Duncan Sherrer

Founded in 1993, Auerbach Grayson & Co. LLC is a broker/dealer/located in New York City. The firm is a subsidiary of Auerbach Grayson Holdings LLC. Through their worldwide network of broker partners, the firm offers research, execution and clearance in equities, derivatives and fixed-income instruments. They also provide and implements hedging and arbitrage strategies. Auerbach Grayson & Co. is a member of FINRA and the SIPC. They employ bottom-up research to identify undervalued, under-represented and misunderstood companies. The firm covers a broad range of small-cap, mid-cap and emerging market equities.

Founded in 2005, Cazenove Inc. is a subsidiary of JPMorgan Cazenove Ltd., a joint venture between JPMorgan Chase & Co. (NYSE: JPM) and Cazenove Group Plc. JP Morgan Cazenove is headquartered in London with offices in Hong Kong, Beijing, Singapore, Shanghai, Frankfurt, Paris and New York City. They provide a full range of investment banking services, including finical advice, mergers and acquisitions, investor relations, debt and equity capital markets advice and execution and equity research and distribution. Cazenove provides brokerage services, equity sales and trading. They do not provide any internal research. All research is done through JPMorgan Cazenove Ltd.