Well last year I emailed the Bank of Greece and asked them about doing a share buy back. I was told that it would not be possible because the bank is being subsidized via the bail out. So it would be illegal for the bank to use tax payer money in order to buy it's own shares.
More than likely they will do a reverse split. What happens from there is anyone's guess. The bank is improving and if the RS puts the share price high enough maybe more people will be willing to take a chance and buy it. The flip side is that it could RS and go higher but if economic conditions don't continue to improve for the country as a whole and the bank then the stock will just come right back down again.
I remember all those original people like KMBSOUTH use to swear up and down that there would be no reverse split. Now here we are facing one. The lesson: don't listen to people on the internet. They don't know anymore than you do.
If you believe in Greece and the bank, you could buy as many shares as you can afford now so that when they do RS you'll survive it. Or just wait and buy afterwards. That's basically the only two choices outside of getting out altogether
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