I read/heard something similar... not sure if it was a company...

I read/heard something similar... not sure if it was a company announcement or from a conversation I had with management, but I do recall a 10-15% ownership by our German shareholders.

To be honest our German listing never really got me too excited, at least not until we developed EcoGraf. IMO EcoGraf will be the catalyst to attracting significant German interest. EcoGraf is a great bolt-on to our existing strategy but it is also a viable business in its own right.

I would like to see 30-40% German ownership. If EcoGraf is as successful as I expect it will be, then I believe German interest and ownership will continue to grow.