May, 2018, was Mach 100 LP’s second month of investing. For the month ending May 31, 2018, Mach 100 LP was Up 2.23%. This compares to the S&P 500 that was up 2.16%, the NASDAQ Composite up 5.32% and the Russell Microcap which was up 7.22%. Year to date (YTD) through May, the S&P 500 is up 1.18%, NASDAQ Composite up 7.80% and Russell Microcap is up 9.30%. This compares with Mach 100 LP which YTD is Up 17.24%. Beginning with the quarter ending June 30, 2018 (when we will then possess a full quarter of performance), we will begin reporting quarterly returns, as well as monthly; and then with more performance data, annual returns. May was a month filled with significant upside volatility across the board as the major indices’ performance reflect. As Mach 100 LP’s investment strategy is a non-correlated, long/short, strategy that is a concentrated fund capitalizing on discovery premium and information arbitrage, it is expected that our positions in the fund often trade based upon their own fundamentals and the supply demand situation of the security or event that is fact specific to the respective portfolio securitiues (e.g. stock, bond, metal, etc.); not based upon the performance of the broad financial markets. While our investment performance in May was positive, we possess a meaningful cash position as Mach 100 LP continues to slowly build its investment portfolio along with our growth in assets under management (aum).