NBG- my head is spinning on the ever changing scenario valuations.
A post from the NBG board is much on my mind.
Mierto Tuesday, 11/24/15 05:25:10 PM
Re: None
Post #
12812
of 12815 Go
I am a little confused now with this stock given that there is the ETE ticker for the Athens exchange and our lovely NBG here on NYSE.
From what I just read, it all says this is for ETE and the stock traded on the Athens exchange. It has no implications for the US stock exchange, and explicitly says this at the end of the more recent 6-k.
With that said, what happens to NBG???
Are we going to get the reverse split still? Will there be dilution? Will the stock price jump up to the ETE value post-r/s (that doesn't make sense to me, nor could that be the case because NBG would have skyrocketed in PPS), or will NBG just find a "reasonable" price value determined by the market once ETE resumes trading after their halt on the 3rd of
December??
I just thought when the Bank of Ireland did its reverse splits back when their bank went under, they had to do separate filings for both the ticker for London's exchange and the ADR version.
This has been mentioned a few times in other articles/boards, but I've yet to see it discussed here.
A lot to analyze here, and anyone willing to help break this legal jargon down into more simple and understandable terms would be appreciated.
GLTA
