you are right, the connection is not ideal, and the J-curve-effect in 2013 described in the text is something you do not want to see either. But in the end I do not think the figures are out of the world.
so it is more a matter of credibility:
Regarding the equities issue they should make a clear statement to get this out of the way.
Regarding the German market entry I have been at the location on the "Roemer"-place in Frankfurt recently , but the shop seems to have a different name, I did not find "Apollo". I have to go again and ask. Anyhow, the revenue assumption of 2,7 Mln. USD is a lot for a very limited number of stores.
I count on the leverage effect in China rather that Germany or Russia.
Well, at least the 2011 eps-number should be more or less right, and 0,58 cent is more than I expected and gives room to move CKGT north.
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