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[Dr PennyStock]

Bernd Förtsch owns a stake of 60.3% in TubeSolar AG, a publicly traded German company, and guaranteed the subscription of all the shares in the latest capital increase, about 6 million Euros, according to this article below:

https://boersengefluester.de/tubesolar-kapitalerhohung-mit-signalwirkung

Translation below:

TubeSolar: capital increase with a signal effect
Editor, Small Caps November 26, 2020 Gereon Kruse

In itself a completely normal message: The Augsburg-based TubeSolar wants to raise fresh money for the expansion of the operational business as well as a "possible acquisition of a stake" and is planning a cash capital increase.

In total, the issue is up to 1,000,000 million shares at an issue price of 6 euros each. Accordingly, the gross issue proceeds are 6 million euros.

Boersengefluester.de had already presented the tube concept from Tube Solar, which was based on an original technology from Osram (HERE), and had an interview with the board on the site.

The announced financing round is of course interesting due to the fact that the major shareholder guarantees the capital increase in full.

At that time, we had estimated the free float of the title traded on the Düsseldorf open market at just over ten percent. Official information on the shareholder structure was nil.

With a little small-cap knowledge, one could of course already deduce in the summer that the connections point towards Kulmbach.

There has been official clarity in this regard since mid-October: According to a report published in the Federal Gazette, media entrepreneur Bernd Förtsch has a majority stake in TubeSolar through BF Holding, which is attributable to him, and TSG 1. Vermögensverwaltung.

For TubeSolar, this is a very comfortable starting situation: After all, Bernd Förtsch - who is an advocate of new technologies anyway - seems so convinced of the Augsburg-based concept that he will subscribe to all of the shares from the capital increase if necessary.

At the same time, Bernd Förtsch's commitment is also a signal to other investors that it might be better to exercise their subscription rights themselves and not allow them to be diluted. After all, Bernd Förtsch usually has a fine nose when it comes to equity investments.

The analysts at First Berlin began coverage of the Tube Solar share at the end of October with a price target of EUR 9.40. Current note: 7.00 euros. In this study, the analysts estimate the free float share at 18.9 percent. TSG1 (55.2 percent) and BF Holding (5.1 percent) would add up to 60.3 percent.

The remaining pieces are attributable to two other major investors. We are excited to see what additional information will be available in the upcoming securities prospectus. Tube Solar certainly sounds like an interesting investment story from the specialty area. Almost needless to say that a commitment - in addition to the above-average opportunities - also involves immense risks. After all, TubeSolar is currently only in the development phase of the company.


P.S. - Bernd Förtsch is from Kulmbach, and his private Holding, BF Holding GmbH, has its headquarters in Kulmbach.