Page 1: In light of the current investment climate, we do not have any position (long or short) in Bingo’s stock. Please refer to our full disclaimer located on the last page of this report.
Last Page: You should also assume that as of the publication date of our reports, Snowcap may have an investment position in the stocks (and/or options, swaps, and other derivatives related to the stock) and bonds covered therein (either long or short depending on Snowcap's opinion), and therefore stands to realise significant gains in the event that the price of changes in conjunction with Snowcap's opinion.
Kind of conflict itself, isn't it?
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