Mechel PAO (MTL)

[I-Man]

Back to 1.30 area to close trade gap created... Sad to see the shareholder meeting March 4th did not have majority of common shareholders send in voting cards on time so that matter will be reintroduced at another meeting.

Foreign shareholders and Russian shareholders all sent in on time and supported MTL and that bank financing deal, but the US shareholders (ADR's) was the problem as most did not receive the voting packet from their brokerages in time to complete and send back. I know myself, after contacting transfer agent as mine came on a Saturday afternoon, and I had to have it back by Tuesday 10:00am NY time- and spent extra $$$ just to ensure it was sent back- but problem was as I told Agent (and he agreed), for some reason, the US brokerages were slow sending these voting packets out to MTL shareholders and to me, smells of something not right...

private investors could ONLY send back in US mail, while corp shareholders were allowed to fax in voting card???? Makes no sense...