NightCulture Inc (fka NGHTD)

[dangerx]

Good points and glad to see you still have your finger on NGHT's pulse :)
I do believe it makes more sense for the warrant holder to convert at these levels (if buying pressure comes) for the same reason a new investor would want to acquire shares for the cheapest price possible. If (s)he waits until .10 to convert it would be like buying in at .05. I know it's no fun to watch somebody else get the same product as myself for half the price, but that investor put up cash when nobody else would. I believe an increase in selling pressure will precede a rise in S/P simply because I trust the foresight of the warrant holder and the leadership of Nightculture.
As far as using money acquired from the sale of stock on the open market... it's not nearly as accessible as the revenue generated from operations, which continues to grow.