The results presented in this chart are based on a simulated trading account with an opening balance of US$25,000. The results to October 2009 are based on the last theoretical price of the option on the day of the trade, the last price of the stock on the day and do not include dividends that may have been payable by the company. The results from the period after October 2009 are based on market prices of what could have been achieved had the trade been placed on an actual trading account. The chart tracks the monthly performance on our simulated account on a cumulative basis. If profits were re-invested (compounded) and trade sizes changed accordingly, the performance could be significantly different. The results do not include the mark to market value of any unrealised stock or options held. Results are based on realised gains or losses only. If we were to include a mark to market result it would result in the inclusion of unrealised gains or losses and would skew the result making a comparison from month to month difficult. We believe it is market convention to include realised gains or losses only. The results for the entire period do not include commissions/brokerage paid, SEC fees paid, interest received or paid. We have not included these so that a direct comparative can be made with the S&P500 performance that does not include these trading costs. We have not taken into consideration the investment objectives, financial situation and your individual needs. Before making any decision about the information provided you must consider the appropriateness of the information having regard to your objectives, financial situation and needs, and always consult your financial advisor. You should do your own research before investing in any securities and derivatives. Investing in securities and derivatives can be speculative and carries a high degree of risk, you may lose all or part of your principal investment. Whilst we have made every effort to ensure the chart and the information upon which it is based is accurate, its accuracy, reliability or completeness is not guaranteed.