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 quoted securities 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 result from relying on these statements or stock discussions for one’s own investment decision is categorically excluded. We point out that share investments are, without exception, associated with risk. Any transaction in warrants, leveraged certificates or other financial products carries even extremely high risks. As a result of political, economic or other changes, substantial price losses can occur, in the worst case a total loss of the capital invested. With derivative products the probability of extreme losses is at least as high as with small-cap shares, whereby even large domestic and foreign equities can suffer severe price losses up to total loss. Any claim for liability — including for foreign stock recommendations, derivatives and fund recommendations — is therefore excluded without exception. Before any investment decision you should seek further advice (e.g. from your bank or an advisor you trust). Although the assessments and statements contained in Boersen Post’s analyses and market assessments have been prepared with reasonable care, we accept no responsibility or liability for errors, omissions or incorrect information. This applies equally to all representations, figures and
assessments expressed by our interview partners.

All statements made in the present reports, other than historical facts, should be understood as forward-looking statements which, due to significant 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. Readers should therefore not rely on the statements of Boersen Post and should not buy or sell securities solely on the basis of reading the report. Boersen Post is not a registered or recognised financial advisor. All texts presented here, 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 must by no means be interpreted as investment advice. They are therefore purely individual views with no claim to a balanced examination 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 accepts 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 the Service). The reader hereby affirms that they use all materials and content at their own risk and that Boersen Post accepts 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 the 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 and paid for by the respective companies or by circles close to the companies. According to law this constitutes a conflict of interest, to which we hereby expressly draw attention.

Boersen Post and/or companies affiliated with it have entered into a paid agreement with the companies in question or with their shareholders for the preparation of the editorial discussions. According to law this constitutes a conflict of interest, to which we hereby expressly draw attention.

We hereby point out that the clients (third parties) of Boersen Post’s publications hold, at the time of publication, shares in securities / stock holdings of the companies discussed in the respective publications. There is an intention to sell these securities in direct connection with this publication and to participate in rising prices and turnover, or to buy further securities at any time. Boersen Post therefore acts in cooperation with, and on the paid instruction of, other persons who themselves hold significant share positions. According to law this constitutes a
conflict of interest, to which we hereby expressly draw attention.

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

Because other research houses and stock newsletters also discuss the security, 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 shares. The companies do not yet have any revenue and are at an early-stage level, which is both appealing and risky. The financial situation of the company 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 fail to tap further sources of finance in the coming years, insolvency and a delisting could even be threatened.

There is no guarantee that the forecasts of the experts and management will actually come true. These shares thus represent a bet on the future. As with any micro cap, there is also the danger of total loss here if management’s high expectations cannot be realised in the foreseeable future. Such securities therefore serve only as a dynamic admixture in an otherwise well-diversified portfolio. The investor should follow the news flow
closely and have the technical prerequisites for trading in penny stocks. The market tightness typical of this segment causes high volatility. My recommendations are aimed only at experienced professional traders and not at inexperienced investors or LOW-RISK investors.

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