Teop in the German Board just mentioned that IBK had about 30% in the PO (~3,7 Mio CAD), which would not conform with the 10% only to Canadians.

That would also mean whoever participated in the US has only less than 7-8 Mio invested, since a lot of retail got some stock as well (like Mazan and RTV, if I remember correct).

So a cheap takeover would require more stock. But being convinced may also look different. Using the short numbers as source of information the "sophisticated Investors" got their stock really for free, as as per IBK they didn't short the stock.

So taking all the shares for free via shorting / the stock down to earth, makes the Instis really looking more sophisticated in terms of the stock market than our management.

So management, please use your tech skills and get the products ready and the revenue stream started. Market isn't your strength - too bad for longs.

http://www.ibkcapital.com/financings