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The best investment opportunity
of the last decade.

We believe that bitcoin and select crypto assets are sensible diversification for any investment portfolio. Are you invested yet?

Our Performance

Since our Portfolio Managers were first tasked with managing external capital in October 2017, we have been able to deliver substantial results for our investors while vastly outperforming the markets.

Our performance has been arguably impressive but at the same time, it is by no means a surprise in the context of our long experience in the markets. All members of our Portfolio Department have traded crypto assets for years. Our knowledge of the ins and outs of the markets enables us to understand them at a fundamental level. This is one of the keys to our proven track record.

More about Our Performance


We are ARK 36

The name ARK36 is a combination of the word “ARK” and the number “36” both of which have their own significance.

The word ‘ark’ comes from Latin and it can be translated as “a place for safe-keeping”. In more modern times, the word was used to describe a large box where valuable belongings were stored and protected, such as a chest or a coffer. The word ‘ark’ also evokes associations with the “vessel of life” that allowed Noah to save his family and chosen animal pairs from the Biblical flood.

The number “36” consists of two individual digits (3+6) whose corresponding letters of the Roman alphabet are C and F – as in Crypto and Fund. It also happens that the 36th element of the periodic table is a noble gas called “Krypton”, making the association with cryptocurrencies even stronger.

More about ARK36



Ulrik K. Lykke

Executive Director | Portfolio Management


Mikkel Mørch

Executive Director | Risk Management


Jacob H. Skaaning

Portfolio Management


Marck Bertelsen

Investor Relations

Core Value Propositions






Strong Relationships






Historically, hedge funds have struggled to provide a satisfactory level of transparency to their investors, limiting the information about performance to monthly or even quarterly statements. We think such an approach is outdated and believe transparency is the key virtue in any business relationship – especially in one focused on investments in a completely new asset class.

Therefore, we provide full disclosure of our performance and a high degree of transparency with regard to the development of the company and our investment strategies. 

Some of the practical ways in which we implement these principles include access to a uniquely tailored investment dashboard and a periodic newsletter:

  • Investment Dashboard: Each of our investors is provided with a login to a private investment dashboard where they can follow the performance of their investment portfolio in real-time, 24/7. 
  • ARK36 Newsletter: In addition, we send regular updates about the state of the markets, our own performance, and other important information we think our investors will find useful.


Security is a critical factor to consider for any entity operating in the crypto-assets space. We have examined this issue with great care and implemented a number of solutions to secure the safekeeping of investors’ funds and operations of the company.

For obvious reasons, we are not able to list here all of the safety features that we have implemented on both organizational and technological levels.  However, we can confidently say that we have found sound solutions to mitigate both personal and technological risks the company may be exposed to.

For instance, all investor funds stored in cold storage are protected by a state-of-the-art multi-signature wallet, which will require multiple sign offs for any outgoing transactions. In other words, our investors’ funds cannot be accessed by any single person at any time, preventing unauthorized access and misuse.

Lastly, we use service providers for wallet solutions that guarantee our assets are insured with coverage of up to up to €100 million. This further protects our investors’ funds in case of certain unpredictable events.

Strong Relationships

We appreciate the trust that our investors have in our expertise in investing in the cryptocurrency markets. In return, we strive to provide satisfactory performance in a new and exciting space that holds promising upside potential.

Furthermore, in our relations with clients, we subscribe to the highest level of customer service standards. We treat our investors as we would like to be treated ourselves in similar circumstances and this means we deliver customer care and user experience that is nothing short of impeccable.

As our investor, you are not limited by business hours but may contact us at any time of your convenience. We will gladly answer any of your questions and respond to comments or doubts via email, telephone, or other available and safe channels, including digital channels.


We believe that bitcoin and other selected crypto assets offer one of the best asymmetric risk-to-reward ratios available in the investment space. For the last 10 years, bitcoin has confidently dominated the return-of-investment charts no matter the point of comparison and we believe this trend will continue well into the future.

Of course, as any serious investor knows, “past performances are not indicative of future results”. Still, our projections are not merely theoretical. Our Portfolio Department has consistently displayed a capability to both outperform and deliver a world-class return on investment for years. Under current market conditions, we see no reason that could indicate we won’t be able to replicate such results in the future, exceeding the expectations of any “traditional investment”.


ARK36 is composed of people who were early adopters of Bitcoin and innovators in the cryptocurrency space. We have stuck with the bitcoin community through ups and downs and as a result, we have gained in-depth knowledge of the crypto markets, their attributes, and behaviours. Over the years, we also perfected the investment strategies needed to successfully trade cryptocurrencies. 

In addition, the members of our Portfolio Department, Ulrik Lykke, and Jacob H. Skaaning are well-known in the space for being long-time educators as well as for having set up the first investment company focused on crypto assets in the Scandinavian region. Similarly, other members of our ARK36 team are skilled and knowledgeable professionals with years of experience and recognition in their respective fields.

Our Process

1. Personal Information

Before becoming one of the ARK36 investors, potential customers are asked to provide us with detailed information about their investment objectives and economic profile.

Once the prospective investor has been assessed, we deliver all the necessary information about the investment to them.

2. Advisory and Contract Formation

Once the investor’s profile has been assessed, the next step is to formulate a contractual agreement between ARK36 and the investor.

At this stage, the desired investment size is determined and the investor is educated about the investment’s objective as well as the risk involved. Finally, the contract between the investor and ARK36 is prepared and signed.

3. Funds Under Management

When all the paperwork is in order, the investor can deposit the investment with ARK36. Deposits can be made in USD, EUR, GBP, and BTC.

Once the funds are under management, the investor will receive a unique login that will give him or her access to a custom-tailored dashboard. The dashboard is where the investor can keep track of the investment and follow its performance in real-time.

1st investment Cycle
2nd investment Cycle

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Below, you'll find a selection of our own publications, general news stories, and our appearances in the media.

Latest News

Frequently Asked Qustions

Why ARK36 and not a competitor?

We have been operating in the crypto sphere nearly since its beginnings. Our in-depth knowledge and understanding of crypto are coupled with broad experience in trading on the crypto markets.

Our fund managers had traded crypto for years before starting to manage external capital, perfecting the strategy that we now confidently apply for our clients.

Most importantly, however, our performance history speaks for itself. We have a proven track record of success in outperforming both our competitors and the general markets.

Which company will trade my funds?

All funds managed by ARK36 are traded under ARK36 AIFLNP V.C.I.C Ltd., which is a fully licensed investment fund.

The funds are stored in and traded under segregated accounts and will never be mixed with operational funds.

What is the minimum investment amount?

For regulatory reasons, we are compelled to extend our offer only to professional investors who are risk-tolerant and who are in possession of significant capital.

The lowest threshold for participation is, therefore, set at €120,000.00.

How can I exit the fund?

Any investor of ARK36 can request to withdraw their funds at any time as soon as the first six-month lock-up period has been completed.

Why is the management fee charged up front?

Operating a fund that invests in Bitcoin and other crypto-assets is costly. As a way to ensure operational success, the company’s fixed costs are covered by funds we obtain charging a management fee.

The management fee also covers all the expenses related to the handling of an investor’s funds for a full investment cycle (six months).

Aren’t the cryptocurrency markets dead?

No, the cryptocurrency markets are, in fact, strong and growing rapidly.

In the years we have been involved in crypto-asset trading, the crypto markets have been “declared dead” multiple times – and yet we have been able to deliver phenomenal results and ROI regardless.

In the long run, we are firm believers in cryptocurrencies and tokenized economies. We think of them as the next natural step in the digital transformation and believe they are here to stay.

How can I participate?

We accept new investors on a month-to-month basis. If you are interested in becoming an investor with ARK35, we encourage you to contact us directly right away. You can send us an email at [email protected], call us at +45 2872 9799, or fill out the contact form here.

What if I'm not satisfied with the results?

We have traded on the crypto markets for a long time and we are confident in our ability to secure returns for our investors. However, as a way to ensure that continuous performance is delivered, we operate under the concept of the “high-water mark”.

The high-water mark is performance-based. It is adjusted every six months before the investor pays the management fee. In practical terms, this means that you won’t be charged unless we manage to deliver returns on the money you have invested with us.


Accredited Investors only

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By submitting this form, you accept that ARK36 may contact you on either phone or e-mail. You can at any point withdraw from this. We are obliged to protect your privacy and personal data. For more information, please see our Privacy Policy.


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  1. The investor has carried out transactions, of significant size, on average more than ten times per quarter over the last four quarters.
  2. The size of investor’s financial portfolio, including cash deposits, exceeds €500.000,00.
  3. The investor has at least one year of professional experience in financial markets.


Prospective investors in the Company are expected to be aware of the substantial risks of investing. Even if qualified to invest on the basis of financial suitability, those who are not generally familiar with such risks may not be suitable investors in the Company. Investment in the Participating Shares should be made only after consulting with independent, qualified sources of investment and tax advice. The risk factors described below are not a complete list of all factors or circumstances that may adversely affect an investment in Participating Shares, and are not intended to be presented in any assumed order of priority. They simply represent those which the Board of Directors of the Company believes are the primary risks. In particular, the Company’s performance may be affected by changes in legal, regulatory and tax requirements in any of the jurisdictions in which it or its subsidiary companies operate or intend to operate as well as overall global financial conditions. Particular investors may have other circumstances and variables which they may consider to be more significant to their investment decision.

Potential Participating Shareholders should also take their own tax advice as to the consequences of their owning shares in the Company as well as receiving returns from it. Tax commentary in this document is provided for information only and no representation or warranty, express or implied, is given to Participating Shareholders in any jurisdiction as to the tax consequences of their acquiring, owning or disposing of any Participating Shares in the Company and neither the Company, nor the Directors will be responsible for any tax consequences for any such Participating Shareholders.

As a general rule, an investment in the Participating Shares of the Company should only be considered by well-informed and professional investors who are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses which may arise there from (which may be equal event to the total amount invested). Such an investment should only be seen as complementary to other investments in a wide spread of other financial assets and should not form part of an investment portfolio.

1.1 Investment risk

Potential investors should note that the investments of the Company are subject to market fluctuations and other risks inherent in investing in investments of the kind and nature in which the Company invests and there can be no assurance that any appreciation in value will occur. In particular, the value of investments may be affected by uncertainties such as international, political and economic developments or changes in government policies.

The value of investments and the income therefrom, and therefore the value of Participating Shares in the Company can go down as well as up and an investor may not recoup the original amount invested in the Company. An investment should only be made by those persons who are able to sustain a loss on their investment.

Changes in exchange rates between currencies may also cause the value of the investments to diminish or increase. Currency fluctuations may adversely affect the value of an investment.

The value of the assets attributable to the Company may be affected by uncertainties such as national, regional or international political developments, changes in government policies, changes in taxation, restrictions on foreign investment and currency repatriation, currency fluctuations and other developments in the laws and regulations of countries in which investment may be made. Furthermore, the legal infrastructure and accounting, auditing and reporting standards in certain countries in which investment may be made may not provide the same degree of investor protection or information to investors as would generally apply in major securities markets. None of these uncertainties will be within the control of the Directors of the Company.

As the Company will invest in Cryptocurrencies, the Company will be exposed to risk factors that may affect the market including:

Risk inherent to the business

  • Return and performance risk
  • Technology Risk
  • Volatility Risk
  • Risk of Price Manipulation
  • Market Risk
  • Liquidity Risk
  • Concentration Risk
  • Currency Risk
  • Inflation Risk
  • Systemic Risk
  • Competition Risk

Counterparty risks

  • Related to Online Exchange
  • Related to Key Holders

Operational Risks

  • Risk of losing assets
  • Operational Risk
  • No Management Rights
  • No Guarantee of Redemption of Units
  • Risk of Mandatory Redemption of Units
  • Key Person Dependency Risk
  • Conflict of Interest

1.2 No Guarantee

There can be no assurance or guarantee that the Company will achieve its investment objective.

1.3 Lack of Transparency

Other than the provision of semi-annual (unaudited) and annual audited reports and statements and the monthly NAV, the Company may not provide any information regarding the investment strategy of the Fund.

1.4 Risk of Terrorist Action

There is a risk of terrorist attacks causing significant loss of life and property damage and disruptions in the global market. Economic and diplomatic sanctions may be in place or imposed on certain states and military action may be commenced. The impact of such events is unclear, but could have a material effect on general economic conditions and market liquidity.

1.5 Restrictions on Transfer

Potential investors should be fully aware of the restrictions on transfer of their shares in the Company.

Under the Articles of Association of the Company, unless otherwise determined by the Company in a general meeting, Participating Shares are non-transferable except and subject to the approval of the Directors, if the Directors reasonably believe that any shares are owned, whether beneficially or otherwise, in circumstances which:

a) Constitute a breach of the law or governmental regulation (or any interpretation of the law or regulation by a competent authority) of any country or territory, or

b) Would (or would if other Participating Shares were acquired or held in like circumstances) result in the Company incurring any liability to taxation or suffering any other adverse consequence (including the requirement to register under any securities or investment or similar laws or governmental regulation of any country or territory).

It is also noted that the Participating Shares are unlikely to be registered under the securities laws of any jurisdiction and there will be no ready market for them.

Subject to the provisions of the AIF Law and for the purposes of compliance with the above restriction, the Administrator shall maintain a register of Shareholders with appropriate numbering of the Shareholders from which the number of the Shareholders in the Company, from time to time, shall arise and which the Company shall consult before the allotment and issue of any new Shares or before the approval of any transfer of Shares.

The Directors of the Company shall be obliged not to give the approval to the Administrator to proceed with any new allotment and issue of Shares if as a result of such allotment and issue the number of holders of Shares would exceed the number of fifty (50) persons.

The Board of Directors are obliged to refuse the registration of a transfer of Shares if as a result of the said transfer the number of holders of Shares would exceed the number of fifty (50) persons.

1.6 Limited Redemption Rights

An investment in the Company is suitable only for professional investors who have no need for immediate liquidity in their investments. Participating Shares may not be redeemed within six (6) months of their initial subscription under any circumstances and within three (3) years unless a fee is paid. After this period Participating Shares may be redeemed within three (3) months of the last day of the month in which the redemption request was made.

The Articles of Association of the Company provide that a holder of Participating Shares may redeem all or part of his holding of Participating Shares but the Directors reserve the right to refuse a partial redemption if immediately thereafter the value of such holder’s Participating Shares would be less than the Minimum Holding, or as otherwise determined by the Directors.

The Articles of Association of the Company provide that the Directors reserve the right to limit the aggregate amount of redemptions on any Redemption Date to no more than 5% of the Net Asset Value of the Company and redemption requests may be scaled down accordingly. Redemption requests which are scaled down will be dealt with on the next Redemption Date in priority to subsequent redemption requests but subject to the same limitations. The Directors may waive or modify in part or whole the gate percentage in exceptional circumstances.

In addition, redemption may not be possible in case of suspension of the determination of the Net Asset Value.

1.7 Lack of Ordinary Income

Any interest and dividend income earned by the Company on its investments will be incidental to the accomplishment of its primary investment objectives. The Company does not intend to make income or capital gains distributions to its Participating Shareholders. Therefore, an investment in the Company is not suitable for investors seeking current returns for financial or tax planning purposes, and should be considered only by persons who are financially able to maintain their investment in the Company over an extended period.

1.8 General Economic Conditions

The success of any investment activity is influenced by general economic conditions, which may affect the level and volatility of factors including interest rates and the extent and timing of investor participation in the markets for both equity and interest-rate-sensitive securities. Unexpected volatility or illiquidity in the markets in which the Fund hold positions could impair the Fund’s Net Asset Value and cause losses.

1.9 Political and/or Regulatory Risks

The value of the Company’s assets may be affected by uncertainties such as international political developments, changes in government policies, changes in taxation, restrictions on foreign investment and currency repatriation, currency fluctuations and other developments in the laws and regulations of countries in which investment may be made. Furthermore, the legal infrastructure and accounting, auditing and reporting standards in certain countries in which investment may be made may not provide the same degree of investor protection or information to investors as would generally apply in major securities markets. The political risks are related to the possible rise of internal political disturbances and unfavourable changes in the economic legislation. This risk relates to the possibility that the government of a certain country may adversely change its policy and business environment.

1.10 Foreign Exchange / Currency Risk

The Company’s investments are denominated primarily in Euros and USD . Certain of the assets of the Company may be denominated in currencies other than in the currency in which the Participating Shares are subscribed for. Accordingly, the value of such assets may be affected favourably or unfavourably by fluctuations in currency rates. In addition, prospective investors whose assets and liabilities are predominately in other currencies should take into account the potential risk of loss arising from fluctuations in value between the Euro and such other currencies.

1.11 Concentration of Investments

Subject to the investment restrictions outlined in the present Private Offering Memorandum, the Company may at certain times hold relatively few investments. The Company could be subject to significant losses if it holds a large position in a particular investment that declines in value or is otherwise adversely affected.

1.12 Unethical or Illegal Behaviour

The Company might suffer damages as a result of unethical behaviour of persons with which it has contractual relations, including persons from the Company’s Board of Directors. In order to control this risk the Board of Directors has developed internal rules for ethical behaviour, meeting the requirements of the Code of Ethics and Standards of Practice adopted by the CySEC code of conduct. The risk of unethical or illegal behaviour by any contractor to the Fund is minimised by the careful preliminary analysis of these potential partners and their reputation.

1.13 Departure of Directors

The Company may be affected due to the departure of a Director of key importance and with specific qualification, a replacement for whom may be difficult or impossible to find within a reasonable period of time and at a reasonable cost.

1.14 Taxation

Potential investors’ attention is drawn to the taxation risks associated with investing in the Company. Further details are given in the relevant Section above. The tax rules and their interpretation relating to an investment in the Company may change during the life of the Company. Any change in the Company’s tax status or in taxation legislation or its interpretation, could affect the value of the investments held by the Company, affect the Company’s ability to provide returns to Participating Shareholders or alter the post-tax returns to Participating Shareholders. Representations in this document concerning the taxation of the Company and its investors are based upon current tax law and practice which is, in principle, subject to change.

The avoidance of double taxation and in particular the Company profit tax exemption is important for the financial results of the Company. It is not certain whether and for how long the Company and its Participating Shareholders will profit from a favourable tax environment. In addition, the activity of the Fund is subject to a detailed and multi-aspect legal regulation. There is no guarantee that the legislation related to the activity of the Company might not be changed in an unfavourable direction, involving considerable unforeseen expenses which would negatively affect its profit.

1.15 Cryptocurrencies

Some of the Exchanges on which the Company may invest may prove to be illiquid, insufficiently liquid or highly volatile from time to time. This may affect the price at which the Company may liquidate positions to meet redemption requests or other funding requirements

Prices of Cryptocurrencies fluctuate daily and can be influenced by many factors, such as political and economic news, corporate earnings reports, demographic trends and catastrophic events. Further, some markets may be less liquid and experience greater volatility than other markets.


Cryptocurrency exchanges have in the past been closed due to fraud, failure or security breaches. In many of these instances, the customers of such cryptocurrency exchanges were not compensated or made whole for the partial or complete losses of their account balances. Any of the Fund’s assets that reside on a cryptocurrency exchange that shuts down may be lost. The methodologies for determining a cryptocurrency’s market price are new and untested. Such methodologies may now or in the future contain inherent flaws that may adversely affect the ability to determine a cryptocurrency’s market price. Cryptocurrencies are created, issued, transmitted and stored according to protocols run by computers in a cryptocurrency network. It is possible these protocols have hidden flaws that could result in the loss of some or all assets held by the Fund. There may also be network scale attacks against these protocols or server hosts that result in the loss of some or all of assets held by the Fund. Some assets held by the Fund may be created, issued or transmitted using experimental cryptography which could have underlying flaws. Advancements in quantum computing could break the cryptographic rules of protocols that support the assets held by the Fund. The Fund makes no guarantees about the reliability of the cryptography used to create, issue or transmit assets held by the Fund. The impact of geopolitical events on the supply and demand for cryptocurrencies is uncertain. The further development and acceptance of the cryptographic, algorithmic, and other applicable protocols governing the issuance of and transactions in cryptocurrencies, which represents a new and rapidly changing industry, is subject to a variety of factors that are difficult to evaluate. The slowing or stopping of the development or acceptance of these protocols may adversely affect any investment in a cryptocurrency. Currently, there is relatively small use of cryptocurrencies in the retail and commercial marketplace in comparison to relatively large use by speculators (including, but not limited to, high frequency traders using automated trading systems seeking to take advantage of arbitrage opportunities in cryptocurrencies and the various cryptocurrency exchanges), thus contributing to price volatility.

1.16 Fluctuations in the Market Price of Cryptocurrencies

The value of the Units relates directly to the value of the cryptocurrencies held directly or indirectly by the Fund, and fluctuations in the price of cryptocurrencies could materially and adversely affect an investment in the Units. Several factors may affect the price of cryptocurrencies, including: the total number of cryptocurrencies in existence; global demand; global supply; investors’ expectations with respect to the rate of inflation of fiat currencies; investors’ expectations with respect to the rate of deflation of cryptocurrencies; interest rates; currency exchange rates, including the rates at which cryptocurrencies may be exchanged for fiat currencies; fiat currency withdrawal and deposit policies of cryptocurrency exchanges and liquidity of such cryptocurrency exchanges; interruptions in service from or failures of major cryptocurrency exchanges; cyber theft of cryptocurrencies from online digital wallet providers, or news of such theft from such providers or from individuals’ digital wallets; investment and trading activities of large investors; monetary policies of governments, trade restrictions, currency devaluations and revaluations; regulatory measures, if any, that restrict the use of cryptocurrencies as form of payment or the purchase of cryptocurrencies on the market; the availability and popularity of business that provide cryptocurrency-related services; the maintenance and development of the opensource software protocol of the cryptocurrency network; increased competition from other forms of cryptocurrency or payments services; global or regional political, economic or financial events and situations; expectations among cryptocurrency economy participants that the value of cryptocurrencies will soon change; and fees associated with processing a cryptocurrency transaction. In addition, investors should be aware that there is no assurance that cryptocurrencies will maintain their long-term value in terms of future purchasing power or that the acceptance of cryptocurrency payments by mainstream retail merchants and commercial businesses will continue to grow. In the event that the price of cryptocurrencies declines, the Manager expects the value of an investment in the Units to decline proportionately. Cryptocurrencies represent a speculative investment and involve a high degree of risk. As relatively new products and technologies, cryptocurrencies have not been widely adopted as a means of payment for goods and services by major retail and commercial outlets. Conversely, a significant portion of the demand for cryptocurrencies is generated by speculators and investors seeking to profit from the short or longterm holding of cryptocurrencies. The relative lack of acceptance of cryptocurrencies in the retail and commercial marketplace limits the ability of end-users to pay for goods and services with cryptocurrencies. A lack of expansion by cryptocurrencies into retail and commercial markets, or a contraction of such use, may result in increased volatility.

1.17 Regulatory Framework Relating to Cryptocurrencies

It may be illegal, now or in the future, to own, hold, sell or use cryptocurrencies in one or more countries, including the United States and Canada. Although currently cryptocurrencies are generally either not regulated or lightly regulated in most countries, one or more countries may take regulatory actions in the future that severely restricts the right to acquire, own, hold, sell or use cryptocurrencies or to exchange cryptocurrencies for fiat currency. Such an action may restrict the Fund’s ability to hold or trade cryptocurrencies and could result in termination and liquidation of the Fund at a time that is disadvantageous to unitholders, or may adversely affect an investment in the Fund. The tax rules applicable to an investment in cryptocurrency may be uncertain and the tax consequences to the Fund of an investment in a cryptocurrency could differ from the Fund’s expectations (if any).

1.18 Risk of Loss of Private Key

Cryptocurrencies are controllable only by the possessor of unique private keys relating to the addresses in which the cryptocurrencies are held. The theft, loss or destructions of a private key required to access a cryptocurrency is irreversible, and such private keys would not capable of being restored by the Fund. Any loss of private keys relating to digital wallets used to store the Fund’s cryptocurrencies could result in the loss of the cryptocurrencies controlled by such private key.

1.19 Risk of Loss, Theft or Destruction of the Fund’s Cryptocurrencies

There is a risk that some or all of the Fund’s cryptocurrencies could be lost, stolen or destroyed. If the Fund’s cryptocurrencies are lost, stolen or destroyed under circumstances rendering a party liable to the Fund, the responsible party may not have the financial resources sufficient to satisfy the Fund’s claim. Also, although the cryptocurrency Custodians uses security procedures with various elements, such as redundancy, segregation and cold storage, to minimize the risk of loss, damage and theft, neither the cryptocurrency Custodians nor the Manager can guarantee the prevention of such loss, damage or theft, whether caused intentionally, accidentally or by an act of God. Access to the Fund’s cryptocurrencies could also be restricted by natural events (such as an earthquake or flood) or human actions (such as a terrorist attack).

The foregoing list of risk factors does not purport to be a complete enumeration or explanation of the risks involved in an investment in the Company. Prospective investors should read this entire Private Offering Memorandum and consult with their own legal, tax and financial advisers before deciding to invest in the Company. Still, if you do not understand the risk involved do not invest in the Company!