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

if another comes it will be within 10 days

[uograd]

pretty well after that paper work to plan the meeting dates and get everything ready for the shareholders to sign off on will start to be executed and significant extra costs start to accrue.

My opinion is  tuesday-wednesday of next week would be the likeliest date for something to come out.  This wll have given a new buyer a whole week to think through what offer they would be prepared to throw at nyx.

[stocksnbonds]

A couple of things.... 1) First, if the market REALLY thought that another bid was coming, this would be priced over the 2.40 bid.  2) If a company is truly wanting to buy this out, best thing to do is not announce just yet -- buy anything under 2.40 then announce a bid. Do you folks see that kind of volume? I see a fair amount but not in the tens of millions for someone to purchase a

[JTDOUBLE]

Thank for your remarkable in sight SB ..Davey really sold this company at a bargain price!!! Sold half of my holdings we will see it next week..glta

[uograd]

volume iin last 3 days is 61,000,000 so someone is buying.  I would call them pretty fricken good volume.    arb spread is very tight at just over 2% breakup fees as noted last night are $30,000,000 to nyx if sgms bolt and $12,500,000 the other way which is peanuts. Not one chance in 100 would anyone pay over 2.40 for a share for a company in the open market that was at 1.13 the

[JTDOUBLE]

2.40 buyout would have an institutional investors claiming foul.. Of course, the offer was over 100% yet 3.50 was the IPO followed with two PP more than 2.40..Institutional investors are the one grabbing the shares in order to push a much better deal here..60 m volume who is buying not the retail investors... will see as saga unfold..

[HowdyBob]

61 million I didn't see that. Wasn't it 12.4 million Wednesday, 1.5 today... This insitutional buying in this situation is normal, they are happy to grab 2.5% in 4 to 5 months almost gauranteed.

[uograd]

hi howdy, you were probably looking at the shares trading on the venture exchange only. For  the record, Wednesday was 12.8 million on tsx, 48 million total Thursday was 1.8 million on tsx, 9.2 million total Friday was 1.5 million on tsx and 4.7 million total So roughly 61,000,000 in 3 days which is a lot of volume because first trade on Wednesday was 2.33 and the high has been 2.36 so

[stocksnbonds]

for the record, there was not 61 million.  You are incorrect.  Don't know where you saw the data. Please post accummulated totals if you can as that would re-evaluate my position as well.  Thanks, sb

[uograd]

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