NGHT is one of the few OTC stocks I do not mind nor worry about holding mid to long term. A few reasons why: they operate in a $6.2 billion global industry, they are exhibiting healthy & increasing revenue growth with a current P/E ratio of around 4, and are creating a following through the quality experience they provide customers.
It's comforting knowing they recently (11Jul) had an agreement with a debt holder issuing 3,000,000 shares of common stock for the total debt of $340,000. Thats .1133 a share for a stock that at the time was trading for .050.
Most recently (05Aug), NGHT showed 220k cash from operations for 6 months ended June 30 2014 in their 10Q. Considering the timing around festival season, next quarters financials should be even more impressive.
