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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 > press releases written by a philadelphia lawyer
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Post by uograd on Nov 10, 2017 9:43am

press releases written by a philadelphia lawyer

Man you have to read them, then read them again, then think about what they are saying, then think about it some more and read them again.

Market is as confused as anyone.
Comment by NYX2017 on Nov 10, 2017 9:50am
Actually it's pretty simple: WH threats are useless now. The acquisition won't be completed only if the majority of retail investors don't vote for it.
Comment by Bookends on Nov 10, 2017 9:53am
Im also very confused, but from my understanding, the deal (2.40$ offer) is dead... Rather, SG will pay NYX 30M USD for a partnership to use NYX's technology to mutually use sports betting in the US.  And WH does not get to vote on this arrangement. 
Comment by NYX2017 on Nov 10, 2017 9:56am
Deal is NOT dead. It's just a smart move to say f*ck you to WH. Read below: "This agreement with Scientific Games may be terminated (i) by mutual agreement of Scientific Games and NYX, (ii) by either Scientific Games or NYX if the arrangement agreement dated September 20, 2017 in respect of the Acquisition (the “Arrangement Agreement”) is terminated in connection with NYX entering into a ...more  
Comment by uograd on Nov 10, 2017 10:00am
hi bookends Don't think deal is dead but what nyx are saying if even if the william hill get their shares  converted (which they are clearly fighting) and block the deal,  NYX is not going to have much of relationship with them going forward and the new redheaded stepson is Scientiffic  whether the deal gets approved or not. So only leaves William Hill two options, one take ...more  
Comment by Bookends on Nov 10, 2017 10:14am
Very confusing to say the least…   So: - NYX are saying there is no way you get what you want (source code, US exclusivity, etc.) -WH can’t spend money to block the deal.  - Only option is get your money back or make a bid of your own…   In which case, shareholders are guaranteed 2.4$?? Why is the market not moving back up in this case? Legal issues?? I think we're ...more  
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