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

TSXV:NYX.DB - Post Discussion

NYX GAMING GROUP LTD 11 PCT DEBS > Just want to make sure I get this right
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Post by Bookends on Nov 08, 2017 10:57am

Just want to make sure I get this right

WH would buy over 40M shares of the company for 3.67$ a share which would be the equivalent to financing at 3.67$ a share?

And the share price reacts like this?? I get that the deal for 2.4$ is dead, but this would give NYX almost 150M to NYX's balance sheet...

Am I getting anything wrong here?

Bought some for 1.98, this is too good of a deal to pass on.
Comment by hipfner on Nov 08, 2017 11:07am
When trading commissions dropped from $150 to $5 nowadays, everyone and their pets has a self-directed account. And the 2% of the smart traders and professionals sit back and wait for opportunities like this to wipe out the retail players throwing away their shares. It's too funny for words. There is absolutely no way that Wm.Hills announcement is not bullish. They are willing to take a ...more  
Comment by Bookends on Nov 08, 2017 11:21am
Lol, got to love those days when opportunity knocks...  But please confirm I will get this right? Share outstanding is currently a little above 108M... and WH wants to add over an extra 40M shares at 3.67$ a share? Giving the balance sheet an immediate 150M injection and now having a little over 148M shares outstanding. Meaning all shares would have OVER 1 dollar in CASH + the cash on ...more  
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