I only know the ticker for NBG warrants. Alpha may not have one since it’s not listed on NYSE. Go to ASEdoot gr slash content slash markets slash warrants slash warrant _Daily_Prices doot asp? 03/12/20013.
Haven't been paying attention. Wednesday was the day for filing orders for exercising the warrants. There was also news of 'some investor liquidating a massive amount of warrants'. Probably Paulson unloading some of his massive haul, given if he exercised all warrants himself, combined with his original shares, he would have something like 35% of the entire shares to himself :)
What's the ticker on the warrants? I've misplaced that info.
But, as a very rough calculation, we know that each warrant allows one to buy (approx) 7 new shares valued at 0.45 euros each. So if current price of one warrant is 1.16 euros, we divide 1.16 euros by 7 = 0.17 Euros. We then add that to the original 0.45 euros = 0.62 euros.
0.62 euros converted to usd = $0.85. divide by 4 (4 adr : 1 underlying) = $0.2125 then add $0.035 for adr creation fee = $0.2475
Current ADR price $0.218
Upside = 12%
That should be the true price of the new shares.
[I could be completely off-base on this, I haven't spent too much time figuring this out, just off the cuff mostly, and a loose interpretation of vmldems calculation (which admittedly is over my head)]