Joe Ponzio (“Joe,” “we,” or “us”) provides this website, F Wall Street, located at (the “Site”), to you, an individual user (“you”) for your individual use, subject to compliance with the terms and conditions set forth herein.


By using this site, you agree to be bound by out Terms of Use (the “TOU”). If you do not agree to the terms and conditions in the TOS and Privacy Policy, please do not access or otherwise use the Site or any information contained herein.

Changes to the TOU

We reserve the right at any time to:

  • Change the terms and conditions of the TOU;
  • Change the Site, including adding, modifying, eliminating or discontinuing any content or feature of the Site; and/or
  • Impose fees, charges or other conditions for use of the Site or parts thereof.

We may modify the Site without prior notice to you, and your continued use of the Site constitutes your acceptance of the TOU and any modifications thereto. In the event that we make material changes to the TOU, we will attempt to notify registered users via email of such changes. Whether you are registered or not, you should check the Site frequently to see recent changes.

No Investment, Financial, Tax, Legal or Other Advice; Securities Information

The information provided on the Site or in any communication containing a link to the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject the operators or contributers to this website or our affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by us or our affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

You understand that none of the contributors, information providers or our affiliates are advising you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter.

This website contains the personal opinions, philosophies, and investment strategies of the individuals posting articles, comments and other content. You should consider your own situation, your risk tolerance, fees, expenses, taxes, and more before investing.

You understand that performance data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that such calculations are not guaranteed by these sources, the information providers, or any other person or entity, and may not be complete.

From time to time, reference may be made on our Site to prior articles and opinions published on the Site. These references may be selective, may reference only a portion of an article or opinion, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

All content on the Site is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data.

When in question or doubt, do not rely on the information contained on this website. Instead, consult your own independent counsel.

Copyright, Link Policy, Trademarks and Syndication

The Site and the content contained herein, as well as all copyrights, including without limitation, the text, documents, articles, products, software, graphics, photos, sounds, videos, interactive features, services, links, User Submissions (as defined below) and any other content on the Site (“Content”) and the trademarks, service marks and logos contained therein are the property of Joe Ponzio and our licensors. You may access and use the Content, and download and/or print out copies of any content from the Site, solely for your personal, non-commercial use. If you download or print a copy of the Content for personal use, you must retain all copyright and other proprietary notices contained therein. You acknowledge that you do not acquire any ownership rights by using the Site. Joe Ponzio reserves all rights not expressly granted in and to the Site.

The Site contains links to other Internet websites or links to content created by third party which is published on the Site. We neither control nor endorse such other websites, nor have we reviewed or approved any content that appears on such other websites or on our Site. You acknowledge and agree that we shall not be held responsible for the legality, accuracy, or appropriateness of any content, advertising, products, services, or information located on our Site or any other websites, nor for any loss or damages caused or alleged to have been caused by the use of or reliance on any such content.

You may link to any content on the Site. If you are interested in reprinting, republishing or distributing content from the Site, please contact us to obtain written consent. All other trademarks, service marks, and logos used on our web sites are the trademarks, service marks, or logos of their respective owners.

This section shall survive any termination of these TOU.

User Conduct

You may not use, copy, display, sell, license, de-compile, republish, upload, post, transmit, distribute or otherwise exploit Content from the Site to online bulletin boards, message boards, newsgroups, chat rooms, or in other any manner, without our prior written permission. Modification of the Content or use of the Content for any purpose other than your own personal, noncommercial use is a violation of our copyright and other proprietary rights, and can subject you to legal liability.

In addition, in connection with your use of the Site and its services, you agree not to:

  • Restrict or inhibit any other visitor from using the Site, including, without limitation, by means of “hacking” or defacing any portion of the Site;
  • Use the Site for any unlawful purpose;
  • Express or imply that any statements you make are endorsed by us, without our prior written consent;
  • Modify, adapt, sublicense, translate, sell, reverse engineer, decompile or disassemble any portion of the Site;
  • “Frame” or “mirror” any part of the Site without our prior written authorization;
  • Use any robot, spider, site search/retrieval application, or other manual or automatic device or process to download, retrieve, index, “data mine,” or in any way reproduce or circumvent the navigational structure or presentation of the Site or its contents;
  • Harvest or collect information about visitors to the Site without their express consent;
  • Send unsolicited or unauthorized advertisements, spam, chain letters, etc to other users of the Site;
  • Transmit any Content which contains software viruses, or other harmful computer code, files or programs.

You also agree to comply with all applicable laws, rules and regulations in connection with your use of the Site and the content made available therein.

In order to access some of the services of the Site, you will have to create an account. You may never use another user’s account without permission. When creating your account, you must provide accurate and complete information. You are solely responsible for the activity that occurs on your account, and you must keep your account password secure. You must notify us immediately of any breach of security or unauthorized use of your account. You will be liable for any use made of your account or password and the losses of Seeking Alpha or others due to such unauthorized use. We will not be liable for your losses caused by any unauthorized use of your account.

We have the right to terminate your access to the Site at any time for any reason in our sole discretion and without any advance or other notice to you.

Posting Comments, Articles, and Other Content; Content Moderation

The Site permits the submission of Content by users of the Site, including without limitation comments, articles, links, and items in our TickerTalk section, and including from those who give permission to us to post their Content (“User Submissions”) and the hosting, sharing and publishing of such User Submissions on the Site. We have and retain the right in our sole discretion and without advance or further notice to you, to monitor, censor, edit, move, delete, and/or remove any and all Content posted on the Site at any time and for any reason. Without limiting the foregoing, we have and retain the right to delete any comment that we believe, in our sole discretion, does or may violate the TOU of the Site.

We reserve the right to remove content that violates one of the following principles, as determined by us, at our discretion:

  • No incitement to hatred. Material that promotes hatred toward groups based on race or ethnic origin, religion, disability, gender, age, veteran status, or sexual orientation/gender identity will be removed.
  • No pornography or pedophilia.
  • No direct or veiled threats against any person or group of people.
  • No copyright infringement.
  • No publishing of other people’s private and confidential information, such as credit card numbers, Social Security Numbers, and driver’s and other license numbers.
  • No impersonation of others in a manner that is intended to or does mislead or confuse others.
  • No use for unlawful purposes or for promotion of dangerous and illegal activities. Your account may be terminated and you may be reported to the appropriate authorities.
  • No spamming, link-spamming or transmitting malware and viruses.
  • No personal attacks.
  • No profanity or vulgarity.
  • No business solicitations or advertising.
  • No inappropriate, unethical or misleading behavior.

Important note: We encourage civil, thought-provoking debate and idea-sharing among value investors and stock-market followers. In order to maintain a level of discourse appropriate to our user base, we are strongly opposed to trolling, uncivilized discussion, mudslinging, inappropriate language, and blanket dismissal of others’ ideas. At our discretion, we may delete comments and content, and block/delete accounts of users we believe lower the level of discourse and courtesy we strive to engender.

Moderating decisions are subjective, and we strive to make them carefully and consistently. Due to the volume of content, we cannot review moderation decisions with users and cannot reverse decisions.

Our Site is intended to serve as a discussion center for thoughtful users who make their own investment decisions, with or without the help of a broker. They are not the place for stock touters, cheerleaders or hypesters.

Without derogating from the above, we, at our discretion, may refrain from posting or remove User Submissions that violate these standards or which are otherwise inappropriate. These standards are designed to ensure that the dialogue on the Site is credible, responsible, intelligent and informative. We cannot guarantee that users will tell the truth, and we will not monitor the veracity of names and positions or the content of any posts. However, by setting out the above guidelines, we hope to raise the credibility of the discussion and foster a spirit of open, honest exchanges of information. In addition, please be advised that even if a user who posts a comment may, if the user so registers, be publicly identifiable only by the alias he or she chose during registration, our records will contain the actual identity of the author of any comment posted to the Site.

We do not publish articles submitted by research firms or authors who are directly compensated by a company for coverage of that company’s stock or business. We do not publish articles written by authors who actively work in the field of Investor Relations.

If user has a business relationship with a company named in a User Submission that he or she has authored, that relationship must be fully and accurately disclosed in every User Submission of said user.

If you have any comments on our policies, or complaints or concerns of any kind about any posts, please contact us. We will review all of the information that you communicate to us, but we may not be able to take action or respond directly to each e-mail.

Responsibility for User Submission

Each individual who submits a User Submission, whether published on the Site or not, is solely responsible for her or his own acts, including the content, context or information in the User Submission he or she submits. This means that each individual, and not us, is entirely responsible for anything and everything she or he posts on the Site. We do not and do not intend to pre-screen any comments posted on its Site and we cannot and do not guarantee the accuracy, integrity or quality of anything that may appear on its Site.

Disclaimer of Warranty and Limitation of Liability

The information on this site is provided “AS IS” and without warranties of any kind, including warranties as to the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Although the information provided to you on the Site is obtained or compiled from sources we believe to be reliable, we cannot and do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose.

We are not liable for any action you take or omit to take, or any losses resulting from any action you take or omit to take, based on the information on the Site.

Links to Third-Party Content

We may provide hyperlinks or pointers to other web sites maintained by third-parties or may provide third-party content on our web site by framing or other methods. Links to third-party web sites are provided for your convenience and information only and does not indicate or imply an endorsement by us of said third-party content, products or services. The content in any linked Web site is not under our control so we are not responsible for the content, including any further links in a third-party site.

No Duty To Update Content and Content Date

The information provided on this Web site by us speaks only as of the respective dates on which the information was first created, even if such date is not visually or otherwise available to the visitor. This information can become out-of-date. We make no commitment, and disclaim any duty, to update any of this information, except as expressly stated on the Site.

Termination of Access

You understand and agree that we may, under certain circumstances and without prior notice to you, terminate your access to and use of the Site. Cause for such termination shall include, but not be limited to, (i) breaches or violations of the TOU or other agreements or guidelines, (ii) requests by law enforcement or other government or regulatory authorities or (iii) repeat violators of third party copyrights or other intellectual property.

Affiliation with Ponzio Capital or Ponzio Investors Funds

The Site is not affiliated with or an affiliate of Ponzio Capital Inc. (“Ponzio Capital”) or Ponzio Investors Fund LP (“Ponzio Investors Fund”). Though all of these entities could be considered controlled by Joe Ponzio, each is a separate and independent entity.

Past Performance; Performance Guarantees

Past performance is not indicative of future results. You should not assume that the future performance of any specific investment or investment strategy will be profitable or equal to corresponding past performance levels.