Replies to post #18870 on National Bank of Greece ADR (fka NBGGY)

[mrfence]

I don't see any advantage to the company to buy back shares so IMO they will sell them on the open market as stated in the November announcement. That means anyone holding NGBBY would get the pro rata amount after sale of all the shares then they would have to buy ETE on the open market if they're still interested in the company as an investment. I'm currently in cash speculating there is a huge ETE buying opportunity on the horizon :-)

[Chriss777]

They can't do a share buy back while receiving bailout money. That would amount to the government giving them money to buy their shares back and that's illegal.