A lot of investors got stiffed because the NBG stated that they were not going to recapitalize on the backs of investors by diluting and reversing, then after massive investments were made, they not only did that, but de-listed from the NYSE ! This is what penny stocks do, not big board banks, with institutional investors… So now there are big board bag holders, and there are still 9 Billion shares !!! And where is the IMF and the Central banks that were suppose to fix this mess. Are they going to retire at least 8 Billion shares during there recapitalization plans, or are they going to do another 10 to 1 reverse ? Since they have stated they have a $20.00 a share price target, if they do not reverse again, things are all good, because after the two recent reverse splits, post NYSE de-listing, the average is about $1.50 a share break even. If they reverse again, it’s dismal at best, because the $1.50 a share becomes $15.00 a share. Time will tell. I think the stock is so dormant, because if they reverse again, and the price falls again, only throwing more money at it will make it pay off eventually. And just how will they reach that target of $20.00 a share, and how long it will take, is unknown at this time. Killed it, dead money, caused by compound criminal behavior, resulting in a compound lack of investor interest. Right now, this is a wake me up when I’m dead, Titanic Float investment.. Although hope is not a strategy, I still do hope they consider, increasing shareholder value, some where along the way.
