Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: copper000 who wrote (1221)	3/27/2005 10:16:32 PM
From: Copperfield	of 1301

Foreign residents can open accounts. I was inaccurate with respect to the location of the accounts. The brokerage I deal with as well as the other ones I checked out have the accounts in Cyprus. ATON has banking relations with JP Morgan in New York which is where you do transit banking. ADR holders in AOMOY will get their new company shares sold and the money transferred to their accounts. USERY will likely be similar. In the future perhaps the same type of breakup could happen to other companies like Gazprom. I am trying to buy shares in a company called Energomash Corporation based in Barnaul. The problem I have at the moment is the ASK minimum is higher than I want to commit to begin with. Except for a few blue chips, Russian stock are generally thinly traded. I am looking into buying bonds in their subsiduary GT-TEC Energo instead while I follow the company. Perhaps a suitable stock buying opportunity will emerge in the future. I have a short watch list of other companies I follow. I think the best thing with Russian stocks is to study the company and even contact them and be prepared to invest for the long term.

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