Yes, is the conclusion of stock analysts after the telecom software firm said it was undergoing a "strategic review of its corporate and capital structure" during a disappointing quarterly profit announcement late Thursday.

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Scheinrock is actually a CPA with extensive experience in international financial markets, corporate finance, capital structure, acquisitions and strategic investments.

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Because the Co-Op would become so large in the sensitive business of taking deposits, with care of tens of billions of pounds of savings for many millions of customers, it would be forced to change its corporate structure and governance, and dedicate more capital to banking, to protect depositors from losses.

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Included in that package is the elimination of capital gains levies on the sale of corporate assets, which should set off the reform Germany's sclerotic corporate structure so badly needs.

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