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

RE:RE:RE:RE:RE:Load Up Ahead of Eric Nuttall!!!

[stocksnbonds]

JU16, 20 000 shares is a nice chunk to have. Not ballsy at all if you ask me. It's risky, yes but dependent on cost cutting. Risk reward at this level with a 1.50 cost basis is very attractive. Kudos to him. I'd need to double my portfolio of NYX to get my cost down to even meet your cost basis.
I've been holding long since my first purchases and that in itself was dumb. Very foolish on my part.   
I could have sold quite a bit as I have a chunk of shares outside of my TFSA/RRSP.
Most shares though are in my TSFA and RRSP so selling for tax reasons was not going to do much.

NYX will take a few quarters of steady profits. God forbid if Matt cannot make this firm quite profitable Q4, I will sell. Not that he cares although I won't be the only one.  Plenty of time has been provided for profitability. No excuses. Not the expensive in house lawyer, not the packages for severance, not the overhead costs needing more time to wind down. No excuses. If Matt cannot deliver Q4, this stock is a penny stock at risk of being a going concern. 

Debt is a real issue which Matt has yet to tackle. Interest rates approximating 10%. 
Call me a basher but if Q4 is not profitable, I will wonder whether this was done on purpose to drive down the price of the stock for a more sinister reason. Matt + WH+Amaya+ SB takeover? They control about 65% of the firm I figure. Retail investors like us are simply in their way. 

sb