Hello Tradenick
I dont know do I still have a right to covert my NBGGY to NBGIF, as I am oversea investor. I dont know less OTC Market, I just know it is more risky than NY exchange.
BNY Mellon said that when they sell all of NBGGY, they will return the money to me. the average daily volume of ETE is 30m, they have 5b share. i think it take 9 months sold all of share. I think i can take back the money more than the NBGGY closing price. as ETE:ATH is trading at 0.3 euro today.
I am very disappionted, as it has been delisted. I bought it 1 and half year ago, and my PRICE was 0.2USD, when it riase to 0.46. i had 130% return within 1year. but now..............(cry)
I am a value investor, i always read the news to find the turning point. as the Greece bank annual report, NBG is the most heathly bank in Greece, so I choose it. When Greece recover it is the easiest one to get more market share.
If you have read the news of ICELAND recovery, they are almost same. Last year Greece Country data showed that it was stop decreasing. If Greece the recovery path as same as ICELAND, their tourist industry will revoer first, as both has beautiful place to visit. but it dont have tourist company is listing in Athen. even the Aegean Airline is not a good target.
If Greece want earn more money form tourist, they must build more Hotel, Road or other facility. they must get loan from bank. the bank turnover must imporve. The tourist industry will provide the job for the Greek and imporve the umemployment rate, if the Greek get the job, It may imporve the NPL too.
hope you understand, limited english ability.
