Roumell Investor Day, September 15, 2017


Interview with Nolan Watson, CEO, Sandstorm Gold Ltd.


Interview with Ed Terino, CEO, SeaChange International Inc.


Interview with Mike Arends, CFO, and Trevor Caldwell, VP Investor Relations & Strategic Initiatives, Marchex Inc.


Performance Disclosures:
Please refer to the Annual Disclosure Presentations for our Opportunistic Value Composite, which has been prepared and presented in compliance with the Global Investment Performance Standards (GIPS®). Performance reflects RAM’s deep value investment strategy. Returns are reported net of all management fees and applicable trading costs and include the reinvestment of all income. Investors should understand that past performance is not indicative of future performance. Investors should not assume that investments made on their behalf by RAM will be profitable and may, in fact, result in a loss. Ashland Partners & Co. LLP, our independent verifier, completed its examination of the firm’s performance returns for the period of 1999 (inception) through December 31, 2016.

Additional Disclosures:
The specific securities identified and described do not represent all of the securities purchased, sold, or recommended for advisory clients and the reader should not assume that investments in the securities identified and discussed were or will be profitable.
A list of all purchases and sales made over the last 12 months is available upon request.

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