Krim was close, but incorrect. There are exactly 245,779,626 warrants outstanding each convertable into exactly 8.22923881005499 shares, which equates to 2,022,579,235 shares. Yes billion, which is around 10x our current float. These warrants are exercisable every 6 months from the issue date which was on June 26, 2013. The first exercise price is EUR4.3758, then 4.4616, 5.5689, 4.6761, etc... I wont type them all out. IN addition there is an initial interest rate to hold these warrants of 3% annually with an increasing annual increment of 1% in year, 2% through year 2, 3% year 3, 4% year 4 and 5% through year 5. on the 36th month (6/26/2016) there is a special provision which allows the HFSF, subject to certain requirements, to transfer the underlying common shares to third parties free of any obligation to indemnify accordingly warrant holders who choose not to purchase such shares..
i agree with you that ultimately both are headed much higher, and that you could have a massive winfall of 4x-10x your money, but my biggest concern for all stocks in the globe right now is a bursting of this central bank fiat money bubble and the resulting global recession. No stock will be safe, so an all out life savings investment in anything is extremely dangerous.
" i like alpha's fundamentals and i feel very safe with it, " your consistent posting on both this board and stocktwits constantly pumping bullish arguments, while at the same time claiming a 5-10 year hold period and the small price movements dont matter contradict each other. it appears you are much more unsure of your "investment" than you attempt to come off as.
Not bashing ya, just saying 20 threads a day doesnt help your case or make your advice of "not worrying" very respectable.
yeah well it also means slower price growth afterwards as well because when an instution wants to buy say $50mm, that is currently 8,333,333 shares which would take days-weeks to accumulate and push price up signficiantly, but once there are 400, or even 800mm shares out there, more liquidity means the price wont move nearly as quickly as it has been. Also, if institutions are interesting in NBG they would be buying now, once those warrant shares are in the float, who is going to soak them up when they start to get sold? no one will be there to pick up the pieces..
you are correct in saying that there is no dilution to the EPS, as that is already based off of ~2.4b outstanding NBG shares, but currently only ~190mm trade on the open market as the rest are held by HFSF and will be released as warrants are exercised. BUT, when those warrant holders who want to get out, exercise them, worth ~8 shares per warrant, and immediately sell them into open market, that wil signficantly affect the price as it will take some thick wallets to soak up the sudden rush of shares that have been locked up. Its almost the same as when a recently IPO stock gets ot the 180th day and all the locked up insider shares suddenly hit the market, and while EPS doesnt change, price certainly takes a hit.
I seem to recall a post you made awhile back about how you are not worried about the warrants being exercised as the right to exercise extends every 6 months out to 2017 and that the majority would wait... Change your mind? Alpha Bank has some warrant holders desperate to get out already, only 6 months into holding period! wwwDOTekathimeriniDOTcom/4dcgi/_w_articles_wsite2_1_03/12/2013_530566
well it looks as though a synthetic was approved back then, could someone get their hands on that recipe and start taking an already approved drug to market?
Armour initially created the drug back in the 60's when they were looking for byproducts of the hogs to sell to make more cash.
hes been screaming short since 3.30, ran outta rent money by now, its all just mental trades for him.