Disclosures from Mackie Research, Pulse Oil Company, Initiating Coverage, Oct. 26, 2017
RELEVANT DISCLOSURES APPLICABLE TO COMPANIES UNDER COVERAGE
1. Within the last 12 months, Mackie Research Capital Corporation has managed or co-managed an offering of securities by the subject issuer.
2. Within the last 12 months, Mackie Research Capital Corporation has received compensation for investment banking and related services from the subject issuer.
3. Relevant disclosures required under IIROC Rule 3400 applicable to companies under coverage discussed in this research report are available on our web site atwww.mackieresearch.com.
I, Bill Newman, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report.