worktoplay, Thanks for the clarification. The listing as a Major Investor is certainly misleading if, in fact, Gabriel's and Tambori's ownership totals less than 1.3%.
I note that our gender confused friend on the Naphead board is suggesting that some fraction of the couples Biofrontera ownership is held under the Pharm Eco umbrella and therefore doesn't show up as personal holdings. I have no idea if this is true or not, but it would explain the incongruity of the 'Major Investor' label.
If it is true it would also reopen the conflict of interest discussion.