NightCulture Inc (fka NGHTD)

[General_Sevier]

"Cash=the only thing that actually matters"

The S/A author's TWO PRIMARY BUY THESIS and PRICE TARGETS were the NON-CASH EPS from the 2013 stunts on meaningless B/S gimmicks on debt forgiveness that was never going to be paid and not likely even supportable as valid. The article argued a massive multiple on the 2013 "paper gain"

Then the other thing was a massive inclusion of an estimated $4 million plus per year NON-CASH bottom line positive "gain" from DERIVATIVE LIABILITY. And a massive multiple on this Derivative liability that would never even occur, despite any would be non-cash and meaningless.

And the Derivate Liability forecast was insane because it could actually never have gone been a net positive FOREVER of about $2 million and that was only if the stock went to ZERO.

The S/A author's comments on the derivative liability issue in S/A commentary showed he never understood even the most basic concept of what the derivative liability even was, what it's source was and how GAAP presentations are included in the F/S.

The S/A pump piece never had a chance of impacting more that a limited number of ignorant penny flippers because it was flawed and grossly meaningless.

IMHO it still ranks as one of the worst S/A articles I've ever seen and one S/a never should have let appear on their website as it was so grossly flawed.