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

RE:RE:RE:Online casino revenues in Italy: July

[stocksnbonds]

Maypeters, it would only take a 5% cut in a he workforce to get us in the high 30%EBITDA territory. 
That would lead to a double if not triple of the SP from current levels. 

I'm very skeptical that resources are being used properly. As I've said previously, at this juncture, the main thrust needs to be on the financial side, not on costs associated with growth. Thanks he growth will take place with or with out new games being added. It will take place with the current sportsbook in place. NYX casino and sportsbook are the cream of the crop. We have signed licensees in place on long term contracts. Why spend now? Now, debt needs to be dropping. NYX needs to prove to the street that it can maintain its stretched balance sheet and return something back to shareholders. 

As as of right now, the majority here are bag holders. We're here to suit Davey's dream without so many ch as a plan of action from him. Every PP has diluted the share base and for what? Most of the purchases had goodwill written off. Dave overpaid. This is a fact. Now, as I said, we stay in the hopes that "next quarter will be better." This quarter was good except for the costs. That's 4 quarters in a row davey could have cut and didn't after his spending sprees. 

Nothing left for me to say. I'll be in hibernation until November. 
Good luck folks!
still long -- against my every rational thought.

hoping.......

sb