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.