National Bank of Greece ADR (fka NBGGY)

[OrchidCap]

1)BNY Mellon could opt to maintain ADR as unsponsored.
2) sell ADR circa march 31 and buy underlying on athex.

9B odd shares outstanding. Will they or won't they cheat us out of a potentially huge run up by reverse splitting.

Re: recap, despite meeting capital ratios if indeed nbg does, let's not forget the whole so called rescue was to bailout the German and French banks to the detriment of all things Greece. I wouldn't put it passed the powers that be to screw over Greek interests and plunder Greek banking assets one final time before the true recovery.

Still no chat on substantive debt relief despite promises raises an eyebrow

Stay nimble, earnings should be interesting this week