Mobile Telesystems - SEC Investigation Update

Mobile Telesystems – MBT:  Disclosed investigation confirmed as on-going.  Within the Mobile Telesystems 6-K filed on 18-Mar-2014, the company first disclosed an SEC investigation.  Now, more than 4 years later, the 20-F filed in April-2018, is the first time the term “Foreign Corrupt Practices Act (FCPA)” is included in the related disclosure. This is squirrelly.  We call this a material risk you cannot analyze and properly discount.  Relevant excerpts from company disclosures appear in this report.

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