National Bank of Greece S.A ADR has been trading on the OTC markets for a while now under the ticker NBGGY. In November last year, the bank announced plans to terminate the ADR program. At that time I wrote an article which included the following: What can you do if you are holding NBGGY? The …
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National Bank of Greece has announced the termination of its ADR program. The bank’s ADR used to trade on the NYSE under the ticker NBG and crashed hard during the soverign debt crisis and implemented 3 reverse stock splits. Then when that did not work the bank started trading on the OTC market from Dec, …
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On Nov 27, the NYSE announced the delisting of National Bank of Greece(NBG) ADR. Since then NBG investors could not trade the stock. As the ADR was delisted investors hoping to get out could not even sell the stock. However as of last Friday (Dec 4th), NBG started trading on the OTC market under the ticker NBGGY. Today …
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The New York Stock Exchange(NYSE) is delisting National Bank of Greece(NBG) after its price fell to $0.16 today. On Thursday it had closed at $0.19. So finally its time to say goodbye to NBG. On Nov 21, I had written a post suggesting investors avoid the stock after a decision to implement a reverse 1:15 split. …
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***** UPDATE (Dec 10, 2015): National Bank of Greece ADR Resumed Trading on the OTC Market, TFS UPDATE (Nov 27, 2015): NYSE Delisting National Bank of Greece ADR, TFS National Bank of Greece(NBG) has decided to do another reverse stock split in the ratio of 1:15 this week. Based on Thursday’s price of the ordinary share at 0.02 Euros the …
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