your personal use (subject to the limitations described on this website), and the information may not be copied, reproduced, republished, transmitted or distributed in any way, without the express written permission of JMP. Modification or use of the information for any purpose other than your personal use is a violation of the copyrights and other proprietary rights of JMP.

The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject JMP or its subsidiaries to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this website, constitutes a solicitation or offer by JMP or its affiliates to buy or sell any securities, futures, options or other financial instruments. JMP does not intend the information at this website to be investment advice, and the information presented at this website should not be relied upon to make an investment decision.

The research reports appearing on this website are archived reports prepared by JMP Securities LLC on the date(s) specified in the report and may not be current. The information contained therein may no longer be accurate through the passage of time or for other reasons. These reports should not be relied upon in making a determination to buy or sell any security which is discussed in any of these reports. Please contact your broker or the research analyst identified in any such report to determine if more recent information is available.

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The research reports appearing on this website are archived reports prepared by JMP Securities LLC on the date(s) specified in the report and may not be current. The information contained therein may no longer be accurate through the passage of time or for other reasons. These reports should not be relied upon in making a determination to buy or sell any security which is discussed in any of these reports. Please contact your broker or the research analyst identified in any such report to determine if more recent information is available.

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