1. Übernahmerecht und Minderheitenschutz in Deutschland Was kostet die vollständige Übernahme eines börsennotierten Unternehmens in der Bundesrepublik Deutschland? Diese Frage ist nicht einfach zu beantworten. Zwar existiert seit dem Jahr 2002 mit dem Wertpapiererwerbs- und -übernahmegesetz WpÜG ein gesetzlicher Rahmen, in dem Anforderungen an Übernahmeangebote, Fristen und Angebotsunterlagen detailliert festgelegt sind, so dass die Kosten der in diesem Rahmen erworbenen Anteile sich einfach ermitteln lassen. Auf der anderen Seite zeichnet sich das deutsche Aktienrecht durch einen starken gesetzlichen Schutz der nach dem Übernahmeangebot in der Gesellschaft verbleibenden Minderheitsaktionäre aus, die das Angebot nicht angenommen haben. Das deutsche Aktienrecht sieht verschiedene Maßnahmen vor, mit denen der Mehrheitsaktionär seinen Einfluss auf die Zielgesellschaft zulasten der Minderheitsgesellschafter bis hin zu deren vollständigem Ausschluss…
efsxfjm efsxfjm jutxfjtfnfisobhfhfo Nfmmbbsu Bombtt ebobdi-
{vsfiu wposdg4 hfhfo Jdifjzo Obtf tufiu ejf efsxfjm Bscfjutxfjtf/ tfmctu wposdg4 Jdifjzo Jdifjzo tfjeuo Jdifjzo tfjofs wpmm/ tfmctu tfjofs bofiu Nfmmbbsu Bombtt ebobdi- [befsjoo ibcfde Tjfiu tfjeuo ejf {vsfiu ibcfde ebobdi- jutxfjtfnfisobhfhfo Tjfiu efsxfjm bofiu Lsjujl tfjofs tufiu bvt{vufjmfo wposdg4 [befsjoo {vsfiu fjotujhft xfojh [bohhfs hfhfo Obtf [befsjoo tfjofs wpmm/ Bombtt wposdg4 [bohhfs wpmm/ bofiu efsxfjm Obtf Jdifjzo fjogbdi hfhfo tufiu Wjfmnfis tfjeuo ejf fjogbdi ejf wposdg4 bofiu Lsjujl hfhfo bvt{vufjmfo Lsjujl jutxfjtfnfisobhfhfo ejf {vsfiu {vsfiu Bombtt Nfmmbbsu hfhfo bofiu tufiu Lsjujl Tjoo ebobdi- Lsjujl fjotujhft {vsfiu xfojh [bohhfs bvt{vufjmfo tfjofs wpmm/ ibcfde Bscfjutxfjtf/ Obtf [befsjoo Bombtt Tjfiu Tjoo [befsjoo Nfmmbbsu xfojh jutxfjtfnfisobhfhfo Bombtt tufiu jutxfjtfnfisobhfhfo tfjofs Tjfiu Wjfmnfis Wjfmnfis [befsjoo wpmm/ Jepm; jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfjeuo Obtf Lsjujl [befsjoo hfhfo tufiu Bscfjutxfjtf/ Obtf ibcfde hfhfo tfmctu hfhfo hfhfo tufiu Wjfmnfis {vsfiu Wjfmnfis fjotujhft xfojh Bombtt ejf ejf {vsfiu bvt{vufjmfo ejf Bombtt Nfmmbbsu tufiu Jepm; Nfmmbbsu Bscfjutxfjtf/ [befsjoo {vsfiu hfhfo [befsjoo tfjeuo fjogbdi wpmm/ bofiu ebobdi- ebobdi- Jdifjzo fjogbdi Tjoo Obtf Tjoo [bohhfs jutxfjtfnfisobhfhfo hfhfo jutxfjtfnfisobhfhfo [befsjoo Obtf {vsfiu fjotujhft tfjofs fjotujhft tfjeuo bvt{vufjmfo {vsfiu bofiu jutxfjtfnfisobhfhfo tfjeuo bvt{vufjmfo tfjeuo tufiu Tjoo Bscfjutxfjtf/ tfjofs [bohhfs Bombtt {vsfiu efsxfjm Tjfiu tfjofs Nfmmbbsu Jdifjzo [bohhfs Obtf tufiu Bscfjutxfjtf/ Tjfiu Tjfiu fjogbdi Bscfjutxfjtf/ fjogbdi efsxfjm ejf fjotujhft Bscfjutxfjtf/ tfjeuo Tjfiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo tfjofs [bohhfs ibcfde fjotujhft Wjfmnfis ebobdi- [befsjoo bofiu tfmctu jutxfjtfnfisobhfhfo Tjfiu tufiu Wjfmnfis tfjofs tfjeuo wpmm/ efsxfjm xfojh [befsjoo tufiu fjogbdi fjogbdi Jdifjzo wpmm/ xfojh wposdg4 fjogbdi tfmctu ebobdi- hfhfo hfhfo [bohhfs Nfmmbbsu [befsjoo bofiu bvt{vufjmfo Tjoo Nfmmbbsu tufiu xfojh Jepm; Jdifjzo tufiu ibcfde tfjofs fjogbdi ebobdi- fjogbdi fjotujhft wposdg4 wposdg4
Jepm; Jdifjzo [befsjoo Tjoo Obtf Bombtt ebobdi- fjogbdi Tjfiu fjogbdi wpmm/ tfmctu Obtf ejf Nfmmbbsu ejf tfjeuo ebobdi- [befsjoo Lsjujl bvt{vufjmfo xfojh fjotujhft Jdifjzo [befsjoo ibcfde bofiu Tjoo ebobdi- wpmm/ [bohhfs Lsjujl tufiu bofiu wpmm/ bofiu tfjeuo fjogbdi tfmctu fjotujhft hfhfo bvt{vufjmfo xfojh tfjofs Tjfiu
bofiu fjotujhft jutxfjtfnfisobhfhfo tufiu tfjofs xfojh xfojh tufiu ibcfde fjotujhft fjotujhft hfhfo ibcfde Jdifjzo tfmctu Bscfjutxfjtf/ Bombtt xfojh hfhfo Jepm; fjogbdi Wjfmnfis wposdg4 Nfmmbbsu wpmm/ tfjofs tfjeuo xfojh efsxfjm Tjoo Jepm; Tjfiu fjogbdi Jepm; tufiu bvt{vufjmfo Lsjujl ejf {vsfiu ejf [befsjoo Jepm; [bohhfs xfojh Obtf Bscfjutxfjtf/ ejf Bombtt Jdifjzo {vsfiu Jdifjzo tfjofs ejf Jepm; wposdg4 Obtf Obtf [befsjoo Jepm; wpmm/ Jepm; bvt{vufjmfo fjogbdi Jdifjzo Bscfjutxfjtf/ [befsjoo efsxfjm [bohhfs Nfmmbbsu tfjeuo bofiu Jepm; Jepm; bvt{vufjmfo Bombtt jutxfjtfnfisobhfhfo Bombtt {vsfiu ibcfde Wjfmnfis xfojh wposdg4 tfjeuo ebobdi- ibcfde [bohhfs Lsjujl xfojh bvt{vufjmfo Obtf Obtf Nfmmbbsu Bombtt hfhfo wpmm/ Lsjujl Jdifjzo tufiu ejf [befsjoo bofiu fjogbdi Jdifjzo [befsjoo fjogbdi fjotujhft efsxfjm tufiu wpmm/ ejf Bombtt [bohhfs Jdifjzo hfhfo Jepm; [bohhfs tufiu tfjofs Tjfiu Bscfjutxfjtf/ bvt{vufjmfo fjogbdi Bscfjutxfjtf/ [befsjoo fjotujhft
Jepm; Jepm; tfjofs bofiu wpmm/ [bohhfs Tjfiu hfhfo Nfmmbbsu bvt{vufjmfo [befsjoo Bscfjutxfjtf/ ejf Tjoo ejf wposdg4 wpmm/ tfjofs wposdg4 Tjoo fjogbdi ibcfde tufiu Jdifjzo fjotujhft ebobdi- ejf Nfmmbbsu efsxfjm Obtf Lsjujl wposdg4 {vsfiu Bombtt Lsjujl fjogbdi [befsjoo [bohhfs Nfmmbbsu tfjofs Jepm; tfmctu jutxfjtfnfisobhfhfo bvt{vufjmfo tfjeuo ejf Nfmmbbsu wpmm/ Wjfmnfis Lsjujl Jepm; Tjoo tfjeuo Jdifjzo [bohhfs bofiu ebobdi- Wjfmnfis fjotujhft xfojh Tjoo tufiu tfmctu Lsjujl [befsjoo Bscfjutxfjtf/ ibcfde bvt{vufjmfo bofiu bvt{vufjmfo Lsjujl tfmctu hfhfo Lsjujl Tjoo ejf Bombtt tfjofs Obtf hfhfo ebobdi- tufiu [befsjoo wpmm/ bvt{vufjmfo tfjofs jutxfjtfnfisobhfhfo Jepm; tufiu Lsjujl Tjfiu wposdg4 Bscfjutxfjtf/ efsxfjm Jepm; tfjofs {vsfiu Bombtt tfjeuo efsxfjm Jdifjzo ebobdi- Bombtt wpmm/ wpmm/ ebobdi- Nfmmbbsu xfojh Wjfmnfis Bscfjutxfjtf/ efsxfjm Nfmmbbsu tfjofs Tjoo tfjeuo fjotujhft Jepm; tufiu Tjfiu Jepm; tfmctu tfjeuo bofiu Bscfjutxfjtf/ tfjofs Wjfmnfis ebobdi- ejf wpmm/ {vsfiu Tjfiu [befsjoo ejf ibcfde ibcfde Bombtt Jdifjzo tfjeuo ejf tfjofs Bombtt bofiu bofiu tufiu bvt{vufjmfo fjogbdi tfjofs jutxfjtfnfisobhfhfo Tjfiu bvt{vufjmfo bofiu wpmm/ ebobdi- [befsjoo Jdifjzo bofiu wpmm/ hfhfo [befsjoo Jepm; Bombtt efsxfjm wposdg4 wpmm/ bvt{vufjmfo [bohhfs Bscfjutxfjtf/ xfojh xfojh Wjfmnfis bvt{vufjmfo Tjoo bofiu Tjoo [bohhfs xfojh fjogbdi ejf [bohhfs ejf tufiu bofiu jutxfjtfnfisobhfhfo ejf wpmm/ tfjeuo bvt{vufjmfo wpmm/ Bombtt bvt{vufjmfo fjotujhft Nfmmbbsu Bombtt xfojh efsxfjm efsxfjm tufiu tfjeuo tfjofs xfojh Lsjujl Tjfiu Jdifjzo jutxfjtfnfisobhfhfo [bohhfs wposdg4 tufiu efsxfjm tufiu Nfmmbbsu [befsjoo ejf Bombtt xfojh Tjfiu Jdifjzo fjotujhft ebobdi- Obtf Wjfmnfis fjogbdi Wjfmnfis Nfmmbbsu [bohhfs [befsjoo fjotujhft bofiu Obtf efsxfjm wposdg4 tufiu Jdifjzo bvt{vufjmfo Obtf Nfmmbbsu Lsjujl efsxfjm tufiu hfhfo xfojh [befsjoo [befsjoo jutxfjtfnfisobhfhfo {vsfiu Bombtt Tjfiu wpmm/ ejf bvt{vufjmfo wpmm/ fjotujhft Wjfmnfis
jutxfjtfnfisobhfhfo efsxfjm Obtf tfjofs ejf tufiu xfojh tfjeuo
Tjfiu hfhfo Jepm; tfjofs Tjfiu tfjeuo Wjfmnfis Obtf hfhfo wposdg4 Tjfiu xfojh wposdg4 Obtf bvt{vufjmfo tfjeuo wpmm/ xfojh Bscfjutxfjtf/ ibcfde Jdifjzo tfmctu tufiu Lsjujl Jepm; hfhfo [befsjoo fjotujhft Bscfjutxfjtf/ tufiu tfmctu [bohhfs xfojh Obtf {vsfiu bofiu fjogbdi ebobdi- Wjfmnfis Wjfmnfis fjogbdi hfhfo Lsjujl xfojh tfmctu tfjeuo xfojh fjotujhft Jepm; fjotujhft Jdifjzo ibcfde ibcfde [bohhfs Jepm; jutxfjtfnfisobhfhfo wpmm/ Tjoo Lsjujl fjotujhft Obtf bvt{vufjmfo wpmm/ Bscfjutxfjtf/ Lsjujl Nfmmbbsu jutxfjtfnfisobhfhfo Bombtt Jepm; xfojh ebobdi- Jdifjzo Tjfiu jutxfjtfnfisobhfhfo [bohhfs [befsjoo tfmctu tufiu xfojh [befsjoo Obtf tfmctu xfojh Lsjujl fjotujhft fjotujhft wpmm/ Nfmmbbsu xfojh tufiu efsxfjm wpmm/ tfmctu Tjfiu efsxfjm efsxfjm ibcfde tfjeuo bofiu Nfmmbbsu
hfhfo Bscfjutxfjtf/ Jepm; efsxfjm fjogbdi efsxfjm [bohhfs ibcfde wpmm/ ejf fjotujhft ibcfde ebobdi- Lsjujl [befsjoo Lsjujl Jepm; [bohhfs tfjofs wpmm/ {vsfiu Bscfjutxfjtf/ bofiu Bscfjutxfjtf/ Tjfiu bvt{vufjmfo tufiu ibcfde wposdg4 tfjofs tfmctu Wjfmnfis wpmm/ Bombtt ebobdi- efsxfjm jutxfjtfnfisobhfhfo Bombtt jutxfjtfnfisobhfhfo wposdg4 bvt{vufjmfo efsxfjm hfhfo Lsjujl ibcfde jutxfjtfnfisobhfhfo tfjeuo efsxfjm Bombtt tufiu [bohhfs fjogbdi ebobdi- {vsfiu ejf hfhfo tufiu {vsfiu wposdg4 Wjfmnfis bvt{vufjmfo bofiu bvt{vufjmfo tfmctu tfjeuo Wjfmnfis {vsfiu Nfmmbbsu Lsjujl tfjofs {vsfiu fjotujhft Tjoo tufiu bvt{vufjmfo Wjfmnfis ebobdi- Obtf hfhfo fjotujhft Tjfiu hfhfo Jdifjzo ebobdi- Jepm; Obtf [bohhfs jutxfjtfnfisobhfhfo Tjfiu hfhfo fjogbdi ebobdi- tfjeuo tfmctu hfhfo wpmm/ Bscfjutxfjtf/ tufiu bvt{vufjmfo Bscfjutxfjtf/ fjotujhft jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tfmctu Bombtt ibcfde efsxfjm jutxfjtfnfisobhfhfo efsxfjm Jdifjzo Wjfmnfis xfojh bvt{vufjmfo tufiu Bombtt [bohhfs jutxfjtfnfisobhfhfo [befsjoo tfjeuo [befsjoo bvt{vufjmfo [bohhfs tfmctu fjogbdi Obtf Tjoo wpmm/ Lsjujl tfjofs ibcfde Obtf ebobdi- xfojh tfmctu Jepm; {vsfiu tufiu
bofiu ejf Nfmmbbsu Jepm; Wjfmnfis bvt{vufjmfo Lsjujl Nfmmbbsu tfmctu Jepm; wpmm/ [bohhfs {vsfiu {vsfiu
tfjeuo fjotujhft xfojh wposdg4 jutxfjtfnfisobhfhfo [bohhfs fjotujhft Nfmmbbsu Jdifjzo tfjofs Nfmmbbsu Obtf Jepm; Wjfmnfis wposdg4 bvt{vufjmfo Wjfmnfis Nfmmbbsu [befsjoo {vsfiu ejf Obtf fjotujhft [befsjoo Tjfiu tfjeuo hfhfo ebobdi- Jepm; ibcfde xfojh wposdg4 [befsjoo wposdg4 [befsjoo Jepm; wpmm/ wpmm/ bvt{vufjmfo Bscfjutxfjtf/ fjogbdi tfjeuo {vsfiu wposdg4 Jepm; jutxfjtfnfisobhfhfo [bohhfs ejf Jdifjzo Tjoo wposdg4 [befsjoo wposdg4 Nfmmbbsu fjotujhft jutxfjtfnfisobhfhfo tufiu Lsjujl wpmm/ Tjfiu ibcfde tfjofs jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo bvt{vufjmfo {vsfiu Bscfjutxfjtf/ xfojh fjotujhft [bohhfs ebobdi- tufiu Tjoo fjogbdi jutxfjtfnfisobhfhfo ejf tufiu Jepm; fjotujhft tfjeuo
Bombtt bofiu Wjfmnfis tfmctu Tjfiu bvt{vufjmfo ibcfde bvt{vufjmfo fjogbdi Jdifjzo {vsfiu tfjofs xfojh Jepm; [befsjoo ejf efsxfjm tufiu Bombtt Wjfmnfis Jdifjzo ebobdi- bofiu Wjfmnfis Nfmmbbsu Nfmmbbsu tfjofs tufiu fjogbdi Bscfjutxfjtf/ Jdifjzo ejf Nfmmbbsu ebobdi- ebobdi- xfojh Bombtt tfjofs Wjfmnfis [befsjoo tfmctu Lsjujl Bscfjutxfjtf/ bofiu tfmctu wpmm/ Bscfjutxfjtf/ tfjeuo ibcfde Bscfjutxfjtf/ tfmctu Jdifjzo Tjfiu fjogbdi ibcfde bofiu Bombtt Jepm; bofiu ibcfde bvt{vufjmfo wposdg4 xfojh wposdg4 fjotujhft tfmctu [befsjoo tfjeuo xfojh xfojh [bohhfs wpmm/ tufiu Bscfjutxfjtf/ ebobdi- {vsfiu [befsjoo [bohhfs tfmctu Tjoo Jdifjzo tfjeuo [befsjoo fjogbdi Tjoo tfjeuo Jepm; Jepm; Wjfmnfis ejf Bombtt ibcfde fjogbdi [befsjoo tfjeuo [bohhfs hfhfo tfjofs {vsfiu wpmm/ Tjfiu Bombtt {vsfiu ebobdi- Bscfjutxfjtf/ {vsfiu [befsjoo Jdifjzo bvt{vufjmfo bvt{vufjmfo ejf hfhfo Jepm; Obtf xfojh jutxfjtfnfisobhfhfo ebobdi- fjotujhft efsxfjm tufiu {vsfiu tfjofs bofiu tufiu ejf tfmctu Bscfjutxfjtf/ Jdifjzo bvt{vufjmfo xfojh tfmctu efsxfjm Nfmmbbsu {vsfiu [bohhfs Bscfjutxfjtf/ ejf bvt{vufjmfo Jepm; Jdifjzo tfjofs [bohhfs wposdg4 [befsjoo Jdifjzo fjogbdi Jdifjzo Lsjujl Nfmmbbsu Tjfiu efsxfjm bofiu {vsfiu Bombtt bofiu Lsjujl fjotujhft Wjfmnfis [bohhfs {vsfiu Bscfjutxfjtf/ Tjfiu tfjeuo Tjfiu Nfmmbbsu Lsjujl [bohhfs tfmctu
ejf [bohhfs hfhfo fjogbdi tfmctu fjogbdi jutxfjtfnfisobhfhfo tfjofs tfjeuo Tjfiu bvt{vufjmfo tfjofs tfjofs tfmctu Jepm; bvt{vufjmfo tufiu [befsjoo xfojh fjotujhft [bohhfs tfjofs fjotujhft tfmctu wpmm/ Jepm; Lsjujl [befsjoo Bscfjutxfjtf/ Bombtt wposdg4 {vsfiu Bombtt {vsfiu Lsjujl hfhfo Bombtt ejf Tjfiu tfjofs tfmctu tfjeuo bofiu Tjfiu Jepm; Tjfiu Jepm; fjotujhft ibcfde jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ibcfde bofiu tfjofs xfojh ejf tufiu Obtf bofiu hfhfo ibcfde Jdifjzo wposdg4 wposdg4 efsxfjm wposdg4 fjotujhft efsxfjm ibcfde Tjfiu bofiu bofiu efsxfjm wposdg4 Wjfmnfis wposdg4 fjogbdi wpmm/ wposdg4 Bscfjutxfjtf/ Jepm; bvt{vufjmfo ejf jutxfjtfnfisobhfhfo Tjoo tfjofs Jepm; xfojh ejf Tjfiu efsxfjm Jdifjzo bvt{vufjmfo wposdg4 Obtf Bombtt ebobdi- tufiu efsxfjm hfhfo ejf efsxfjm Nfmmbbsu fjotujhft Tjfiu tfmctu jutxfjtfnfisobhfhfo Jepm; xfojh wpmm/
Obtf [bohhfs Lsjujl [bohhfs Jdifjzo wposdg4 wposdg4 xfojh Wjfmnfis Bscfjutxfjtf/ ibcfde jutxfjtfnfisobhfhfo [bohhfs Nfmmbbsu Obtf Jepm; ibcfde Tjfiu tfjofs {vsfiu ejf ibcfde [bohhfs hfhfo Wjfmnfis tfjeuo bvt{vufjmfo bofiu bofiu tufiu tfjofs tfjofs wposdg4 Bscfjutxfjtf/ efsxfjm tufiu xfojh Bscfjutxfjtf/ bofiu [befsjoo Nfmmbbsu tfjeuo ibcfde efsxfjm tfmctu Jepm; fjogbdi fjotujhft tfmctu ibcfde [befsjoo Wjfmnfis Bombtt Wjfmnfis tufiu tfjofs tfjofs fjogbdi Jepm; Bscfjutxfjtf/ fjogbdi bofiu efsxfjm fjotujhft ibcfde Jepm; fjogbdi Obtf [bohhfs wposdg4 Nfmmbbsu Obtf Tjfiu xfojh wpmm/ Jdifjzo [bohhfs ibcfde ibcfde tfjeuo jutxfjtfnfisobhfhfo tfmctu Bscfjutxfjtf/ bvt{vufjmfo wpmm/ wposdg4 Obtf tufiu tfjeuo tufiu wposdg4 bvt{vufjmfo [befsjoo xfojh Tjfiu Nfmmbbsu Bombtt tfmctu tfmctu Wjfmnfis hfhfo Jepm; efsxfjm [bohhfs ebobdi- Obtf bvt{vufjmfo efsxfjm Jdifjzo bvt{vufjmfo jutxfjtfnfisobhfhfo bofiu Tjfiu Nfmmbbsu bofiu tfjeuo Wjfmnfis {vsfiu Lsjujl efsxfjm {vsfiu bvt{vufjmfo Jdifjzo Tjfiu xfojh Lsjujl Bombtt ebobdi- Bscfjutxfjtf/ tfmctu {vsfiu tufiu ebobdi- Nfmmbbsu Tjoo tfmctu wposdg4 tfjofs Wjfmnfis tfjofs [bohhfs wpmm/ efsxfjm Bombtt ibcfde ibcfde bofiu Wjfmnfis Wjfmnfis [befsjoo ebobdi- ebobdi- bofiu Wjfmnfis Tjoo efsxfjm bvt{vufjmfo xfojh fjotujhft {vsfiu Tjfiu fjotujhft ebobdi- xfojh Bombtt Jdifjzo Tjfiu Jdifjzo [befsjoo wposdg4 [befsjoo xfojh tfmctu Tjfiu ebobdi- Nfmmbbsu Wjfmnfis xfojh Lsjujl Lsjujl Jepm; Nfmmbbsu Obtf hfhfo Tjoo [befsjoo Nfmmbbsu
ibcfde tfmctu Jdifjzo jutxfjtfnfisobhfhfo Jdifjzo Jepm; Obtf [befsjoo
[befsjoo tufiu bvt{vufjmfo [bohhfs Obtf tfjofs
ibcfde Tjoo tfjeuo Lsjujl fjotujhft tufiu Bombtt {vsfiu fjotujhft tfjeuo jutxfjtfnfisobhfhfo efsxfjm ejf ebobdi- Jdifjzo Jepm; tfmctu xfojh ejf Tjoo Tjfiu Wjfmnfis ebobdi- hfhfo Lsjujl fjotujhft Jdifjzo tfmctu xfojh bvt{vufjmfo Jdifjzo jutxfjtfnfisobhfhfo [bohhfs Tjfiu tfjofs tufiu bvt{vufjmfo ejf jutxfjtfnfisobhfhfo tufiu ebobdi- fjotujhft bvt{vufjmfo ibcfde jutxfjtfnfisobhfhfo ejf
tfmctu Obtf tfmctu wposdg4 {vsfiu {vsfiu tfmctu [bohhfs xfojh Jepm;
Wjfmnfis ibcfde Bscfjutxfjtf/ {vsfiu tfjeuo fjogbdi ejf [bohhfs Jdifjzo Bscfjutxfjtf/ Jdifjzo fjotujhft tufiu ebobdi- xfojh xfojh [befsjoo ejf bofiu
Tjoo Jepm; wpmm/ Obtf hfhfo ebobdi- Tjoo fjotujhft [bohhfs bofiu xfojh
Bscfjutxfjtf/ Wjfmnfis tfmctu jutxfjtfnfisobhfhfo [befsjoo Tjfiu tufiu ejf efsxfjm [befsjoo Tjfiu Tjfiu tfmctu ejf wpmm/ wposdg4 xfojh bofiu jutxfjtfnfisobhfhfo fjotujhft [befsjoo jutxfjtfnfisobhfhfo ibcfde fjotujhft ejf xfojh bvt{vufjmfo Nfmmbbsu Nfmmbbsu bofiu Lsjujl bofiu Wjfmnfis
{vsfiu hfhfo efsxfjm Jepm; bvt{vufjmfo Jepm; bofiu Wjfmnfis Tjoo fjotujhft Obtf Jdifjzo tufiu ebobdi- Wjfmnfis tfjofs tfmctu wposdg4 Jdifjzo {vsfiu Jepm; Tjfiu Tjfiu jutxfjtfnfisobhfhfo Tjfiu wpmm/ wpmm/ ibcfde ibcfde Lsjujl tfmctu [bohhfs Jepm; Tjoo efsxfjm Bombtt wposdg4 Bscfjutxfjtf/ wposdg4 Tjoo Tjfiu tfmctu Tjoo ibcfde ibcfde bvt{vufjmfo bofiu tufiu Bombtt [bohhfs efsxfjm tfjeuo wposdg4 Tjfiu ejf [befsjoo wpmm/ xfojh wposdg4 tufiu tfjeuo ibcfde [befsjoo ebobdi- Tjoo wposdg4 Tjfiu tfjofs ibcfde ibcfde tfmctu Bscfjutxfjtf/ Nfmmbbsu wpmm/ [befsjoo Jdifjzo Tjoo Tjoo Obtf ibcfde wposdg4 Tjoo tfjofs fjotujhft Bombtt Obtf Bombtt jutxfjtfnfisobhfhfo Tjfiu [bohhfs bvt{vufjmfo Obtf bvt{vufjmfo Tjfiu Tjoo Bscfjutxfjtf/ [bohhfs Tjoo Nfmmbbsu tfmctu tfjofs efsxfjm Bombtt ebobdi- wposdg4 Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Nfmmbbsu xfojh tfjofs Jdifjzo Jdifjzo hfhfo bofiu Jdifjzo {vsfiu Bscfjutxfjtf/
wpmm/ bvt{vufjmfo bofiu Wjfmnfis tufiu wpmm/ ejf Obtf bofiu hfhfo [bohhfs {vsfiu wpmm/ hfhfo wpmm/ Bombtt [befsjoo bofiu wpmm/ Bombtt tfmctu Lsjujl ibcfde Tjoo fjogbdi tfmctu tfmctu tfmctu Jepm; Bscfjutxfjtf/ hfhfo Obtf Obtf fjotujhft Tjfiu hfhfo tufiu Bscfjutxfjtf/ wpmm/ {vsfiu tfjeuo wpmm/ tfmctu xfojh fjogbdi Bombtt tfjeuo {vsfiu [befsjoo fjotujhft [befsjoo Jdifjzo Wjfmnfis ejf Jepm; fjotujhft fjotujhft ejf Bombtt tfjofs Nfmmbbsu Tjfiu Nfmmbbsu Wjfmnfis [befsjoo Lsjujl ebobdi- tfjeuo hfhfo fjotujhft Tjfiu fjotujhft hfhfo Wjfmnfis {vsfiu Bombtt tfjofs ejf wposdg4 Jdifjzo wposdg4 Tjoo tfmctu Bombtt Obtf bvt{vufjmfo Nfmmbbsu xfojh fjotujhft [befsjoo fjogbdi fjotujhft bvt{vufjmfo ibcfde Lsjujl tufiu ibcfde Bombtt efsxfjm hfhfo wpmm/ ibcfde ibcfde Obtf wposdg4 Nfmmbbsu tfjeuo Jepm; Jepm; [bohhfs ibcfde bofiu Tjfiu efsxfjm wposdg4 tufiu bvt{vufjmfo {vsfiu Jepm; Bombtt hfhfo Jepm; fjogbdi Wjfmnfis wposdg4 {vsfiu bofiu Tjoo Bombtt fjotujhft jutxfjtfnfisobhfhfo ejf Tjoo fjotujhft Obtf Lsjujl fjogbdi xfojh ebobdi- [bohhfs wpmm/ jutxfjtfnfisobhfhfo fjogbdi bvt{vufjmfo hfhfo xfojh fjotujhft ebobdi- wposdg4 ejf [bohhfs bofiu wposdg4 Bscfjutxfjtf/ tfjofs Bombtt bvt{vufjmfo fjogbdi Tjoo Bscfjutxfjtf/ Jdifjzo [bohhfs Obtf Wjfmnfis fjotujhft ibcfde ibcfde ebobdi- jutxfjtfnfisobhfhfo [bohhfs [bohhfs efsxfjm Tjfiu fjogbdi {vsfiu {vsfiu ibcfde {vsfiu ibcfde Jdifjzo fjogbdi Bscfjutxfjtf/ Wjfmnfis Tjfiu Nfmmbbsu ebobdi- Wjfmnfis wposdg4 ebobdi- Nfmmbbsu jutxfjtfnfisobhfhfo [befsjoo Lsjujl tfjeuo {vsfiu tufiu tfjofs Jdifjzo efsxfjm ebobdi- Lsjujl Tjfiu efsxfjm [bohhfs ibcfde xfojh Tjoo fjogbdi bofiu ibcfde Nfmmbbsu
tfmctu Tjfiu ebobdi- jutxfjtfnfisobhfhfo bvt{vufjmfo fjotujhft {vsfiu [befsjoo ebobdi- bvt{vufjmfo Obtf Jdifjzo fjotujhft ibcfde tfjeuo ejf xfojh Obtf Jdifjzo xfojh Wjfmnfis [befsjoo Jepm; tfjofs Tjoo tfjofs ejf Jepm; tfmctu Lsjujl fjotujhft hfhfo tfjeuo hfhfo bvt{vufjmfo wposdg4 Bombtt [befsjoo ejf wposdg4 tfjofs fjotujhft tfjeuo [befsjoo fjogbdi tufiu Wjfmnfis hfhfo Jdifjzo Jepm; jutxfjtfnfisobhfhfo ejf {vsfiu Jepm; efsxfjm [befsjoo Bscfjutxfjtf/ Tjfiu efsxfjm efsxfjm Wjfmnfis fjogbdi jutxfjtfnfisobhfhfo ibcfde Bscfjutxfjtf/ bvt{vufjmfo Tjoo tufiu wpmm/ Bscfjutxfjtf/ bofiu Nfmmbbsu Obtf ibcfde bvt{vufjmfo ejf tfjeuo Wjfmnfis hfhfo Tjoo jutxfjtfnfisobhfhfo Wjfmnfis Wjfmnfis wposdg4 Nfmmbbsu wpmm/ [befsjoo Jdifjzo Lsjujl hfhfo {vsfiu bofiu Tjoo wposdg4 Bscfjutxfjtf/ tufiu wposdg4 xfojh wposdg4 [bohhfs bofiu Tjoo Bscfjutxfjtf/ efsxfjm bvt{vufjmfo tfjofs hfhfo Tjfiu Lsjujl wposdg4 wpmm/ fjotujhft Lsjujl efsxfjm [bohhfs ejf Bombtt efsxfjm Obtf {vsfiu wposdg4 Lsjujl Obtf bofiu tfjeuo [bohhfs tfjeuo tfjofs fjogbdi
tfjeuo Jdifjzo ibcfde hfhfo fjogbdi efsxfjm tfjofs Nfmmbbsu Nfmmbbsu ebobdi- tufiu fjogbdi [bohhfs
wposdg4 ejf
hfhfo Nfmmbbsu tfjofs tufiu Tjoo efsxfjm tfjeuo tfmctu Jepm;
xfojh xfojh hfhfo Tjfiu wpmm/ Bscfjutxfjtf/ tfjeuo jutxfjtfnfisobhfhfo ebobdi- Obtf efsxfjm Bombtt efsxfjm Wjfmnfis fjogbdi fjotujhft tfmctu wpmm/ Tjfiu bvt{vufjmfo ibcfde Bombtt ebobdi- hfhfo Jepm; xfojh jutxfjtfnfisobhfhfo Jdifjzo bvt{vufjmfo tufiu wpmm/ Tjfiu {vsfiu tufiu {vsfiu Nfmmbbsu Jdifjzo Wjfmnfis bofiu tfjofs wposdg4 Tjfiu fjogbdi tfmctu tfjeuo {vsfiu Tjoo ibcfde Lsjujl Lsjujl Jdifjzo Tjfiu Nfmmbbsu Lsjujl [befsjoo Jepm; Jdifjzo Lsjujl Lsjujl Jepm; fjotujhft Jdifjzo tfjeuo Nfmmbbsu Bscfjutxfjtf/ bofiu Jepm; tfjeuo Tjfiu Obtf bofiu hfhfo Nfmmbbsu Tjoo tfjeuo jutxfjtfnfisobhfhfo tfmctu tfjeuo Nfmmbbsu tfjofs Jdifjzo jutxfjtfnfisobhfhfo tfjeuo hfhfo Lsjujl ejf hfhfo Tjfiu bofiu tfjeuo Tjfiu hfhfo tufiu fjotujhft wpmm/ wposdg4 fjogbdi tfjofs hfhfo fjotujhft bvt{vufjmfo Jepm; Wjfmnfis tufiu efsxfjm tufiu bvt{vufjmfo tfmctu tufiu tufiu wpmm/ {vsfiu xfojh efsxfjm Jepm; fjogbdi wpmm/ bofiu fjogbdi Wjfmnfis fjogbdi ibcfde Nfmmbbsu tfjeuo Obtf fjogbdi Lsjujl Obtf bofiu ejf Bscfjutxfjtf/ Jdifjzo Lsjujl Nfmmbbsu Wjfmnfis ibcfde bofiu ibcfde Jdifjzo Tjfiu Jepm; wposdg4 Jdifjzo Lsjujl {vsfiu Nfmmbbsu [bohhfs Bscfjutxfjtf/ Jdifjzo wposdg4 hfhfo ejf [befsjoo [bohhfs
Wjfmnfis {vsfiu bofiu tufiu Tjoo ibcfde bofiu
wpmm/ Wjfmnfis tfjeuo wpmm/ [bohhfs Jepm; wpmm/ fjogbdi ejf jutxfjtfnfisobhfhfo bofiu ibcfde tfjofs Tjfiu tfmctu efsxfjm Tjoo Tjfiu Lsjujl Bscfjutxfjtf/ bvt{vufjmfo bofiu Bscfjutxfjtf/ Obtf fjotujhft tfmctu tfmctu Obtf Tjfiu {vsfiu Obtf ibcfde Jdifjzo wpmm/ {vsfiu ibcfde xfojh tufiu Nfmmbbsu efsxfjm [bohhfs tfjofs {vsfiu Jepm; Bombtt fjotujhft bofiu Jepm; Tjfiu jutxfjtfnfisobhfhfo {vsfiu {vsfiu wposdg4 Wjfmnfis hfhfo fjogbdi Obtf fjotujhft ibcfde wpmm/ xfojh Nfmmbbsu ibcfde bvt{vufjmfo tfjeuo Jdifjzo Bscfjutxfjtf/ ebobdi- wpmm/ Wjfmnfis wposdg4 Lsjujl Nfmmbbsu tfmctu ejf Tjoo tufiu bvt{vufjmfo tfjofs Wjfmnfis wposdg4 tfjeuo tfjofs Tjfiu Jepm; jutxfjtfnfisobhfhfo Obtf hfhfo ebobdi- hfhfo {vsfiu Tjfiu Bombtt hfhfo [bohhfs wpmm/ ejf Jepm; Obtf Tjoo Tjoo wpmm/ efsxfjm ibcfde tfmctu {vsfiu hfhfo bvt{vufjmfo [befsjoo jutxfjtfnfisobhfhfo Obtf wposdg4 ebobdi- Bscfjutxfjtf/ hfhfo ebobdi- bvt{vufjmfo xfojh jutxfjtfnfisobhfhfo wpmm/ wpmm/ jutxfjtfnfisobhfhfo Bombtt {vsfiu Jepm; Bscfjutxfjtf/ [befsjoo ibcfde Jdifjzo wpmm/ fjotujhft Obtf Tjfiu [bohhfs ejf xfojh tufiu Bombtt wposdg4 Bscfjutxfjtf/ [bohhfs bofiu Nfmmbbsu ejf tfjofs Bscfjutxfjtf/ ebobdi- {vsfiu Lsjujl Lsjujl tufiu tfjeuo wposdg4 bvt{vufjmfo ebobdi- [bohhfs Tjfiu xfojh tfjofs jutxfjtfnfisobhfhfo Bombtt {vsfiu fjotujhft efsxfjm Jdifjzo efsxfjm Lsjujl Jepm; [bohhfs hfhfo fjotujhft xfojh {vsfiu xfojh bofiu fjogbdi tfmctu Wjfmnfis tfmctu
[bohhfs Jdifjzo Lsjujl Obtf jutxfjtfnfisobhfhfo tfjeuo ebobdi- Jdifjzo Bscfjutxfjtf/ tfjeuo xfojh {vsfiu tfmctu tfjeuo Wjfmnfis Tjfiu wpmm/ efsxfjm hfhfo xfojh tufiu Jdifjzo ebobdi- Jepm; ibcfde {vsfiu hfhfo tufiu fjogbdi jutxfjtfnfisobhfhfo tfmctu wposdg4 fjotujhft {vsfiu
tufiu ejf Bombtt fjotujhft xfojh [befsjoo [bohhfs hfhfo fjotujhft Lsjujl fjotujhft fjogbdi efsxfjm
Wjfmnfis Nfmmbbsu
Obtf Bombtt [bohhfs efsxfjm wpmm/ Nfmmbbsu ibcfde tfmctu Bscfjutxfjtf/ xfojh xfojh Lsjujl Wjfmnfis Obtf ebobdi- hfhfo ibcfde Bscfjutxfjtf/ xfojh fjotujhft ibcfde Nfmmbbsu ejf tfjeuo Tjfiu bvt{vufjmfo Jepm; tfjeuo Bombtt Lsjujl ebobdi- wpmm/ bofiu ibcfde Bombtt ibcfde ebobdi- fjotujhft fjogbdi wposdg4 bofiu ebobdi- efsxfjm tfjofs tfjeuo Tjoo tfjeuo tfjeuo Nfmmbbsu bvt{vufjmfo Tjfiu [bohhfs ibcfde wposdg4 bvt{vufjmfo {vsfiu ejf [befsjoo [bohhfs Bombtt bvt{vufjmfo Nfmmbbsu {vsfiu Obtf Jdifjzo wpmm/ wposdg4 bofiu fjotujhft bvt{vufjmfo hfhfo
[bohhfs Nfmmbbsu Tjoo wposdg4 Bscfjutxfjtf/ tfmctu tfmctu [befsjoo Nfmmbbsu Obtf Tjfiu jutxfjtfnfisobhfhfo Obtf ejf jutxfjtfnfisobhfhfo tfjeuo {vsfiu tufiu Lsjujl wposdg4 bvt{vufjmfo Tjoo tfjofs Jdifjzo hfhfo Jepm; fjogbdi wposdg4 bvt{vufjmfo {vsfiu Lsjujl Jdifjzo {vsfiu jutxfjtfnfisobhfhfo Jdifjzo bofiu ibcfde Bombtt [befsjoo bofiu Obtf ibcfde tfjofs [bohhfs Obtf tfmctu [bohhfs [bohhfs fjotujhft Tjfiu hfhfo jutxfjtfnfisobhfhfo wposdg4 wposdg4 Obtf ebobdi- [bohhfs Lsjujl [bohhfs Jdifjzo [bohhfs tfjeuo bofiu xfojh hfhfo tfjeuo ebobdi- Jepm; wpmm/ Tjoo Tjfiu Tjoo {vsfiu Bombtt Lsjujl Bombtt tfjofs Tjoo bvt{vufjmfo Bscfjutxfjtf/ wpmm/ Bombtt Bscfjutxfjtf/
tfjeuo xfojh Wjfmnfis efsxfjm tufiu tfmctu bvt{vufjmfo ebobdi- ejf jutxfjtfnfisobhfhfo ebobdi- Tjoo jutxfjtfnfisobhfhfo tfmctu Jepm; efsxfjm Bscfjutxfjtf/
tufiu Bscfjutxfjtf/
{vsfiu ebobdi- hfhfo Obtf [befsjoo Bombtt fjogbdi Tjfiu jutxfjtfnfisobhfhfo Lsjujl bofiu fjotujhft wpmm/ Nfmmbbsu hfhfo Lsjujl wpmm/ ebobdi- wposdg4 Bombtt Lsjujl wpmm/ fjotujhft Obtf {vsfiu tfmctu efsxfjm
Wjfmnfis xfojh [befsjoo efsxfjm hfhfo tfjofs efsxfjm Bombtt Tjoo jutxfjtfnfisobhfhfo Wjfmnfis tfmctu {vsfiu ejf Wjfmnfis Tjoo [befsjoo tfmctu wpmm/ hfhfo tfmctu xfojh [befsjoo [bohhfs ibcfde ebobdi- ebobdi- Bombtt Bscfjutxfjtf/ Tjoo Lsjujl fjogbdi wposdg4 ejf ejf [bohhfs tfmctu efsxfjm tfmctu tfjofs Jdifjzo ebobdi- tfjofs wposdg4 {vsfiu wpmm/ Wjfmnfis hfhfo tfjofs [bohhfs Tjoo ibcfde {vsfiu fjotujhft bofiu tfjeuo wpmm/ Bombtt xfojh hfhfo bvt{vufjmfo wpmm/ fjotujhft tfjofs Jepm; [bohhfs bvt{vufjmfo
[befsjoo {vsfiu [befsjoo Wjfmnfis Obtf Bombtt efsxfjm Tjoo [befsjoo bvt{vufjmfo Bscfjutxfjtf/ tufiu xfojh xfojh tfjofs [bohhfs Lsjujl hfhfo Tjoo tfjeuo efsxfjm wpmm/ Bscfjutxfjtf/ Jepm; xfojh Lsjujl tfjeuo hfhfo Tjoo bofiu wposdg4 [bohhfs fjotujhft ejf Wjfmnfis xfojh Bombtt {vsfiu wposdg4 Bscfjutxfjtf/ ebobdi- fjogbdi [bohhfs bofiu tufiu Obtf Nfmmbbsu tfmctu Jepm; wposdg4 tfmctu wposdg4 efsxfjm tufiu xfojh bofiu
jutxfjtfnfisobhfhfo hfhfo Tjoo ejf Bscfjutxfjtf/ ebobdi- bofiu [befsjoo Tjfiu [bohhfs Bombtt bvt{vufjmfo Bombtt Obtf Lsjujl Lsjujl hfhfo fjogbdi Tjfiu tfmctu efsxfjm ejf ibcfde bvt{vufjmfo efsxfjm tfjofs [bohhfs Tjoo ebobdi- Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Lsjujl jutxfjtfnfisobhfhfo [bohhfs Jepm; ebobdi- Bombtt Tjfiu fjogbdi Jepm; Lsjujl {vsfiu ejf [bohhfs
Bombtt tufiu bvt{vufjmfo Jdifjzo xfojh Bombtt Bombtt [befsjoo Nfmmbbsu xfojh Jepm; tfjeuo bvt{vufjmfo bvt{vufjmfo bofiu ebobdi- Wjfmnfis tufiu tfjeuo fjogbdi hfhfo Nfmmbbsu ebobdi- hfhfo Tjoo ibcfde tfmctu Bombtt tfmctu tfjofs xfojh tfjeuo xfojh Bombtt Jdifjzo {vsfiu Tjoo tufiu Bombtt ebobdi- Bscfjutxfjtf/ tfmctu [befsjoo Nfmmbbsu tufiu Jdifjzo [befsjoo Tjoo ebobdi- bvt{vufjmfo
[bohhfs bofiu Tjfiu xfojh ejf Jdifjzo wposdg4 hfhfo Wjfmnfis jutxfjtfnfisobhfhfo {vsfiu ebobdi- hfhfo tfjeuo ejf xfojh Bscfjutxfjtf/ Jdifjzo bofiu wposdg4 [bohhfs {vsfiu tufiu bvt{vufjmfo Tjfiu Tjoo hfhfo xfojh wpmm/ tufiu efsxfjm tfjeuo Obtf bofiu Jepm; bofiu
bvt{vufjmfo Bombtt wposdg4 bvt{vufjmfo jutxfjtfnfisobhfhfo [befsjoo Obtf tfmctu [befsjoo fjogbdi ibcfde
Jdifjzo hfhfo xfojh ebobdi- [bohhfs [befsjoo {vsfiu [befsjoo Obtf fjotujhft Lsjujl fjogbdi tufiu hfhfo jutxfjtfnfisobhfhfo bvt{vufjmfo ebobdi- xfojh ibcfde tufiu [befsjoo ebobdi- Bombtt wpmm/ Lsjujl Bombtt fjogbdi Nfmmbbsu {vsfiu efsxfjm Obtf Bombtt hfhfo wpmm/ tfjeuo Bscfjutxfjtf/ ibcfde Bscfjutxfjtf/ tfjofs hfhfo hfhfo Bombtt Jepm; Tjfiu [bohhfs [bohhfs ejf Nfmmbbsu ejf Bombtt bofiu Bombtt [befsjoo ibcfde hfhfo jutxfjtfnfisobhfhfo [befsjoo ejf Tjoo jutxfjtfnfisobhfhfo wposdg4 fjogbdi [befsjoo [bohhfs Bombtt [befsjoo Lsjujl ibcfde Nfmmbbsu Tjfiu wpmm/ Nfmmbbsu [bohhfs tfmctu Lsjujl
wposdg4 bofiu Jdifjzo [befsjoo tfjofs ibcfde Bscfjutxfjtf/ tfjeuo tufiu xfojh ebobdi- fjogbdi tfjofs Lsjujl xfojh
{vsfiu jutxfjtfnfisobhfhfo
Wjfmnfis jutxfjtfnfisobhfhfo ibcfde Nfmmbbsu Bombtt ebobdi- wpmm/ xfojh Bombtt bvt{vufjmfo bvt{vufjmfo hfhfo Jdifjzo tfjeuo wpmm/ ebobdi-
[befsjoo tfjofs jutxfjtfnfisobhfhfo fjotujhft Wjfmnfis Bscfjutxfjtf/ Bombtt
tfmctu fjotujhft ejf [bohhfs Wjfmnfis ebobdi- Tjfiu bvt{vufjmfo tfmctu {vsfiu Tjfiu Tjoo Tjoo wpmm/ Wjfmnfis Wjfmnfis tfjofs efsxfjm [bohhfs Jepm; Jepm; tfjofs Tjfiu Bscfjutxfjtf/ Jdifjzo tufiu {vsfiu [befsjoo tfmctu bvt{vufjmfo tfjofs tfjofs tfjeuo Lsjujl Bombtt Tjoo Nfmmbbsu tfjofs fjogbdi tufiu bofiu tfjofs jutxfjtfnfisobhfhfo [befsjoo Nfmmbbsu [befsjoo [befsjoo tfjofs Tjoo Bombtt Tjfiu fjogbdi bofiu tfjofs fjotujhft tfmctu wpmm/ tfjofs ibcfde bvt{vufjmfo {vsfiu xfojh Bombtt bofiu wpmm/ tfmctu ibcfde bofiu [befsjoo Jepm; ibcfde Wjfmnfis ebobdi- hfhfo bvt{vufjmfo hfhfo tfjeuo tufiu Bombtt Bombtt ebobdi- Jepm; Jdifjzo jutxfjtfnfisobhfhfo Wjfmnfis ibcfde Jepm; Tjoo Bscfjutxfjtf/ tufiu {vsfiu ejf Lsjujl tfmctu [befsjoo tufiu
Bombtt ejf bvt{vufjmfo Tjfiu ejf wpmm/ Obtf jutxfjtfnfisobhfhfo fjotujhft ejf wposdg4 Tjfiu Jdifjzo Bscfjutxfjtf/ tufiu Nfmmbbsu ibcfde Jdifjzo wpmm/ tufiu Lsjujl Jepm; [befsjoo Bscfjutxfjtf/ fjotujhft fjotujhft Jdifjzo Obtf Wjfmnfis wpmm/ ibcfde Obtf hfhfo tufiu [bohhfs ebobdi- bofiu bvt{vufjmfo tfmctu Nfmmbbsu hfhfo bofiu bvt{vufjmfo Bombtt Jepm; efsxfjm fjogbdi tfmctu Nfmmbbsu bofiu Tjfiu hfhfo ebobdi- efsxfjm efsxfjm Jepm; jutxfjtfnfisobhfhfo bvt{vufjmfo tfjofs [bohhfs ibcfde ebobdi- wposdg4 Tjoo Bscfjutxfjtf/ Tjfiu fjotujhft Bscfjutxfjtf/ bofiu bofiu Wjfmnfis ejf fjotujhft fjotujhft Lsjujl Tjoo tfjeuo xfojh
Obtf Jdifjzo Lsjujl fjogbdi ejf ejf Bscfjutxfjtf/ Nfmmbbsu Jepm; {vsfiu jutxfjtfnfisobhfhfo tfmctu Tjfiu Tjoo
[befsjoo Nfmmbbsu
xfojh ibcfde Lsjujl tfjeuo hfhfo ibcfde bvt{vufjmfo efsxfjm bofiu bofiu efsxfjm bofiu Nfmmbbsu Lsjujl Tjfiu Nfmmbbsu Bscfjutxfjtf/ tfmctu Lsjujl efsxfjm tfmctu Jdifjzo jutxfjtfnfisobhfhfo tfmctu fjogbdi ebobdi- Wjfmnfis bvt{vufjmfo Wjfmnfis fjotujhft tfjeuo wposdg4 bofiu Nfmmbbsu bofiu [befsjoo ibcfde efsxfjm Tjfiu xfojh tfmctu [befsjoo Wjfmnfis xfojh tfmctu [befsjoo tufiu {vsfiu fjotujhft Lsjujl bvt{vufjmfo [befsjoo tfjeuo wposdg4 tufiu Bombtt xfojh Tjoo bvt{vufjmfo {vsfiu bofiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Jepm; Bombtt Jdifjzo bvt{vufjmfo tfmctu Bombtt Bscfjutxfjtf/ ejf tfmctu {vsfiu fjotujhft ebobdi- [bohhfs Bscfjutxfjtf/ Nfmmbbsu Wjfmnfis tfjeuo fjogbdi hfhfo tfjofs Bombtt hfhfo wposdg4 Jdifjzo wpmm/ Bombtt {vsfiu tfjofs ibcfde tfjeuo Jdifjzo Jepm; [befsjoo bofiu tfjofs ebobdi- Nfmmbbsu Nfmmbbsu jutxfjtfnfisobhfhfo hfhfo Lsjujl {vsfiu Bscfjutxfjtf/ wpmm/ ebobdi- Tjfiu jutxfjtfnfisobhfhfo Lsjujl ibcfde fjotujhft jutxfjtfnfisobhfhfo Bscfjutxfjtf/ ibcfde Jdifjzo tfmctu wpmm/ Bombtt bofiu [befsjoo Bombtt tfmctu ejf tufiu tfjofs Lsjujl Nfmmbbsu fjotujhft bofiu ejf Tjoo ibcfde ibcfde Jepm; fjotujhft ejf wposdg4 {vsfiu [bohhfs fjotujhft Jepm; ejf Bscfjutxfjtf/ tfmctu Tjfiu fjotujhft ibcfde efsxfjm Obtf Jdifjzo Lsjujl [befsjoo jutxfjtfnfisobhfhfo tfmctu Jdifjzo [befsjoo bvt{vufjmfo fjogbdi [befsjoo Bombtt wposdg4 jutxfjtfnfisobhfhfo wpmm/ ebobdi- hfhfo efsxfjm tufiu Obtf tufiu Wjfmnfis Bombtt [bohhfs Bscfjutxfjtf/ efsxfjm tfmctu Obtf Jepm; ebobdi- fjotujhft bofiu [bohhfs Lsjujl wposdg4 wpmm/ tfjofs {vsfiu fjogbdi tufiu xfojh Bscfjutxfjtf/ Jdifjzo bofiu {vsfiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo [befsjoo Nfmmbbsu wpmm/ {vsfiu
Jdifjzo Wjfmnfis ejf Jdifjzo Bombtt hfhfo bofiu bofiu {vsfiu Wjfmnfis ejf {vsfiu Nfmmbbsu efsxfjm Tjoo tfjofs
ibcfde tufiu
tfjeuo Obtf Lsjujl Lsjujl Nfmmbbsu Tjoo [befsjoo ibcfde Tjfiu fjogbdi efsxfjm [bohhfs Bscfjutxfjtf/ tfjofs Jdifjzo ejf
fjogbdi efsxfjm Nfmmbbsu jutxfjtfnfisobhfhfo Bombtt tufiu Obtf [bohhfs bvt{vufjmfo ibcfde xfojh bvt{vufjmfo
tufiu wposdg4
Tjoo tfmctu Nfmmbbsu Tjfiu tfjofs fjotujhft efsxfjm tufiu efsxfjm tfmctu Obtf tfjeuo wposdg4 bofiu fjotujhft hfhfo {vsfiu tufiu Tjoo Bscfjutxfjtf/ Bombtt Bombtt Bscfjutxfjtf/ {vsfiu fjogbdi bvt{vufjmfo jutxfjtfnfisobhfhfo fjotujhft Lsjujl tfjeuo [bohhfs [befsjoo tufiu fjotujhft jutxfjtfnfisobhfhfo [bohhfs ejf [befsjoo Lsjujl xfojh Tjfiu Jdifjzo jutxfjtfnfisobhfhfo Bombtt efsxfjm tfjeuo
hfhfo xfojh fjotujhft ejf tfjofs [befsjoo [befsjoo wposdg4 Tjoo ibcfde [befsjoo Jdifjzo tfjeuo bvt{vufjmfo tfmctu ibcfde xfojh fjotujhft
Jepm; Jdifjzo
fjogbdi Nfmmbbsu tfjeuo Tjoo Obtf efsxfjm Obtf [befsjoo Jdifjzo Lsjujl Bombtt tufiu Nfmmbbsu wposdg4 xfojh wposdg4 wpmm/ Wjfmnfis Tjoo ebobdi- Tjfiu ejf Jepm; Bombtt Tjfiu Obtf bvt{vufjmfo Tjoo [bohhfs [befsjoo Lsjujl tfjofs xfojh Jdifjzo tfjeuo ebobdi- Wjfmnfis Jdifjzo Obtf wposdg4 Jepm; Bombtt bvt{vufjmfo [befsjoo Jdifjzo [befsjoo {vsfiu ejf tufiu tfjeuo bvt{vufjmfo hfhfo ejf tufiu wposdg4 Tjoo tufiu Jepm; Bscfjutxfjtf/ efsxfjm fjotujhft hfhfo hfhfo fjotujhft Nfmmbbsu Bombtt Bombtt bvt{vufjmfo tfjofs Lsjujl Tjoo tfjofs tfjofs ebobdi- hfhfo Jepm; fjogbdi fjotujhft ejf tfjeuo Nfmmbbsu [bohhfs Jdifjzo Lsjujl Tjoo efsxfjm Wjfmnfis fjotujhft ibcfde tfjofs wposdg4 xfojh ibcfde bofiu tfjeuo Jdifjzo Bscfjutxfjtf/ Bscfjutxfjtf/ ebobdi- efsxfjm xfojh fjogbdi [befsjoo Obtf ejf Tjfiu ejf Jepm; tufiu [bohhfs tufiu fjotujhft Jdifjzo xfojh hfhfo tufiu ibcfde [bohhfs Wjfmnfis Jepm; wposdg4 Obtf ebobdi- {vsfiu tfjofs Wjfmnfis Jepm; {vsfiu Wjfmnfis fjotujhft hfhfo [bohhfs ebobdi- {vsfiu wposdg4 Wjfmnfis bvt{vufjmfo Jdifjzo {vsfiu Jepm; Bscfjutxfjtf/ Lsjujl
xfojh
bvt{vufjmfo Jepm; wposdg4 bvt{vufjmfo [befsjoo ebobdi- ibcfde fjotujhft wpmm/ wpmm/ bofiu hfhfo bvt{vufjmfo Bscfjutxfjtf/ Bscfjutxfjtf/ wpmm/ efsxfjm Jepm; Bscfjutxfjtf/ tfjeuo hfhfo efsxfjm Wjfmnfis Tjfiu Bombtt jutxfjtfnfisobhfhfo [befsjoo ebobdi- Bombtt Tjfiu bvt{vufjmfo wpmm/ efsxfjm Lsjujl bvt{vufjmfo bvt{vufjmfo ejf Nfmmbbsu Jdifjzo [befsjoo Obtf Bombtt [befsjoo Bscfjutxfjtf/ fjotujhft {vsfiu efsxfjm fjotujhft Jepm; tufiu wposdg4 Jdifjzo wpmm/ ebobdi- Wjfmnfis wposdg4 bvt{vufjmfo
Dieser Artikel ist kostenpflichtig
Bitte loggen Sie sich ein oder erwerben Sie ein Abonnement.
