DISCLAIMER

The background information, market assessments and securities analyses that Boersen Post publishes on its websites and in its newsletters constitute neither an offer to sell the quotations discussed nor a solicitation to buy or sell securities. The statements are based on sources that the publisher considers trustworthy. Nevertheless, liability for financial losses that may possibly result from relying on the statements or the stock discussions for one’s own investment decision is categorically excluded. We point out that stock investments are without exception associated with risk. Any transaction involving warrants, leverage certificates or other financial products carries even extremely high risks. Due to political, economic or other changes, significant price losses may occur, in the worst case the total loss of the capital invested. With derivative products, the probability of extreme losses is at least as high as with small cap stocks, whereby even the large domestic and foreign equities can suffer severe price losses up to total loss. Any liability claim, including for foreign stock recommendations, derivatives and fund recommendations, is therefore excluded without exception. Before any investment decision you should obtain further advice (e.g. from your bank or an advisor you trust). Although the assessments and statements contained in the analyses and market assessments of Boersen Post have been prepared with appropriate care, we assume no responsibility or liability whatsoever for errors, omissions or incorrect information. This also applies to all representations, figures and assessments expressed by our interview partners in the interviews.

All statements made in the present reports, other than historical facts, should be understood as forward-looking statements that, due to considerable risks, may well not come true. The author’s statements are subject to uncertainties that should not be underestimated. There is no certainty or guarantee that the statements made will actually occur. Therefore, readers should not rely on the statements of Boersen Post and buy or sell securities solely on the basis of reading the report. Boersen Post is not a registered or recognized financial advisor. All present texts, in particular market assessments, stock evaluations and chart analyses, reflect the personal opinion of the editor, which is covered by Article 5 of the German Basic Law, and may by no means be construed as investment advice. These are therefore purely individual opinions with no claim to a balanced penetration of the subject matter. Before investing in securities or other investment opportunities, everyone should consult a professional investment advisor and ask whether such an investment makes sense or whether the risks are too great. Boersen Post assumes no responsibility for the accuracy and reliability of the information and content contained in the reports or on our website, distributed by Boersen Post or accessible via hyperlinks from Boersen Post (hereinafter referred to as the Service). The reader hereby affirms that they use all materials and content at their own risk and that Boersen Post assumes no liability. Boersen Post reserves the right to modify, improve, expand or remove the content and materials provided on the pages of Boersen Post without notice. Boersen Post expressly excludes any warranty for Service and materials.

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Disclosure of interests:

The recommendations, interviews and company presentations published on the websites of Boersen Post serve, without exception, promotional purposes and are paid for by the respective companies or so-called third parties. For this reason, however, the independence of the analyses must be called into question. By definition, these are merely information.

This also applies to the stock recommendations currently published on the website. The preparation and distribution of the reports was commissioned by the respective companies or by circles close to the companies and remunerated for a fee. According to law, this establishes a conflict of interest, which we hereby expressly point out.

Boersen Post and/or companies affiliated with it have entered into a fee-based agreement with the companies in question or with their shareholders for the preparation of the editorial discussions. According to law, this establishes a conflict of interest, which we hereby expressly point out.

We hereby point out that the clients (third parties) of the publications of Boersen Post hold, at the time of publication, shares in securities/equity holdings of the companies discussed within the respective publications. There is the intention, in direct connection with this publication, to sell these securities and to participate in rising prices and turnover, or to purchase further securities at any time. Boersen Post consequently acts in cooperation with, and on the paid mandate of, further persons who, for their part, hold significant stock positions. According to law, this establishes a conflict of interest, which we hereby expressly point out.

The publications of Boersen Post should therefore not be regarded as independent financial analyses or even investment advice, since considerable conflicts of interest exist. The prices for the discussed securities stated in the respective publications of Boersen Post Media Relations Publishing are, unless otherwise indicated, closing prices of the last trading day before the respective publication.

Because other research houses and stock newsletters also discuss the value, a symmetrical generation of information and opinion occurs during this period.

Of course, it must be noted that the securities presented here are listed in the highest conceivable risk class for stocks. The companies still have no revenues and are at early stage level, which is at the same time appealing and risky. The financial situation of the companies is still in deficit, which significantly increases the risks. Capital increases that become necessary could also lead to short-term dilution effects that may be to the detriment of investors. If the companies do not succeed in opening up further sources of finance in the coming years, insolvency and a delisting could even threaten.

There is no guarantee that the forecasts of the experts and of the management will actually come true. Thus these stocks draw a bill on the future. As with any micro cap, there is also here the danger of total loss if the high expectations of the management cannot be realized in the foreseeable future. Therefore these securities serve only as a dynamic addition within an otherwise well-diversified portfolio. The investor should follow the news situation closely and have the technical prerequisites for trading in penny stocks. The market tightness typical of the segment causes high volatility. My recommendations are aimed only at experienced professional traders and not, for example, at inexperienced investors and LOW-RISK investors.

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