No mutual fund in the world is going to hold this and have to show it in their portfolio......window dressing season begins soon. Take the write off and move on.
I've been following for nearly 2 years, the short position has always been huge and your arguments have been made by many before over that time, always to no avail.
Is it greed if they know it's going to zero? These are pro shorts for the most part...hedge funds who know what they know and I wouldn't be surprised if Velt management has a large short position as well...never trust a Greek....
It's simple really, longs were either duped by corrupt management or incompetence of historic proportion...either way all the lawsuits have validity...my suggestion is to sell the next 5 cent bounce and get on board with one or more of the lawsuits (not sure how that works) unlikely to get much, a few cents on the dollar maybe. Then move on and never look back. When tax loss selling and window dressing season starts 40 cents will look really nice.