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

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TSXV:NYX.DB - Post by User

NYX GAMING GROUP LTD 11 PCT DEBS > Why is it down 10% today?
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Comment by Iceman2000on Nov 11, 2015 12:06am
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Post# 24279852

RE:RE:RE:RE:RE:Why is it down 10% today?

RE:RE:RE:RE:RE:Why is it down 10% today?AYA is NYX Gaming biggest client estimating more than a quarter of their revenue comes from AYA group.  AYA is slated to pay 12Million for 2016 and that amount  is mostly guarnteed.  After 2016 I am not sure the terms of the contact.  AYA probably could walk away but more likely to re-negotiate a on more favourable terms for AYA.  NYX would probably suffer a dramatic revenue reduction and far greater loss in profits post 2016.   IMO the move down today is warranted unless we can get more clarity on post 2016 terms with AYA
 
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