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Bullboard - Stock Discussion Forum NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

TSXV:NYX.DB - Post Discussion

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Post by JaretFF on Jan 11, 2017 10:31am

Wow

My emotions are running high too as I was hoping to see a better recovery quicker after tax loss season but it is only Jan 11th.

Everything being mentioned/complained about here is already happening and so we just need to wait.

Synergies are coming together, management has stated cost cutting is happening, very strong sales and revenue and product growth.

This is just daily swings of a small cap stock. There are a lot of investors who sold it recently that want to buy it back at a similar price and they are being patient waiting out tax loss chasers.

One article I read about an annual event that OpenBet was involved with did 5 times the bets it did the previous year I think I remember so maybe we will really see some good revenue growth and with the big steady revenue growth comes the ability to pay down the debt.

Yes Matt Davey made a big play, an aggressive play, maybe to big to handle, but we won't know for another 6 months and until then we need to just wait for the data to come out. Boring but true.

People that want quicker money and demand the company sell are fun to read but none of it changes that we just have to wait and let time pass. 

If you have no patience, then that is why the price is down today passing shares back to the tax loss sellers.
Weird Stat: For some reason Westshore Terminals that was tax loss targeted for some reason didn’t bottom until Jan. 11th 2016 and then went on to go up more than 160% last year.
Why Jan. 11th I don’t know but I am going to hold on to this data point to make myself feel better for the next 24 to 48 hours lol.
Long and can't wait for a couple quarters. 

Very Exciting.

GLTA
Comment by ForesstGump on Jan 11, 2017 10:35am
This post has been removed in accordance with Community Policy
Comment by JaretFF on Jan 11, 2017 10:44am
I thought losses and gains count towardstaxes in funds too? and Eric Nuttal sold off 10% of his position (probbaly for the losses)(maybe to send a meesage) but has announced he strongly beleives in the company still and should hit $4 this year. and that he would sell right away if he didn't think there was big potential. Fund(s)?  is that 2, 3, 4 funds??? Which ones?
Comment by ANONYM0US on Jan 11, 2017 10:55am
Proof that Nuttal sold 10% please.
Comment by JaretFF on Jan 11, 2017 10:59am
Bohikam has posted that data here previously so it is in the history. it was 10% roughly I beleive and was a weird thing considering he has kept it this long and did buy more last September. So I am assuming it really was to get some losses to help his numbers and/or what bohikam suggested it was his way of saying come on guys, lets get those costs cut or I will sell more type thing. I am ...more  
Comment by ANONYM0US on Jan 11, 2017 11:22am
I believe you are mistaken....here's what Bohikam really said....Nuttal did not sell 10%.....https://www.stockhouse.com/companies/bullboard/v.nyx/nyx-gaming-group-ltd?postid=25597257
Comment by JaretFF on Jan 11, 2017 12:41pm
I was referring to this post from Dec 9th RE:sprott sprott small cap sold 254,819 shares holding down to 1,895,181 i think he was sending a msg to Mgmt i think they will respond impressively Read more at https://www.stockhouse.com/companies/bullboard/v.nyx/nyx-gaming-group-ltd?postid=25576141#Tigy6btxmblgKRTf.99