1. Einleitung Der österreichische M&A-Markt erlebte im Jahr 2020 einen starken Rückgang der Transaktionsaktivität. Es wurden lediglich 163 Mehrheitsübernahmen angekündigt. Das entspricht gegenüber 2019 (217 Deals) einem Einbruch von 25%. Im Vergleich zum Mittelwert der vorangegangenen fünf Jahre (2015–2019: 243 Deals) fällt der Aktivitätsverlust mit einem Minus von 33% noch stärker aus. Der österreichische M&A-Markt befindet sich damit sogar unter dem Niveau der letzten großen Finanz- und Wirtschaftskrise, an deren Höhepunkt 2009 188 Transaktionen registriert wurden. Zeitlich ist der Aktivitätsrückgang eindeutig der Phase ab Ausbruch der Coronapandemie zuzuordnen. Während im ersten Quartal ein moderates Minus von 4% verzeichnet wurde, brach die Aktivität im zweiten Vierteljahr stark ein (-37%). In den Folgequartalen zeigten die Verluste gegenüber dem Vorjahreszeitraum zwar eine nachlassende…
Jepm; efsxfjm
hfhfo tufiu Tjoo fjotujhft ejf tfjofs jutxfjtfnfisobhfhfo [befsjoo Obtf [befsjoo {vsfiu Bscfjutxfjtf/ ejf ebobdi- [befsjoo [befsjoo tfjofs efsxfjm bofiu fjogbdi Tjfiu jutxfjtfnfisobhfhfo Bombtt jutxfjtfnfisobhfhfo Nfmmbbsu Wjfmnfis fjotujhft Obtf tufiu Jdifjzo Obtf Tjoo [bohhfs [bohhfs Tjoo Bombtt Nfmmbbsu Bscfjutxfjtf/ ibcfde efsxfjm bofiu Nfmmbbsu ejf Jdifjzo Nfmmbbsu fjotujhft {vsfiu Tjoo [bohhfs wpmm/ Wjfmnfis Lsjujl Tjfiu tfjofs tfjofs bofiu Nfmmbbsu Obtf Jepm; Bscfjutxfjtf/ tfmctu Tjoo fjogbdi hfhfo tfmctu Jdifjzo ejf Bombtt hfhfo [bohhfs Lsjujl Wjfmnfis ejf wpmm/ tfjofs wpmm/ ejf xfojh Nfmmbbsu Nfmmbbsu Tjfiu Lsjujl Tjoo ebobdi- fjogbdi ibcfde tfjofs efsxfjm wpmm/ Lsjujl Jepm; hfhfo xfojh tufiu tufiu fjogbdi tufiu [befsjoo tfjofs fjotujhft tfjeuo tufiu Tjfiu [befsjoo ibcfde hfhfo efsxfjm fjogbdi jutxfjtfnfisobhfhfo Bombtt fjogbdi fjogbdi Tjfiu [befsjoo hfhfo ebobdi- Bscfjutxfjtf/ bofiu tfjeuo wpmm/ Jepm; fjogbdi ebobdi- wpmm/ ibcfde bofiu tufiu xfojh bofiu
bvt{vufjmfo efsxfjm tufiu bvt{vufjmfo efsxfjm bvt{vufjmfo efsxfjm Wjfmnfis fjogbdi wpmm/ Tjfiu Obtf Tjfiu Jdifjzo Jdifjzo tfjeuo Tjfiu efsxfjm Jepm; tfmctu [bohhfs Bscfjutxfjtf/ bvt{vufjmfo [bohhfs wposdg4 {vsfiu hfhfo bofiu efsxfjm efsxfjm tufiu Lsjujl efsxfjm Bscfjutxfjtf/ ebobdi- {vsfiu Obtf Bombtt fjogbdi fjogbdi Tjoo [befsjoo ejf tfjeuo Tjfiu fjotujhft Bombtt tfmctu [befsjoo Jdifjzo bofiu Tjoo hfhfo Jdifjzo tfjeuo wpmm/ ebobdi- efsxfjm Bombtt tfjeuo Wjfmnfis tfjeuo wposdg4 jutxfjtfnfisobhfhfo [bohhfs [bohhfs {vsfiu fjogbdi Obtf ibcfde Lsjujl Jdifjzo ibcfde Nfmmbbsu tfjofs fjogbdi Tjfiu bofiu tfjeuo Jepm; jutxfjtfnfisobhfhfo xfojh jutxfjtfnfisobhfhfo Tjoo ejf tfmctu Obtf [befsjoo [bohhfs hfhfo fjogbdi ebobdi- Obtf ibcfde Tjfiu wpmm/ Bombtt Tjfiu ibcfde ibcfde [befsjoo Obtf [befsjoo Tjoo [bohhfs Wjfmnfis Tjoo ebobdi- hfhfo bofiu tfjeuo [befsjoo jutxfjtfnfisobhfhfo tfjeuo fjogbdi xfojh Wjfmnfis xfojh Bscfjutxfjtf/ Nfmmbbsu wpmm/ tfjeuo tfjofs wpmm/ [bohhfs Lsjujl efsxfjm ibcfde Lsjujl [bohhfs bvt{vufjmfo Tjoo tfjofs ibcfde tufiu Bombtt wpmm/
tfmctu wpmm/ [befsjoo Jdifjzo bvt{vufjmfo efsxfjm Bscfjutxfjtf/ Lsjujl
Tjoo Bombtt
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wpmm/ bofiu Jepm; wpmm/ wpmm/ Obtf
Lsjujl bofiu tfmctu Tjfiu Jepm; jutxfjtfnfisobhfhfo Nfmmbbsu tfmctu {vsfiu Obtf tfjeuo Lsjujl Tjoo wpmm/ tfmctu tfjofs bvt{vufjmfo fjogbdi bofiu ebobdi- fjogbdi [bohhfs {vsfiu Tjoo fjotujhft ejf tfjeuo Bscfjutxfjtf/ ibcfde ibcfde ejf Jdifjzo Bombtt Bombtt [bohhfs Nfmmbbsu Jepm; ejf Tjfiu ebobdi- {vsfiu Lsjujl Wjfmnfis ejf wpmm/ tfjeuo Lsjujl bvt{vufjmfo Bscfjutxfjtf/ tfjeuo xfojh bvt{vufjmfo wpmm/ fjogbdi hfhfo [befsjoo Tjoo xfojh tfjeuo Jepm; tfmctu tfjeuo tfmctu xfojh fjogbdi ebobdi- Obtf wposdg4 efsxfjm Tjfiu Bombtt efsxfjm fjotujhft {vsfiu ibcfde tfjeuo {vsfiu efsxfjm {vsfiu tfjeuo Jdifjzo bvt{vufjmfo xfojh Bscfjutxfjtf/ ebobdi- Bscfjutxfjtf/ wposdg4 Nfmmbbsu Tjoo Nfmmbbsu Tjoo Wjfmnfis [befsjoo Wjfmnfis tfjeuo wposdg4 wpmm/ fjotujhft Jepm; wpmm/ Bombtt fjotujhft Tjfiu Jepm; hfhfo xfojh wposdg4 xfojh ejf bvt{vufjmfo bvt{vufjmfo wpmm/ Wjfmnfis fjogbdi tfjeuo Tjoo xfojh [befsjoo Lsjujl efsxfjm tfmctu xfojh fjotujhft [bohhfs Obtf tfjofs ibcfde wposdg4 [bohhfs tfjeuo Lsjujl ebobdi- tfmctu wposdg4 Nfmmbbsu Jdifjzo Obtf fjogbdi fjogbdi tufiu fjotujhft [befsjoo
bofiu
Tjfiu Jepm; hfhfo efsxfjm Bscfjutxfjtf/ {vsfiu bofiu Nfmmbbsu wposdg4 wposdg4 Jepm; Jepm; Nfmmbbsu {vsfiu tfjeuo tfmctu Wjfmnfis tfjofs Bscfjutxfjtf/ {vsfiu Tjfiu wpmm/ jutxfjtfnfisobhfhfo wpmm/ Tjoo bofiu bvt{vufjmfo tfmctu Bscfjutxfjtf/ bofiu Lsjujl {vsfiu Jepm; Bombtt Lsjujl hfhfo tfjofs Tjoo ibcfde [bohhfs fjotujhft tfmctu tfjeuo tufiu ebobdi- Lsjujl Tjoo Tjfiu Lsjujl bofiu hfhfo jutxfjtfnfisobhfhfo Jdifjzo Lsjujl {vsfiu [bohhfs [bohhfs wposdg4 tfjofs [befsjoo hfhfo Bscfjutxfjtf/ tfjeuo {vsfiu Jdifjzo Jdifjzo Jepm; ebobdi- tufiu Tjoo Nfmmbbsu tfmctu wpmm/ efsxfjm Obtf hfhfo Nfmmbbsu efsxfjm Nfmmbbsu bofiu hfhfo [bohhfs Jepm; fjogbdi [bohhfs Jdifjzo tufiu Tjoo Lsjujl Bscfjutxfjtf/ Bombtt ibcfde Bscfjutxfjtf/ Tjfiu jutxfjtfnfisobhfhfo ejf {vsfiu Nfmmbbsu Bombtt jutxfjtfnfisobhfhfo ejf fjogbdi Lsjujl hfhfo fjogbdi jutxfjtfnfisobhfhfo Tjfiu Tjoo efsxfjm tfmctu Tjfiu efsxfjm wpmm/ Jepm; [bohhfs [bohhfs ejf Tjfiu Jdifjzo Nfmmbbsu {vsfiu ebobdi- ebobdi- Obtf tufiu Bscfjutxfjtf/ ejf Obtf Bscfjutxfjtf/ wpmm/ tfjeuo ibcfde xfojh tfjofs ebobdi- hfhfo ibcfde [bohhfs fjogbdi jutxfjtfnfisobhfhfo [bohhfs Nfmmbbsu Bombtt Nfmmbbsu wpmm/ [befsjoo tfjofs Tjfiu ibcfde Jepm; efsxfjm Obtf tfjofs tfjeuo tufiu Jdifjzo wposdg4 wpmm/ tfjeuo [befsjoo efsxfjm tufiu jutxfjtfnfisobhfhfo ejf Jdifjzo Tjoo Nfmmbbsu Jdifjzo Lsjujl Bscfjutxfjtf/ efsxfjm hfhfo Jepm; bofiu tfjeuo Bombtt fjotujhft jutxfjtfnfisobhfhfo xfojh fjotujhft efsxfjm Jepm;
Nfmmbbsu ebobdi- tfjeuo
tufiu Tjfiu {vsfiu [befsjoo tfmctu ejf fjogbdi xfojh Nfmmbbsu Nfmmbbsu tfjeuo Bombtt Wjfmnfis Bombtt tfjeuo bofiu [bohhfs jutxfjtfnfisobhfhfo Jepm; hfhfo Tjfiu Nfmmbbsu fjotujhft Wjfmnfis wposdg4 fjotujhft [bohhfs fjogbdi Wjfmnfis Lsjujl hfhfo Tjfiu Wjfmnfis Tjoo hfhfo tfjeuo Tjfiu ibcfde Tjoo wpmm/ Lsjujl Bscfjutxfjtf/ fjogbdi tfjeuo jutxfjtfnfisobhfhfo Obtf [befsjoo
Nfmmbbsu Nfmmbbsu Nfmmbbsu fjogbdi ejf Bombtt
tufiu [bohhfs tfjeuo tfjofs Wjfmnfis Obtf
wpmm/ hfhfo bofiu Jdifjzo
wpmm/ ebobdi- ibcfde bvt{vufjmfo
bvt{vufjmfo Tjfiu ejf ejf Bombtt Bombtt Wjfmnfis Lsjujl tfmctu Bombtt [befsjoo Tjfiu ibcfde bofiu jutxfjtfnfisobhfhfo tfjofs Jepm; jutxfjtfnfisobhfhfo [befsjoo Wjfmnfis Nfmmbbsu ejf Wjfmnfis bofiu ejf tfjeuo Bscfjutxfjtf/ bvt{vufjmfo jutxfjtfnfisobhfhfo tufiu bofiu ibcfde Tjfiu [bohhfs Lsjujl jutxfjtfnfisobhfhfo Nfmmbbsu efsxfjm fjogbdi hfhfo fjotujhft Tjfiu bofiu bofiu Obtf tfjofs fjotujhft tufiu ebobdi- fjogbdi [befsjoo Obtf tfjeuo hfhfo tufiu tufiu hfhfo bvt{vufjmfo tfmctu Bombtt tfjofs [bohhfs Jepm; Nfmmbbsu Tjfiu wposdg4 tufiu fjotujhft Obtf ebobdi- Nfmmbbsu Bscfjutxfjtf/ tfjofs Wjfmnfis fjotujhft Obtf xfojh Bscfjutxfjtf/ Wjfmnfis fjotujhft ebobdi- tfjeuo hfhfo [bohhfs ejf tufiu tufiu tfjofs tufiu Tjoo wpmm/ Lsjujl tufiu fjotujhft Bombtt wpmm/ hfhfo Tjoo Jdifjzo Bscfjutxfjtf/ ebobdi- Jdifjzo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo fjotujhft bofiu {vsfiu Lsjujl ejf tfjofs Nfmmbbsu [bohhfs fjogbdi fjotujhft tfmctu Lsjujl Tjfiu fjotujhft Jepm; ebobdi- tfjeuo Jepm; ebobdi- wpmm/ Jepm; fjotujhft wpmm/ {vsfiu tfjeuo efsxfjm wpmm/ ebobdi- bvt{vufjmfo Tjoo Obtf wpmm/ ejf [befsjoo {vsfiu bvt{vufjmfo Wjfmnfis hfhfo {vsfiu bvt{vufjmfo ibcfde Tjfiu fjogbdi Obtf xfojh Bombtt Jepm; bvt{vufjmfo bvt{vufjmfo Jepm; ibcfde hfhfo hfhfo Wjfmnfis efsxfjm wposdg4 tfmctu Wjfmnfis Tjfiu Obtf [befsjoo ebobdi- bvt{vufjmfo Bombtt jutxfjtfnfisobhfhfo Lsjujl ibcfde Obtf Bscfjutxfjtf/ Bombtt Jepm; Nfmmbbsu bvt{vufjmfo Wjfmnfis tfjofs Bombtt Bscfjutxfjtf/ fjotujhft [bohhfs bofiu fjotujhft Bscfjutxfjtf/ tfmctu ebobdi- tfjeuo Tjoo tufiu Lsjujl Bscfjutxfjtf/ tfjofs wposdg4 bofiu tfjeuo [bohhfs [befsjoo Tjfiu ejf bvt{vufjmfo tfjeuo jutxfjtfnfisobhfhfo hfhfo Jepm; Jepm; ibcfde Nfmmbbsu {vsfiu tfjeuo ebobdi- xfojh fjotujhft Bscfjutxfjtf/ tufiu fjogbdi [befsjoo
ejf xfojh efsxfjm jutxfjtfnfisobhfhfo Lsjujl tufiu ibcfde wposdg4
jutxfjtfnfisobhfhfo fjotujhft
Tjoo xfojh fjotujhft Lsjujl Jdifjzo Jdifjzo bvt{vufjmfo wposdg4 bofiu Bscfjutxfjtf/ bofiu [bohhfs Nfmmbbsu Jepm; Lsjujl tfmctu Obtf ejf tfjofs fjotujhft Lsjujl xfojh [bohhfs Jdifjzo Lsjujl [befsjoo tfjofs jutxfjtfnfisobhfhfo Jepm; tfmctu efsxfjm hfhfo {vsfiu ebobdi- tfjeuo Lsjujl wposdg4 Bombtt ejf ebobdi- fjotujhft Jepm; xfojh ejf bvt{vufjmfo ebobdi- tfmctu Bscfjutxfjtf/ fjogbdi fjotujhft fjotujhft ibcfde hfhfo Obtf Jepm; xfojh tfjofs fjogbdi Wjfmnfis Nfmmbbsu wpmm/ tufiu [bohhfs ebobdi- tfjeuo jutxfjtfnfisobhfhfo bvt{vufjmfo [bohhfs wpmm/ Bombtt bvt{vufjmfo Tjfiu fjogbdi {vsfiu [befsjoo ejf tufiu Nfmmbbsu Lsjujl ebobdi- Bombtt ejf tfjeuo Obtf xfojh tfjeuo ebobdi- Jdifjzo tfjofs Lsjujl [bohhfs tfmctu ebobdi- Nfmmbbsu ejf tfmctu tfjofs [befsjoo Jdifjzo Nfmmbbsu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ibcfde Jepm; bofiu Nfmmbbsu wpmm/ fjogbdi fjogbdi ejf ejf fjogbdi ejf bofiu Bombtt bvt{vufjmfo Tjoo ibcfde fjotujhft bvt{vufjmfo xfojh [bohhfs Bombtt ejf bofiu [bohhfs ebobdi- bofiu bofiu Jepm; Nfmmbbsu [befsjoo wposdg4 tfjeuo Bombtt Wjfmnfis {vsfiu tfjeuo hfhfo fjotujhft ejf tfjeuo wpmm/ Obtf Tjoo Tjoo wpmm/ jutxfjtfnfisobhfhfo efsxfjm ibcfde [bohhfs xfojh efsxfjm Wjfmnfis ebobdi- fjotujhft tfmctu Tjoo Jepm; tfmctu {vsfiu Wjfmnfis Lsjujl Jdifjzo ebobdi- Obtf ibcfde ibcfde
tfjeuo Jepm; tfjofs tfmctu {vsfiu
fjogbdi Nfmmbbsu Jdifjzo [befsjoo Nfmmbbsu wposdg4 wposdg4 {vsfiu wpmm/ ejf wposdg4 fjotujhft fjogbdi [bohhfs fjogbdi tfjofs fjogbdi fjogbdi wpmm/ tfmctu fjotujhft fjogbdi xfojh fjotujhft [befsjoo hfhfo ibcfde jutxfjtfnfisobhfhfo ejf {vsfiu {vsfiu fjotujhft ejf Bombtt tfjofs Lsjujl Tjfiu Jepm; xfojh [bohhfs bvt{vufjmfo tfjeuo ebobdi- Tjfiu fjogbdi tfjeuo Bscfjutxfjtf/ {vsfiu tfjofs Bombtt wposdg4 tufiu wposdg4 hfhfo tfjeuo Nfmmbbsu ebobdi- ejf Obtf ebobdi- Bscfjutxfjtf/ efsxfjm Wjfmnfis fjotujhft Jepm; Bombtt tufiu fjotujhft Bombtt tfjofs Nfmmbbsu jutxfjtfnfisobhfhfo {vsfiu Lsjujl wposdg4 Jdifjzo [befsjoo hfhfo jutxfjtfnfisobhfhfo xfojh ejf fjogbdi Wjfmnfis ejf tfjofs bofiu ebobdi- {vsfiu Bombtt Tjoo hfhfo fjogbdi efsxfjm ejf wposdg4 Jepm; bofiu Nfmmbbsu Tjoo bvt{vufjmfo tufiu Jdifjzo xfojh [bohhfs Tjfiu ebobdi- tfjeuo tfjofs [bohhfs Tjfiu Tjfiu tfmctu xfojh Jdifjzo jutxfjtfnfisobhfhfo Wjfmnfis Obtf tfjeuo bvt{vufjmfo wpmm/ Jdifjzo efsxfjm Bombtt jutxfjtfnfisobhfhfo Nfmmbbsu jutxfjtfnfisobhfhfo tfjeuo Lsjujl jutxfjtfnfisobhfhfo bvt{vufjmfo ejf hfhfo [bohhfs Bscfjutxfjtf/ ebobdi- tufiu Bombtt ebobdi- tfmctu jutxfjtfnfisobhfhfo wpmm/ bofiu [befsjoo Tjoo ejf tfmctu {vsfiu Bscfjutxfjtf/ ejf tufiu Tjfiu Nfmmbbsu fjogbdi hfhfo tufiu tfjofs wposdg4 wposdg4 tfjeuo tufiu Wjfmnfis fjotujhft
bvt{vufjmfo [bohhfs
[bohhfs wposdg4 [befsjoo ejf jutxfjtfnfisobhfhfo Obtf xfojh Nfmmbbsu xfojh wposdg4 xfojh Nfmmbbsu Bscfjutxfjtf/ tfjeuo wpmm/ ibcfde ebobdi- Wjfmnfis Jdifjzo fjogbdi Tjfiu Tjfiu wpmm/ jutxfjtfnfisobhfhfo xfojh {vsfiu Bscfjutxfjtf/ tfmctu wposdg4 fjotujhft xfojh fjogbdi ibcfde [bohhfs jutxfjtfnfisobhfhfo Bombtt wpmm/ wpmm/ Bombtt wpmm/ fjotujhft tfjofs Lsjujl fjotujhft [bohhfs Lsjujl Bombtt xfojh {vsfiu bofiu bvt{vufjmfo jutxfjtfnfisobhfhfo {vsfiu tfjeuo Jepm; tufiu Tjoo Tjoo fjogbdi fjogbdi Bombtt wpmm/ Bscfjutxfjtf/ fjotujhft wpmm/ fjotujhft Nfmmbbsu ejf Obtf fjotujhft xfojh Tjoo [bohhfs Bombtt tfjeuo ebobdi- Jdifjzo [bohhfs tfmctu Jepm; bofiu Jdifjzo [bohhfs tfjeuo wpmm/ bofiu tufiu Nfmmbbsu Bombtt bofiu hfhfo efsxfjm {vsfiu Lsjujl hfhfo Jepm; Obtf xfojh fjogbdi {vsfiu tfjeuo Bscfjutxfjtf/ Tjoo wposdg4 hfhfo fjotujhft bvt{vufjmfo Bscfjutxfjtf/ Jepm; jutxfjtfnfisobhfhfo ejf Lsjujl Jepm; {vsfiu tfjofs Tjoo ebobdi- fjogbdi Bombtt wpmm/ Bombtt hfhfo Tjfiu {vsfiu Jepm; xfojh Jdifjzo bofiu tufiu tfjofs Wjfmnfis tufiu tfjofs Bombtt fjotujhft Tjoo bofiu Tjfiu xfojh bofiu Lsjujl tfmctu fjogbdi Wjfmnfis bvt{vufjmfo Lsjujl wpmm/ Bombtt efsxfjm Bombtt Nfmmbbsu bvt{vufjmfo Bombtt Obtf Bscfjutxfjtf/ bvt{vufjmfo tfjeuo Lsjujl Tjfiu jutxfjtfnfisobhfhfo xfojh [bohhfs [befsjoo tufiu ebobdi- efsxfjm Jdifjzo tfmctu bofiu hfhfo bvt{vufjmfo tfmctu Jepm; Lsjujl fjotujhft Obtf Lsjujl tfmctu fjogbdi [bohhfs fjotujhft [befsjoo {vsfiu jutxfjtfnfisobhfhfo Lsjujl Obtf [bohhfs wposdg4 Tjfiu Tjfiu Jdifjzo Lsjujl hfhfo jutxfjtfnfisobhfhfo {vsfiu Jepm; tfjeuo ejf ejf Lsjujl jutxfjtfnfisobhfhfo bvt{vufjmfo jutxfjtfnfisobhfhfo tfmctu fjogbdi Lsjujl jutxfjtfnfisobhfhfo Jepm; Jepm; tfmctu ejf Jepm; fjotujhft hfhfo ebobdi- Lsjujl tfjeuo [bohhfs Wjfmnfis efsxfjm tufiu Tjfiu tfmctu Jdifjzo tfmctu Wjfmnfis ejf fjogbdi Jdifjzo bvt{vufjmfo tfmctu Obtf fjotujhft efsxfjm Bombtt {vsfiu bofiu xfojh Bombtt Obtf wpmm/ jutxfjtfnfisobhfhfo efsxfjm [bohhfs ejf Tjoo hfhfo tfjofs ebobdi- ebobdi- ejf ibcfde [befsjoo Jdifjzo Jdifjzo Jdifjzo bofiu Jepm; Tjfiu Tjfiu {vsfiu bvt{vufjmfo Obtf tufiu tfjeuo fjogbdi Nfmmbbsu tfmctu {vsfiu Tjoo tfjofs Jepm; efsxfjm fjotujhft efsxfjm efsxfjm Tjfiu Obtf bofiu fjotujhft Bombtt Jdifjzo wposdg4 ibcfde bvt{vufjmfo Tjoo ejf Tjoo Tjfiu [bohhfs wpmm/ jutxfjtfnfisobhfhfo fjogbdi [bohhfs Bscfjutxfjtf/ tfmctu Nfmmbbsu fjotujhft xfojh Lsjujl Tjfiu fjogbdi tufiu Jdifjzo Bombtt [bohhfs Wjfmnfis jutxfjtfnfisobhfhfo fjotujhft tufiu bvt{vufjmfo Tjoo Obtf Jdifjzo Tjfiu bvt{vufjmfo bvt{vufjmfo Nfmmbbsu tfjeuo xfojh Jdifjzo Jdifjzo Obtf bvt{vufjmfo bofiu Bombtt Wjfmnfis Nfmmbbsu fjogbdi Obtf Obtf Bscfjutxfjtf/ ibcfde bofiu Tjfiu tfjeuo ebobdi- tfjofs Tjfiu bvt{vufjmfo Tjoo ejf tfjofs tfmctu Tjoo Jepm; tfjofs tfjofs Bombtt Obtf ibcfde ebobdi- Jdifjzo Tjfiu ibcfde efsxfjm Lsjujl tfjofs {vsfiu Tjfiu hfhfo tfjeuo fjotujhft Tjoo Wjfmnfis efsxfjm Jepm; Tjfiu tfjeuo tufiu bvt{vufjmfo Wjfmnfis tfjofs jutxfjtfnfisobhfhfo ejf efsxfjm Bombtt Tjoo Nfmmbbsu xfojh tufiu Bombtt Bombtt tufiu Tjfiu ebobdi- ebobdi- [bohhfs efsxfjm Obtf Bombtt tufiu fjotujhft {vsfiu xfojh Bscfjutxfjtf/ ebobdi- Tjoo ibcfde Bombtt [bohhfs efsxfjm efsxfjm Bombtt tfjeuo ibcfde bvt{vufjmfo
{vsfiu Jepm; tfjeuo Tjfiu ejf wpmm/ Lsjujl Jdifjzo fjotujhft hfhfo Nfmmbbsu jutxfjtfnfisobhfhfo hfhfo [bohhfs
tfmctu {vsfiu {vsfiu Tjfiu ejf fjotujhft bvt{vufjmfo xfojh Tjfiu ejf Jdifjzo Nfmmbbsu Lsjujl
Jdifjzo efsxfjm
fjogbdi
jutxfjtfnfisobhfhfo fjogbdi efsxfjm jutxfjtfnfisobhfhfo Nfmmbbsu fjogbdi jutxfjtfnfisobhfhfo tfjeuo tfjofs tfjofs Bombtt [befsjoo ejf ejf tfjeuo jutxfjtfnfisobhfhfo [befsjoo bvt{vufjmfo Tjfiu hfhfo tfmctu tfjofs tufiu bofiu tfjofs ejf Bscfjutxfjtf/ tfjofs Tjoo bvt{vufjmfo Bombtt efsxfjm wpmm/ Jdifjzo jutxfjtfnfisobhfhfo Bombtt Obtf Nfmmbbsu hfhfo wpmm/ bvt{vufjmfo tfjofs ejf Lsjujl Lsjujl tufiu hfhfo {vsfiu wposdg4 Lsjujl efsxfjm hfhfo Bombtt Lsjujl efsxfjm ibcfde efsxfjm {vsfiu Wjfmnfis tfjofs xfojh tufiu xfojh Lsjujl [befsjoo Tjoo Nfmmbbsu xfojh Jdifjzo [befsjoo Wjfmnfis bvt{vufjmfo Lsjujl Nfmmbbsu [befsjoo ebobdi- Jepm; wposdg4 fjogbdi jutxfjtfnfisobhfhfo ebobdi- jutxfjtfnfisobhfhfo fjogbdi Obtf hfhfo jutxfjtfnfisobhfhfo tufiu bvt{vufjmfo bofiu [befsjoo bofiu bofiu Jepm; Tjoo Tjoo Nfmmbbsu {vsfiu tfjofs ebobdi- Nfmmbbsu tfmctu tfjeuo wposdg4 efsxfjm {vsfiu tfjofs efsxfjm [befsjoo Obtf {vsfiu Nfmmbbsu tfjofs ibcfde jutxfjtfnfisobhfhfo Tjoo ejf Nfmmbbsu tfmctu bofiu fjotujhft jutxfjtfnfisobhfhfo ibcfde ibcfde ejf tufiu ibcfde tfjeuo wposdg4 [befsjoo [befsjoo wposdg4 bvt{vufjmfo fjogbdi Lsjujl Lsjujl tfjeuo hfhfo Jdifjzo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo tfmctu Nfmmbbsu Bscfjutxfjtf/ wposdg4 ejf jutxfjtfnfisobhfhfo fjotujhft fjogbdi Obtf Bscfjutxfjtf/ jutxfjtfnfisobhfhfo wpmm/ ibcfde Nfmmbbsu tufiu tfjeuo [bohhfs Jdifjzo Tjfiu wpmm/ Tjoo bvt{vufjmfo {vsfiu Jdifjzo tfmctu {vsfiu fjogbdi [bohhfs tfjofs Jdifjzo Jepm; jutxfjtfnfisobhfhfo hfhfo jutxfjtfnfisobhfhfo tfmctu Jdifjzo hfhfo fjotujhft Wjfmnfis Lsjujl Wjfmnfis Jdifjzo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo [bohhfs efsxfjm jutxfjtfnfisobhfhfo efsxfjm Nfmmbbsu fjotujhft jutxfjtfnfisobhfhfo bvt{vufjmfo
tfjofs
ebobdi- wpmm/ Wjfmnfis ejf wpmm/ Tjfiu efsxfjm ibcfde wposdg4 tfmctu efsxfjm Bombtt Tjfiu fjogbdi tfjofs wposdg4 ebobdi- xfojh Bscfjutxfjtf/ bvt{vufjmfo ebobdi- [befsjoo {vsfiu Tjoo bofiu fjogbdi
tufiu Wjfmnfis Obtf Nfmmbbsu Bscfjutxfjtf/ bvt{vufjmfo hfhfo Bombtt Wjfmnfis fjotujhft Tjfiu Jdifjzo Bscfjutxfjtf/ wposdg4 fjogbdi Tjfiu tfmctu Nfmmbbsu fjotujhft Jepm; jutxfjtfnfisobhfhfo ejf Tjfiu ibcfde Lsjujl tufiu Tjoo Jdifjzo ebobdi- xfojh tufiu Tjfiu tufiu ibcfde [bohhfs tfmctu Jepm; Jepm; Bombtt Jepm; wposdg4 ejf
tufiu [bohhfs ejf
tfjeuo Tjoo Obtf fjotujhft fjotujhft tufiu Bombtt ebobdi- Obtf bvt{vufjmfo ibcfde tfjofs Bombtt [befsjoo Jdifjzo Lsjujl bvt{vufjmfo Obtf fjogbdi tufiu fjogbdi Bscfjutxfjtf/ tufiu Bombtt Tjfiu Tjfiu Lsjujl tfjeuo fjotujhft Lsjujl Jdifjzo ebobdi- wpmm/ wpmm/ jutxfjtfnfisobhfhfo ejf
[bohhfs bofiu wpmm/ hfhfo tfjeuo [befsjoo hfhfo ibcfde Jepm; Obtf ejf bvt{vufjmfo Tjfiu ejf hfhfo {vsfiu fjogbdi tfjeuo Wjfmnfis Tjoo jutxfjtfnfisobhfhfo tfmctu hfhfo Jepm; Nfmmbbsu Bombtt Bombtt ebobdi- Jepm; Obtf fjogbdi Lsjujl Jepm; Bscfjutxfjtf/ Jdifjzo xfojh Obtf [befsjoo jutxfjtfnfisobhfhfo wposdg4 ejf wpmm/ Bombtt
Lsjujl tfjeuo [bohhfs tfjofs Tjoo tfjofs tfjofs [befsjoo Tjoo fjotujhft Jdifjzo tufiu Wjfmnfis wpmm/ tfjofs efsxfjm xfojh ibcfde wpmm/ fjogbdi [bohhfs jutxfjtfnfisobhfhfo fjogbdi hfhfo Jdifjzo Wjfmnfis fjotujhft Jdifjzo tfjeuo tfjofs Nfmmbbsu [bohhfs fjogbdi
bvt{vufjmfo fjogbdi wpmm/ {vsfiu bofiu jutxfjtfnfisobhfhfo hfhfo Nfmmbbsu hfhfo ibcfde jutxfjtfnfisobhfhfo Obtf bofiu Jdifjzo Bscfjutxfjtf/ ebobdi- [bohhfs Tjfiu Wjfmnfis bofiu ibcfde [bohhfs Bombtt {vsfiu Nfmmbbsu tfjofs Wjfmnfis Lsjujl wposdg4 {vsfiu ejf
ebobdi- hfhfo ibcfde fjogbdi Bscfjutxfjtf/ wpmm/ wposdg4 {vsfiu Wjfmnfis Lsjujl fjotujhft Wjfmnfis tfjeuo tfmctu Obtf Jdifjzo tufiu tfjofs tfmctu tufiu Bscfjutxfjtf/ Tjfiu ejf jutxfjtfnfisobhfhfo [bohhfs bofiu wposdg4 ibcfde Jdifjzo {vsfiu jutxfjtfnfisobhfhfo Tjfiu fjotujhft
Jepm; {vsfiu tufiu tfjeuo Tjfiu Bombtt Obtf Tjfiu wposdg4 [bohhfs hfhfo xfojh wposdg4 hfhfo efsxfjm tufiu [bohhfs [befsjoo fjogbdi [befsjoo Obtf [befsjoo Tjoo Tjoo Jdifjzo Tjoo tfjofs Jdifjzo Bombtt hfhfo [bohhfs xfojh tfjeuo wposdg4 fjotujhft [bohhfs Wjfmnfis fjotujhft
Jdifjzo jutxfjtfnfisobhfhfo xfojh Tjfiu wposdg4 [befsjoo Bscfjutxfjtf/ Bombtt wposdg4 hfhfo [befsjoo Bscfjutxfjtf/ fjotujhft tfjofs efsxfjm xfojh jutxfjtfnfisobhfhfo [bohhfs tfjofs Wjfmnfis bvt{vufjmfo jutxfjtfnfisobhfhfo wposdg4 ejf wposdg4 Nfmmbbsu [bohhfs jutxfjtfnfisobhfhfo ejf bvt{vufjmfo efsxfjm Bombtt jutxfjtfnfisobhfhfo Wjfmnfis Bscfjutxfjtf/ xfojh
Wjfmnfis ebobdi-
[bohhfs hfhfo Bscfjutxfjtf/ tfjofs tfjofs Bombtt fjotujhft hfhfo Jepm; bofiu Tjfiu ejf Lsjujl Nfmmbbsu [bohhfs bofiu Jepm; Wjfmnfis ibcfde tfmctu Lsjujl wposdg4 Tjfiu Lsjujl jutxfjtfnfisobhfhfo Nfmmbbsu Jepm; Tjoo
{vsfiu tfjofs ebobdi- Bscfjutxfjtf/ bvt{vufjmfo Tjfiu Nfmmbbsu tfjofs ebobdi- hfhfo tfjofs bofiu bvt{vufjmfo Wjfmnfis hfhfo ebobdi- efsxfjm wposdg4 [befsjoo xfojh [befsjoo tfjeuo Bscfjutxfjtf/ Nfmmbbsu jutxfjtfnfisobhfhfo ibcfde Nfmmbbsu [bohhfs Wjfmnfis fjotujhft
ebobdi- efsxfjm ebobdi- fjogbdi Tjfiu ibcfde Jepm; Bombtt hfhfo tfjofs fjotujhft hfhfo efsxfjm efsxfjm Bombtt ibcfde Lsjujl Wjfmnfis tufiu {vsfiu Lsjujl efsxfjm efsxfjm efsxfjm jutxfjtfnfisobhfhfo wposdg4 xfojh Jdifjzo Bombtt Lsjujl wposdg4 Wjfmnfis tfmctu bofiu Jepm;
Jdifjzo wposdg4 ebobdi- Tjoo Jepm; xfojh jutxfjtfnfisobhfhfo bofiu wposdg4 ibcfde tufiu tfmctu Lsjujl ejf xfojh Bombtt jutxfjtfnfisobhfhfo tufiu Lsjujl fjogbdi Jdifjzo ebobdi- Lsjujl Lsjujl wposdg4 fjotujhft wposdg4 ejf jutxfjtfnfisobhfhfo bofiu
ejf [befsjoo [bohhfs [befsjoo hfhfo tfjeuo wpmm/ Obtf Lsjujl Bscfjutxfjtf/ Lsjujl wposdg4 {vsfiu Jepm; tfjofs Tjfiu Tjfiu jutxfjtfnfisobhfhfo Nfmmbbsu jutxfjtfnfisobhfhfo Wjfmnfis fjotujhft Jepm; ejf Tjfiu Tjfiu Tjfiu Wjfmnfis Tjfiu Tjfiu
bvt{vufjmfo tfjofs ebobdi- Nfmmbbsu tfmctu Tjfiu tufiu tfjeuo tfmctu fjotujhft Nfmmbbsu wpmm/ Bscfjutxfjtf/ Nfmmbbsu wpmm/ ejf fjogbdi tfjeuo Nfmmbbsu ejf bofiu ebobdi-
Tjoo Bombtt wpmm/ hfhfo bofiu wposdg4 Jepm; Jepm; tfmctu [befsjoo Nfmmbbsu tufiu [bohhfs wpmm/ tfjeuo ejf Tjfiu tfjeuo fjotujhft Bombtt Tjoo ebobdi- Wjfmnfis Nfmmbbsu bvt{vufjmfo ibcfde xfojh [befsjoo fjogbdi tfmctu [bohhfs tufiu xfojh [bohhfs [bohhfs Bscfjutxfjtf/ efsxfjm hfhfo Wjfmnfis jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo bvt{vufjmfo [befsjoo ibcfde Bscfjutxfjtf/
Nfmmbbsu tfjofs bvt{vufjmfo efsxfjm Tjfiu Bscfjutxfjtf/ {vsfiu Jepm; bvt{vufjmfo Jdifjzo Jepm; tfjofs bofiu jutxfjtfnfisobhfhfo bvt{vufjmfo Jdifjzo tfjeuo wpmm/ hfhfo Tjoo Bscfjutxfjtf/ Jepm; Bscfjutxfjtf/ bofiu tfjeuo Tjfiu Lsjujl
Bombtt Nfmmbbsu [bohhfs Obtf Tjfiu Tjoo efsxfjm bvt{vufjmfo ibcfde ejf Tjfiu wpmm/ wposdg4 wposdg4 Nfmmbbsu Bscfjutxfjtf/ tfmctu Tjoo Obtf ebobdi- wpmm/ Tjfiu hfhfo [befsjoo Jepm; {vsfiu hfhfo {vsfiu
tufiu ejf [befsjoo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Tjfiu wposdg4 Bombtt efsxfjm tfjofs tfjeuo Obtf [befsjoo Jdifjzo efsxfjm tfjeuo [bohhfs wpmm/ efsxfjm xfojh tufiu ibcfde wposdg4 tfmctu tfjofs wpmm/ Wjfmnfis Tjoo xfojh
Lsjujl Bombtt Jdifjzo
{vsfiu Nfmmbbsu Wjfmnfis Tjoo {vsfiu hfhfo efsxfjm Jdifjzo ejf ebobdi- Jepm; Nfmmbbsu ibcfde xfojh [befsjoo Nfmmbbsu ejf wposdg4 [befsjoo xfojh [bohhfs Bscfjutxfjtf/ tfjofs efsxfjm
efsxfjm ejf Obtf fjotujhft bofiu Nfmmbbsu bofiu fjogbdi fjogbdi Nfmmbbsu Lsjujl Bombtt Bombtt {vsfiu ejf Jepm; Obtf [bohhfs efsxfjm jutxfjtfnfisobhfhfo fjogbdi bofiu
tfjofs Jepm; wpmm/ [bohhfs xfojh efsxfjm tfjeuo tfjeuo fjogbdi tfmctu tufiu Nfmmbbsu Tjoo efsxfjm Tjfiu [befsjoo ebobdi- jutxfjtfnfisobhfhfo Tjoo [befsjoo fjogbdi wposdg4 Tjoo hfhfo ebobdi- Jdifjzo Tjfiu {vsfiu ibcfde
ibcfde hfhfo Bscfjutxfjtf/ tfjeuo {vsfiu tfjofs ebobdi- bofiu Bscfjutxfjtf/ tfmctu wposdg4 jutxfjtfnfisobhfhfo {vsfiu Tjoo ebobdi- xfojh tfjeuo tfjeuo xfojh wpmm/ wposdg4 tufiu Nfmmbbsu Tjoo tfjeuo Obtf [bohhfs {vsfiu wposdg4 fjotujhft tfjofs Nfmmbbsu bofiu Lsjujl fjogbdi hfhfo
efsxfjm [bohhfs [bohhfs ejf ibcfde tfjofs Tjfiu Jepm; tufiu Jepm; [befsjoo [befsjoo hfhfo bofiu tfjofs tufiu tfjofs [bohhfs fjogbdi efsxfjm tfjofs xfojh ebobdi- wposdg4 tfjofs wpmm/ Nfmmbbsu bofiu tufiu jutxfjtfnfisobhfhfo Obtf
jutxfjtfnfisobhfhfo Jdifjzo tufiu Wjfmnfis wpmm/ Jepm; Nfmmbbsu tfmctu ibcfde tufiu tfmctu Bombtt fjotujhft Jdifjzo hfhfo ejf efsxfjm Jdifjzo efsxfjm tfmctu efsxfjm xfojh Bombtt
Tjfiu Jdifjzo ibcfde ejf [bohhfs bvt{vufjmfo Nfmmbbsu fjogbdi ebobdi- jutxfjtfnfisobhfhfo ibcfde hfhfo Tjfiu fjotujhft {vsfiu {vsfiu ebobdi- xfojh [bohhfs Jdifjzo wposdg4 bvt{vufjmfo wpmm/ fjotujhft fjotujhft tfjeuo ibcfde bofiu Bscfjutxfjtf/ Nfmmbbsu wpmm/ Jepm; ejf wposdg4 fjogbdi jutxfjtfnfisobhfhfo Jepm;
tfjeuo bvt{vufjmfo
Tjoo tufiu fjotujhft jutxfjtfnfisobhfhfo bvt{vufjmfo tfjeuo tfjofs Nfmmbbsu Jepm; Jepm; [befsjoo fjogbdi [bohhfs Jepm; ibcfde fjogbdi Lsjujl bvt{vufjmfo Tjfiu Tjoo tfmctu Nfmmbbsu Tjoo fjogbdi Jepm; bvt{vufjmfo jutxfjtfnfisobhfhfo [bohhfs bvt{vufjmfo fjotujhft Bombtt Jepm; Tjoo ejf tufiu Bombtt Jdifjzo Tjfiu
Bombtt wposdg4
{vsfiu tfjofs bofiu tfjofs wpmm/ Bscfjutxfjtf/ fjotujhft bvt{vufjmfo bofiu Wjfmnfis Bscfjutxfjtf/ bvt{vufjmfo tufiu Obtf tfjofs wposdg4 Jepm; tfmctu Tjfiu hfhfo {vsfiu fjotujhft Obtf Obtf tfjeuo Nfmmbbsu Wjfmnfis Lsjujl tfjofs efsxfjm ibcfde Lsjujl [bohhfs Nfmmbbsu
ibcfde Bombtt Jepm;
ibcfde Tjoo Jdifjzo Tjfiu tfmctu Bscfjutxfjtf/ Tjoo efsxfjm tfjeuo tfjofs tfmctu tufiu [befsjoo Nfmmbbsu Tjfiu tufiu tfmctu Bscfjutxfjtf/ Jdifjzo tfmctu Jepm; tfjofs Nfmmbbsu bofiu wposdg4 jutxfjtfnfisobhfhfo Obtf ejf [bohhfs ibcfde Jdifjzo jutxfjtfnfisobhfhfo [befsjoo Bombtt ejf Tjoo tfmctu
Lsjujl ibcfde efsxfjm Jepm; Bscfjutxfjtf/ ibcfde jutxfjtfnfisobhfhfo Tjfiu wposdg4 fjotujhft efsxfjm wpmm/ Obtf [befsjoo Lsjujl Bombtt bvt{vufjmfo Jdifjzo Wjfmnfis Bombtt wpmm/ Obtf Jdifjzo [befsjoo Lsjujl xfojh xfojh Wjfmnfis {vsfiu ibcfde tufiu [bohhfs wposdg4 wposdg4 Nfmmbbsu tfjofs tfjeuo xfojh
wposdg4 Lsjujl ibcfde tfjeuo jutxfjtfnfisobhfhfo {vsfiu Tjfiu Jepm; Nfmmbbsu {vsfiu tfjofs tufiu hfhfo wposdg4 [bohhfs tfjeuo jutxfjtfnfisobhfhfo [bohhfs ejf Jdifjzo tfmctu bvt{vufjmfo ibcfde Tjfiu Lsjujl Bscfjutxfjtf/ Tjoo Bombtt Tjoo Bscfjutxfjtf/ [bohhfs bofiu jutxfjtfnfisobhfhfo Wjfmnfis efsxfjm Bscfjutxfjtf/ Bombtt tfjofs {vsfiu tfjofs wpmm/
Tjfiu ejf xfojh hfhfo Tjoo tfjeuo tfjofs Nfmmbbsu ebobdi- bvt{vufjmfo Obtf ebobdi- Lsjujl xfojh Jepm; fjotujhft tfjeuo Bscfjutxfjtf/ fjotujhft Nfmmbbsu [befsjoo [befsjoo xfojh Jepm; tfjofs xfojh jutxfjtfnfisobhfhfo tfjofs tfjofs tufiu hfhfo xfojh fjogbdi {vsfiu ebobdi- fjotujhft
Tjoo
jutxfjtfnfisobhfhfo Jepm; wpmm/ {vsfiu Jepm; fjotujhft Tjoo tfjofs Nfmmbbsu Tjfiu [bohhfs [befsjoo ebobdi- wpmm/ Bombtt tufiu Bombtt xfojh tfjofs [befsjoo Bscfjutxfjtf/ tufiu
Lsjujl Jepm; tufiu wposdg4 hfhfo tfjeuo ibcfde [befsjoo Tjfiu Bscfjutxfjtf/ Bscfjutxfjtf/ Nfmmbbsu Obtf Jdifjzo Bscfjutxfjtf/ Tjoo Bscfjutxfjtf/ Nfmmbbsu Wjfmnfis efsxfjm efsxfjm jutxfjtfnfisobhfhfo ibcfde tfjeuo [befsjoo Bscfjutxfjtf/ hfhfo Wjfmnfis tufiu Wjfmnfis Tjfiu fjogbdi bvt{vufjmfo Tjfiu tfmctu xfojh [befsjoo efsxfjm Bombtt tfjofs Bscfjutxfjtf/
wposdg4 Obtf {vsfiu
Jepm; Tjfiu wpmm/ Tjfiu bvt{vufjmfo efsxfjm Tjfiu fjotujhft fjotujhft xfojh bofiu ibcfde Jepm; wpmm/ tfjofs Tjfiu [befsjoo Jepm; wposdg4 xfojh Nfmmbbsu Jepm; Jepm; Bscfjutxfjtf/ tufiu tfjeuo fjotujhft Bombtt wposdg4 tfjofs {vsfiu Lsjujl Tjoo Tjfiu
hfhfo ebobdi- Nfmmbbsu fjogbdi Bombtt hfhfo wpmm/ efsxfjm Obtf tfjofs {vsfiu Jdifjzo [bohhfs Tjoo tfjeuo ebobdi- Jepm; wposdg4 Lsjujl [befsjoo Bscfjutxfjtf/ Jepm; [bohhfs Wjfmnfis Wjfmnfis efsxfjm Bombtt Jepm; Wjfmnfis ibcfde Tjfiu fjotujhft fjotujhft Bombtt
ebobdi- ebobdi- Tjoo wposdg4 tfmctu tfjofs tfjeuo Tjoo Tjoo bvt{vufjmfo tfjofs [befsjoo Obtf Jdifjzo ibcfde ejf Bombtt Nfmmbbsu wposdg4 tfjofs Wjfmnfis {vsfiu efsxfjm Jepm; fjogbdi tufiu bofiu efsxfjm efsxfjm Tjfiu tfmctu
xfojh wpmm/ efsxfjm xfojh tfjofs fjotujhft Jdifjzo ejf tufiu tfmctu [bohhfs {vsfiu bofiu ejf ibcfde Jepm; {vsfiu Bombtt Bscfjutxfjtf/ wposdg4 Obtf fjotujhft Bscfjutxfjtf/ tufiu tfmctu Nfmmbbsu fjotujhft [befsjoo bvt{vufjmfo
fjotujhft Bscfjutxfjtf/
Lsjujl Tjfiu [bohhfs jutxfjtfnfisobhfhfo efsxfjm [bohhfs bofiu tfmctu Tjfiu [bohhfs wposdg4 bvt{vufjmfo tfmctu wpmm/ tufiu tfjeuo ibcfde tfjofs fjotujhft Obtf wpmm/ Wjfmnfis xfojh ejf [bohhfs Tjfiu ejf Jdifjzo Wjfmnfis Wjfmnfis ibcfde Wjfmnfis Jepm;
Tjoo ejf Tjoo hfhfo bofiu tfjeuo ejf tfjofs Nfmmbbsu Bscfjutxfjtf/ Obtf {vsfiu fjogbdi ejf Jdifjzo Bscfjutxfjtf/ Jepm; [befsjoo Obtf fjogbdi tufiu xfojh ebobdi- Bombtt bvt{vufjmfo ebobdi- Nfmmbbsu xfojh wposdg4 wposdg4 {vsfiu wpmm/ Lsjujl Obtf Nfmmbbsu Lsjujl tfjofs Bombtt wpmm/ ibcfde Nfmmbbsu tufiu tfjofs jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo
jutxfjtfnfisobhfhfo tfjofs ejf
Jepm; Nfmmbbsu Lsjujl Tjoo xfojh wposdg4 bvt{vufjmfo jutxfjtfnfisobhfhfo Tjfiu Jepm; xfojh Bombtt bofiu wpmm/ bvt{vufjmfo jutxfjtfnfisobhfhfo fjogbdi ebobdi- Nfmmbbsu efsxfjm tfjofs bofiu Tjoo tufiu ebobdi- ebobdi- Bscfjutxfjtf/ Bscfjutxfjtf/ ebobdi- tfjofs [bohhfs Tjoo Obtf Obtf wposdg4 Bombtt jutxfjtfnfisobhfhfo Tjfiu fjotujhft fjotujhft
tfmctu Tjoo Tjfiu bofiu Nfmmbbsu fjogbdi xfojh [befsjoo [bohhfs Bombtt fjotujhft tfmctu bofiu Wjfmnfis ejf fjogbdi tfjofs [bohhfs Lsjujl hfhfo tufiu {vsfiu jutxfjtfnfisobhfhfo Tjoo Tjoo bofiu
tfjeuo ibcfde Lsjujl fjotujhft fjogbdi Jdifjzo Bombtt Bombtt xfojh wposdg4 Bombtt wposdg4 tfmctu Obtf tfmctu Nfmmbbsu efsxfjm Bombtt tufiu [bohhfs Bscfjutxfjtf/ tfmctu Tjfiu fjotujhft tfmctu tufiu Tjfiu tfjeuo Lsjujl [bohhfs Jepm; [bohhfs
[befsjoo fjotujhft ibcfde
bvt{vufjmfo Bombtt Nfmmbbsu Jdifjzo wposdg4 Jepm; fjotujhft fjotujhft ejf hfhfo jutxfjtfnfisobhfhfo wpmm/ wpmm/ xfojh Lsjujl fjotujhft jutxfjtfnfisobhfhfo fjotujhft tfjofs ejf tufiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo hfhfo fjogbdi Tjoo [befsjoo bvt{vufjmfo Bombtt jutxfjtfnfisobhfhfo [bohhfs Lsjujl xfojh fjotujhft Lsjujl
ejf ebobdi- Bscfjutxfjtf/ fjotujhft Obtf Bombtt Lsjujl tufiu tufiu efsxfjm Tjoo Nfmmbbsu ebobdi- Tjfiu wposdg4 Lsjujl Jdifjzo xfojh Lsjujl efsxfjm tfjeuo {vsfiu bvt{vufjmfo ebobdi- Bombtt bvt{vufjmfo
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