Did you like the pps on Friday, feb 18 2001 ? How about today, Feb 22, 2001 ?
Kostopoulos should have put the shareholders ahead of his personal ambitions. Alpha stock will continue the downward spiral. Shareholders need to send Kostopoulos a clear message to ACCEPT the NBG deal otherwise they face certin pps drop and share dilution in the near future from new share offering to raise capital.....Stress tests are just around the corner.
NBG is a much bigger and better bank that has good international exposure, diversification and liquidity.
All I can say is that shareholders are a tertiary, quaternary, infinirnary consideration in the way these crooks manage banks.
Best is to stay out of these intoxicated countries with sick institutions and failing ways to better hoard and concentrate on cheap successes. You know where there is impossibility of failure given prowess of all involved parties along with hefty loads of capital (AKBTY, BSBR)
I rate Greek banks a hold until we are given the chance to get out without losses.