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

RE:Tax Loss Buyers

[stocksnbonds]

With the debt they have on the books and no way to pay it off (so far), NYX is in danger of being an ongoing concern. NYX debt as I posted a week or go roughly had a 10+% interest rate. They had to take out a 15 million pound loan in addition to cover operational issues. This is not good. If revenues are so high, then why delve into more debt? Reason? Costs are higher than revenues. They are still losing money. Burn rate is far too high. Q4 SHOULD be a very profitable quarter. If not, this management is useless on the operations front. 

sb