The Stock Market Is a Terrible Idea

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KmikeyM publicly-traded person

Transcript of The Stock Market Is a Terrible Idea

KmikeyMpublicly-traded person

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iPhone 6 or iPhone 6+?Republican or Democrat?Mexico or Hawaii?Beard or Clean-shaven?Vasectomy or not?Exclusive relationship or keep dating?

iPhone 6 or iPhone 6+?Republican or Democrat?Mexico or Hawaii?Beard or Clean-shaven?Vasectomy or not?Exclusive relationship or keep dating?

INVESTING IN THE STOCK MARKET IS A TERRIBLE IDEA**unless you’re a professional investing other people’s money

COMPLEXITY

Derivatives

Collateralized debt obligation Credit default swaps

ForwardsFutures

Mortgage-backed securitiesOptions

Structured asset-backed securityTranches

Spot contractBlack-Scholes model

Counterparties exchangeCoupon

Lock products

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

Certificate № 430 For one Share(s)

Issued to

Dated ,

№ 430 Shares one

KmikeyM

This Certifies that is the registered holder of one Shares of the Capital Stock transferable only on the books of the Corporation by the holder hereof in person or by Attorney upon surrender of this Certificate properly endorsed.

In Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal is to be hereunto affixed this day of , A.D. .

RISK

BORING

PennTex Midstream Partners LP is a growth-oriented master limited partnership focused on owning, operating, acquiring and developing midstream energy infrastructure assets.

The midstream natural gas industry is the link between the exploration and production of natural gas and the delivery of the natural gas and its other components to industrial, commercial and residential users. PennTex creates value at various stages along the natural gas value chain by gathering and processing natural gas and natural gas liquids for delivery to transmission lines and ultimately the end-markets.

PennTex partners with customers to offer treating, gathering, processing, residue gas transmission and liquids take away solutions tailored to each customer’s specific needs, including integration with existing infrastructure.

PennTex’s Parent, PennTex Development (PennTex Midstream Partners, LLC) was founded in January of 2014 by Thomas F. Karam, CEO, Robert O. Bond, COO and Steven R. Jones, CFO with a substantial equity commitment from Natural Gas Partners (NGP) to develop a multi-basin midstream growth platform, initially focused on organic growth projects in partnership with oil and natural gas producers affiliated with NGP.

COMPLEXITYRISKBORING

OIO

CHROMA

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INVESTING IN A LOCAL STOCK MARKET IS A WONDERFUL IDEA*

*unless you’re a professional investing other people’s money