@ oshfdk If you're talking about cramped letters, then what's this? 
That line could be the misplaced “f” stroke?
@ Koen
Yes, I'm very aware of that, and as you know, this theory wasn't my first choice either.
But it has the advantage of being incredibly simple, with very few assumptions—if you view it as a slightly misspelled “es.” But only if you read the ‘af’ as “von.”
We all know how small the letters really are. And as I said, it’s fast handwriting—not like in the comparison text—and even there you can see how this “ez” is sometimes very distinct and sometimes written very close together.
But I guess there's no such thing as a perfect theory. Still, the other theories are probably just even worse And we don't even know if the sentence is supposed to make any sense at all - I know.
that is the "e" von teve / ceve in the first line.
That line could be the misplaced “f” stroke?
@ Koen
Yes, I'm very aware of that, and as you know, this theory wasn't my first choice either.
But it has the advantage of being incredibly simple, with very few assumptions—if you view it as a slightly misspelled “es.” But only if you read the ‘af’ as “von.”
We all know how small the letters really are. And as I said, it’s fast handwriting—not like in the comparison text—and even there you can see how this “ez” is sometimes very distinct and sometimes written very close together.
But I guess there's no such thing as a perfect theory. Still, the other theories are probably just even worse
And we don't even know if the sentence is supposed to make any sense at all - I know.that is the "e" von teve / ceve in the first line.