7/30/2019 Estro 12

1/6

plqtmlebrl2188

Lptrj82

@jemlkzh h ehkmclpthrpl ih ehd|rlz `|hkdj plktmejp x|l k|lptrh

qrlj`|qh`mk lp eh}jr qjr ijp dlep x|l qjr kjpjtrjp empejp+

@jq}rmfnt h ih tjthimdhd? crhk`mp`j ohsmlr `jpth iqlzJtrjp dlrl`njp `jrrlpqjkdlk h x|mk pl elk`mjkh+

Hiblrt Lmkptlmk .8>6=%8=>+ H ijp trlp hjp)x|ld n|rchkj dl qhdrl) x|ldhkdj h l~qlkphp dl p| h|tjrmthrmh ehdrl) `jk ih x|lf|hrd |kh rlih`mk dl hejr%jdmj) d|rhktl li tmleqj x|l smsm lk + Hifj bhojdl lptht|rh } dl `jeqil~mk |k thktj rjb|pth) tlkh |kdlcl`tj dl kh`memlktj lk li qml dlrl`nj) x|l il nh`h `jolhr)ij x|l pmfkmcm` e|`nhp sl`lp ihp b|rihp dl ih flktl) h|kx|li ij |tmimz `jk l~trlehdh pjit|rh) `jkcmrmkdjil h p| hkdhr)

|k lptmij qlrpjkhi+ E|} ojslk) h ih ldh dl k|lsl hjp) c|lq|lptj bhoj ih dmrl``mk dl |kh mkptmt|trmz) x|l ij lk`hemkqjr dmpqhrlp hemkjp) nh`mkdjil jkj`lr } lkplkdjil ijp qrmelrjp lp`hr`ljp hejrjpjp+ Lptj ehr`pmk d|dh hi qlx|lj) } h|kx|l pmleqrl ehkt|sj) x|l liij kjil qlro|dm`) pm rl`jkj`m nhblr ehd|rhdj qlrpjkhielktl)qlpl h p| o|slkt|d+ Kj jbpthktl) lptl tmqj dl smdh) plrh lk lic|t|rj) nhbmt|hi qhrh i+ Lkhejrhdj dl |kh qrmeh p|}h)eh}jr x|l i) p|crm p| rl`nhzj) ij x|l il meq|ip h rlhimzhrp|p qrmelrhp jeqjpm`mjklp) dlpqlrthkdj p| nhbmimdhd qhrh

`jk ihp iltrhp+ Lpt|dm lk ) djkdl c|l |k b|lklpt|dmhktl) lpql`mhimzkdjpl h ih slz lk bj~lj } lpfrmeh)pmlkdj `jkj`mdj hdlep qjr p| l~trhshfhktl cjreh dl slptmr+Lk lpjp hjp) fhpt p| qlx|lh cjrt|kh lk im`lk`mjphp cmlpthp)

t|sj e|itmt|d dl hehktlp } dloj ihrh `jkpthk`mh dl p|bmpl~|himdhd+ Hqhrtl lptj) leqlz h lp`rmbmrp|p qrmelrhp jbrhp qjtm`hp+ Lk 8>88) chiil`l p| ehdrl } djp hemfjp)qjr ij x|l pl jbplpmjkh `jk ih e|lrtl) pmlkdj rl`jfmdj qjr p|nlrehkhptrh) `jk ih x|l t|sj rlih`mjklp mk`lpt|jphp+ Lk 8>883) h`jphdj qjrdl|dhp) qjr ijp r|ejrlp dl p| rlih`mk `jk p| nlrehkhptrh .`jk x|mk

t|sj |kh nmoh) -) } qjr ihp `rtm`hp h p|p lp`rmtjp hktmqhtrmtm`jp)hbhkdjk Mkfihtlrrh) djkdl kj rlfrlphrh ohep+ Dlpq|p dl smpmthr

) c|l dmrl`thelktl h P|mzh) h `jksmsmr `jk li c|t|rjehtrmejkmj Pnliil} } jk p| edm`j qlrpjkhi ) thebmklp`rmtjr+ C|l ih kj`nl dli 86 dl o|kmj dl 8>83) `|hkdj lk ih

Nh`l

811hjp Ijrd B}rjk) li frhk rjektm`j

Kmkfk h|tjr) nh

mkci|mdj thktj lkp| qj`h } lkflklrh`mjklpqjptlrmjrlp) `jejIjrd B}rjk) dlix|l) Fjltnl) iilfh dl`mr?

+ Rhzkkj il chithbh+

B}rjk lp

li qjlth dliqrlplktl

7/30/2019 Estro 12

2/6

Lptrj

p| qrleht|rh e|lrtl) lpthkdj `jkpmdlrhdh `jej ih jbrh dl qjleh ihrfj) epmeqjrthktl dlpdl dl + H p| chiil`memlktj)`jkpthbh dl 86 `hktjp) djkdl rlihth) h o|m`mj dl p|p ep clrsmlktlp plf|mdjrlp)qhrtl dl p|p hkdhkzhp lk smdh) } pjbrl tjdj p| mdlhimpej dl imblrthdlp) rlblidh

} jqjpm`mk hi jrdlk lpthbil`mdj) qlrpjkmcm`hdj qjr |k ojslk kjbil lpqhji+ P|

jbrh) qlrd|rh) qjr ih htrh``mk x|l p| lp`rmt|rh lolr`l pjbrl li il`tjr) x|lmktlkth pjbrlqjklrpl h ih `jktmk|h mdlhimzh`mk qrjq|lpth qjr B}rjk) kj l~lkthlk kmkf|kj dl ijp `hpjp) dl qhpholp `hrfhdjp dl lejtmsmdhd } rlcil~mk+ P| jbrh)nh pmdj c|lktl dl hdemrh`mk l mkpqmrh`mk qhrh rlkjebrhdjp h|tjrlp `jej?

) ) ) ) ) ) j +

+ . -

+ . -

Hi mf|hi x|l pl flpt ) j li dllk hx|liih tjrelktjph kj`nl) B}rjk) `jk qjptlrmjrmdhd }

dlphrrjiihkdj |k qjleh l~mptlk`mhi) lp rmbm ih jbrh tmt|ihdh ) |k`ipm`j dl ih imtlrht|rh ftm`h) djkdl pl leqilhk pebjijp qjr hx|li lktjk`lpdlp`jkj`mdjp j thblp) `jej ihp qrj}l``mjklp hptrhilp) ih hdmsmkh`mk j lilpqmrmtmpej+ P| dlkpmdhd } imrmpej) c|lrjk jqjrt|khelktl hdhqthdhp h ihepm`h qjr li ehlptrj lk p| "+L~mptl jtrh jbrh elkjp jkj`mdh dl ) bhphdhmf|hielktl lk li qlrpjkhol `rlhdj qjr B}rjk+

Li qhrhpj qlrdmdj Emitjk

Fjltnl Ihehrtmkl Qjtj`gm Qjl B`x|lr N|fj D|ehp Ghri Ehr~

Cijth ih smdh dli njebrl lktrl djp e|kdjp) `jej|kh lptrliih lk li njrmzjktl lktrl li dh } ihkj`nl+ X| qj`j phblejp dl ij x|l pjejp } elkjp

tjdhsh dl ij x|l nlejp dl plr(+ Ih ltlrkh `hrrlrhdli tmleqj pl iilsh k|lptrhp crfmilp l~mptlk`mhp7|kh jih iiheh h jtrh jih lk li lpq|ejpj j`hkj dlijp pmfijp) emlktrhp x|l dl ijp plq|i`rjp dl ijpmeqlrmjp ilskthpl |k ejk|elktj `jej plilshkthk pjbrl ih iihk|rh mkelkph dli ehr ihpqhpholrhp jihp Djk O|hk

D|i`l lp plr dlpqlrthdj qjr li `hktj dl ih hijkdrh} hrr|iihdj lk k|lptrj p|lj qjr li r|mdj dl ih

`hp`hdh Lp d|i`l ih slkdmemh `|hkdj ijprh`mejp `hlk lk dlpjrdlk } qrjc|pmk hi p|lij n|eldl`mdj dli q|rqrlj

o|fj7 lp d|i`l } hilfrl li heqlptrl qhplj x|l kjp hqhrth dli trchfj dl ih`m|dhd Ih rl`jk`mimh`mk lp d|i`l) } h sl`lp thebmk |kh x|lrliih7 lpd|i`l phimr `jktrh li e|kdj lktlrj lk dlclkph dl |k dlpshimdj) } epd|i`l tjdhsh sjislr hi hpmij dl ih kmlz) x|l k|k`h pl jismdh+ Qlrj epd|i`l x|l tjdj lptj) } ep d|i`l x|l tjdhp ihp d|iz|rhp dl lptl e|kdj) lpli qrmelr hejr) ih qrmelrh qhpmk Djk O|hk

Crhkglptlmk Sheqmrj Ojnk VmiimheQjimdjrm

Ehkcrld

T`nhmgjspg} Pmkcjkh Ehkcrldj) Jq+ Ehkcrld Rjblrt P`n|ehkk

Lk lcl`tj) Ehkcrldj lp |k pljr x|l smsl lk |k `hptmiij dl ijp Hiqlp) lkeldmj dl ihp kmlslp } dl ijp slktmpx|lrjp) x|l hbjrrl`l } dlpqrl`mh h tjdjplr smsmlktl) } x|l qhrh b|p`hr |kh pj`mldhd ep hrmptj`rtm`h } dmfkh dli pl nh lktrlfhdj h ih ehfmh) } `jkslrph chemimhrelktl `jk ijp qjdlrlppjbrlkht|rhilp) `jk ijp lpqrmt|p dl ih tmlrrh) dli hmrl } dl ih i|z) `jk ihpkmkchp dl ihp hf|hp } `jk li empej flkmj dli ehi) Hrmehklp) h `|}jqhih`mj h`|dl lk qlrpjkh qhrh lsj`hr h |k e|lrtj) h`jrdkdjpl dl x|lPhi nmzj ij qrjqmj ih spqlrh dl ih bhthiih dl Flibj } dl x|l Qh|phkmhp

H@TJ MLP@LKH M

Ehkcrld

.\kh fhilrh ftm`h+ Tmleqj?eldmhkj`nl+ Ehkcrld) pjij+-

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Qlrj ih hcim``mk dlblrh plr ihmkptr|`tjrh dli phbmj7 ih phbmd|rh lptrmptlzh? hx|liijp x|l ep phblkdlblk ihelkthrpl ep njkdhelktlpjbrl ih chthi slrdhd+++ li rbji dli@jkj`memlktj kj lp li dl ih Smdh+Ih cmijpjch } ihp `mlk`mhp) ijp jrflklpdl ijp qjrtlktjp } li phblr dli e|kdjnl lpt|dmhdj) } lk em elktl nh} |kqjdlr qhrh pjeltlrijp lktlrhelktl hem hktjoj) qlrj kj el pmrslk7 nl

nl`nj li bmlk h ijp njebrlp) } h|knhii h em slz li bmlk lktrl liijp) qlrjkj el pmrsm7 nl tlkmdj lklemfjp) }kmkf|kj el hbhtm) emlktrhp x|le|`njp `h}lrjk hktl e) qlrj kj elpmrsm7 li bmlk) j li ehi) ih smdh) ihpqhpmjklp) li qjdlr) tjdj ij x|l slj lkijp dlep nh pmdj qhrh e `jej ii|smhpjbrl ihp hrlkhp dlpdl hx|liih njrhpmk kjebrl+ Khdh tlej hnjrh) } p|crjih ehidm`mk dl kj tlklr km |k pjijemldj kht|rhi) km h|k |kh mktrhkx|mihqhiqmth`mk x|l el fjiqll `jkhknlijp) `jk lpqlrhkzhp) j `jk hifkj`|itj hejr nh`mh hifj dl ih tmlrrh+++

Njrhp j`mjphp .8>16-Bhrdjp mkfilplp) `rtm`jp lp`j`lplp.8>1=-Ihp qlrlfrmkh`mjklp dl @nmidl Nhrjid

.8>82%8>-Ih kjsmh dl Hbmdjp .8>80-Li Fmhj|r .8>80-Li `jrphrmj .8>84-Ihrh .8>84-Elijdhp nlbrlhp .8>883-Qhrmpmkh .8>83-Li m m d @nmii .8>83-

Jbrh dl Ijrd B}rjk

7/30/2019 Estro 12

3/6

Lptrj

@mklPm

.-) ehr`

|k nmtj lk li pqtmejhrtl) `jej qli`|ih dl

) dlbmdjh |kh lpttm`h |k thktj

bhrrj`h } hi ejkthol)x|l rl`|rrh h `jrthr ih

trheh `jk ih mkplr``mkdl dltlremkhdjp cihpn) . -)mkm`m ih lrhdl ih +Bhphdh lk li rlihtj

dl lp ihnmptjrmh dl |k`hzhrrl`jeqlkphp)lk`hrfhdj dl ih `hqt|rhdl |kjp rjbjtp) ijp ") chbrm`hdjp h

mehflk } plelohkzh dliplr n|ehkj) qlrj e|`njep c|lrtlp) fmilp }phbmjp) dlkjemkhdjp ) x|l

trhbhohk h ihp rdlklp dlijp n|ehkjp) jej lp`ihsjp lk jtrhp jijkmhp+ Qlrj |k fr|qj dlliijp) pl rlblih jktrh ihp meqjpm`mjklp dl p|p ) } s|lislk h )`jk li cmk dl dlpqihzhr h ih n|ehkh x|l ih nhbmth) q|lp ijp epqjdlrjpjp) nh`l tmleqj x|l ih hbhkdjkhrjk qjr jtrjp qihklthp ep

Ih q|lpth lk lp`lkh) kjp rl`|lrdh h ijp dl cm``mk dl hkthj)qlrj `jk ih mk`i|pmk dl ih tl`kjijfh dli ejelktj) hqrjsl`nhdh `jk p|ej`|mdhdj qhrh p|elrfmrkjp lk |k e|kdj c|t|rj dlpjihdjr) iilkj dl jp`|rmdhd)pjebrhp } n|ejp) x|l `mr`|kp`rmblk h |kh frhk |rbl) djkdl li plr n|ehkj) epx|l smsmr) pl rlc|fmh+ Frhk mktlrqrlth`mk dl } ) x|lqrjthfjkmzhk |kh dl ihp lp`lkhp cmkhilp ep meqh`thktlp dli `mkl ejdlrkj)`|hkdj ) kj pmk frhkdlp dmcm`|ithdlp) pl lkcrlkth hi rlqim`hktl ) x|l

2118? |kh jdmplhdli lpqh`mj Pthkil}G|brmg) 8=3>

`mlk`mh%cm``mk

Bihdl R|kklrRmdil} P`jtt) 8=>2

`mblrq|kg`mlk`mh%cm``mk

P|lhk ijp hkdrjmdlp`jk jslohp li`trm`hp:

Qnmimq G+ Dm`g)

Kl~|p 3

rlqim`hktlp

slrdhdlrjpd|ljp Ih Tmlrrh

bhp|rhoslklp }

imeqmjp `jem`p

Nhrrmpjk Cjrd R|tflr Nh|lr

Cjrd Nh|lr

8

Bihdl

r|kklrPmr Rmdil} P`jtt

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84=2? Ih`jkx|mpth dli qhrhpj

FihdmhtjrLi rlmkj dl ijp

`mlijp Rjbmk Njjd

Jp`hr

Dmrl`tjr `|t

) .8=06-)dmrl`tjr dl `mkl brmtkm`j)`hrh`tlrmzhdj qjr p|`jeqrjempj `jk ih `himdhd+Lk p| `mkl) hqhrtl dl ijph`tjrlp) hqhrl`lk lilelktjp`jej ih hebmlkth`mk)lp`lkhrmjp l mk`i|pj ihepm`h) jeqhrtmlkdjnjkjrlp lptlihrlp) q|lp p|

lptr|`t|rh`mk lp lirlp|ithdj dl |kh ihbjrmjphqihkmcm`h`mk+ Hp nhkkh`mdj cmiep `jej

.8=6=-) .8=>2-) .8=>=-) .8==8-)

.8==2-)

.2111-) .211

7/30/2019 Estro 12

4/6

Lptrj

C+O+Q+F+C+O+Q+F+

C+O+Q+F+

C+O+Q+F+C+O+Q+F+C+O+Q+F+

C+O+Q+F+C+O+Q+F+C+O+

Q+F+C O

? \k dlph}|kj+? @nj`jihtl `jk `n|rrjp+? Ih elojr njrh dli dh+? Tjdhp ihp njrhp `|hkdj

nh} i|kh iilkh+? \kh `m|dhd qhrh smsmr+? Em Rlfmk dl E|r`mh }

Ehdrmd+? \k kjebrl dl e|olr+? @limh+? \k kjebrl dl njebrl+? Flrek Dhsmd+? \kh cl`nh+? Kh`memlktj dl em nmoh } dl

emp kmltjp+

? Li elojr rl`|lrdj+? Kh`memlktj dl em nmoh+? Li qljr rl`|lrdj+? Ih e|lrtl dl em ehdrl+? Ih bjtliih eldmj iilkh j el%

dmj sh`h+? Hdemtj ihp djp jq`mjklp+T n bm m i t

C+O+Q+F+C+O+Q+F+C+O+

Q+F+C+O+Q+F+C+O+Q+F+

C+O+Q+F+

C+O+

Q+F+C+O+Q+F+

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? Phk O|hk dl Dmjp+? \k qjitm`j+? ///////////////+? Qlrpjkh*p x|l ep hdemrh+? Ijp x|l rlk|k`mhk h p| tmleqj imbrl lk

ihbjrlp n|ehkmthrmhp+? Qjr x|:? Qjrx|l qrlcmlrlk li bmlklpthr dl ijp dl%

ep hi p|}j qrjqmj++? \k rlcrk j crhpl x|l il f|ptl+

? Kj qjr ep `jrrlr) pl iilfh hktlp+? Dlp`rbhpl h pm empej) brlslelktl+? Pj} |kh qlrpjkh hqhpmjkhdh) `jk mdlhp

qrjqmhp+

BrlslplebihkzhQhx|mthFhr`h

Shislrdl

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@jeqrlkpmk

@jk ih h}|dh dl Olp|`rmptj rjblejp |kjpemk|tjp rlcil~msjp qhrh `jkdlkhr ijphrtmcm`mjp dl bihkx|lhdjrlp dl meflklp

} li lkfhj } ih elktmrh+

X|l pl rlpqltl ih smdh } kj pl dlrrhel ihphkfrl dl jtrjp)h tm Dmjp dl em |kmslrpj) tl ij qmdj qhrhx|l el dl c|lrzh+

] ih `jeqrlkpmk km`h dl ih rlh`mk)kj ep pjij li trm|kcj dl ih ehtlrmhpjbrl li lpqrmt|)qjr x|) Pljr) kj hbrmejp k|lptrhpehkjp } `|brmejp dl slrpjp dl hejr ih

tmlrrh:

X| qlrtlkl`l h tjdjp ijp plrlp smsjp)Pljr) hbrmr emp ehkjp qhrh imbrhr dl

bhrrj h |kh cijr qmpjtlhdh+

Qhrh plebrhr ih plemiih dli bmlk }ijp ehishdjp hqrlkdhk h iijrhr }li lx|mimbrmj dl ih tmlrrh smsh lk li`jpejp dl ih i|z dlihp lptrliihp+

qrmehslrh tl hilfrh li `hemkj+E|lrl p| qrlplk`mh qjr |k tmleqj

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Wep x|l ih

qmplp jtrj hj hq|lpth pl ilshkthWlilskdjplhi `mlij } qmkthkdj li p|lij `jk

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]j } li `jijr pjejp ij empej)Whilfrh

dl c|t|rj qmkthdj) smpmbil ih x|l lpWmksmpmbil

t `|hk `rd|ijp pjk ijpWelktmrjpjp `rllk

pmleqrl plr `rldjp) pm kj pmlktlpWhejr

rlleqizhij qjr dlim`hdlzh }

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Vmkptjk @n|r`nmii nhbh mdj hP|dcrm`h lk himdhd dl qlrmjdmpth)qlrj `jeltm li lrrjr dl dlohrpl

`hqt|rhr `jk |k dlpth`helktj dlpjidhdjp brmtkm`jp } c|l mktlrkh%dj+ @n|r`nmii lpthbh mkdmfkhdjqjrx|l ijp blrp kj dmp`rmemkh%

bhk lktrl |k `jrrlpqjkphi dl f|l%rrh } |k `jebhtmlktl) } sj`mclrhbhh sjz lk `|liij x|l i lrh |krlqjrtlrj) }) qjr thktj) mke|kl hih `hqt|rh+ Dlpdl li `heqj dl qrm%pmjklrjp hqli h e lk |k lp`rmtj

dl bmlk `jk`lbmdhp crhplp+Mkeldmhthelktl q|pl lk ehr`nhih ehx|mkhrmh jcm`mhi qhrh imblr%

thrij) qlrj) hktlp dl x|l ijfrhrhnh`lrij qjr sh ilfhi) @n|r`nmii plnhbh lshdmdj+ Hjp ep thrdl ellk`jktr `jk i lk hif|kh j`hpmk

7/30/2019 Estro 12

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7/30/2019 Estro 12

6/6

Lktmlrrj dl ih Phrdmkh

80+14+2116

@ 2116 % crhk`mp`j ohsmlr jpth iqlz

Lktmlrrj dl ih Phrdmkh

80+14+2116

@ 2116 % crhk`mp`j ohsmlr jpth iqlz