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

Asymmetric upside

[bigbaddude]

There's a floor at $2.40 with 10%+ upside potential.

If you own 25,000 shares at a cost of $2.42 your risk is $500 (losing 2 cents per share) and your upside is a) SG cleaning up shares at prices of $2.60+ b) SG increasing its offer to get WH to tender c) another offer from WH or others -- if any case this upside would get you at least 10x your downside risk (i.e. $6,000).