Can't ever see it doing that. Don't think this will move much until the stress test is done, just some of the 70+ reform laws needed still to be introduced. That will show the market and the ecb and imf that tis can be trusted to keep his word. Even a bigger first before that is he must form the new government and hear what the partner might say. Should be independent greeks I believe? Don't want them saying anything stupid. Now with all that being said, even after that it absolutely can't move until anyone sees the final recaptil of the banks outline. This will get diluted, so I don't know why it would rise until then? Or why you would want it? Would only cause a possible higher diluted rate of shares to the common. Lower pps the better chance of less diluted cap. Also if this hits any delays for anything, and can't be finalized by Dec 31st, then it could really tumple
The new EU banking bailout laws don't go into affect until January 1st 2016. That would cause bail in to come into play since you can't raise taxes to help banks. No matter what according to the article I posted last week, at least 600 million needed causing 1/3 diluted shares. So this should see a 33% lose when this happens. Expect that, then another share restructure on top of that to get over a dollar. Maybe 10 to 1 split. 71pps, 1/3 gets you to 47pps, 10 to 1, or 5 to 1 gets you 2.35 or 4.7 pps to stay listed.
