Roger EDGE1 - Page 300

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22 hƚLJůŝnjĂĐũĂ
hƌnjČĚnjĞŶŝĞ ŵŽŐČ njĚĞũŵŽǁĂđ ǁLJųČĐnjŶŝĞ ǁLJŬǁĂůŝĮŬŽǁĂŶŝ ƚĞĐŚŶŝĐLJ ƐƚŽƐƵũČĐLJ ƉƌŽĐĞĚƵƌLJ
ƉƌĂǁŝĚųŽǁĞŐŽ njĚĞũŵŽǁĂŶŝĂ ƵƌnjČĚnjĞŶŝĂ dŽ ƵƌnjČĚnjĞŶŝĞ ũĞƐƚ ǁLJŬŽŶĂŶĞ nj ƌſǏŶLJĐŚ ŵĂƚĞƌŝĂųſǁ nj
ĐnjĞŐŽŶŝĞŬƚſƌĞŵŽǏŶĂŽĚnjLJƐŬĂđĂŝŶŶĞƚƌnjĞďĂƵƐƵŶČđǁŽĚƉŽǁŝĞĚŶŝƐƉŽƐſďůƵďnjƵƚLJůŝnjŽǁĂđǁ
ƐƉŽƐſďnjŐŽĚŶLJnjƉƌnjĞƉŝƐĂŵŝŵŝĞũƐĐŽǁLJŵŝŽďŽǁŝČnjƵũČĐLJŵŝĚůĂƚĞũŬĂƚĞŐŽƌŝŝǁLJƌŽďſǁ
ĂďƌĂŶŝĂƐŝħǁLJƌnjƵĐĂŶŝĂƚĞŐŽƵƌnjČĚnjĞŶŝĂĚŽ ŽĚƉĂĚſǁ ŬŽŵƵŶĂůŶLJĐŚDĂƚĞƌŝĂųLJƐĞŐƌĞŐŽǁĂđĚŽ
ƵƐƵŶŝħĐŝĂǁƐƉŽƐſďƉƌnjĞǁŝĚnjŝĂŶLJŵŝĞũƐĐŽǁLJŵŝƉƌnjĞƉŝƐĂŵŝDŽǏŶĂƚĞǏƉƌnjĞŬĂnjĂđƵƌnjČĚnjĞŶŝĞĚŽ
ƐƉƌnjĞĚĂǁĐLJǁŵŽŵĞŶĐŝĞnjĂŬƵƉƵŶŽǁĞŐŽƵƌnjČĚnjĞŶŝĂƌſǁŶŽǁĂǏŶĞŐŽ
DŝĞũƐĐŽǁĞ ƉƌnjĞƉŝƐLJ ŵŽŐČ ƉƌnjĞǁŝĚLJǁĂđ ƐƵƌŽǁĞ ƐĂŶŬĐũĞ ǁ ƉƌnjLJƉĂĚŬƵ ŶŝĞǁųĂƑĐŝǁĞũ ƵƚLJůŝnjĂĐũŝ ƚĞŐŽ ƵƌnjČĚnjĞŶŝĂ
KƐƚƌŽǏŶŝĞEŝĞŬƚſƌĞĐnjħƑĐŝƵƌnjČĚnjĞŶŝĂŵŽŐČnjĂǁŝĞƌĂđƐƵďƐƚĂŶĐũĞnjĂŶŝĞĐnjLJƐnjĐnjĂũČĐĞůƵďŶŝĞďĞnjƉŝĞĐnjŶĞŬƚſƌĞ
ǁƉƌnjLJƉĂĚŬƵƌŽnjƉƌnjĞƐƚƌnjĞŶŝĞŶŝĂŵŽŐČŵŝĞđƐnjŬŽĚůŝǁLJǁƉųLJǁŶĂƑƌŽĚŽǁŝƐŬŽŝŶĂůƵĚnjŬŝĞnjĚƌŽǁŝĞ
23 /ŶĨŽƌŵĂĐũĞĚŽĚĂƚŬŽǁĞŝĚĂŶĞŬŽŶƚĂŬƚŽǁĞ
tƐnjLJƐƚŬŝĞƉƌĂǁĂĚŽƚLJĐnjČĐĞƚĞũƉƵďůŝŬĂĐũŝƐƚĂŶŽǁŝČǁLJųČĐnjŶČǁųĂƐŶŽƑđĮƌŵLJZK'Zd,EK>K'z
ZK'Z d,EK>K'z njĂƐƚƌnjĞŐĂ ƐŽďŝĞ ƉƌĂǁ ĚŽ ǁƉƌŽǁĂĚnjĂŶŝĂ ĞǁĞŶƚƵĂůŶLJĐŚ ŵŽĚLJĮŬĂĐũŝ ƌſǁŶŝĞǏ ďĞnj
ǁĐnjĞƑŶŝĞũƐnjĞŐŽŝŶĨŽƌŵŽǁĂŶŝĂŽƚLJŵtLJƌĂǍŶŝĞnjĂďƌĂŶŝĂƐŝħǁLJŬŽŶLJǁĂŶŝĂŬŽƉŝŝƐŬĂŶſǁŬŽƌĞŬƚŝŵŽĚLJĮŬĂĐũŝ
ďĞnjƉŝƐĞŵŶĞũnjŐŽĚLJĮƌŵLJZK'Zd,EK>K'z
ZK'Zd,EK>K'znjĂƐƚƌnjĞŐĂƐŽďŝĞǁŬĂǏĚĞũĐŚǁŝůŝƉƌĂǁŽĚŽŵŽĚLJĮŬĂĐũŝŝƉŽƉƌĂǁĞŬƉƌŽĚƵŬƚƵŬƚſƌĞŶŝĞ
ƉŽǁŽĚƵũČnjŵŝĂŶLJǁĞƌƐũŝ&t
tƉƌnjLJƉĂĚŬƵďƌĂŬƵƉƌnjĞŐůČĚƵŝŶƐƚƌƵŬĐũŝŽďƐųƵŐŝƉƌnjLJũŵƵũĞƐŝħǏĞƚĂŝŶƐƚƌƵŬĐũĂŽďŽǁŝČnjƵũĞĚůĂƚĞũŽƌĂnjĚůĂ
ŬŽůĞũŶLJĐŚǁĞƌƐũŝ&tĐĞŶƚƌĂůŝƐƚĞƌŽǁŶŝĐnjĞũ
dĂŝŶƐƚƌƵŬĐũĂǁƌĂnjnjŽƐƚƌnjĞǏĞŶŝĂŵŝĚůĂ ŝŶƐƚĂůĂƚŽƌĂũĞƐƚĚŽƐƚĂƌĐnjĂŶĂǁ ƉŽƐƚĂĐŝƉĂƉŝĞƌŽǁĞũŝ ƵŵŝĞƐnjĐnjŽŶĂǁ
ŽďƵĚŽǁŝĞƵƌnjČĚnjĞŶŝĂ
&ŽƌŵĂƚĐLJĨƌŽǁLJ;W&ͿŽƌĂnjǁƐnjLJƐƚŬŝĞĞǁĞŶƚƵĂůŶĞƉƌnjLJƐnjųĞĂŬƚƵĂůŝnjĂĐũĞƐČĚŽƐƚħƉŶĞǁnjĂƐƚƌnjĞǏŽŶĞũƐƚƌĞĮĞ
ŶĂƐnjĞũƐƚƌŽŶLJŝŶƚĞƌŶĞƚŽǁĞũǁǁǁƌŽŐĞƌƚĞĐŚŶŽůŽŐLJĐŽŵϮǁƐĞŬĐũŝ^ĞůĨ^ĞƌǀŝĐĞ
^Zt/^<>/EdZK'Zd,EK>K'z
ŽƚǁĂƌƚĞ ŽĚƉŽŶŝĞĚnjŝĂųŬƵĚŽƉŝČƚŬƵ
 ŽĚϴϬϬĚŽϭϮϬϬͲŽĚϭϯϯϬĚŽϭϳϯϬ
dĞůĞĨŽŶ нϯϵϬϰϭϱϵϯϳϬϮϯ
ͲŵĂŝů ƐĞƌǀŝĐĞΛƌŽŐĞƌƚĞĐŚŶŽůŽŐLJŝƚ
^ŬLJƉĞ ƐĞƌǀŝĐĞͺƌŽŐĞƌƚĞĐŚŶŽůŽŐLJ
ďLJnjŐųŽƐŝđĞǁĞŶƚƵĂůŶĞƉƌŽďůĞŵLJůƵď ƉƌnjĞƐųĂđnjĂŵſǁŝĞŶŝĂĚŽƚLJĐnjČĐĞĂƵƚŽŵĂƚLJŬŝƉƌŽƐŝŵLJŽǁLJƉĞųŶŝĞŶŝĞ
ŶĂƐnjĞŐŽ ĨŽƌŵƵůĂƌnjĂ ŽŶůŝŶĞ EWZtz ĚŽƐƚħƉŶĞŐŽ ŶĂ ŶĂƐnjĞũ ƐƚƌŽŶŝĞ ǁǁǁƌŽŐĞƌƚĞĐŚŶŽůŽŐLJĐŽŵϮ ǁ
ƐĞŬĐũŝ^ĞůĨ^ĞƌǀŝĐĞ