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

Don't blame management and glad some earned profits

[stocksnbonds]

Made a bit of money but still not happy with the result of the selling. 
It did not have to get to this point. We did not need to sell if there was better management. 
I honestly wonder why Davey did decide to sell. What a fool !!

For someone who has one of the largest positions, he missed out on a boatload more if he was able to turn the ship around. My feeling is SG will strip out the crappy parts and sell. Let go of some employees and merge the new units into their operations. 

Something NYX should have done. NYX was always too fat. Davey could not make the touch decisions to sell. Now, reduction of HR staff, get rid of high priced management and lawyer.

I'll go into SG. Good company and now, they have a wonderful jewel in the NYX casino and OB to merge into operations. Still like the online gaming space. It's just that the Y/Y, Q/Q growth will nopt be as pronounced. Forget about the 10 bagger potential !

Looking forward to SG buying out NYX, stripping out the unnecessary costs and driving future revenues. Say, the acquisition will be accretive. That tells me that the NYX was sold at a bargain unlike every single NYX purchase. 

Looking forward to being a shareholder of SG. They also have a really good Asian reach. 

Good luck all !  Still in TSGI and ITX. 

Online gaming is a booming industry. I still wish to be a part of it. 

sb

[maypeters]

Well thought out post by SB.  SG has said its going to be accreative to their bottom line right away. If only Matt had not tried to be too cute and focused on growing the operations steadily without picking up so much debt OR at least had realized cost savings along the way.  This stock should have been sold for $4 or so.  It got sold for below what the price was in 2016. 

[stocksnbonds]

Also noticed SG went up 3+ fold this year starting at the $9 area. Wow, from a 1.00 as NYX had, a couple of quarters of solid profitability would have resulted in the same 3+ fold increases. The business decision to sell was silly. Davey was hosed and he himself missed out on the biggest payday of anyone else. What a fool. I'm so glad Davey is not in charge. Unfortunately, I'll need to be

[Jsbachfan]

As the news release states, the sale is "subject to NYX shareholders approval". That may not be a formality....

[stocksnbonds]

It's a done deal. Davey controls the BOD.  Higher price would signal a white knight. still possible but highly unlikely. Major investors onboard.  The lower current price will approach 2.40 as the closing date approaches. Sad part is that the 2.40 is also a cap on the stock while SG still has the opportunity to increase in value. NYX will not share in that.   So folks, any