| Contrary to other management firms and signal providers we did not run and hide or change our business name. We hit a bump in the road and finally had a losing month. It is the unfortunate reality of this business. Now the next question is why? Well, as you know, our team is made up of an assortment of traders from different firms as well as independent traders around the world. As a part of this team these traders are held to certain standards and performance expectations. What happened were not one but several members of our team dropped well below the performance standards at the same time. Those traders have been let go. In the past our team was able to balance out the losses however it obviously was too much to handle. In addition to that we had a bug in our main system that had been giving us false readings. I am happy to say that this situation was resolved this morning. With many other trials this last month we feel we have weathered the storm. We are now back on track as of today and you can expect great results in the weeks to come. Those of you who have not received last months invoice, it is only because we had not reached the watermark. This invoice will be provided once the performance fee is required. | 
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