Going to zero?
I am not familiar with NBG. After reading 2 investor notes, I came for a look.
They went something like this: Good Bank/Bad Bank concept.
A new NBG will be set up (different tax ID Etc). All the good paper (assets etc) to be moved over to the Good Bank. And, To be recapitalized and publicly traded. The existing Bad NBG will only hold the bad paper & underwater assets A LA the fed 2008. It will be taken off the trading floor, hence, shareholder value wiped out. The bad bank will hold the bad paper until some time in future when prices rise and paper can be sold.
This possibility has not been publicly aired. After reading these investor notes, am considering a short here if possible
