artefactory/ledger-market-sentiment huggingface dataset:
# To the Stockholders of Range Resources Corporation

_Source: `DeepSeekOCR_Ardian_pruned_1k/energy-oil-gas-e-p/NYSE_RRC_2022/NYSE_RRC_2022.mmd` · pages 75-81_

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To the Stockholders of Range Resources Corporation:

Management is responsible for establishing and maintaining an adequate system of internal control over financial reporting (as defined in Rule 13(a)-15(f) under the Securities Exchange Act of 1934, as amended). Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and presentation of consolidated financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements and even when determined to be effective, can only provide reasonable assurance with respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that the internal controls may become inadequate because of changes in conditions or because the degree of compliance with the policies or procedures may deteriorate.

Management assessed the effectiveness of our internal control over financial reporting as of December 31, 2022. In making this assessment, which was conducted under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control – Integrated Framework (2013). Based on our assessment, we believe that, as of December 31, 2022, our internal control over financial reporting was effective based on those criteria.

Ernst and Young LLP, our independent registered public accounting firm, audited our financial statements included in this annual report and has issued an attestation report on our internal control over financial reporting as of December 31, 2022. Their report appears on the following page.

By: /s/ JEFFREY L. VENTURA

Jeffrey L. Ventura

Chief Executive Officer and President

Fort Worth, Texas

February 27, 2023

By: /s/ MARK S. SCUCCHI

Mark S. Scucchi

Executive Vice President and Chief Financial Officer
# From the CEO

_Source: `DeepSeekOCR_Ardian_pruned_1k/energy-oil-gas-equipment-services/NYSE_FTK_2017/NYSE_FTK_2017.mmd` · pages 3-9_

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From the CEO:

# LETTER TO
SHAREHOLDERS

![](images/3_1.jpg)

In 2017, Flotek embarked on and completed a significant transformation. In a year marked by a rebounding—yet volatile—oil and gas market, disruption in the citrus supply due to Hurricane Irma and ongoing citrus greening disease, we strategically realigned the organization to focus on our core business. Through it all, we remained disciplined and focused on fortifying our foundation. As we transition into 2018, Flotek is well positioned and financially sound to weather any environment going forward – a truly sustainable business built for the future. Today, we stand as an asset-light, specialty chemistry technology company that seeks to work closely with our clients in the energy, consumer & industrial and flavor & fragrance industries. Looking ahead to 2018, we will mark our first year as a public Company with this as a sole focus.
# To Our Valued Shareholders

_Source: `DeepSeekOCR_Ardian_pruned_1k/energy-oil-gas-equipment-services/NYSE_HAL_2020/NYSE_HAL_2020.mmd` · pages 2-8_

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To Our Valued Shareholders:

April 6, 2021

![](images/2_0.jpg)

Jeffrey A. Miller
Chairman of the Board,
President and Chief Executive Officer

On behalf of our Board of Directors, we are pleased to invite you to the Halliburton Company Annual Meeting of Shareholders. The meeting will take place at the Life Center on Wednesday, May 19, 2021, at 9:00 a.m. Central Daylight Time.

At Halliburton, we look to the future with optimism and focused on innovation. Our execution culture and core values guided us through the most difficult environment we have experienced in our more than 100-year history. We applaud our employees who delivered historic bests in all key safety and service quality metrics despite the global pandemic and market downturn. Because of their dedication, we never stopped serving our customers around the world while keeping each other's well-being a primary focus.

By executing on our key strategic priorities, we turned what were once-in-a-lifetime challenges into extraordinary opportunities that reset Halliburton's earnings power. We are a global integrated oilfield services company with a strong international portfolio and a leading position in the North American market. Building on this successful foundation, we will help our customers satisfy the world's need for affordable and reliable energy provided by oil and gas, in a more effective, efficient, safe, and ethical manner, while minimizing environmental impact. We stand firm in our commitment
"At Halliburton, we look to the future with optimism and focused on innovation."

to collaborate and engineer solutions to maximize our customers' asset value and to deliver industry-leading returns and strong free cash flows for our shareholders.

Your vote and the representation of your shares are important. Please review the proxy materials for detailed information on the proposals presented this year. We hope you will vote as soon as possible. If you attend the meeting, you may vote in person even if you have previously voted.

Thank you for your ongoing support of and continued interest in Halliburton. We look forward to seeing you at our Annual Meeting.

Sincerely,

![](images/2_1.jpg)

Jeffrey A. Miller
Chairman of the Board,
President and Chief Executive Officer
# Dear Valued Shareholder

_Source: `DeepSeekOCR_Ardian_pruned_1k/real-estate-reit-mortgage/NASDAQ_LOAN_2017/NASDAQ_LOAN_2017.mmd` · pages 1-7_

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Dear Valued Shareholder,

2017 was an important year for Manhattan Bridge Capital. We successfully continued growing even in the face of intense competition in a market-place saturated with cash. Our robust sales and marketing network performed well and provided the needed deal flow in order to support our desired growth rate. Due to our solid loan portfolio, and lack of collection issues, our existing bank was willing to increase the size of our credit line.

As we started year 2018, we believe that we are poised to continue growing on all fronts and hope to again increase the cash dividend paid to stockholders. As a real estate investment trust (REIT), we distribute at least 90% of our earnings to our stockholders. As reported in our quarterly report for the first quarter of 2018, our revenue increased 25.2%, and net earnings increased 24.0% compared to the prior year first quarter.

The competitive environment did not impact our criteria. We continue to insist on a first mortgage position on real estate properties in the New York Metro area as collateral as well as require a personal guaranty, while looking for short term loans of up to $2 million to professional real estate investors and developers. We never lend against owner occupied properties. We are also concerned about concentration, so no single borrower represents more than 10% of our loan portfolio. At December 31, 2017, there were about 120 active loans. The most common deal types are fix and flip, small income producing and small new construction projects.

In order to ensure continued growth, and keeping in line with our expectation for the potential increase in working capital to achieve such growth, we believe we may need additional cash. Historically, we've raised cash through the following methods: a warehouse line of credit from our bank, trading bonds, issuing additional shares and borrowing from other lenders. We're very sensitive to our cost of money and dilution. Therefore, we've always been very firm with respect to interest rates we were willing to pay as well as the price at which we were willing to sell our stock. Further, historically, when we felt that our stock price was not reflective of our true value, we initiated a stock buy-back program and purchased some of our shares at the open market.

I believe that my personal commitment to the Company is higher than normal standards. For example, have I personally guaranteed the Company's line of credit, in some cases I personally purchased shares of the Company's common stock in the open market and I personally participated in the 2016 bond offering.

I would like to end this letter with a sense of gratitude and pride to our devoted and dedicated team of employees, legal team and the third party professionals who are working with us and contributing to our success. I would also like to express my appreciation to our stockholders for their trust and belief in us.

Best Regards,

___

Assaf Ran, Chairman & CEO

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## Forward Looking Statements
# Dear Valued Shareholder

_Source: `DeepSeekOCR_Ardian_pruned_1k/real-estate-reit-mortgage/NASDAQ_LOAN_2018/NASDAQ_LOAN_2018.mmd` · pages 1-7_

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Dear Valued Shareholder,

Our challenge for 2018 was to continue to grow further while avoiding the new loose standards set by some of our competitors. Thanks to our solid position in the market-place as well as our strong reputation, we managed to achieve that goal. I am proud to present to you another year of record high revenue, record high net earnings of $0.48 per share and no loan defaults.

During 2018, the "Hard Money" industry attracted new hedge-fund capital seeking higher yields. The new source of capital created an even more competitive environment in an already less robust market. These factors led to a reduction in the rates and fees charged by lenders in the market place, and we felt we had no choice but to adjust our rates and fees in order to stay competitive. For example, during 2017 we could comfortably charge 12-13% annual interest, while in 2018 the interest rate dropped to 10-11%. We also reduced our other fees that we charge borrowers, however, not as dramatically as the drop in interest rate.

Our solution to the new market conditions was to increase the size of our loan portfolio. As always, risk management was our first priority so that we could maintain a clean track-record of no loan defaults. In order to execute on our solution, we increased our line of credit by \(5 million to \)25 million. I once again demonstrated my trust in the strength of our portfolio and my devotion to the company and extended my personal limited guaranty on this credit line. In addition, we completed a follow-on common stock offering and raised an additional \(10.8 million at a gross price of \)7.00 per share. In order to reflect our gratitude to our existing stock holders, we were determined to price and sell these shares at a higher price than our previous offering. We believe that the additional $15.8 million in additional available capital is sufficient at this point to achieve our current goals.

Due to the recent tax reform, interest rate increases and political unrest, there is a sense of uncertainty in the New York metropolitan real estate market. We believe that real estate prices will continue to decline before they will rise again. Therefore, we aim to work with professional investors and insist on borrower's providing a personal guaranty, and we generally prefer to make loans in smaller and quicker deals rather than complicated development projects. Of course, as always we conduct our underwriting responsibly and carefully.

Thank you for your interest in Manhattan Bridge Capital.

Assaf Ran,

Chairman & CEO
# Dear Shareholders

_Source: `DeepSeekOCR_Ardian_pruned_1k/real-estate-reit-mortgage/NASDAQ_LOAN_2019/NASDAQ_LOAN_2019.mmd` · pages 1-7_

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Dear Shareholders,

I hope that this letter finds you and your loved ones healthy and well. From the intensity of the current events and market conditions, 2019 seems like the distant past, and the challenges we dealt with last year seem like a piece of cake versus what we are dealing with today. As you may recall, I anticipated a recession for some time. Money was too easy and too available in recent years, and our competition kept loosening underwriting standards and lowering interest rates.

In order to stay competitive, we lowered our rates from approximately 12% annually plus initiation fees to approximately 9-10%. However, I believe that we did not compromise our underwriting standards. The rate drop slowed our growth, but as we increased the line of credit with our banks (where I provided a personal guarantee again) and extended it to February 2023, I hoped to revive our growth.

2019 was another year of no defaults, and we maintained our \(0.12 quarterly and \)0.48 annual dividend from 2018. Yet in order to offset the lost income due to the reduction in interest rates, I forfeited two months of my salary (November and December 2019), and also asked the Compensation Committee not to award me an annual bonus.

Real estate markets were uncertain in the New York metropolitan area even before the recent crisis. Yet we managed to make the right decisions and experienced a healthy turnover of our capital. Despite the challenging markets, the average length of our loans declined, and our cash flow was strong.

We did not conduct any capital raises during 2019 as we try to only issue new shares at a higher price than the previous offering. Rather, we bought back shares both in 2019 and 2020 through our Board approved share buy-back programs.

As we face the new challenges that derive from COVID-19, we benefit from our low equity to debt leverage ratio, our strong personal relationships with the borrowers and what we believe to represent safe loan-to-value in our loan portfolio. The current crisis is unprecedented, and although I feel that our portfolio is strong and will prevail, we may face issues that we never faced before. At this point, unlike other REITs, we did not see a reason to pause the dividends.

I highly appreciate your trust, and rest assured that I align your interest with my own.

Stay safe,

Assaf Ran

Chairman & CEO
# Fellow Shareholders

_Source: `DeepSeekOCR_Ardian_pruned_1k/real-estate-reit-mortgage/NASDAQ_LOAN_2020/NASDAQ_LOAN_2020.mmd` · pages 1-7_

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Fellow Shareholders,

I hope that you and your loved ones are well and safe. Who would have imagined that this crisis will still be dominating our lives in 2021? The scale of challenges in 2020 was unprecedented and it was a reality test for our mechanisms and system; yet, due to our conservative underwriting and disciplined loan policies, we prevailed and continued delivering an impressive performance, on-time cash dividends and increased shareholders' value.

Our exceptionally low debt-to-equity ratio proved once again to be beneficial in facing challenges in rough times. The low cost of money relative to many of our peers is possible due to the impressive track record of no defaults ever, and the outstanding personal commitment of our management. The two most significant examples for that are my personal guaranty on the company's $32,500,000 line of credit, and the occasional personal stock purchases by our directors and officers. We also control our expenses and run our operations efficiently and therefore demonstrated a 13.2% return on equity and a 7.1% return on assets in 2020.

Our board of directors is highly qualified, actively involved and frequently updated. Our directors have approved stock buy-back programs a number of times since our IPO in 1999. We believe that the best investment is often the investment in our own company, and have taken opportunities to buy back shares at a dip, when markets were experiencing panic and a significant drop in prices. This practice helped to stabilize the stock price and enhanced shareholders' value.

As an essential business, we continued operating during the shutdown. While our hard-working team worked partly from home and partly from the office, we made sure to service our loans and borrowers flawlessly and continued generating new deal flow. We are now completely back to in-office work, and of course, religiously complying with all safety laws and requirements.

While future economic conditions remain uncertain, and as inflation or a recession may occur, we, as always, are committed to responsibly deploying our funds to what we believe to be low-risk, short-term real estate finance opportunities led by professional and responsible real estate investors and personal guarantors.

I believe that the beginning of 2021 reflects buds of optimism. Deal flow is now almost back to normal. Most of our loans are secured by first mortgages on 1-4 family houses located outside of Manhattan, an asset that has actually appreciated in value recently.

As the founder and the largest shareholder of the company, I would like to express my appreciation for your trust and your investment in the company. Be assured that I align the interest of each and every one of you with my own.

Stay Safe,

Assaf Ran

Chairman & CEO

![](images/1_0.jpg)
# Fellow Shareholders

_Source: `DeepSeekOCR_Ardian_pruned_1k/real-estate-reit-mortgage/NASDAQ_LOAN_2021/NASDAQ_LOAN_2021.mmd` · pages 1-7_

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Fellow Shareholders,

When I founded Manhattan Bridge Capital in 1989, immediately after arriving in NYC from Israel, I didn't imagine that the company would grow to become a leading Hard Money Lender in the New York Metropolitan area and in Florida, and operate as a mortgage real estate investment trust (REIT).

We went a long way from starting in a basement in Flushing, Queens. I was 24 years old then and the company's sole owner. Through the years I maintained my position as the largest shareholder of the company. Yet, I always strive to put your interests before my own. Here are a few examples that demonstrate that: I have bought shares in the open market frequently since we started trading on Nasdaq in 1999, I have asked our compensation committee to halt my salary and bonuses on several occasions when I sensed that the company would need additional liquidity, I continue to extend my personal guarantee to the company's line of credit and when we issue new shares to the market, I only support the transaction when the price is higher than the previous offering.

Being the largest shareholder, the CEO and the Chairman of the Board is a significant responsibility that I'm honored to take on. Therefore, I'm personally involved in every loan we make in order to verify that risk is at a low level. I believe that practice, together with many other safety measures, are the reasons that we have experienced no defaults since the beginning of this line of business over 16 years ago. I care about the value of our stock and I see you as my partners.

2021 was a year of recovery as Covid-19 started to subside. Interest rates declined and in order to stay competitive in a cash-saturated environment, we lowered our fees. Yet, the follow-on stock offering we closed in July 2021 at \(7.20 (highest ever) helped restore our net earnings per share to \)0.12 in the first quarter of 2022, as well as increased book value per share to near an all-time high.

I believe that having a low equity to debt ratio, an impressive track record of no defaults, and a significant management commitment makes us an unusual investment opportunity. In addition, we established a stock buy-back program and in the past have purchased stock in the open market in many cases where we believed that repurchasing the stock was benefitting shareholders.

I hope to see you at the annual stockholders' meeting on June 14, 2022.

All the best,

Asaf Ran

Assaf Ran

Chairman & CEO
# Fellow Shareholders

_Source: `DeepSeekOCR_Ardian_pruned_1k/real-estate-reit-mortgage/NASDAQ_LOAN_2022/NASDAQ_LOAN_2022.mmd` · pages 1-7_

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Fellow Shareholders,

2022 was a stormy year, yet we managed to operate above the weather. We earned a company record $5.2 million of net income and avoided losses that we believe were common for other hard money lenders throughout this rough period.

At the beginning of the year we charged our borrowers around 9% interest plus initiation fees, and at the end of the year the interest charged to our borrowers was approximately 11.5% to 12% plus initiation fees, an increase of 2.5% to 3%. However, interest paid to our bank for the funds drawn against our line of credit increased by approximately 4.5%, from approximately 4% to approximately 8.5%. That significant increase prevented us from reaching a net earning of more than $0.45 per share, and therefore, in order to try to match net earnings with our dividends, we recently announced a quarterly dividend of $0.1125 (possibly reflecting $0.45 for the year) for the first quarter of 2023.

Most importantly, while many real estate investors are struggling with higher mortgage interest rates and slower pace in sales, we took no losses in 2022. I believe that's a reflection of good underwriting policies and disciplined practices — for me that's the highest priority.

Another indicator for the strength of our loan portfolio, in these uncertain times, is that we just extended the line of credit agreement with our bank for an additional three years. Like before, I personally guarantee this $32.5 million line, as I trust that each and every one of our loans is solid and safe.

Manhattan Bridge Capital's debt-to-equity ratio is extremely low versus its peers'. A significant amount of the money invested in our loans is equity. In fact, unlike most lenders, we're leveraged less than 100% of our equity, and we consider this to be an advantage in a high interest environment.

While we operate in the Tri-state metropolitan New York area and in south Florida, the vast majority of our loans are against real estate properties located in the five boroughs of New York City and Long Island, where based on past experience, we believe the real estate markets are more resilient during a slow economy.

I'd like to express my appreciation for your trust in our management. Rest assured that we place you in first priority before making any decision.

I wish you all a safe and prosperous 2023.

All the best,

A

Assaf Ran

Chairman & CEO

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## FORWARD-LOOKING STATEMENTS
# Dear stockholder

_Source: `DeepSeekOCR_Ardian_pruned_1k/real-estate-reit-mortgage/NYSE_MITT_2017/NYSE_MITT_2017.mmd` · pages 2-8_

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Dear stockholder:

You are cordially invited to attend the 2018 annual meeting of stockholders of AG Mortgage Investment Trust, Inc., which will be held on Wednesday, May 2, 2018 at 10:00 a.m., Eastern Time, at the offices of Angelo, Gordon & Co., L.P. ("Angelo, Gordon"), located on the 25 \( ^{th} \)  Floor of 245 Park Avenue, New York, New York 10167. Details of the business to be presented at the meeting can be found in the accompanying Notice of Annual Meeting of Stockholders and Proxy Statement.

Pursuant to rules adopted by the Securities and Exchange Commission, we have provided access to our proxy materials over the Internet. Accordingly, we are sending a notice regarding the Internet availability of proxy materials ("Notice") on or about March 20, 2018 to our stockholders of record on March 7, 2018. The Notice and Proxy Statement contain instructions for your use of this process, including how to access our proxy statement and annual report over the Internet, how to authorize your proxy to vote online and how to request a paper copy of the proxy statement and annual report if you so desire.

If you are unable to attend the meeting in person, it is very important that your shares be represented and voted at the annual meeting. You may authorize your proxy to vote your shares over the Internet as described in the Notice and Proxy Statement. Alternatively, if you received a paper copy of the proxy card by mail, please complete, date, sign and promptly return the proxy card by mail so that your shares may be voted. You may also vote by telephone as described in your proxy card. If you vote your shares over the Internet, by mail or by telephone prior to the annual meeting, you may nevertheless revoke your proxy and cast your vote personally at the meeting.

On behalf of the board of directors, I extend our appreciation for your participation and continued support.

Sincerely,

David N. Roberts

Chief Executive Officer