National Bank of Greece ADR (fka NBGGY)

[fourdueces]

Your right on that this is only a piece of the puzzle that's about to hit. Cause it was from 6 months ago, as if things went south this was a insurance policy to balance something out. What idk. But, after reading that the stress test was 50% weighted to the upside more then last. Was another warning that cloudy Sky's are lerking. I'm still with my gut that common somehow will be diluted or wiped to basically a 0 value. Buy back preferred at a set rate and reissued. Preferred has been boxed in at 8.40 to 8.80 for some time. As if someone might have a idea what buyback price will be , so 8.40 is value to buy them knowing they're buying them back. Can't see any reason to justify the risk factor of holding shares thru the period of unknown. Very little upside in holding them till anyone has a good idea. Downside is the floor I would say. Myself I'd rather recoup loses after knowing what is happening.