Sorry but Im not sure how to post an image and Im not inclined to learn how. If you want you can buy an issue of Pollstar and post it yourself. NGHT management must be aware of it and if they felt it was beneficial to them they can do it as well.
My read on NGHT management is that they at the moment are unconcerned about the day to day price of their shares as they are in firm command of the company, are not looking to sell any shares, and are putting their energy's into growing the business.
NGHT has the ability to finance their operations and they don't need the shareholders cooperation to obtain financing.
This is a long term investment for me, much longer than I originally imagined. I have not lost a dime as I have bought all my shares in the 4's and its certainly out preformed my investment in SFXE which I sold at a loss in early August. Since I sold, SFXE's share price has become decimated in fact the chart is ugly as hell.
I think that Mike Long has found his sea legs and has turned Stereo Lives operations around. I also think that Something Wicked will be a very successful festival. I'm involved in the production a a competing Halloween Festival in Florida and our revenues are up substantially over this time last year.
I will go along with The Generals optimistic prediction of an 8 cent per share price, in fact I think we could see 14 cents a share. I think that we will hit it after the 4rth quarter earnings are announced.
I also expect that once that happens the shareholders that are currently trapped by purchasing shares, do to your over zealous SA article, will immediatly sell along with the various derivative holders sending the stock price back down.
I think the share price will then settle at around 6 cents or so and will remain there until the business grows to another level or another stock promotion takes place.
I think that NGHT will slowly grow as Mike has proved to be a competent Night Club owner. In the end what you are buying is Mike Long and his management of Stereo Live and Something Wicked. Mike is young and hopefully in good health because if he goes so does NGHT.
The best situation would be a buy out of NGHT, there was an unsubstantiated rumor recently that AEG was interested in them. I would put more weight on an AEG buy out than an SFXE buy out.
AEG and SFXE recently butted heads and litigated a dispute over the Electric Forrest Festival in Michigan. I could imagine that AEG may like the chance to buy up interest in NGHT as they are heavily involved with DD Presents, an SFXE operating entity.
With NGHT selling as many tickets as they have in 2014 they are on the Radar of Executives in the Live Music Industry. It will be interesting to see what happens.
AI
