NightCulture Inc (fka NGHTD)

[UKfan]

NGHT is priced correctly at this point in time. Anything north of here is a gift. There are three issues that will affect this company in the near term.

The first issue is that there are a huge number of limit orders in place at around the .10 level that will trigger selling pressure if NGHT manages to claw its way to that level.

The second issue is the warrants and derivatives that still are out there that will be exercised especially if NGHT manages to propel its share price upward.

The third issue is that the margins in Concert Promotion and Production are just low, across the entire industry. It takes about 5 years for a festival to become profitable. Ive been involved in Concert Promotion for over 10 years. Most of my best friends are in this industry. Festivals require a lot of work and a lot of money. People get involved in this industry because they love the work, not to get rich. The best way to go about growing festivals is using other peoples money......and you guys are the other people.