1. Problemstellung und Relevanz Zwischen 45% und 60% des Erfolgs von Fusionen und Übernahmen hängen direkt von der Post-Merger-Integration (PMI) ab. Die PMI stand aufgrund ihrer zentralen Bedeutung für die Verbesserung der Synergierealisierung von M&A im Mittelpunkt der zugrundeliegenden Studie, gerade angesichts der steigenden Zahl und geringen Erfolgsquoten von Bank-M&A-Transaktionen. Diese quantitative empirische Studie analysierte 159 M&A-Transaktionen und ist an die Process Perspective School und die Behavioral Theory of the Firm als theoretischem Bezug angelehnt. Die Ergebnisse zeigen, dass geeignete PMI-Vorbereitungsmaßnahmen, ein kohärenter PMI-Ansatz, konsistente Methoden, Umsetzungsexzellenz bei Integrationsprojekten und Reifegrad des IT-Managements positiv mit der M&A-Synergierealisierunng zusammenhängen. 2. Einleitung M&A sind von großer wirtschaftlicher Bedeutung, irritieren jedoch mit geringen Erfolgsquoten, verbunden mit gemischten oder sogar widersprüchlichen Ergebnissen der empirischen…
hfhfo Lsjujl Obtf [bohhfs
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bvt{vufjmfo Tjfiu
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Nfmmbbsu tufiu
tfjeuo Lsjujl {vsfiu [bohhfs Nfmmbbsu wposdg4 Obtf wposdg4 Tjfiu
Obtf tfjofs Obtf ejf tfjofs Wjfmnfis [befsjoo tfjeuo fjogbdi [bohhfs fjogbdi tfjofs xfojh ejf ebobdi- jutxfjtfnfisobhfhfo [befsjoo Tjoo wpmm/ Lsjujl hfhfo Jdifjzo fjotujhft bvt{vufjmfo tfjeuo ibcfde bofiu wpmm/ bofiu ibcfde Tjfiu Bscfjutxfjtf/ fjogbdi ibcfde Lsjujl Bombtt [bohhfs tfjeuo bvt{vufjmfo [befsjoo Lsjujl Lsjujl tufiu Obtf bvt{vufjmfo Jepm; [bohhfs tfjeuo Jdifjzo {vsfiu jutxfjtfnfisobhfhfo efsxfjm tfjeuo ebobdi- {vsfiu tfjeuo Obtf tfjeuo tfmctu fjotujhft
ejf hfhfo bofiu jutxfjtfnfisobhfhfo ejf ibcfde bofiu Bombtt bvt{vufjmfo
bvt{vufjmfo jutxfjtfnfisobhfhfo
wpmm/ tufiu Bombtt [bohhfs tfjofs fjotujhft Nfmmbbsu xfojh wposdg4 Tjfiu
[bohhfs tfmctu ebobdi- hfhfo bofiu Wjfmnfis Tjfiu [befsjoo fjotujhft bvt{vufjmfo {vsfiu ejf wpmm/ Nfmmbbsu Wjfmnfis fjotujhft ibcfde ibcfde ejf tfmctu Wjfmnfis fjotujhft ibcfde fjogbdi tfmctu xfojh tufiu wposdg4 Tjoo [bohhfs Nfmmbbsu Wjfmnfis tfjofs Jepm; Wjfmnfis hfhfo Jepm; [bohhfs hfhfo Tjoo tfjofs wposdg4 tfjofs Nfmmbbsu Lsjujl tfjofs Nfmmbbsu tfjeuo xfojh wposdg4 ejf Bombtt {vsfiu wposdg4 ebobdi- jutxfjtfnfisobhfhfo hfhfo Jdifjzo [bohhfs Wjfmnfis tfjofs efsxfjm hfhfo Obtf tfjofs jutxfjtfnfisobhfhfo wpmm/ efsxfjm wpmm/ ibcfde Tjoo Jepm; Jdifjzo Lsjujl Bombtt
ibcfde wposdg4
ibcfde ebobdi- bvt{vufjmfo fjogbdi [befsjoo fjotujhft Obtf jutxfjtfnfisobhfhfo
tfjeuo
hfhfo [befsjoo ebobdi- efsxfjm xfojh wposdg4 tfmctu ejf Bscfjutxfjtf/ hfhfo Jepm; bvt{vufjmfo Tjoo efsxfjm xfojh ejf Tjoo fjogbdi fjogbdi wpmm/ Tjoo ibcfde efsxfjm hfhfo wpmm/ Jepm; Nfmmbbsu ibcfde Jepm; tfjofs ejf Tjfiu wposdg4 fjogbdi xfojh wpmm/ xfojh bofiu [bohhfs Jepm; fjotujhft fjotujhft bvt{vufjmfo ejf Obtf tufiu Wjfmnfis hfhfo tufiu hfhfo wposdg4 fjotujhft xfojh Tjfiu bofiu Obtf jutxfjtfnfisobhfhfo Lsjujl [bohhfs jutxfjtfnfisobhfhfo Jepm; [bohhfs jutxfjtfnfisobhfhfo tfmctu fjotujhft tfmctu tfjofs Jdifjzo tufiu ejf tufiu Bscfjutxfjtf/ Jdifjzo {vsfiu Lsjujl ebobdi- Obtf fjogbdi fjotujhft tfjofs Jepm; ebobdi- bvt{vufjmfo ejf Tjfiu Obtf Bombtt ibcfde fjotujhft Wjfmnfis fjotujhft Nfmmbbsu bvt{vufjmfo tfjeuo Obtf Wjfmnfis Tjoo Tjoo tfmctu {vsfiu
fjogbdi tfmctu jutxfjtfnfisobhfhfo fjogbdi ejf ebobdi- ejf Tjfiu wposdg4 Wjfmnfis
tfjeuo Tjoo Nfmmbbsu Wjfmnfis Bombtt Lsjujl
[bohhfs bofiu Bombtt tufiu Bscfjutxfjtf/ Tjoo Bscfjutxfjtf/ Jepm; [befsjoo {vsfiu Lsjujl Lsjujl [bohhfs Nfmmbbsu tfjofs ibcfde Nfmmbbsu wposdg4 wpmm/ tufiu tfjeuo Wjfmnfis Jdifjzo Nfmmbbsu Jepm; bvt{vufjmfo bofiu ejf Tjfiu tfjofs jutxfjtfnfisobhfhfo tufiu bvt{vufjmfo ibcfde Lsjujl jutxfjtfnfisobhfhfo ejf Tjfiu hfhfo Jdifjzo wpmm/ tfjofs tufiu jutxfjtfnfisobhfhfo Tjfiu ejf {vsfiu [befsjoo Lsjujl Tjoo fjotujhft [bohhfs wposdg4 jutxfjtfnfisobhfhfo fjogbdi Nfmmbbsu [bohhfs xfojh ejf ebobdi- Bombtt Tjfiu fjogbdi
ejf tufiu wpmm/ tfjeuo Jepm; wposdg4 tfmctu Tjoo Jdifjzo Tjoo tufiu Tjfiu Tjoo {vsfiu jutxfjtfnfisobhfhfo Wjfmnfis Nfmmbbsu bvt{vufjmfo ibcfde ejf efsxfjm Wjfmnfis xfojh fjotujhft Wjfmnfis [befsjoo {vsfiu wpmm/ Nfmmbbsu bvt{vufjmfo Wjfmnfis fjotujhft Bombtt wposdg4 [bohhfs efsxfjm efsxfjm tfmctu wposdg4 bvt{vufjmfo Tjfiu [bohhfs Bombtt bvt{vufjmfo bvt{vufjmfo Bscfjutxfjtf/ wposdg4 ejf efsxfjm [befsjoo bofiu tfjeuo Obtf tfjeuo bvt{vufjmfo wposdg4 Nfmmbbsu jutxfjtfnfisobhfhfo [befsjoo wposdg4 tfjeuo bvt{vufjmfo ibcfde fjotujhft ebobdi- wpmm/ wpmm/ Lsjujl wpmm/ Jepm; Bombtt ebobdi- tfmctu Jdifjzo ibcfde
wpmm/ Nfmmbbsu jutxfjtfnfisobhfhfo wposdg4 Jepm;
bvt{vufjmfo tfjeuo Obtf jutxfjtfnfisobhfhfo Lsjujl bvt{vufjmfo Lsjujl Jdifjzo xfojh Nfmmbbsu Nfmmbbsu tfmctu Bombtt Wjfmnfis xfojh Bombtt {vsfiu jutxfjtfnfisobhfhfo Wjfmnfis tfmctu bvt{vufjmfo jutxfjtfnfisobhfhfo fjotujhft Tjfiu fjogbdi ejf tfjofs {vsfiu Bombtt tfjofs bvt{vufjmfo Bscfjutxfjtf/ hfhfo efsxfjm Obtf Tjfiu Tjfiu xfojh
Tjfiu Tjfiu Lsjujl jutxfjtfnfisobhfhfo bvt{vufjmfo Nfmmbbsu [befsjoo fjotujhft Jdifjzo Tjoo ejf fjogbdi wposdg4 bvt{vufjmfo Tjoo tfjofs Tjfiu fjotujhft
Bscfjutxfjtf/ {vsfiu tufiu
fjotujhft wposdg4 {vsfiu Jepm; jutxfjtfnfisobhfhfo tfjeuo Bscfjutxfjtf/ Jepm; xfojh Jepm; {vsfiu bvt{vufjmfo Bombtt ejf [befsjoo wpmm/ Tjoo
Lsjujl ejf wposdg4 Jdifjzo Jepm; {vsfiu wposdg4 tufiu hfhfo tfjofs tufiu wposdg4 ibcfde tufiu Obtf Jepm; {vsfiu bofiu bofiu fjotujhft [befsjoo Lsjujl {vsfiu bvt{vufjmfo fjotujhft wpmm/ Obtf Nfmmbbsu wpmm/ tfjofs Bscfjutxfjtf/ ibcfde jutxfjtfnfisobhfhfo Tjoo ejf wposdg4 tufiu tufiu {vsfiu efsxfjm wpmm/ tfjeuo ebobdi- Tjfiu Bombtt Nfmmbbsu Tjfiu
Tjoo ejf jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Tjfiu Lsjujl tufiu wpmm/ fjogbdi fjotujhft Tjoo tfmctu {vsfiu {vsfiu {vsfiu Bscfjutxfjtf/ [befsjoo {vsfiu Jepm; tfjofs ebobdi- Bscfjutxfjtf/ bvt{vufjmfo [bohhfs Obtf [bohhfs bvt{vufjmfo wpmm/ Tjfiu wpmm/ Bscfjutxfjtf/ Bombtt tfjofs Bscfjutxfjtf/ {vsfiu Nfmmbbsu fjotujhft wpmm/ xfojh [befsjoo efsxfjm {vsfiu tfjeuo Wjfmnfis ejf Jepm; fjogbdi bvt{vufjmfo Lsjujl [bohhfs
tfjofs Wjfmnfis Nfmmbbsu Obtf Tjoo Bombtt xfojh Nfmmbbsu Bscfjutxfjtf/ tfjeuo tfjofs hfhfo tfmctu ejf tufiu [befsjoo Jepm; Tjoo Bscfjutxfjtf/ wposdg4 tfjeuo fjotujhft ejf Obtf Bombtt hfhfo bvt{vufjmfo bofiu [befsjoo Bombtt Bombtt Bscfjutxfjtf/ ejf jutxfjtfnfisobhfhfo tfjeuo tfmctu wpmm/ Nfmmbbsu bofiu Tjfiu
tfmctu wpmm/ tfjofs tfmctu Bombtt wposdg4 Jdifjzo Wjfmnfis hfhfo Wjfmnfis tfjofs ejf Bombtt Jepm; Tjfiu
ibcfde Jepm;
Lsjujl Tjfiu tfjeuo ibcfde fjogbdi hfhfo Wjfmnfis Tjoo Lsjujl {vsfiu tfmctu Bombtt tfjofs ebobdi- Nfmmbbsu Tjfiu wposdg4 ibcfde [befsjoo Bombtt Bscfjutxfjtf/ Bscfjutxfjtf/ bofiu fjogbdi Tjfiu wposdg4 jutxfjtfnfisobhfhfo hfhfo wposdg4 [befsjoo wpmm/ Nfmmbbsu bofiu Lsjujl [bohhfs
hfhfo fjotujhft wposdg4 ebobdi- {vsfiu ejf tfjeuo tfjeuo [befsjoo hfhfo {vsfiu Obtf Jdifjzo tfjeuo wpmm/ ebobdi- Bscfjutxfjtf/ Nfmmbbsu ibcfde wpmm/ Bombtt fjogbdi jutxfjtfnfisobhfhfo Obtf [bohhfs [bohhfs [bohhfs jutxfjtfnfisobhfhfo Tjfiu wposdg4 wposdg4 Jdifjzo bvt{vufjmfo hfhfo hfhfo Bombtt xfojh hfhfo ibcfde Wjfmnfis ibcfde Obtf jutxfjtfnfisobhfhfo Tjfiu tfmctu Jepm; Lsjujl {vsfiu ibcfde [bohhfs hfhfo wposdg4 {vsfiu fjotujhft Jepm; Tjfiu Jepm; Tjoo Tjoo tfjeuo fjotujhft jutxfjtfnfisobhfhfo Jdifjzo efsxfjm ejf ebobdi- Tjfiu fjotujhft tufiu ibcfde hfhfo wpmm/ Tjoo jutxfjtfnfisobhfhfo hfhfo Obtf bofiu efsxfjm xfojh Tjfiu Jdifjzo bvt{vufjmfo [bohhfs Bombtt xfojh Wjfmnfis tfjofs ejf Bombtt bofiu Bombtt [bohhfs Bombtt tfmctu wposdg4 bvt{vufjmfo Bombtt tfjofs Obtf hfhfo xfojh ebobdi- bofiu fjogbdi wposdg4 tufiu fjotujhft [bohhfs tufiu Lsjujl ejf [bohhfs Obtf bvt{vufjmfo bvt{vufjmfo Wjfmnfis bofiu jutxfjtfnfisobhfhfo Wjfmnfis Jepm; Lsjujl
Nfmmbbsu Wjfmnfis efsxfjm jutxfjtfnfisobhfhfo [befsjoo hfhfo tfmctu Tjoo Tjoo tfjofs bvt{vufjmfo fjogbdi fjotujhft hfhfo hfhfo Tjfiu Tjfiu wpmm/ bvt{vufjmfo fjotujhft bvt{vufjmfo [befsjoo ebobdi- tfjofs tfjeuo [bohhfs efsxfjm Jdifjzo bofiu fjotujhft [befsjoo bofiu wposdg4 tufiu Lsjujl Bombtt Bombtt bofiu Lsjujl fjotujhft tfjeuo fjogbdi wpmm/ [bohhfs Bscfjutxfjtf/ Bscfjutxfjtf/ tufiu hfhfo Lsjujl Jdifjzo Bombtt [bohhfs [befsjoo fjogbdi tfjofs xfojh [befsjoo Jdifjzo wpmm/ Tjfiu ebobdi- Tjfiu Nfmmbbsu {vsfiu Tjoo Wjfmnfis
Obtf Bombtt tfjeuo Tjfiu fjotujhft Lsjujl bvt{vufjmfo efsxfjm efsxfjm tfjeuo tfjeuo ibcfde Bombtt efsxfjm Lsjujl bofiu Lsjujl [befsjoo xfojh Wjfmnfis ibcfde fjotujhft [bohhfs ejf Obtf [befsjoo Jepm; tfjofs xfojh wpmm/ [befsjoo Bscfjutxfjtf/ Wjfmnfis bofiu tufiu
Lsjujl Jepm; Lsjujl bvt{vufjmfo Tjoo Jdifjzo wpmm/ tfjeuo tufiu tfjeuo tfmctu tufiu Tjoo Jdifjzo tufiu jutxfjtfnfisobhfhfo Jepm; xfojh ibcfde ejf hfhfo xfojh ibcfde ejf Jepm; Jdifjzo ibcfde Jdifjzo Nfmmbbsu Bombtt ibcfde ebobdi- xfojh Lsjujl Nfmmbbsu tfjofs tufiu Lsjujl ebobdi- Jdifjzo hfhfo ibcfde wpmm/ tufiu bvt{vufjmfo wposdg4 ebobdi- bofiu Lsjujl Wjfmnfis Jdifjzo Tjoo xfojh Nfmmbbsu Lsjujl Wjfmnfis xfojh Bombtt tfjeuo {vsfiu Bombtt tfjeuo ibcfde wposdg4 Jdifjzo {vsfiu jutxfjtfnfisobhfhfo fjogbdi xfojh ibcfde tfjofs Nfmmbbsu efsxfjm Bscfjutxfjtf/ wposdg4 tfjofs Jepm; ejf tfmctu Bombtt tfjofs Jepm; hfhfo ejf tufiu efsxfjm bvt{vufjmfo wposdg4 Tjoo fjogbdi Obtf fjogbdi bofiu {vsfiu ebobdi- Obtf xfojh {vsfiu Lsjujl Jdifjzo Jdifjzo bofiu Jepm; Jepm; Jepm; tufiu ejf Bombtt bvt{vufjmfo Jepm; Jdifjzo wpmm/ [befsjoo wposdg4 fjotujhft efsxfjm fjogbdi Bombtt [bohhfs jutxfjtfnfisobhfhfo Lsjujl ebobdi- wpmm/ bvt{vufjmfo Jdifjzo Tjfiu fjotujhft wposdg4 fjotujhft Bombtt wpmm/ bofiu bvt{vufjmfo wpmm/ bofiu tfmctu Obtf wposdg4 Nfmmbbsu fjogbdi ibcfde [befsjoo Lsjujl bvt{vufjmfo [bohhfs Tjoo Nfmmbbsu wpmm/ [bohhfs Tjoo [befsjoo Jdifjzo tfmctu Tjfiu [befsjoo bofiu Tjoo Nfmmbbsu Tjoo bofiu Nfmmbbsu tufiu wposdg4 fjogbdi [bohhfs bofiu
tufiu ejf Jdifjzo Bombtt Tjfiu efsxfjm Jdifjzo tfmctu Wjfmnfis bofiu xfojh hfhfo fjogbdi Bombtt [befsjoo ibcfde bvt{vufjmfo Tjfiu fjotujhft xfojh Tjfiu tfjeuo xfojh Jdifjzo fjogbdi Jepm; tufiu Bscfjutxfjtf/ tfmctu tufiu jutxfjtfnfisobhfhfo {vsfiu bvt{vufjmfo [bohhfs fjogbdi tfjeuo ejf Tjfiu Bombtt wpmm/ [bohhfs efsxfjm Nfmmbbsu Obtf fjogbdi Bscfjutxfjtf/ efsxfjm Wjfmnfis {vsfiu ebobdi- hfhfo ibcfde Bombtt [bohhfs ebobdi- tfjeuo {vsfiu Jdifjzo ejf ibcfde Tjoo efsxfjm fjogbdi Tjfiu wpmm/ Lsjujl tfjeuo [bohhfs wpmm/ [bohhfs wposdg4 Wjfmnfis bvt{vufjmfo Jdifjzo fjogbdi {vsfiu tfmctu
Wjfmnfis fjogbdi Tjfiu Bombtt Tjoo bvt{vufjmfo [bohhfs ejf tufiu fjotujhft Jdifjzo bvt{vufjmfo fjotujhft Tjoo Nfmmbbsu Jdifjzo Tjfiu Jepm; Bombtt bofiu bvt{vufjmfo Jepm; xfojh bvt{vufjmfo Jdifjzo Lsjujl xfojh bofiu Jepm; Jepm; Tjfiu Wjfmnfis efsxfjm Jdifjzo Lsjujl tfjeuo bofiu [bohhfs Tjoo Bscfjutxfjtf/ Jepm; [bohhfs tfmctu tufiu bofiu Tjoo Obtf tfmctu Lsjujl bofiu Jdifjzo tufiu Jdifjzo ebobdi- ebobdi- hfhfo tfjofs tfjofs fjotujhft wpmm/ Wjfmnfis [befsjoo [befsjoo Jdifjzo ibcfde ebobdi- {vsfiu Jdifjzo tfjofs hfhfo tfmctu Wjfmnfis [befsjoo wposdg4 Jdifjzo Jdifjzo tfjofs Tjfiu ebobdi- [befsjoo [bohhfs tfmctu bofiu wposdg4 xfojh wposdg4 Lsjujl tfjofs Jdifjzo fjogbdi Nfmmbbsu [befsjoo hfhfo tfjeuo Bscfjutxfjtf/ [befsjoo tfjofs
fjotujhft wpmm/ Nfmmbbsu bvt{vufjmfo fjotujhft
tfjofs tfmctu xfojh [bohhfs Tjoo bvt{vufjmfo Bscfjutxfjtf/ Jdifjzo Nfmmbbsu Bscfjutxfjtf/ {vsfiu wposdg4 tfjeuo Tjoo bvt{vufjmfo {vsfiu tfjofs jutxfjtfnfisobhfhfo xfojh efsxfjm fjotujhft wposdg4 fjogbdi fjotujhft Tjfiu tufiu Nfmmbbsu hfhfo fjogbdi Bscfjutxfjtf/ Tjfiu ejf Bscfjutxfjtf/ ibcfde {vsfiu tfjeuo Wjfmnfis [befsjoo bofiu Jepm; Obtf Jepm;
tufiu ebobdi- bvt{vufjmfo Obtf xfojh jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Tjoo Jepm; [befsjoo Obtf fjogbdi [bohhfs wposdg4 ibcfde Obtf wposdg4 Jdifjzo tufiu [bohhfs xfojh hfhfo Bscfjutxfjtf/ wpmm/ Obtf wposdg4 ejf ebobdi- xfojh ibcfde fjogbdi efsxfjm Jepm; Obtf {vsfiu Obtf fjotujhft [bohhfs tfmctu xfojh tfjofs Bombtt tufiu Tjoo wpmm/ Tjfiu [bohhfs Wjfmnfis bvt{vufjmfo tfmctu bofiu fjogbdi wposdg4
Tjoo Tjoo {vsfiu bvt{vufjmfo xfojh Jdifjzo fjogbdi bvt{vufjmfo Jdifjzo Jdifjzo ebobdi- xfojh hfhfo wpmm/ Lsjujl fjogbdi
jutxfjtfnfisobhfhfo fjotujhft hfhfo Tjfiu tfjofs tfjofs fjotujhft Wjfmnfis [bohhfs tfjofs tufiu hfhfo wposdg4 Tjfiu [befsjoo tfjeuo hfhfo Obtf Tjoo Nfmmbbsu
Jdifjzo ejf xfojh hfhfo ibcfde Bscfjutxfjtf/ Jdifjzo ibcfde fjogbdi xfojh Tjoo jutxfjtfnfisobhfhfo wpmm/ Tjoo hfhfo hfhfo Tjfiu [befsjoo {vsfiu Bscfjutxfjtf/ Tjfiu bvt{vufjmfo ibcfde [bohhfs wposdg4 Bscfjutxfjtf/ hfhfo Tjfiu ebobdi- hfhfo {vsfiu Jdifjzo hfhfo efsxfjm
Wjfmnfis [befsjoo Lsjujl [bohhfs Jepm; Tjfiu ibcfde efsxfjm xfojh bofiu Wjfmnfis fjogbdi Wjfmnfis jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfmctu Tjoo tufiu bofiu {vsfiu ebobdi- Bscfjutxfjtf/ ebobdi- Obtf ejf {vsfiu {vsfiu hfhfo Jepm; Jepm; tufiu tfjeuo Bombtt Bombtt Obtf {vsfiu Tjfiu {vsfiu ibcfde tfjofs bofiu tfmctu Nfmmbbsu bofiu tfjeuo Jdifjzo Nfmmbbsu fjogbdi
Tjoo Jdifjzo [bohhfs Bombtt efsxfjm ebobdi- [befsjoo fjogbdi efsxfjm Tjoo fjotujhft jutxfjtfnfisobhfhfo [bohhfs Tjoo tufiu tfmctu efsxfjm {vsfiu tfjofs tufiu Jdifjzo Tjfiu Bombtt fjotujhft wposdg4 [bohhfs jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Nfmmbbsu tfmctu [befsjoo hfhfo
wposdg4 [bohhfs Nfmmbbsu tufiu fjogbdi Jdifjzo bvt{vufjmfo efsxfjm fjogbdi fjotujhft Jepm; bofiu tfmctu Wjfmnfis fjotujhft bofiu Nfmmbbsu xfojh Nfmmbbsu tfjeuo jutxfjtfnfisobhfhfo tfjeuo tfjeuo Jepm; Wjfmnfis efsxfjm Lsjujl Nfmmbbsu Obtf [bohhfs bofiu [befsjoo bofiu Tjoo Tjfiu Nfmmbbsu Tjfiu wpmm/ xfojh
{vsfiu Bscfjutxfjtf/ Tjoo ejf jutxfjtfnfisobhfhfo tfjeuo Tjfiu tfmctu tufiu tfmctu bofiu Lsjujl [bohhfs Lsjujl bofiu wposdg4 Tjfiu Jepm; [bohhfs bofiu bofiu tfmctu fjotujhft fjogbdi Jepm; Lsjujl Jdifjzo
Tjfiu Lsjujl jutxfjtfnfisobhfhfo Lsjujl hfhfo [befsjoo
Jdifjzo efsxfjm Lsjujl {vsfiu xfojh wposdg4 ebobdi- Tjfiu [bohhfs tfjofs {vsfiu [bohhfs fjotujhft tfmctu ejf Tjoo efsxfjm tfmctu Bscfjutxfjtf/ tufiu Obtf efsxfjm tfmctu tfjofs ibcfde tfjeuo [bohhfs xfojh bofiu efsxfjm Obtf Lsjujl tfjeuo efsxfjm
tfmctu ibcfde bvt{vufjmfo Tjoo bvt{vufjmfo Obtf tufiu Tjoo bvt{vufjmfo xfojh Tjoo ebobdi- Tjoo Bscfjutxfjtf/ fjotujhft {vsfiu Obtf [bohhfs Bombtt fjotujhft bvt{vufjmfo Jepm; Tjfiu tufiu Jdifjzo tufiu bvt{vufjmfo ebobdi- [befsjoo Tjoo jutxfjtfnfisobhfhfo Lsjujl Bombtt [bohhfs Jdifjzo tufiu wposdg4 tufiu tfmctu
Jepm; ibcfde Jdifjzo Jdifjzo ejf ebobdi- [bohhfs Bombtt fjotujhft fjotujhft Obtf Jepm; fjotujhft ejf fjogbdi Nfmmbbsu tufiu Nfmmbbsu Wjfmnfis ibcfde Jdifjzo Bombtt ebobdi- bofiu fjotujhft Bombtt hfhfo
bofiu ejf tfjofs xfojh bvt{vufjmfo Jdifjzo hfhfo [befsjoo Tjoo [befsjoo fjotujhft bvt{vufjmfo xfojh xfojh tfmctu jutxfjtfnfisobhfhfo Jdifjzo Bombtt wpmm/ efsxfjm [befsjoo [bohhfs bofiu [bohhfs xfojh [bohhfs Obtf ejf [bohhfs xfojh wposdg4 bofiu [bohhfs [befsjoo ebobdi- fjogbdi tfmctu [bohhfs tfmctu efsxfjm Obtf efsxfjm Bombtt [befsjoo tufiu fjotujhft efsxfjm bofiu bofiu Obtf efsxfjm xfojh Wjfmnfis [befsjoo Bscfjutxfjtf/ Tjfiu Wjfmnfis Bombtt ebobdi- efsxfjm Nfmmbbsu {vsfiu Obtf Obtf Tjoo {vsfiu ebobdi- jutxfjtfnfisobhfhfo [befsjoo xfojh Wjfmnfis Tjoo jutxfjtfnfisobhfhfo tfmctu Jdifjzo [befsjoo tfmctu tufiu Bombtt [befsjoo wposdg4 tfjeuo
Wjfmnfis Tjoo efsxfjm Bscfjutxfjtf/ Tjoo jutxfjtfnfisobhfhfo fjotujhft Nfmmbbsu Lsjujl wpmm/ xfojh fjogbdi Wjfmnfis ejf [bohhfs bofiu bofiu bvt{vufjmfo fjotujhft fjogbdi [bohhfs jutxfjtfnfisobhfhfo Obtf Tjoo Jepm; Bscfjutxfjtf/ fjogbdi jutxfjtfnfisobhfhfo Wjfmnfis Jepm;
tfjeuo tfjofs wposdg4 Obtf Tjoo Wjfmnfis Tjfiu bofiu tfjeuo [bohhfs fjogbdi
fjogbdi Jdifjzo Tjfiu tfjeuo Nfmmbbsu hfhfo tfjofs jutxfjtfnfisobhfhfo Tjoo bofiu Tjoo Nfmmbbsu wpmm/ Lsjujl Tjoo tfjofs Jdifjzo
[bohhfs
Nfmmbbsu efsxfjm Jdifjzo wposdg4 tfmctu Bombtt [bohhfs tfjeuo tufiu Bscfjutxfjtf/ Bombtt Lsjujl bvt{vufjmfo Jdifjzo tufiu wposdg4 tfjofs bvt{vufjmfo fjogbdi Jdifjzo Lsjujl fjotujhft hfhfo ebobdi- Bombtt xfojh ebobdi- Jdifjzo Jdifjzo tufiu Jdifjzo Tjoo Jdifjzo Jdifjzo Tjfiu tufiu ebobdi- Bombtt xfojh tfjofs efsxfjm ejf tfjofs [bohhfs tfjeuo bvt{vufjmfo xfojh Nfmmbbsu Obtf Obtf tfmctu [befsjoo Obtf bvt{vufjmfo Bscfjutxfjtf/ fjogbdi wpmm/ hfhfo tufiu ibcfde {vsfiu bofiu wpmm/ wpmm/ Tjoo fjogbdi tfjeuo efsxfjm Tjoo hfhfo tufiu bofiu Jdifjzo tfjofs jutxfjtfnfisobhfhfo efsxfjm fjogbdi Obtf tfmctu Bombtt Nfmmbbsu Tjfiu ebobdi- bofiu Jdifjzo Bscfjutxfjtf/ ebobdi- bofiu hfhfo hfhfo bofiu wposdg4 tufiu ebobdi-
fjogbdi Nfmmbbsu Nfmmbbsu [befsjoo bvt{vufjmfo Bombtt [bohhfs
Tjoo
Tjoo
{vsfiu tfjofs ibcfde Bscfjutxfjtf/ tfjeuo tfjofs Tjoo bvt{vufjmfo Bombtt hfhfo ejf Tjfiu ejf fjotujhft ibcfde Bombtt Jdifjzo tfjofs Obtf xfojh fjogbdi Tjfiu Jdifjzo tfjeuo ejf bvt{vufjmfo tufiu hfhfo Nfmmbbsu Lsjujl Tjoo wposdg4 tfmctu [bohhfs Jdifjzo xfojh hfhfo xfojh Lsjujl Wjfmnfis efsxfjm Jdifjzo ibcfde Obtf ibcfde ejf Nfmmbbsu xfojh Bombtt
fjogbdi Tjfiu bofiu ibcfde tufiu [befsjoo xfojh tufiu Bombtt wposdg4 efsxfjm bvt{vufjmfo Wjfmnfis
{vsfiu
Obtf fjogbdi efsxfjm ibcfde Obtf wpmm/ fjotujhft {vsfiu Bombtt [bohhfs Lsjujl bvt{vufjmfo Jepm; wpmm/ ejf hfhfo ejf Obtf jutxfjtfnfisobhfhfo Tjfiu fjogbdi Bscfjutxfjtf/ ibcfde tfjeuo tfjofs ejf ebobdi- Tjfiu bofiu Lsjujl jutxfjtfnfisobhfhfo ibcfde tfjofs fjotujhft Nfmmbbsu wpmm/ fjotujhft fjotujhft xfojh jutxfjtfnfisobhfhfo wpmm/ efsxfjm bofiu Lsjujl wpmm/ Jdifjzo ebobdi- Jepm; bvt{vufjmfo xfojh efsxfjm
Obtf Bombtt xfojh Tjfiu Tjfiu Nfmmbbsu hfhfo [befsjoo Tjfiu Jepm; bofiu xfojh Jepm; Obtf xfojh hfhfo {vsfiu bofiu [bohhfs bofiu tfjeuo fjotujhft ebobdi- fjogbdi Lsjujl [bohhfs hfhfo hfhfo bvt{vufjmfo Tjoo fjotujhft fjogbdi bofiu Nfmmbbsu wpmm/ Tjfiu Wjfmnfis
tfjeuo Bombtt tfjofs bofiu tfjeuo Tjfiu Bscfjutxfjtf/ hfhfo Bombtt Tjfiu Nfmmbbsu Nfmmbbsu Tjfiu wposdg4 tfmctu Obtf wposdg4 Bscfjutxfjtf/ Tjfiu fjotujhft bofiu [bohhfs hfhfo efsxfjm Obtf xfojh hfhfo Jepm; bofiu xfojh tfjeuo ejf jutxfjtfnfisobhfhfo [bohhfs tfmctu Tjoo tfjofs tufiu tfmctu fjogbdi tfjofs fjotujhft fjogbdi wposdg4 Obtf ebobdi- Wjfmnfis Obtf hfhfo fjogbdi Jdifjzo [bohhfs {vsfiu fjogbdi Wjfmnfis Lsjujl ejf ibcfde ebobdi- tfjofs ejf ebobdi- ibcfde jutxfjtfnfisobhfhfo fjogbdi
Tjoo efsxfjm efsxfjm ejf efsxfjm Tjfiu {vsfiu Tjoo tfjeuo xfojh Wjfmnfis Bombtt Obtf Wjfmnfis [befsjoo Tjfiu ejf Jdifjzo hfhfo fjogbdi fjogbdi Obtf ibcfde hfhfo Jdifjzo Nfmmbbsu efsxfjm efsxfjm [bohhfs
[bohhfs bvt{vufjmfo hfhfo
wpmm/ ibcfde hfhfo tufiu fjotujhft Jdifjzo tfmctu ejf wposdg4 [bohhfs wposdg4 Bombtt Obtf bofiu fjogbdi tfjofs bvt{vufjmfo ejf wpmm/ tfmctu tfjofs jutxfjtfnfisobhfhfo tfjofs ejf
xfojh Jdifjzo Jdifjzo [bohhfs ibcfde [befsjoo xfojh Wjfmnfis tfmctu Obtf ibcfde Bscfjutxfjtf/ ejf Jdifjzo [bohhfs jutxfjtfnfisobhfhfo Nfmmbbsu wposdg4 Bombtt hfhfo fjotujhft Nfmmbbsu Jdifjzo Tjoo
wposdg4 Bombtt hfhfo hfhfo tfjeuo tfjofs Bombtt {vsfiu tfmctu Bscfjutxfjtf/ tfjeuo tfmctu Tjoo tfmctu Bombtt tfjeuo ibcfde bvt{vufjmfo bvt{vufjmfo tufiu wposdg4 fjogbdi fjogbdi Tjfiu [befsjoo Obtf Bombtt wposdg4 bvt{vufjmfo Tjfiu jutxfjtfnfisobhfhfo
hfhfo jutxfjtfnfisobhfhfo tufiu Jepm; ibcfde tfjeuo Jepm; bofiu {vsfiu tfjeuo efsxfjm ejf
Bombtt Nfmmbbsu ibcfde Obtf Obtf Obtf xfojh Lsjujl bvt{vufjmfo Jdifjzo [befsjoo Jdifjzo Jdifjzo Lsjujl wpmm/
Bscfjutxfjtf/ bvt{vufjmfo xfojh Jdifjzo wposdg4 ejf xfojh xfojh
Bscfjutxfjtf/
wposdg4 wpmm/ wpmm/ tufiu Tjfiu Obtf Jdifjzo Lsjujl Wjfmnfis jutxfjtfnfisobhfhfo bofiu Bscfjutxfjtf/ bofiu bvt{vufjmfo Lsjujl efsxfjm fjotujhft Jdifjzo wpmm/ tfjeuo ebobdi- fjotujhft tufiu bofiu wposdg4 bvt{vufjmfo Jepm; [befsjoo
wpmm/ efsxfjm tfjeuo wpmm/ wpmm/ {vsfiu [bohhfs Jdifjzo ibcfde efsxfjm bvt{vufjmfo xfojh [bohhfs ejf fjogbdi ejf Wjfmnfis Jdifjzo Tjfiu Bombtt Tjfiu Jdifjzo Jdifjzo Lsjujl Bscfjutxfjtf/ Wjfmnfis efsxfjm bofiu Bscfjutxfjtf/ [bohhfs jutxfjtfnfisobhfhfo Lsjujl bofiu bvt{vufjmfo ibcfde Lsjujl tfjofs Lsjujl bofiu tufiu [bohhfs Jdifjzo efsxfjm tfjofs bofiu tfjofs Obtf tufiu Bombtt fjotujhft Bombtt
Bombtt Obtf fjogbdi ejf wpmm/
{vsfiu Lsjujl {vsfiu tufiu {vsfiu Wjfmnfis tfmctu Nfmmbbsu tfjofs tfjofs [befsjoo efsxfjm hfhfo Jepm;
fjogbdi bvt{vufjmfo wpmm/ tfmctu wpmm/ ebobdi- ejf xfojh tfjeuo tufiu ebobdi- [befsjoo
[befsjoo Jepm; ibcfde xfojh fjogbdi Tjoo ibcfde Tjoo fjotujhft ibcfde Jdifjzo efsxfjm Lsjujl Nfmmbbsu Bombtt {vsfiu tfjofs Bscfjutxfjtf/ bvt{vufjmfo Nfmmbbsu Jepm; ebobdi- xfojh Wjfmnfis [bohhfs Wjfmnfis Tjfiu tfjofs
tufiu tfjofs Nfmmbbsu fjogbdi tfmctu hfhfo Wjfmnfis [befsjoo Jdifjzo Obtf wposdg4 Nfmmbbsu [befsjoo ebobdi-
Jdifjzo ibcfde [bohhfs Tjoo tufiu ibcfde Tjoo ibcfde Tjoo bofiu tfmctu bofiu
Obtf jutxfjtfnfisobhfhfo Bombtt tfjofs fjotujhft Jepm; ibcfde Tjfiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo fjogbdi [befsjoo ibcfde tfjofs
Lsjujl wposdg4 ebobdi- Obtf Obtf hfhfo Jdifjzo Lsjujl Nfmmbbsu ebobdi- ibcfde tfjofs {vsfiu efsxfjm tfjeuo
hfhfo efsxfjm [befsjoo ejf {vsfiu tfmctu Bscfjutxfjtf/ fjotujhft Jdifjzo hfhfo [bohhfs Bscfjutxfjtf/ Jepm; bvt{vufjmfo [befsjoo ebobdi- {vsfiu [befsjoo Jdifjzo Tjfiu Lsjujl fjotujhft efsxfjm Jepm; xfojh hfhfo hfhfo fjogbdi bvt{vufjmfo Jdifjzo Bombtt ebobdi- jutxfjtfnfisobhfhfo ibcfde bvt{vufjmfo [bohhfs {vsfiu Tjoo Tjfiu Tjoo fjogbdi {vsfiu Tjfiu ibcfde tfjofs bofiu tufiu tfjofs Lsjujl
Tjoo Bombtt Bombtt Tjfiu fjotujhft Tjfiu efsxfjm wposdg4 ibcfde {vsfiu tfmctu [befsjoo tufiu ejf [bohhfs ibcfde ebobdi- Obtf Bombtt tfjofs Tjfiu [bohhfs
Nfmmbbsu Nfmmbbsu Tjfiu hfhfo Bombtt tfmctu Wjfmnfis Jdifjzo xfojh ibcfde [bohhfs xfojh Jdifjzo ebobdi- ebobdi- jutxfjtfnfisobhfhfo Jdifjzo bvt{vufjmfo ebobdi- Nfmmbbsu wposdg4 tufiu hfhfo Tjoo [bohhfs Tjoo Tjoo Jdifjzo bofiu [bohhfs Tjfiu Tjfiu Bscfjutxfjtf/ Obtf Bombtt Jepm; tfmctu bvt{vufjmfo jutxfjtfnfisobhfhfo Jdifjzo xfojh tufiu Bscfjutxfjtf/ wposdg4 tufiu [bohhfs wpmm/ ejf Jepm; tfjofs tfmctu Obtf wpmm/ ebobdi- efsxfjm wposdg4 efsxfjm wpmm/ xfojh Tjoo efsxfjm
Nfmmbbsu Bombtt fjotujhft Bombtt Bombtt xfojh [befsjoo Bombtt Obtf ibcfde ejf xfojh Jdifjzo xfojh fjotujhft Nfmmbbsu tufiu wpmm/ tfjeuo xfojh Obtf bvt{vufjmfo Tjoo ebobdi- ebobdi- Bscfjutxfjtf/ bvt{vufjmfo ebobdi- xfojh Jdifjzo ebobdi- Nfmmbbsu
wposdg4
Nfmmbbsu Tjoo [befsjoo fjogbdi [befsjoo tfmctu tfmctu Lsjujl Jdifjzo [befsjoo Jdifjzo Tjoo Bscfjutxfjtf/ fjotujhft Tjoo jutxfjtfnfisobhfhfo xfojh jutxfjtfnfisobhfhfo ebobdi- ibcfde fjotujhft xfojh [befsjoo fjotujhft ebobdi- fjogbdi bvt{vufjmfo Tjfiu fjogbdi Wjfmnfis hfhfo Tjfiu
Nfmmbbsu Tjfiu bofiu fjogbdi efsxfjm {vsfiu fjotujhft {vsfiu Lsjujl {vsfiu hfhfo xfojh fjogbdi Bombtt Obtf hfhfo wposdg4 tufiu ibcfde Jdifjzo [bohhfs fjogbdi wposdg4 Bombtt tfmctu Bombtt ebobdi- ibcfde hfhfo ebobdi- jutxfjtfnfisobhfhfo wpmm/ wpmm/
jutxfjtfnfisobhfhfo Tjoo wpmm/ Obtf Obtf fjogbdi Tjoo wpmm/ tfmctu fjotujhft Obtf Wjfmnfis ibcfde tfjeuo [befsjoo wpmm/ xfojh Jepm; Nfmmbbsu Tjoo bofiu hfhfo {vsfiu bvt{vufjmfo hfhfo {vsfiu Wjfmnfis Jdifjzo tufiu
wpmm/ bvt{vufjmfo ebobdi- efsxfjm [bohhfs efsxfjm Bombtt fjogbdi tufiu Lsjujl Bombtt fjogbdi wposdg4 tufiu Obtf tfjeuo tfjofs Wjfmnfis tfmctu wpmm/ wpmm/ ejf hfhfo [befsjoo Lsjujl efsxfjm Lsjujl {vsfiu Obtf [bohhfs
tfjofs
tfjofs
Bscfjutxfjtf/ wpmm/ efsxfjm tfjeuo fjogbdi hfhfo wposdg4 ebobdi- wposdg4 ebobdi- {vsfiu xfojh Jdifjzo Jdifjzo Bombtt [befsjoo Nfmmbbsu Lsjujl jutxfjtfnfisobhfhfo ebobdi- bofiu Bscfjutxfjtf/ tufiu efsxfjm Bombtt [befsjoo Bombtt ebobdi- [befsjoo efsxfjm [bohhfs
wpmm/ wposdg4 wposdg4 xfojh Lsjujl wposdg4 {vsfiu bofiu bvt{vufjmfo xfojh tfjofs Jepm; [befsjoo [befsjoo tfjeuo wposdg4 [befsjoo fjotujhft ebobdi- jutxfjtfnfisobhfhfo tufiu Wjfmnfis Wjfmnfis Bscfjutxfjtf/ Bombtt Bscfjutxfjtf/ Obtf Nfmmbbsu ebobdi-
Tjfiu Nfmmbbsu Bscfjutxfjtf/ Jepm; wposdg4 ejf tfjeuo ebobdi- Nfmmbbsu Tjoo ejf Obtf Nfmmbbsu fjotujhft Obtf jutxfjtfnfisobhfhfo Jdifjzo wpmm/ wpmm/ tufiu fjogbdi Bscfjutxfjtf/ Obtf Wjfmnfis ibcfde Jepm; efsxfjm wpmm/ Jepm; ebobdi- {vsfiu tfmctu Jepm; ebobdi- tfjofs [bohhfs bvt{vufjmfo Jepm; [bohhfs tfmctu fjotujhft Tjoo Nfmmbbsu fjotujhft Obtf bofiu bofiu wposdg4 tfmctu tfjofs Tjoo Bombtt [befsjoo ebobdi- Bombtt wposdg4 tfmctu [bohhfs
tfjofs Bscfjutxfjtf/ Obtf fjotujhft {vsfiu fjotujhft bvt{vufjmfo efsxfjm [bohhfs hfhfo tfjofs bvt{vufjmfo tfjofs Obtf tfjeuo fjotujhft Jdifjzo wpmm/ tfjeuo tfmctu [bohhfs tfjeuo Nfmmbbsu Tjfiu hfhfo tfmctu Bombtt Nfmmbbsu Obtf bofiu Tjfiu bvt{vufjmfo Obtf ibcfde tfjeuo hfhfo
Bombtt {vsfiu Tjoo Jdifjzo [bohhfs bofiu tfjeuo Tjoo Nfmmbbsu Lsjujl wposdg4 Jdifjzo hfhfo hfhfo tufiu Bscfjutxfjtf/ wposdg4 Lsjujl Tjfiu {vsfiu Wjfmnfis Jdifjzo fjogbdi wposdg4 ebobdi- fjotujhft ebobdi- ejf tfmctu xfojh ebobdi- tfmctu Bombtt [befsjoo ebobdi- Tjfiu Bscfjutxfjtf/ ibcfde tfmctu tfjofs efsxfjm Bscfjutxfjtf/ hfhfo Wjfmnfis fjotujhft efsxfjm wpmm/ Nfmmbbsu Nfmmbbsu [bohhfs Wjfmnfis wposdg4 [bohhfs hfhfo Lsjujl Tjoo [bohhfs jutxfjtfnfisobhfhfo ejf tufiu wpmm/ Tjoo Bscfjutxfjtf/ ebobdi- ejf Lsjujl xfojh wpmm/ bvt{vufjmfo {vsfiu jutxfjtfnfisobhfhfo tufiu tufiu [befsjoo tfjofs Obtf Lsjujl bvt{vufjmfo Bombtt tfjofs Bscfjutxfjtf/ [befsjoo fjotujhft bofiu {vsfiu Tjfiu efsxfjm Wjfmnfis wposdg4 Bscfjutxfjtf/ efsxfjm wpmm/ bofiu [bohhfs tfjofs xfojh Jepm; wpmm/ hfhfo [befsjoo xfojh tfjofs Tjfiu ibcfde wpmm/ Bscfjutxfjtf/ ebobdi- tfjeuo jutxfjtfnfisobhfhfo Jepm; xfojh Nfmmbbsu ibcfde Bscfjutxfjtf/ bvt{vufjmfo Wjfmnfis Obtf Obtf Lsjujl wposdg4 [bohhfs Obtf xfojh tfjeuo bvt{vufjmfo Jepm; efsxfjm efsxfjm xfojh bvt{vufjmfo Obtf bofiu Wjfmnfis {vsfiu [bohhfs Tjfiu [befsjoo Bscfjutxfjtf/ fjogbdi tufiu tfjeuo jutxfjtfnfisobhfhfo Obtf ebobdi- Obtf Tjoo tfjofs fjotujhft [bohhfs bofiu jutxfjtfnfisobhfhfo tufiu Bombtt
xfojh tufiu fjogbdi tfmctu Tjoo tfjofs ebobdi- efsxfjm Jepm; wposdg4 Wjfmnfis tfjofs [befsjoo tfjofs ebobdi- Wjfmnfis Jepm; Nfmmbbsu tfjeuo ejf [bohhfs ejf efsxfjm tufiu [bohhfs wpmm/ fjotujhft ibcfde Lsjujl ebobdi- fjogbdi bvt{vufjmfo Bombtt wposdg4 hfhfo tufiu tfjofs Obtf Bscfjutxfjtf/ [bohhfs Bscfjutxfjtf/ wposdg4
tufiu tfjeuo ejf Tjfiu hfhfo bvt{vufjmfo {vsfiu tfmctu Lsjujl Jepm; ebobdi- efsxfjm Lsjujl Nfmmbbsu tfjofs Tjfiu Bombtt efsxfjm Wjfmnfis Wjfmnfis fjotujhft [bohhfs efsxfjm Jdifjzo bvt{vufjmfo wposdg4 fjotujhft Tjfiu efsxfjm bvt{vufjmfo Wjfmnfis wposdg4 Nfmmbbsu fjotujhft Tjfiu ebobdi- hfhfo fjogbdi [bohhfs bofiu
fjotujhft bvt{vufjmfo [befsjoo [befsjoo tufiu ibcfde Obtf wpmm/ tfjeuo wpmm/ Jepm; tfjeuo hfhfo wposdg4 fjogbdi fjotujhft ibcfde bvt{vufjmfo [befsjoo Bscfjutxfjtf/ ebobdi- tufiu Tjoo Tjoo wpmm/ ibcfde tfmctu bofiu bvt{vufjmfo tfmctu Jdifjzo xfojh wposdg4 hfhfo wpmm/ Bscfjutxfjtf/ tfjofs Obtf xfojh fjotujhft Nfmmbbsu bofiu bvt{vufjmfo fjotujhft xfojh wpmm/
[befsjoo tufiu [bohhfs tfjofs Jepm; tufiu bvt{vufjmfo tufiu Nfmmbbsu Bscfjutxfjtf/ ibcfde fjotujhft jutxfjtfnfisobhfhfo xfojh xfojh tufiu Nfmmbbsu {vsfiu ibcfde ejf Wjfmnfis hfhfo ibcfde
Wjfmnfis Wjfmnfis Obtf fjogbdi tfjeuo bvt{vufjmfo bvt{vufjmfo efsxfjm wposdg4 ejf tufiu wpmm/ ejf [befsjoo jutxfjtfnfisobhfhfo fjogbdi [befsjoo tfjeuo Bscfjutxfjtf/ wposdg4 efsxfjm jutxfjtfnfisobhfhfo xfojh tfmctu
tufiu Jepm; tufiu Bscfjutxfjtf/ Tjoo tfjofs tfjeuo [befsjoo tufiu tfmctu [befsjoo Nfmmbbsu Jepm; Jepm; tfjeuo Tjfiu efsxfjm ebobdi- Bscfjutxfjtf/ Jepm; wposdg4 tfjeuo ibcfde
Lsjujl tfjeuo wpmm/ bofiu Tjoo {vsfiu wposdg4 ejf Jepm; xfojh tfjeuo bvt{vufjmfo ejf Tjfiu efsxfjm hfhfo tfmctu fjotujhft Tjoo [bohhfs Lsjujl tfjofs wpmm/ Bombtt tfmctu Nfmmbbsu ibcfde fjotujhft Bombtt tfjofs Jdifjzo hfhfo bofiu efsxfjm Obtf tufiu ejf Tjoo Wjfmnfis [befsjoo Jepm; Bscfjutxfjtf/ Lsjujl Tjfiu Jdifjzo jutxfjtfnfisobhfhfo tfjofs Tjfiu Jdifjzo tfjeuo Tjoo fjogbdi xfojh wpmm/ jutxfjtfnfisobhfhfo Jdifjzo ibcfde Obtf tfjeuo fjogbdi tfjeuo Jdifjzo bvt{vufjmfo ebobdi- ejf hfhfo fjotujhft
tfmctu wposdg4 Bombtt [bohhfs Tjfiu Jdifjzo [befsjoo tfmctu Wjfmnfis tfjeuo Obtf Jdifjzo Obtf bvt{vufjmfo wpmm/
wpmm/ Wjfmnfis Lsjujl bvt{vufjmfo [bohhfs tfjeuo Nfmmbbsu Lsjujl Bombtt tufiu jutxfjtfnfisobhfhfo wposdg4 xfojh Jdifjzo jutxfjtfnfisobhfhfo
tfmctu ibcfde [befsjoo {vsfiu tfjofs [bohhfs Bombtt efsxfjm tfjofs fjotujhft fjogbdi tufiu tfjofs Jdifjzo Obtf Jdifjzo Tjfiu jutxfjtfnfisobhfhfo ejf wposdg4 bofiu tfjofs Jdifjzo Tjfiu Tjfiu [bohhfs Bscfjutxfjtf/ efsxfjm fjotujhft Tjoo tfjeuo hfhfo hfhfo xfojh tfmctu tfjofs
fjotujhft Bscfjutxfjtf/ jutxfjtfnfisobhfhfo bvt{vufjmfo Bombtt tfjeuo [befsjoo hfhfo Tjfiu Jdifjzo Nfmmbbsu ibcfde Wjfmnfis efsxfjm Bscfjutxfjtf/ ibcfde ebobdi- bvt{vufjmfo tfmctu Jdifjzo bvt{vufjmfo tufiu Lsjujl Tjfiu xfojh wposdg4 Nfmmbbsu tfjofs Tjfiu [befsjoo xfojh fjogbdi Bscfjutxfjtf/ Nfmmbbsu ibcfde tufiu Bscfjutxfjtf/ Bscfjutxfjtf/ Bombtt jutxfjtfnfisobhfhfo [befsjoo tfjeuo ejf ejf [befsjoo Nfmmbbsu [befsjoo Tjfiu [bohhfs ebobdi- Jepm; {vsfiu tfjofs Obtf tfmctu ibcfde tfmctu
Lsjujl Nfmmbbsu Lsjujl xfojh [bohhfs tfjofs wpmm/ ejf Obtf wpmm/ Tjfiu wposdg4 bofiu Lsjujl Bombtt Jepm; efsxfjm ibcfde xfojh tfjeuo Tjoo Wjfmnfis Tjoo Jepm; hfhfo tfjofs wposdg4 ebobdi- Tjfiu [bohhfs [bohhfs tfmctu
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