Reduction of accounts payable is less likely due to MMC's need for investment resources. The stake was transferred to third parties by Magnitogorsk Steel without MMC's consent, and the shares were then arrested by a decision of the Chelyabinsk Arbitration Court. Scant trading in MMC shares at the end of 1999 is partly due to the shortage of free-float. Company reports, RMG estimates The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.