:HOFRPLQJ/LQGVD\

$XWKRU0DUN0F/DLQ
'DWHFUHDWHG30(67'DWHPRGLILHG30(67

9,7$/,1)250$7,21
6XEMHFWV

VWGD\RIVFKRRO

7RSLFRU8QLWRI6WXG\

/LQGVD\ZLOOVWDUWVFKRRODW&\SUHVVRQ1RYHPEHUWK7KLVLVDQRXWOLQHRIP\SODQWRZHOFRPHKHUWRKHUQHZ
FODVVURRP

*UDGH/HYHO

*UDGH

2EMHFWLYH

,QURGXFH/LQGVD\WRWKHVFKRRODQGWRKHUQHZFODVVDQGFODVVPDWHVZKLOHFUHDWLQJDSRVLWLYHHQYLURQPHQWIRUKHUWRIHHO
ZHOFRPH

6XPPDU\

,ZLOOZRUNGLUHFUWO\ZLWK/LQGVD\LQWKHPRUQLQJDQGVKHZLOOZRUNZLWKP\KHDGDVVLVWDQW1LFROHLQWKHDIWHUQRRQ7KH
SXUSRVHRIKHUILUVWGD\LVWRQRWRQO\HVWDEOLVKZKDWLVH[SHFWHGRIKHULQDSRVLWLYHZD\EXWWRJHWWRNQRZKHURQD
SHUVRQDOOHYHO:KDWDUHKHULQWHUHVWVZKDWSODFHVGRHVVKHOLNHWRYLVLW$OVR,ZDQWWRPDNHVXUHDQGSURPRWHDOORI
WKHIXQDFWLYLWLHVZHGRDW&\SUHVVWKDWVKHPD\QRWKDYHKDGDQRSSRUWXQLW\WRSDUWLFLSWDHLQDWKHUSUHYLRXVVFKRRO

,03/(0(17$7,21
/HDUQLQJ&RQWH[W

7KLVILWVRXUPRGHODW&\SUHVVEHFDXVHPRVWRIZKDWZHWHDFKLVGRQHLQDSRVLWLYHZD\:HDUHYHU\OLJKWRQGLVFLSOLQH
DQGSXQLVKPHQWIRUEDGEHKDYLRUVRZHZDQW/LQGVD\WRNQRZWKDWUDWKHUWKDQJHWLQWURXEOHIRUZKHQVKHEHKDYHVLQD
QHJDWLYHZD\VKHZLOOEHJLYHQFKRLFHVZKLOHKDYLQJWKHRSSRUWXQLW\WRPDNHWKHULJKWGHFLVLRQ

3URFHGXUH

:KHQ/LQGVD\DULYHV,ZLOOZDONKHULQWRKHUFODVVURRPDQGVKRZKHUZKHUHKHUGHVNZLOOEH7KHQ,ZLOOVKRZKHUWKH
UHVWRIWKHVFKRRODQGDOOWKHSODFHVWKDWVKHZLOOKDYHDFFHVVWROLNHWKHELJ27URRPDQGPXVLFURRP,DOVRZDQWWR
VKRZKHURXUVFKHGXOHIRUHDFKZHHNDQGDOORIWKHWKLQJVZHGRDVDFODVV0RVWLPSRUWDQWO\,ZDQWWRVSHQGDWOHDVW
PLQXWHVMXVWWDONLQJZLWK/LQGVD\DERXWKHUSUHYLRXVVFKRROH[SHULHQFHDVZHOODVDQ\WKLQJVKHLVFRQFHUQHGDERXW,
ZLOOWDNHQRWHVWKURXJKRXWWKHGD\VR,KDYHDUHFRUGRILQIRUPDWLRQWKDWZLOOEHXVHIXOIRUZRUNLQJZLWK/LQGVD\
,ZLOOKDYHVHYHUDOGLIIHUHQWDFDGHPLFDFWLYLWLHVDYDLODEOHIRUKHUWRFKRRVHIURPGXULQJWKHFODVVURRPVFKRROZRUNSHULRG
VRLIVKHGRHVIHHOOLNHZRUNLQJRQVRPHWKLQJGXULQJWKDWWLPHVKHZLOOEHDEOHWR
2WKHUWKLQJV,ZLOOZDQWWRILQGRXWIURPKHUDUHZKDWDUHWKHW\SHVRISODFHVVKHOLNHVWRJRRQILHOGWULSVZKDWJDPHV
GRHVVKHOLNHWRSOD\ZKDWPRYLHVRU79VKRZVLVVKHLQWHUHVWHGLQHFW)LQGLQJRXWWKLVLQIRUPDWLRQLVH[WUHPHO\
LPSRUWDQWLQFUHDWLQJDFRQQHFWLRQDQGEXLOGLQJWKDWWUXVWRYHUWLPH

'LIIHUHQWLDWHG,QVWUXFWLRQ

)URPUHDGLQJKHU,(3/LQGVD\KDV('DQGFDQXVHLQDSSURSULDWHODQJXDJHWKURZWKLQJVNLFNVWDIIDQGKLWVWDII7KLVLV
QRWVRPHWKLQJWKDWLVQHZWRXVDW&\SUHVVVRZHZLOOXVHRXUUHGLUHFWLRQWHFKQLTXHVDVEHVWZHFDQZKLOHWU\LQJWR
HVWDEOLVKDFOHDUXQGHUVWDQGLQJWKDWWKRVHW\SHVRIEHKDYLRUVVKRXOGQ
WRFFXUDWKHUQHZVFKRRO,IWKHVHGRRFFXUZH
KDYHWKHDYDLODELOLW\RIDTXLHWURRPDQGWUDLQHGVWDIIWRPRYHRWKHUVWXGHQWVDZD\IURPWKHVLWXDWLRQDVVDIHO\DV
SRVVLEOH
6KHZRXOGEHVHQWKRPHDORWDWKHUSUHYLRXVVFKRROVRRQHWKLQJWKDW,ZLOOPDNHVXUHVKHNQRZVLVWKDWZHGRQ
WVHQG
VWXGHQWVKRPHDW&\SUHVVVFKRRO7KLVRFFXUUHGZLWKRQHRIRXURWKHUQHZVWXGHQWV%HOODDQGVKHTXLFNO\XQGHUVWRRG
WKDWHYHQLI,NLFN,
PVWLOOQRWJRLQJDQ\ZKHUH,KDYHWRVWD\WKHZKROHGD\:KLOHWKLVPD\WDNHDGD\RUWZRWRVLQN
LQWKHVWXGHQWVXVXDOO\JUDVSWKLVSUHWW\TXLFNO\

6DPSOH6WXGHQW3URGXFWV

QRQHDVRI\HWMXVWLQIRUPDWLRQWKDWLVPDGHDYDLODEOHIURPKHU,(3

&ROODERUDWLRQ

6WXGHQWVZLOOZRUNLQGLYLGXDOO\6WXGHQWVZLOOZRUNLQJURXSVRI

7LPH$OORWPHQW

FODVVSHULRGV+UVSHUFODVV

$XWKRU
V&RPPHQWV
5HIOHFWLRQV

,ZLOOEHWUXVWLQJWKHUHVWRIP\VWDIIWRKHOSPDNHKHUIHHOZHOFRPHDVZHOO,KDYHDOUHDG\VHQWHPDLOVRXWWRWKHRWKHU
VWDIIZRUNLQJLQP\FODVVWKLVDIWHUQRRQUHPLQGLQJWKHPWKDWZHKDYHDQHZVWXGHQWVWDUWLQJRQ0RQGD\DQGWRFUDQNXS
WKHSRVLWLYLW\

0$7(5,$/6$1'5(6285&(6
,QVWUXFWLRQDO0DWHULDOV

%RRNVPDWKJDPHVERDUGJDPHVSX]]OHVVFLHQFHRUDUWSURMHFWV$OORIWKHVHWKLQJVDQGPRUHZLOOEHPDGHDYDLODEOH
IRU/LQGVD\WRFKRRVHIURPIRUKHUDFDGHPLFSHULRG

5HVRXUFHV

7HFKQRORJ\UHVRXUFHV
L3DGJDPHV

67$1'$5'6 $66(660(17
6WDQGDUGV
$VVHVVPHQW5XEULFV

/LQGVD\
VDEFFKDUWVZLOOEHILOOHGRXWWKURXJKRXWWKHGD\DVZHOODVGRFXPHQWLQJDQ\VFKRROZRUNVKHFKRRVHVWRGRDQG
DOOSRVLWLYHLQWHUDFWLRQVZLWKVWDIIDQGRWKHUVWXGHQWV

Page 1 of 2

Page 2 of 2