Post by
uograd on Nov 08, 2017 12:08pm
william hill just put out their own announcement
So the way I understand it is william hill own approxmiatley 80 million pounds of preferred shares so given where the pound is trading against the cdn dollar etc, they would be issued approxmiately 40,700,000 shares at a deemed value of 3.67 per share. Plus they own 6,800,000 share right now to they would up with about 48,000,000 out of 150,000,000 or so and about 31.9 per cent.
Nyx would recieve no money but their debt would be knocked down by that 80 millions pounds and whatever interest they are paying on it would go to zero.
GREAT FLUCKING DEAL FOR NYX ANYWAY YOU SLICE IT.
CANCELLED TRIP TO GYM AND BOUGHT MORE.
Comment by
Bookends on Nov 08, 2017 1:16pm
That's exactly what I was thinking... A huge write down on the debt of 150M... No way NYX would trade in the 1$ to 1.5$ afterwards... It's essentially issuing 40 million shares for a debt reduction of 150M from a private placement at 3.67$ ... And people are selling why?? lol I will also be looking to add more here... trying to get 1.92$ now. Books