NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

another 4,000,000 or so shares traded so far today

[uograd]

Gets us up to over 60% of the total numbers of shares outstanding in 4 days so once you take out the ones Davey's and a few insiders own the float has darn near been turned completely over.

[GustavoFring]

What do you think this does mean? 

[uograd]

with the markets so hot i do not think arb players are all that interested in 2% on a 4 month play so I think some see the potential of a higher offer.  They will stick around for a few days to find out.  no real downside to holding for a week.

[GustavoFring]

interesting, thanks! Are there any other thoughts on what is happening now? 

[Ddaydaddy]

Cant this mean that Davey and Co, or anyone else on "their" side, be the guys byuing all the shares. In order to protect the deal they made and seems happy with?

[uograd]

yep that is possible and then in that case holding for a few months and making another add on 2 per cent would be fine. What you have to ask yourself if you are in the gaming business is Would we like to buy Nyx out at any price?  Yes or no.  If yes proceed to next question Are we will willing to pay more that 2.40 per share plus a 12,500,000 penalty?  If yes proceed to next

[Investor4000]

Uograd, Don't you think NYX was offer to any resemblance of possible buyers ?  It seems to me that the minimum requirement when selling NYX, was to at least offer it to the many possible buyers.  So I rate the possibility of a higher offer to be very low.  NYX was probably on the market back in april 2017. Plenty of time for companies to evaluate all this inside out

[uograd]

i doubt it when down that way. If they were going to shop around their company they would have been required to say we are in a "strategic alternatives" process and have set up a special committee, etc. My feeling is SGMS called them, got a look at their underwear and make the offer.  Whether that took a day or 3 months is unknown. Hopefullly the process of the offer will be

[JTDOUBLE]

The buyout seems very shady..Nyx should have disclosed the intention to sell and hire a banker to shop the Nyx around to interested party and see the interest to the company thus insuring the interest of shareholders is protected or getting a the market value of the assets..

[GoldBug024]

there is no requirement to disclose "strategic alternatives" vis a vis Concordia. And we all k kw how that ended. Twice. Msl did it just like nyx is

[GoldBug024]

incorrect. Just been through this with msl. 2% was enough for the arbs. Nothing abnormal here.