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 listings discussed nor a solicitation to buy or sell securities. The statements are based on sources that the publisher deems 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 is even associated with extremely high risks. Due to political, economic or other changes, significant price losses, in the worst case the total loss of the capital deployed, can occur. 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 equity values can suffer severe price losses up to total loss. Any liability claim, also 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 house bank or an advisor you trust). Although the assessments and statements contained in the analyses and market assessments of Boersen Post were prepared with appropriate care, we assume no responsibility or liability whatsoever for errors, omissions or incorrect information. This applies equally to all representations, figures and
assessments expressed by our interview partners in the interviews.

All statements expressed in the present reports, other than historical facts, should be understood as forward-looking statements which, 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 must by no means be construed as investment advice. These are therefore purely individual views without any 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 located in the reports or on our website, distributed by Boersen Post or reachable via hyperlinks from Boersen Post (hereinafter referred to as the Service). The reader hereby affirms that he uses all materials and content at his 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. These are by definition only
information.

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

We hereby point out that the clients (third parties) of the publications of Boersen Post hold shares in securities/stock holdings of the companies discussed within the scope of the respective publications at the time of publication. 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 accordingly acts in cooperation with and on the basis of a paid commission from further persons who, for their part, hold significant stock positions. According to law, this establishes a
conflict of interest, to which we hereby expressly point out.

The publications of Boersen Post should therefore not be regarded as independent financial analyses or even investment advice, as 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 stock, a symmetrical generation of information and opinion occurs during this period.

Of course, it should be noted that the securities presented here are listed in the highest conceivable risk class for stocks. The companies as yet show no revenues and are at early stage level, which is at once 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 can be to the detriment of investors. If the companies do not succeed in tapping further sources of finance in the coming years, even insolvency and a delisting could threaten.

There is no guarantee that the forecasts of the experts and the management will actually come true. Thus these stocks issue a bill on the future. As with every micro cap, here too there is the danger of total loss if the high expectations of the management cannot be realized in the foreseeable future. Therefore these stocks serve only as a dynamic admixture in an otherwise well-diversified portfolio. The investor should follow the news situation
closely and have the technical prerequisites for trading in penny stocks. The segment-typical market tightness 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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