SPECIAL SITUATIONS SECURITY ANALYSIS

The contents of Arham Khan’s reports may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to third party businesses, operations, and financial conditions, including but not limited to current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, and other future conditions. Words such as, but not limited to, look forward to, believe, expect, anticipate, estimate, intend, plan, would, should, and could, and similar expressions or words identify forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Except as required by applicable law, Arham Khan does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances, or otherwise. Although Arham Khan believes the expectations reflected in such forward-looking statements are reasonable, Arham Khan can give no assurance that such expectations will prove to be correct. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.

Arham Khan has received a flat fee for the composition of these reports. Arham does not have an agreement with the companies but these companies are clients of an intermediary who pays Arham Khan. Arham is an independent contractor. No part of Arham Khan’s compensation is directly or indirectly related to the content of the assessments or other opinions expressed in these reports. Arham is not involved in the intermediary's or the companies' distribution of these reports; these activities, if they so happen, are done by parties other than Arham Khan. It is Arham Khan’s understanding there will be an effort to distribute these reports; Arham is not involved in such operations or such activities. The scope of Arham Khan and the intermediary's agreement is qualitative and quantitative reporting only. Arham Khan receives no part of his compensation in the form of stock or other securities issued by companies, and has no long equity position or short sale position in these companies. Arham Khan is not involved in underwriting securities for these companies, and will receive no proceeds or other financial benefit from any securities offering by these companies. Arham Khan has no financial interest in, or affiliation with, these companies. 

Arham Khan is not licensed with the Securities and Exchange Commission. Arham is not a member of the FINRA or the SIPC. Arham Khan or any of his affiliates are not registered broker dealers and do not have investment banking operations. 

The information contained in these research reports is produced by Arham Khan. The content of these reports may be derived from Arham Khan’s research reports, notes, or analyses. The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Arham Khan makes no representation as to their timeliness, accuracy, or completeness or for their fitness for any particular purpose. These reports are not offers to sell or a solicitation of an offer to buy any security. The information and material presented in these reports are for general information only and do not specifically address individual investment objectives, financial situations or the particular needs of any specific person who may receive these reports. Investing in any security or investment strategies discussed may not be suitable for you and it is recommended that you consult an independent investment advisor. Nothing in these reports constitutes individual investment, legal or tax advice. Arham Khan may issue or may have issued other reports that are inconsistent with or may reach different conclusions than those represented in these reports, and all opinions are reflective of judgments made on the original dates of publication. Arham Khan is under no obligation to ensure that other reports are brought to the attention of any recipient of these reports. Arham Khan shall accept no liability for any loss arising from the use of these reports, nor shall Arham Khan treat all recipients of these reports as customers simply by virtue of their receipt of this material. Investments involve risk and an investor may incur either profits or losses. Past performance should not be taken as an indication or guarantee of future performance.

The analyses provided are based on financial information and speculation of future performance in statements associated with these companies. All outside sources are perceived to be credible, and the analyst does not take fault for any changes in numerical or informational accuracy that may result. These reports are for informational purposes only and is the opinion of the writer. These paid reports have no regard for the specific investment needs or objectives of readers. Investors are encouraged to conduct their own research and come to their own conclusions before making the decision to invest in a company. Sources used in the making of these reports are considered accurate. 

Diligent care has been taken by the analyst to maintain an honest and fair objectivity in writing these reports and making the recommendation.

The specific securities identified and described represent all securities explicitly recommended by the Managing Partner, Arham Khan, prior to the inception of Mecca Partners (aka The Advisor). All performance shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. No assumptions should be made that the securities identified and discussed will be profitable. Fund target allocation is not final and is subject to change and securities referenced are not recommendations to buy or sell any security. Arham Khan is an author of all research reports listed and is the sole author of all reports except three. Arham owns all the research reports except for the Upstart Holdings short report which is owned by Arham’s client, a Canadian family office. The performance tables and charts show the Advisor’s securities research history and the returns achieved by the securities afterwards. Past performance will not necessarily continue in the future. Research returns are calculated using the price of each security as of the reference dates compared against the price of the security at the time of research report composition. For research reports provided to family offices, initial price references closing price of the security on the day Arham delivered an invoice to a paying client. 

The materials provided herein are for general information purposes only and may not be copied or redistributed without Mecca Partners’ prior consent. The views expressed represent Mecca Partners’ assessment as of the dates identified herein and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. The information in this web page, including statements concerning financial markets, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Opinions expressed are those of Mecca Partners, LLC and are subject to change, are not guaranteed, and should not be considered investment advice.

This web page may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to our business, operations, and financial conditions, including but not limited to current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, our portfolio management plans, and other future conditions. Words such as, but not limited to, look forward to, believe, expect, anticipate, estimate, intend, plan, would, should and could, and similar expressions or words identify forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances, or otherwise. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. 

Hedge fund investing involves risk. Principal loss is possible. The Fund may not meet its investment objective or may underperform the market or other hedge funds with similar investment strategies if the Advisor cannot successfully implement the Fund’s investment strategies. Mecca Capital Fund may concentrate its assets in fewer individual holdings than a diversified fund. Small and mid-capitalization companies tend to have limited liquidity and greater price volatility than large capitalization companies. The trading market for a particular security or type of security in which the Fund invests may become less liquid or even illiquid. The Fund’s investment in larger companies is subject to the risk that larger companies are sometimes unable to attain the high growth rates of successful, smaller companies. 

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The private placement memorandum and accompanying documents may be obtained by calling 909.996.9609, or by visiting MeccaPartners.com. Read the prospectus carefully before investing.

Mecca Partners, LLC is the advisor to Mecca Capital Fund, L.P., who's General Partner is Mecca Funds, LLC.