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



TSXV:NYX.DB - Post by User

Comment by stocksnbondson Jan 12, 2017 3:51pm
215 Views
Post# 25701159

RE:RE:profits

RE:RE:profitsCarpenter72, there was an increase in the loan provision for 15 million pounds. This would not happen if there's profit or actual free cash flow. Furthermore, this new lawyer is going to be quite an additional cost. My goodness.... what I wouldn't do to go back a few years into the law field and begin working in gaming. Finally, workers still being hired as per the NYX website. This is active and ongoing. All indications do point to increases in costs. 

Even if costs stay steady from Q3, we will have our first nice profitable quarter of NYX as a public company. This assumes 20-30% organic growth. I am now doubting meaningful profitability can happen with the above costs in play. These are only the ones I pointed out. How many more cost increases are taking place behind the scenes? Then again, playing devil's advocate, I don't know how many cost cutting measures are being put into place. Q4 will be the key for me personally invested this stock. I see too much power invested in Matt's hands and that's not a good thing in my opinion.  

Just my 2 cents,

sb
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