It means saying: “A claim on oversubscription does not exist”. An investor can attend higher so only to the extent of the capital increase, when others don’t. Overall, just a capital increase is to be decided by 23.7 million. The foregoing statement signals but, that participation in the capital increase corresponding to the previous participation with 20.000,00 x 12% = 2.400,00 to forecast recoveries by 2.400,00 x = 255% 6.120,00 will lead, which the investor is still at the end of the scheduled period loss by 11.740,00. /. 6.120,00 = 5.620,00 to complain about will have, what accounts for 28.1% of his original stake.

According to investor lawyer Mahmud, there is likely little according to these calculations Make sense in the capital with more than the amount of the previous distributions (after presentation of the company 4.41%) to participate. Therefore not clear enough that could be pointed out, that the Treuhand limited partner although a consent to the financing concept recommends that participation but only to the extent of previous payout. The Advisory Committee does not notice what cheers among the Board of Directors? The question whether and, where appropriate, why not the Advisory Board has worked, to such a way that there is at least the chance to receive the previous participation for the shareholders the rehabilitation arises from the perspective of investors. That by taking part in a capital increase to 12% loss is limited by currently about 43% to “only” have about 28% seems to have escaped the Advisory Board; in his – agreeing to! -Opinion these considerations do not arise. May the management ask the questions of the investors? In addition is also uncomfortable striking from point of view of the investor attorneys, why the Executive Board shuns a presence event of the society and proposed a decision on the financing concept in the written circulation procedure.