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

RE:RE:Bohemian Bohikam

[stocksnbonds]

Nothing of value to post that's why. Still read the board every now and then but made the decision to stick with the bloated company even when it was confirmed that they'd be hiring over 200 more techies to build a new OB solution over the next couple of years. The revenue story was never in doubt. As many original NYX investors here know, i've been critical of those overly bullish and bearish on this name. There were reasons for both but best to keep perspective. Absolutely no reason to have 1200 workers and multiple centres in one country. I'm still of the belief that there needs to be a rationalization of costs but I'm not the CEO. This was always a cash machine. It always will be with OB and casino games. Sports and casino are the
 biggest drivers of profits in these B2B outfits. My story has
never changed. I'm still knee deep in losses but will recover to breakeven soon I'm sure.

No sense in selling when few opportunities like NYX exist. The financials are slowly turning and we saw confirmation of this in Q1 -17. Q4 was the inflection point on EBITDA. Saw the potential of too many B2B firms get bloated and fail due to high debt. Criticize all you want. You have little credibility save for some dim-wit one liners. I'm happy with my portfolio this month. Don't know if you can say the same. 

Best of luck to NYX holders.
Also interesting to see some Stars folks here as well.

sb