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Went Grey looks like......et z
Genocide of the NGHT Common shareholder.
http://otce.finra.org/DLSymbolNameChanges
No. Those with 2,000,000 or LESS will get 0.00125 per share since they will have less than the 2,000,000 needed to reverse split.
The company appears to want to eliminate from its list any shareholders with fewer than 2 million shares.
NGHT reverse/forward split 1 for 2,000,000 followed by 2,000,000 for 1 effective Feb 27, 2018.
Notes: "Stockholders with less than 2,000,000 shares will receive cash prior to the forward split in the amount of $0.00125 per share."
http://otce.finra.org/DLDividendsDistributionsSplit
Is it true that those with 2M shares or more getting 3c per share?
What is going on? Any hope left?
Based on an OTC filing as of 12/31/15, owners with more than 5% are:
Reference to filing:
https://www.otcmarkets.com/financialReportViewer?symbol=NGHT&id=153697
Michael Long owns 36.8%
Surain Adyanthaya owns 40.6%
Combined they own 77.4% of the company. Yes they do have controlling interest.
I’m not sure who the current major shareholders are. It’s kind of nice for the major shareholder and directors to offer $0.00125 a share and value the company at $125,000. Night Culture purchased Full Access in fiscal year 2014 for $590,000. Shouldn’t NGHT worth minimum $590,000? No Value for Dallas Venue. No Value for Houston Venue. No value for 2 festivals.
After RS only 50 shares remaining. Will be nice to know the final out come. Full Access owner received $300K cash plus $290K in shares.
Where did the valuation of $125,000 came from? To the future shareholders of NGHT,Party hard!
Based on an OTC filing as of 12/31/15, owners with more than 5% are:
Reference to filing:
https://www.otcmarkets.com/financialReportViewer?symbol=NGHT&id=153697
Michael Long owns 36.8%
Surain Adyanthaya owns 40.6%
Combined they own 77.4% of the company. Yes they do have controlling interest.
I’m not sure who the current major shareholders are. It’s kind of nice for the major shareholder and directors to offer $0.00125 a share and value the company at $125,000. Night Culture purchased Full Access in fiscal year 2014 for $590,000. Shouldn’t NGHT worth minimum $590,000? No Value for Dallas Venue. No Value for Houston Venue. No value for 2 festivals.
After RS only 50 shares remaining. Will be nice to know the final out come. Full Access owner received $300K cash plus $290K in shares.
Where did the valuation of $125,000 came from? To the future shareholders of NGHT,Party hard!
Easy way to get rich with so-call RS. It's the smartest and easiest way to get rich. Purchase a OTC company that is dying for nothing. Change the company name. Start running a business. Issues more shares. Run the company some more. Offer a RS and claim it's the best for the company. Take out the smaller share holder and go private. I wonder did any large shareholder acquired shares to accumulate to 2MM shares before this news was released. Smart way to get rich. Just my opinion. Open for discussion.
CEO and Director KO the small guys
Shareholder hit the ground hard. Just dead flat on the ground. With the reverse split, who ever don't own 2,000,000 shares will be bought out for $0.00125 per share. Which is a discount of of 90% at the market price of $0.014 in November 2017. I'm guessing CEO Michael Long and sole company director, Surain Adyanthaya owns most of the shares. Most of the public won't dump $20K to purchase NGHT at $0.01 to get 2,000,000 shares. This is insane. At the end of the day those two guys will basically purchase the company for only $125K. Highway robbery using the law. What can we do to stop this? I'm broke. And heart broken how NGHT treated me. Proud owner for over 5 yrs. Lost my trust in you Michael and Surain.
No bounce. Shareholder hit the ground hard. Just dead flat on the ground. With the reverse split, who ever don't own 2,000,000 shares will be bought out for $0.00125 per share. Which is a discount of of 90% at the market price of $0.014 in November 2017. I'm guessing CEO Michael Long and sole company director, Surain Adyanthaya owns most of the shares. Most of the public won't dump $20K to purchase NGHT at $0.01 to get 2,000,000 shares. This is insane. At the end of the day those two guys will basically purchase the company for only $125K. Highway robbery using the law. What can we do to stop this? I'm broke. And heart broken how NGHT treated me. Proud owner for over 5 yrs. Lost my trust in you Michael and Surain.
wow massive dump today with that news NGHT
Wow, must be one of the biggest RS ever
NightCulture, Inc. Approves Reverse Stock Split in Going Private Transaction
HOUSTON, Feb. 07, 2018 (GLOBE NEWSWIRE) -- NightCulture, Inc. (OTC Capital Markets:NGHT) announced today that its board of directors and controlling shareholders have approved a 1-for-2,000,000 reverse split of the company’s common stock. The record, and effective date of the proposed reverse stock split is February 23, 2018.
On the record date, the share holdings of all holders of less than 2,000,000 shares of common stock will be automatically terminated and, in lieu of receiving fractional shares, those shareholders will be entitled to receive a cash payment in the amount of $0.00125 per pre-reverse split share of common stock held by such shareholders.
Following the reverse split, the company’s stock is expected to be removed from trading on the OTC Markets.
The company will provide instructions to its shareholders regarding the procedure to surrender shares and receive cash payments for their shares.
Well, it had potential, but this looks pretty DOA.
Back to radio silence... Any news would be kind of nice. EDM is still hot, and this one got in early.
85% jump?! I'm not complaining, but what news did I miss? I don't think the intro has been updated since 2014..
Wow. This board is asleep. News updates would be nice..
Low volume. What happened here?
NGHT more nice hits past couple of days
SOLD OUT Tiesto @ Stereo Live Dallas tonight!!!
https://m.facebook.com/events/1520766587987804/
those sales today were mine today, and they were not based on any news. I just needed the tax loss for next year and I saw something else I wanted to put a few hundred dollars into. Breaking of legs to you all.
Check out all of these insane after movies for the Nightculture/Disco Donnie events they've thrown over the years. This is a real company with top-tier concerts and festivals. Only a matter of time until the tide turns for this ticker.
https://nightculture.com/videos/
Nightculture has a ton of shows lined up for Houston, Dallas, Austin, and San Antonio!
https://nightculture.com/upcoming-events/
I really desire to invest in this company for the long term. but the stock keeps falling in price year after year. It does feel good that this is an legit penny market company and has the potentail for major growths once they expand thier market outside of Houston and Dallas.
Something Wonderful full lineup announced -
Nightculture's SOMETHING WONDERFUL FESTIVAL is just around the corner and should bring in some nice revs!
http://www.billboard.com/articles/news/dance/7654209/something-wonderful-2017-lineup-expansion
I agree NGHT is a low floater can run hard to New 52 week highs.
Low Float 100 million shares And great revenues.
DIPLO YouTube Video below revenues over $4,000,000 here $NGHT
Let's get it started in here!!$$$
NGHT's annual Halloween themed festival, Something Wicked, was a huge success!
REVIEW: Something Wicked Rebounds, Costumes and DJs Both on Point
Low Float, roughly 90 million shares. If there is a third party awareness campaign this Puppy will hunt.
Hey NightCulture, any idea of when Q2 results will be reported?
UP 50%, that's what I'm talking about NGHT!
True, definitely room for improvement in that area as they haven't promoted it for quite some time. I'm curious to see the Q2 report... expecting another revenue increase from the new Stereo Live venue in Dallas, but probably coupled with profit decrease resulting from the opening expenses.
Hoya NGHT isn't promoting their stock. Maybe a third party will. The Company has a low float.
NightCulture just announced full lineup for annual Something Wicked Festival!
I'm unsure how many of you are familiar with EDM, but this lineup is HUGE! e.g. Diplo, Excision, ATrak, Carnage, and Hardwell who is formerly the #1 DJ in the world and currently #2. This year's festival is definitely going to draw a massive crowd.
PRESENTING THE COMPLETE LINEUP FOR NIGHTCULTURE'S SOMETHING WICKED FESTIVAL 2016!