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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Tom Trader who wrote (25301)8/27/1998 9:47:00 AM
From: Joseph G.  Respond to of 94695
 
Taking Ariks info << holder of 161MM common stocks (24%) of LUKoil (LKOH$), a Russian company which went from $24 to $4>> we can assume they bot the stock at IPo at ~$12 - that's 161M*12 = $1,800M = $1.8 Bill

That's what the bank had on its books as an asset if they did not mark it to market ($24 at peak).