© COPYRIGHT 2025 Sybella Research LLC, ALL RIGHTS RESERVED.
YOUR ACCEPTANCE OF THE TERMS OF USE. The website sybellaresearch.com (the “Site”) is brought to you by Sybella Research LLC (“Sybella Research,” “we,” “us,” or “our”). By accessing or browsing our Site, you accept, without limitation or qualification, the following terms and conditions (collectively, the “Terms of Use” or “User Agreement”). PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING THE SITE AS THEY CONSTITUTE A LEGALLY BINDING CONTRACT BETWEEN YOU AND SYBELLA RESEARCH. IF YOU DO NOT AGREE TO THESE TERMS OF USE, PLEASE DO NOT USE THE SITE AND EXIT NOW.
WE RESERVE THE RIGHT, IN OUR SOLE DISCRETION, TO UPDATE OR REVISE THESE TERMS OF USE FROM TIME TO TIME. YOUR CONTINUED USE OF THE SITE NOW, OR FOLLOWING THE POSTING OR NOTICE OF ANY CHANGES TO THE TERMS OF USE WILL INDICATE YOUR ACCEPTANCE OF THOSE CHANGES.
1. CONTENT MADE AVAILABLE ON OR THROUGH THE SITE AND YOUR USE OF CONTENT.
A. Description of Content. The Site contains a wide variety of Content (defined below), whether (1) proprietary to Sybella Research, or (2) proprietary to third parties. “Content” includes, but is not limited to text, data, files, documents, software, scripts, layout, design, function and “look and feel,” graphics, images, audio, videos, audiovisual combinations, interactive features and any other materials that you may view or access through the Site.
B. Proprietary Rights. You acknowledge and agree that all Content, whether publicly posted or privately transmitted, as well as all derivative works thereof, are owned by Sybella Research or other parties that have licensed their material to Sybella Research, and are protected by copyright, trademark, and other intellectual property laws. Except as specifically permitted herein, Content may not be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, including by e-mail or other electronic means, without the prior consent of Sybella Research or such third-party that owns the Content. All rights not expressly granted herein by Sybella Research and/or its licensors to you are reserved by Sybella Research and/or its licensors.
C. Restrictions on Your Use of Content. You may access and use Content solely for your information and personal, non-commercial use, as intended through the provided functionality of the Site and permitted under this Agreement. Any modification of the Content, use of the Content on any web site or networked computer environment, or use of the Content for any purpose other than personal, non-commercial use, without the prior consent of Sybella Research or its licensors, as applicable, is a violation of the copyright, trademark, and other proprietary rights in the Content and is expressly prohibited. You agree not to circumvent, disable or otherwise interfere with security-related features of the Site that prevent or restrict the use or copying of any Content and not to alter, remove, or falsify any attributions or other proprietary designations of origin or source of any Content appearing on the Site.
D. Disclaimer. Content is provided to You AS IS. You understand that we do not guarantee the accuracy, safety, integrity or quality of Content and you hereby agree that you must evaluate and bear all risks associated with the use of any Content, including any reliance on the Content, integrity, and accuracy of such Content.
2. ACCEPTABLE USE.
You agree not to access or use the Site in an unlawful way or for an unlawful or illegitimate purpose. You shall not post or transmit via the Site (a) a message or information under a false name; (b) information that is unlawful, libelous, defamatory, obscene, fraudulent, predatory of minors, harassing, threatening or hateful to any person; or (c) information that infringes or violates any of the intellectual property rights of others or the privacy or publicity rights of others. You shall not attempt to disrupt the operation of the Site through use of methods such as viruses, Trojan horses, worms, time bombs, denial of service attacks, flooding or spamming. You shall not use the Site in any manner that could damage, disable or impair our services or networks. You shall not attempt to gain unauthorized access to any user accounts or computer systems or networks, through hacking, password mining or any other means. You shall not use any robot, scraper or other means to access the Site.
3. TRADEMARKS/SERVICE MARKS, LOGOS, SLOGANS AND TAGLINES.
All trademarks, service marks, logos, slogans and taglines displayed on the Site are the property of Sybella Research or their respective owners and nothing contained herein should be construed as granting any license or right to use any trademarks, service marks, logos, slogans or taglines displayed on the Site without the express written permission of Sybella Research, or such third-party that may own the trademark, service mark, logo, slogan or tagline.
4. TERMINATION/EXCLUSION.
You understand that the Site is provided as a courtesy to you and that we may modify, suspend or terminate all or a portion of the Site at any time in our discretion without prior notice to you.
We reserve the right, in our sole discretion, to revoke, terminate or suspend any privileges associated with accessing our Site for any reason or for no reason whatsoever, including improper use of the Site or failure to comply with these Terms of Use, and to take any other action we deem appropriate. You agree that Sybella Research shall not be liable to you or any third party for any termination of your access to the Site.
5. VISITOR/USER SUGGESTIONS.
You acknowledge and agree that any questions, comments, suggestions, ideas, feedback, or other information provided by you to Sybella Research (“Comments”) are not confidential and you hereby grant to Sybella Research a worldwide, perpetual, irrevocable, royalty-free license to reproduce, display, perform, distribute, publish, modify, edit or otherwise use such Comments as it deems appropriate, for any and all commercial or non-commercial purposes, in its sole discretion.
6. LINKS TO THIRD PARTY SITES.
Areas of the Site may contain links to other web sites. Please note that when you click on any of these links, you are entering another web site for which we have no responsibility or control. The inclusion of any link does not imply affiliation, endorsement or adoption by us of the linked site or any information contained therein. You are encouraged to read the terms and conditions and policies of all linked sites.
7. THE SITE AND CONTENT NOT INTENDED AS FINANCIAL OR INVESTMENT ADVICE
BY PRODUCING CONTENT MADE AVAILABLE THROUGH THE SITE, SYBELLA RESEARCH DOES NOT INTEND TO PROVIDE FINANCIAL OR INVESTMENT ADVICE AND/OR ANY OTHER ADVICE OF ANY KIND. THE CONTENT AVAILABLE THROUGH THE SITE IS OFFERED AS A FINANCIAL PUBLICATION OF GENERAL AND REGULAR CIRCULATION. YOUR USE OF THE SITE AND CONTENT IS AT YOUR SOLE RISK.
8. CONTENT NOT TO BE CONSTRUED AS SOLICITATION OR RECOMMENDATION
SYBELLA RESEARCH DOES NOT HAVE INVESTMENT BANKING RELATIONSHIPS, CONDUCT MARKET MAKING ACTIVITIES, ENGAGE IN PROPRIETARY TRADING, OR HAVE ANY OWNERSHIP OF ANY SECURITIES ISSUED BY A PUBLICLY TRADED COMPANY THAT IS THE SUBJECT OF THE CONTENT. SYBELLA RESEARCH’S OFFICERS, ASSOCIATED PERSONS, OR MEMBERS OF THEIR FAMILIES, MAY AT ANY TIME BE LONG OR SHORT, PURCHASE OR SELL, OR OWN OPTIONS, RIGHTS OR WARRANTS IN ANY SECURITIES OF THE PUBLICLY TRADED COMPANIES DISCUSSED IN ANY CONTENT, AND MAY MAKE PURCHASES OR SALES OF THESE SECURITIES WHILE THIS REPORT IS IN CIRCULATION. SYBELLA RESEARCH HAS NO ASSETS UNDER MANAGEMENT AND IS NOT REGISTERED AS AN INVESTMENT ADVISER OR BROKER-DEALER WITH THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES REGULATOR.
CONTENT IS MEANT FOR INFORMATIONAL PURPOSES ONLY. NEITHER THE CONTENT NOR ANY OPINIONS EXPRESSED THEREIN ARE A SOLICITATION TO PURCHASE OR SELL ANY SECURITIES OR FOR ANY OTHER INVESTMENT-RELATED SERVICES. PURCHASERS OF AND SUBSCRIBERS TO CONTENT SHOULD CONSULT THE PORTFOLIO MANAGERS, ANALYSTS, OR INVESTMENT COMMITTEES RESPONSIBLE FOR MANAGEMENT OF APPLICABLE ASSETS BEFORE ACTING ON INFORMATION CONTAINED IN THIS REPORT. ANY OPINIONS EXPRESSED HEREIN ARE STATEMENTS OF JUDGMENT ON THE DATE OF THE REPORT AND ARE SUBJECT TO FUTURE CHANGE WITHOUT NOTICE. CONTENT CONTAINS FORWARD LOOKING PREDICTIONS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CURRENTLY ANTICIPATED OR PROJECTED. PRICES ARE SUBJECT TO CHANGE AT ANY TIME. SYBELLA RESEARCH PROVIDES CONTENT TO ITS CLIENTS IN AN EFFORT TO PROVIDE COMPREHENSIVE INFORMATION OF A RANGE OF POSSIBLE INVESTMENT OPPORTUNITIES. SECURITIES DISCUSSED IN THE CONTENT ARE NOT SUITABLE FOR ALL INVESTORS DUE TO DIFFERENT NEEDS, OBJECTIVES, AND FINANCIAL RESOURCES. THE SECURITIES MENTIONED MAY NOT BE REGISTERED IN EVERY STATE. INVESTORS SHOULD CONSIDER THESE FACTORS WHEN MAKING AN INVESTMENT DECISION. ANY QUESTIONS REGARDING THIS REPORT OR ITS CONTENTS MUST BE ADDRESSED TO YOUR CONTACT AT SYBELLA RESEARCH. INFORMATION OBTAINED FROM INDEPENDENT SOURCES OTHER THAN SYBELLA RESEARCH (INCLUDING WITHOUT LIMITATION NEWSPAPERS, MAGAZINES, AND THE INTERNET IS FURNISHED FOR INFORMATIONAL PURPOSES ONLY; SYBELLA RESEARCH HAS NOT PREPARED SUCH SOURCES OR APPROVED THEIR CONTENTS. THE INFORMATION CONTAINED IN THE CONTENT WAS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE; HOWEVER, SYBELLA RESEARCH DOES NOT GUARANTEE ITS ACCURACY OR COMPLETENESS. SYBELLA RESEARCH DOES NOT RENDER TAX OR LEGAL ADVICE. AS SUCH, NO ONE SHOULD ACT UPON ANY TAX OR LEGAL INFORMATION CONTAINED IN THE CONTENT WITHOUT CONSULTING A TAX PROFESSIONAL OR ATTORNEY.
9. DISCLAIMER OF WARRANTY
ACCESS TO THE SITE AND THE CONTENT IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, SYBELLA RESEARCH LLC DISCLAIMS ALL WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF TITLE, MERCHANTIBILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. WITHOUT LIMITING THE FOREGOING, SYBELLA RESEARCH LLC DOES NOT WARRANT THAT ACCESS TO THE SITE WILL BE UNINTERRUPTED OR ERROR-FREE, OR THAT DEFECTS, IF ANY, WILL BE CORRECTED; NOR DOES SYBELLA RESEARCH LLC MAKE ANY REPRESENTATIONS ABOUT THE ACCURACY, RELIABILITY, CURRENCY, QUALITY, COMPLETENESS, USEFULNESS, PERFORMANCE, SECURITY, LEGALITY OR SUITABILITY OF THE SITE OR THE CONTENT. YOU EXPRESSLY AGREE THAT YOUR USE OF SITE IS AT YOUR SOLE RISK. YOU SHALL BE SOLELY AND FULLY RESPONSIBLE FOR ANY DAMAGE TO ANY COMPUTER SYSTEM, ANY LOSS OF DATA, OR ANY IMPROPER USE OR IMPROPER DISCLOSURE OF INFORMATION CAUSED BY YOU OR ANY PERSON USING YOUR LOGIN PASSWORD. SYBELLA RESEARCH LLC CANNOT AND DOES NOT ASSUME ANY RESPONSIBILITY FOR ANY LOSS, DAMAGES OR LIABILITIES ARISING FROM THE FAILURE OF ANY TELECOMMUNICATIONS INFRASTRUCTURE, OR THE INTERNET OR FOR YOUR MISUSE OF ANY OF ADVICE, IDEAS, INFORMATION, INSTRUCTIONS OR GUIDELINES ACCESSED THROUGH THE SITE.
10. LIMITATION OF LIABILITY
WE ARE NOT LIABLE TO YOU OR ANY OTHER PERSON FOR ANY PUNITIVE, EXEMPLARY, CONSEQUENTIAL, INCIDENTAL, INDIRECT OR SPECIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY PERSONAL INJURY, LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR COMPUTER OR OTHERWISE) ARISING FROM OR IN CONNECTION WITH YOUR USE OF THE SITE OR THE CONTENT, WHETHER UNDER A THEORY OF BREACH OF CONTRACT, NEGLIGENCE, STRICT LIABILITY, MALPRACTICE OR OTHERWISE, EVEN IF PETER THOMAS ROTH LABS, LLC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. YOU HEREBY RELEASE SYBELLA RESEARCH LLC AND HOLD IT AND ITS LICENSORS AND SUPPLIERS HARMLESS FROM ANY AND ALL CLAIMS, DEMANDS, AND DAMAGES OF EVERY KIND AND NATURE (INCLUDING, WITHOUT LIMITATION, ACTUAL, SPECIAL, INCIDENTAL AND CONSEQUENTIAL), KNOWN AND UNKNOWN, SUSPECTED AND UNSUSPECTED, DISCLOSED AND UNDISCLOSED, ARISING OUT OF OR IN ANY WAY CONNECTED WITH YOUR USE OF THE SITE. YOU WAIVE THE PROVISIONS OF ANY STATE OR LOCAL LAW LIMITING OR PROHIBITING A GENERAL RELEASE.
11. INDEMNIFICATION.
Without limiting the generality or effect of other provisions of this Agreement, as a condition of use, you agree to indemnify, hold harmless, and defend Sybella Research LLC and its licensors and suppliers and their parents, subsidiaries, affiliates, suppliers and their officers, directors, affiliates, subcontractors, agents and employees (collectively, “Indemnified Parties” and each, individually, an “Indemnified Party”) against all costs, expenses, liabilities and damages (including reasonable attorney’s fees) incurred by any Indemnified Party in connection with any third party claims arising out of: (i) your use of the Site and/or Content; (ii) your failure to comply with any applicable laws and regulations; and (iii) your breach of any obligations set forth in this User Agreement. You shall not settle any such claim without the written consent of the applicable Indemnified Party.
12. MISCELLANEOUS.
This Agreement shall be governed by the laws of the State of New York without regard to it rules on conflicts or choice of law. The United Nations Convention on Contracts for the International Sale of Goods does not apply to this Agreement. This Agreement constitutes the sole agreement between you and Sybella Research for your use and the provision of the Site and the subject matter hereof, and no representations, statements or inducements, oral or written, not contained in this Agreement shall bind either you or Sybella Research. Any of the terms of this Agreement which are determined to be invalid or unenforceable shall be ineffective to the extent of such invalidity or unenforceability, without rendering invalid or unenforceable any of the remaining terms of this Agreement or affecting the validity or enforceability of the Agreement as a whole. Failure to insist on performance of any of the terms of the Agreement will not operate as a waiver of any subsequent default. No waiver by Sybella Research of any right under this Agreement will be deemed to be either a waiver of any other right or provision or a waiver of that same right or provision at any other time. You may not assign, transfer or delegate your rights or obligations hereunder, in whole or in part. This Agreement shall be binding upon and inure to the benefit of each of the parties and the parties’ respective successors and permitted assigns. A printed version of this Agreement and of any related notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this Agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.