National Bank of Greece ADR (fka NBGGY)

[NewbieWar]

It is possible for a r/s and dilution to be beneficial to all stakeholders.

Not saying this is good, but if a r/s reduces total number of shares, and market capitalization remains the same.

A reduction in liabilities via conversion to common shares would allow market capitalization to increase in the same amount it was diluting.

In the past r/s and dilution the government took a large portion of the company without adding much to the bottom line, here it seems they are trying to avoid that.