Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, San Gabriel Fund, LLC and/or J. P. Moreno have received the following consideration and/or otherwise has ownership in the securities of the Profiled Company, as follows:
(a) San Gabriel Fund, LLC and a related fund own approximately 2 million shares of VirnetX Holding Corp. common stock. San Gabriel Fund, LLC is not receiving any compensation from VirnetX in connection with the release and/or dissemination of this report.
(b) J.P. Moreno independently prepared this report. However, after the report was completed, San Gabriel Fund, LLC paid J.P. Moreno $10, 000 for the right to view the report and publish its findings. J.P. Moreno also received compensation from others in connection with their right to view this report. J.P. Moreno is not receiving any compensation from VirnetX in connection with the release and/or dissemination of this report.
SOURCE San Gabriel Fund