Well we know it's 600mill min. But read about phantom bonds. They've been writing phantom bonds for years that will count in the recaptil that has not gone against any figures to date. Bonds where written to Greece government, they passed a law two years ago allowing this. Under new reform this is now illegal. I highly doubt in the article I posted last week of all scenarios by leaked numbers, it didn't included all the phantom bonds that is going to be needed to be addressed. That 600mill is gonna go up. Preferred where I'm short , might be the side 2 be long right now short term. Not long term cause they could be forced to be in the bail in. But NBG could rebuy all preferred, like they did in 2010 or 2011. Buy them back , at below book value , the difference will be profit to offset phantom bond loss. They then reissue a new preferred, and make all that money , thus causing less diluted pps cause less will be needed from bailout. That's there angle, I have that gut feeling.q
