Commentary

7-21-2020

Posted: July 21, 2020

THIS INFORMATION IS BEING PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. NOTHING IN THIS MATERIAL SHOULD BE INTERPRETED AS INVESTMENT, TAX, LEGAL, ACCOUNTING, REGULATORY OR OTHER ADVICE OR AS CREATING A FIDUCIARY RELATIONSHIP. PRODUCT NAMES, COMPANY NAMES AND LOGOS MENTIONED HEREIN ARE TRADEMARKS OR REGISTERED TRADEMARKS OF THEIR RESPECTIVE OWNERS.

UNLESS OTHERWISE SPECIFICALLY STATED, ANY VIEWS OR OPINIONS EXPRESSED HEREIN ARE SOLELY THOSE OF THE INDIVIDUAL AUTHOR AND/OR THE SPECIFIC AREA FROM WHICH IT ORIGINATES AND MAY DIFFER FROM THE VIEWS OR OPINIONS EXPRESSED BY OTHER AREAS OR EMPLOYEES OF BANCROFT CAPITAL, LLC.THE INFORMATION DESCRIBED HEREIN IS TAKEN FROM SOURCES WHICH ARE BELIEVED TO BE RELIABLE, BUT THE ACCURACY AND COMPLETENESS OF SUCH INFORMATION IS NOT GUARANTEED BY US.