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DD was tweeting about Something Wicked just this week so I think its still on, however they have not announced there line up and its getting late in the season. SFXE looks done for as a stock and is trading at 2.20 a share right now. Can you say PERP WALK ????
Lawsuits are already flying and Moody's cut there debt rating. The are still loosing money like a sive and aby new debt is going to come at a premium. This is a house of cards, these kids are not spending the type of money thats needed at these shows and we are about to go into an economic down turn once again. Live Nation on the other hand is at an all time high.
I have more money in my dresser drawer than they claim to have in the bank.
Im here but I dont have anything positive to say. This stock will only continue to be pounded into the ground. Im amazed that the doors are still open.
On a positive note they have Tommy Trash appearing at Stereo Live this weekend !!!!!!
At the end of the day revenue is meaningless if there are no profits. This is not a growth company where they can cost along forever with increasing revenues and no profits. Profits have completely eluded this company. Its been a long year waiting for the 3rd and 4th quarter results that were supposed to reward the shareholders that were brought in after the glowing write ups in Seeking Alpha. I thought that Something Wicked and getting a handle on the bottom line of Stereo Live would have taken place by now. Management had every incentive to post a profit at this point, for the sake of their shareholders and creditors. If they could have I think they would would have. Either management does not care or they can not in fact make this business profitable. This is a tough business and after hundreds of shows and 2 festivals they are still loosing money. I seriously doubt that another festival (Something Wonderful) is going to do anything but further erode the bottom line. Its just too much too late. This company really will rise and fall on the profits of Stereo Live and obviously after hundreds of times at bat they can not in fact make a profit with that Night Club. The cost of the artiest and their lease on the building are just apparently too high. If a private buyer were to look at this what would he be buying ??? A lease on a building ???? Festival properties that consistently loose money ??? Ive held off for months commenting on this company because I didn't want to have my opinions effect the share price, not that anyone really cares what I think. The final straw for me was having an executive from SFXE suggest that NGHT was a great investment to me in February. This guy was uniquely positioned to know if Something Wicked was a success. I did not follow his advice because I had already been burnt holding SFXE into the 3rd quarter and I just was not going to risk any more money on an ill liquid company with millions of outstanding warrants. I really wanted to see this company become a success but my patience ran out.
Imagine the warrant holders selling 25 million shares.
NGHT does not own the Stereo Live property a gentleman by the name of Mike Roa owns it thru his commercial real estate business.
Seems to me that the best solution to the bottom line is to stop producing shows because the more shows they produce the more money they loose.
On a serious note does anyone know who owns the Stereo Live Venue ?? Not the operating entity but the actual Real Estate. Do the directors own it ? Are they leasing it to the company ???
The only business that's making any money at all is the owner of 6400 Richmond Ave, Houston, TX. As a general rule of thumb, if you want to make money in the Concert Business own the Venue.
If NGHT bought it for 2 shares of stock then why are we leasing it for 360,000 a year ??? Whats up with the Goodwill write down of Full Access ??? Full Access is on the Masthead as a co producer along with NGHT for the Something Wonderful Festival.
Often time investors gleam advice form Goldman Sachs others closely watch Carl Ichan and Mark Cuban.
Thankfully investors here at the NGHT Board have Jeff "The Mirkinator" Mirkin
I would not make a move without "The Mirkinators" blessing.
Here is what The Mirkinator he had to say about NGHT. Everything he said then must hold true today because since this was published we have greatly expanded the number of shows that we are having and have added
1. Beach Blanket Bingo
2. Expanded SomethignWicked to a 2 day show
3. Added the SomethignWonderful Festival
4. And last but not least the all important Huston Food Truck Rodeo !!!
If NGT was a buy back then at .18 its a screaming buy in at 2 cents a share !!!!
NGHT Is My New Pick
Get ready to move to this beat
Good afternoon friends!
Let’s get ready to ROCK! I have just completed my preparations and I’m thrilled to announce a very special alert for you.
This new pick is fresh, makes money in a unique space and has huge potential. It’s the only company of its kind trading on the stock market and I am proud to present it to you. Get ready for NGHT!
I am issuing an immediate alert for NGHT (Nightculture, Inc.) which closed today at $0.16.
My friends there is a powerful trend sweeping the globe and this trend is Electronic Dance Music (EDM). Each year, dozens of EDM festivals around the world attract crowds of 25,000...30,000...even 230,000 fans—often selling out in mere hours despite ticket prices that can reach hundreds of dollars.? You probably know what I am talking about. Tiesto. Paul Van Dyke. David Guetta.
I just booked tickets for the upcoming Winter Music Conference in Miami and will join more than 200,000 people there in a celebration of EDM starting in a few days. For me these concerts are the ultimate entertainment experience—an adrenaline-filled rush of rhythm, lasers, pyrotechnics, costumes, and massive crowds literally dancing all night long.
NGHT is in the business of putting on these hugely profitable events and, of course, it pockets a huge chunk of the revenue.
The company produces, markets, and executes all aspects of its concerts from the selling of tickets to merchandise with hundreds of thousands of people having already experienced NGHT events. The number grows with every event.
NGHT has produced hundreds of concerts featuring the hottest names in EDM, including Tiesto, David Guetta, Deadmau5, Skrillex, Armin van Buren, Benny Bassai, Will.i.am of the Black Eyed Peas, and many others.
This is big business.
According to an economic impact study of the 3-day Electric Daisy Carnival 2011 in Las Vegas, Nevada, local attendees spent an average of $249.45 per day. While non-locals spent more than $310 per day. The total number of attendees: More than 230,000. Do the math. And the entire lot of tickets sold out 73 days before this show!
All told, the study estimated a total economic impact to the county was a massive $108.5 million—an average $36.16 million per day. And keep in mind, that's just a single EDM festival!
There’s a reason why EDM companies are so profitable: The millions of fans attending EDM concerts and festivals don't just shell out money for tickets. They also buy t-shirts, glow sticks, balloons, CDs, posters and concessions—especially water and alcohol.
Each year hundreds of thousands of EDM fans flock to dozens of events in Boston, New York, Los Angeles, Houston, Las Vegas, Miami and more—and that's just here in the United States. Millions more attend performances in Europe, South America, and around the world. Many of these events cost $100 or more just to get in. Which means millions of dollars from ticket sales alone for event producers like NGHT.
After years flying under the radar, EDM is now attracting attention from major news sources. Earlier last year Forbes began running a series “House Music has become a Global Phenomenon” with interviews of the 13 Top EDM DJs. See: http://www.forbes.com/sites/danschawbel/2012/03/09/house-music-has-become-a-global-phenomenon/
The article stated “In 2011, the Swedish House Mafia sold out the 20,000 seats of Madison Square Garden in just nine minutes! In addition, the Ultra Music Festival, an annual outdoor electronic music festival that occurs in March in Miami, sold out 150,000 tickets last year. This year’s festival sold out 200,000 tickets with 73 days remaining (last year it sold out 34 days before).”
Major investors have started taking notice and one of them is Live Nation Entertainment CEO and President Michael Rapino.
Live Nation has already begun acquiring EDM companies around the world at huge multiples, including Los Angeles company Hard Events and British dance promoter Cream Holdings. And we wouldn’t be surprised if Live Nation targets NGHT in the future.
The potential of NGHT's business is huge and growing. I believe the stock is going to put a smile on your face.
Let me break down in 10 bullet points why I think NGHT is my next big winner:
1. TINY FLOAT: NGHT has a float of just 8.5 million shares. Check it out here: http://www.otcmarkets.com/stock/NGHT/company-info Once the rest of the world finds out about NGHT, supply and demand should send NGHT sky rocketing.
2. CASH POSITION: NGHT has grown their cash position almost five times from the level it was at this time last year. If NGHT is able to put away cash like this and continue to grow like it has been, we could see NGHT at much higher levels.
3. A NEW NICHE: NGHT is tapping into a new red-hot craze that is sweeping the globe...giving birth to a growing $10 billion industry.?
?4. A HUGE MARKET: As discussed earlier, each year, dozens of EDM festivals around the world attract huge crowds often selling out in mere hours despite ticket prices that can reach hundreds of dollars.??
5. GROWING INDUSTRY: Electronic Dance Music is already huge and experiencing explosive double-digit growth.??
6. A RECESSION-PROOF BUSINESS: even in a recession, people crave entertainment—and entertainment is exactly what NGHT provides. No wonder that NGHT has experienced explosive growth despite a sluggish economy.??
7. STAGGERING PROFITS: Refer to my previous discussion of the Electric Daisy Carnival for one small example of the amount of money involved here.
8. BUYING OPPORTUNITY: NGHT is a young company selling for less than .18 right now, but has the potential to go MUCH higher. The 52-week high for this stock is $0.58, more than triple its current price, but the potential is even higher than that, probably in the several dollars per share range.
9. VENUE ACQUISITION: The top 100 nightclubs generated $1.4 billion in revenues in 2011, up nearly 10% from the previous year, with the EDM format being the overwhelming revenue driver. NGHT has already acquired one venue, Stereo Live, in Houston. And it plans to acquire two more venues in 2013 and 2014. Each of these will allow NGHT to entertain, host special events, and merchandise to as many as 3,000 people at a time—without the expense of renting facilities.
10. INCREASING AWARENESS: The company’s PR arm has just started spreading the word on the NGHT potential and we are at the very beginning of these efforts, so this really is an entry level opportunity. Check out http://actionstockpicks.com and see the impressive write-up they have on NGHT. This website has just started to be disseminated for investors interested in the company.
I believe the timing is perfect for a play on NGHT and I am presenting the stock to you while trading remains at the ground-floor level and below Wall Street’s radar. Now is the time to dig-in to this opportunity before the rest of the market catches on.
I am expecting NGHT to heat up beginning tomorrow morning and want everyone to be ready to make the most of it.
As always, reach out to me with any questions.
Your Friend,
Jeff "The Mirkinator" Mirkin
info@damngoodpennypicks.com
DISCLAIMER:
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: DamnGoodPennyPicks employees are not registered as Investment Advisers or broker-dealers. None of the materials herein constitute offers or solicitations to purchase or sell securities of the companies profiled and any decision to invest in any such company_or other financial decisions should not be made based upon the information provided herein. Instead DamnGoodPennyPicks strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. DamnGoodPennyPicks does not offer such advice or analysis, and further urges you to consult your own independent financial advisors. The report in this newsletter is provided solely for informational and entertainment purposes. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, projections or future events are not statements of historical fact and are "forward-looking statements". Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those anticipated. DamnGoodPennyPicks may receive compensation for the issuance of this report which is an absolute conflict of interest in our ability to be unbiased. In any event, DamnGoodPennyPicks will never accept compensation in shares, restricted or free trading. Any and all compensation received in cash will always be disclosed. We expect to be compensated up to thirty five thousand for this report by an unaffiliated third party, Karolus Kapital. For preparing this publication, DamnGoodPennyPicks has relied upon information supplied by its customers, and press releases that it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this report but rather use the information contained in this newsletter as a starting point for doing additional independent research on the featured companies. The advertisements in this newsletter are believed to be reliable, however, DamnGoodPennyPicks and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. DamnGoodPennyPicks is not responsible for any claims made by the companies advertised herein. Although the information contained in this e-mail is believed to be reliable, we make no warranties as to the accuracy of the content of this e-mail, and expressly disclaim and accept no liability for how readers may choose to utilize this e-mail.
Where is Chablis ?????? I guess he is drinking Thunderbird these days.
Matt Finston
"I do plan on taking profits around .60 to .80 but I won't sell more than 5-10%, just enough to treat myself to a little vacation. Maybe go to Texas to visit Mike and Surain for one of their awesome shows. I think my estimates are conservative and in 5 years it could be worth a lot higher. This is not a daytrade. This is a longterm play with a huge short term upside"
I guess Matt will be taking a Greyhound down to Texas
Matts thesis was littered with inaccuracy's and he never bothered with or cared to understand that the $2,992,781 of profits on 2013 were cashless derivative gains.
Short of a miracle those derivatives will crush this stock into sub penny land in the near future.
The only reason for me to stick around and watch this story unfold at this point is to see if the derivative holders can managed to pump and promote a company thats loosing money hand over fist back up to the .10 a share level. They almost have too. Will be interesting to see it unfold.
In all fairness to Matt I was looking at some of the old promotion articles that came out during the October 2013 pump and they were so poorly written that they were comical. Matts SA article looked like it was written by Paul Krugaman compared to them.
Best of luck to the longs.
Meanwhile in Dallas .......................
Something Wonderful is going to happen for the shareholders.
http://www.fullaccessdallas.net/
http://www.eventbrite.com/o/full-access-and-disco-donnie-presents-2426092596
Eventbrite is ticketing this thru Fullaccess
That's 10 times the normal volume. What do you think will happen when millions upon millions of warrants convert. This stock is going to be pulverized.
Its over fellows, if they cant turn a profit during the 3rd and fourth quarters of the year then they are in serious trouble. Does not look like Beach Blanket Bingo and expanding Something Wicked did much good as far as profits are concerned. I wonder who actually owns the Stereo Live Building, they are the people making the money.
The end game for NGHT is to sell out to SfXE, Live Nation or AEG. Ive seen this scenario play out 3 times with my friends in the business. I saw one sell to AEG for no money at all. Just take my operation over and put me on salary. His operation was just about NGHTs size too as he owned a Venue in a large metropolitan area and produced 2 festivals. He loved the business but could not stomach the constant risk of a financial debacle from producing festivals.
I do think that NHGT is a profitable and viable business but that they need to go thru the warrant conversion before these shares can gain any real traction. I admire the management for taking their dream forward and obtaining the necessary financing to get it off the ground.
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.
Personally I think that Mike should have a roped off section for major shareholders, with our own VIP entrance to the Club. We should have our own designated servers too, girls wearing underwear and fuzzy boots would nice. Someone shoot him an email and get this done.
Buy low sell high !!!! At this point NGHT is finally and completely under valued. For market cap of just 1.5 million your getting a piece of a smoking hot night club and one of the best Halloween festivals in the country.
This thing is literally on sale with its price slashed by 25 % just today !!!!
Get while its hot fellows !!!!!
They are tied to the Disco Donnie brand at this point. You saw what happened with SFXE on Friday. You listened to the Conference call as did I.
I think mat is on a sabbatical but in case you have not noticed NGHT is down, thats what is up.
Meanwhile over in SFXE Ville things look pretty bleak as well. I know your a big fan of Festivals and EDM Matt Finstin, so am I but with both NGHT and SFXE reporting today I think your learning that being a fan and making money are quite different.
I get to look at the books of numerous Festivals every year. The one thing that I see with EDM is that these kids do not Drink or Eat very much for that matter. Alcohol sales are way off for the events. Id say that 80 % of the attendees are on Molly and they just don't need to eat or drink while rolling. That and the fact that these kids are not nearly as affluent as say deadheads or are older and have more disposable income.
The people making money are the Large Venues, The Artist,and the Drug Dealers.
IF SFXE can not make a substantial profit in the 3rd quarter on 267 events with 27 of the largest EDM Festivals in the world in their portfolio then I think you really need to reexamine your theses.
Lets face it November 14 was a dad day for corporate EDM. Looks like Pasquale Rotella made the right choice to go with Live Nation whom is much more diversified than SFXE.
For what its worth I sold out of sfxe today at a substantial loss, I drank the Koolaide too Mat. I had already sold my shares in NGHT.
I did learn allot on this board over the last year and Ill signal The General out for special mention. He actually managed to make money on NGHT as a long and that took skills.
Disco Donnie World Episode 1
the number one Halloween show in the Country Reporting so far is
Phish with a sold out show at the MGM Grand, LV that took in 3,006,520.
A close second is Paul Mccarney with a 17,000 person sell out in Louisville KY it grossed 2.5 milion.
Base Necture did a 2,300 person sell out on October 16th in Colombus ohio that grossed $77,000.
As for something Wicked ??? I have no idea but Im optimistic.
At a 2,8 million market cap there is no doubt that NGHT is currently undervalued. How fast the street wakes up to this fact is anyone's guess, Id say after the 4rth quarter. Eventually someone will approach them for a buy out. There is all manor of consolidation in the live music industry going on right now. That is what I expect the end game for NGHT to be.
Ive always made more money following the trend than taking counter trend trades. I think its oversold and under its true value but I would not touch it with a 10 ft pole right now.
Sillerman is absolutely reaming his investors and the company's he took over in the roll up.
The companies that he rolled up such as DD Presents were awarded shares based on a value of 5 a share, Everything was fine when they were trading at 13 a share but now that SFXE is trading below 4 a share, panic has set in.
They were down over 16 % intraday today hitting a 52 week low as someone dumped over a million shares.
I suspect that this person was one of the companies that SFXE bought out who is very concerned about their daily evaporating new found wealth.
SFXE is down 50 % since July.
The warrants have been very useful for NGHT management as they are a viable form of financing operations. I certainly don't blame or begrudge them from utilizing them, in fact Id do exactly the same thing.
That being said, they are what they are. The current share price has them factored in to degree. However when the share price becomes over bought, and pulls away from the true value of the company they will be exercised.
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.
You have to subscribe to Pollstar but its on page six of the October 16th Editions which went out this week.
NGHT Makes The Pollstar Top 100 Promoter List
I was reading my copy of Pollstar, the top live entertainment publication in the world and I was pleased to see that Night Culture was listed as the 99th largest promoter in the world based on ticket sales between 1/1/2014 and 9/30/2014.
Pollstar is the real deal,not some pump and dump wall street tote sheet, it is the top source of information in the live entertainment business. Everybody in the business reads it, its the Wall Street Journal of the Live Music Business.
NGHT was listed as number 98 out of the top 100 with 81,000 tickets sold, beating out Madison Sq Gardens Entertainment who was number 100 with 80,000 tickets sold over the same period.
Disco Donnie Presents came in in position number 86 with 102,116 tickets sold. As most of you know DDP partners on almost all NGHT shows. This tends to show just how big of DDP's pie NGHT has become.
This is no small feat so congratulations to Mike Long and the NGHT team.
I agree this is great news and coupled with a derivatives gain this quarter along with the expanded Something Wicked show this October we are certainly onto something here. Mike Long also wisely awaited until the July first to announce the headliner for Something wicked to insure a lock in for the derivatives gain. Im glad I held my shares. This ones a keeper despite the damage that was done by Matt Finstons unnecessary SA pumping article.
I concur
$2500 in trades knocked 12 percent off the value of this company today amazing.
OK they Booked Bass Nectar, who is an undeniably HOT ACT. We draws well in every market in the Country. WTG NGHT, lets make some money !!
Not to get completely off-topic but we are shareholders in a concert promotion company. The wave of the future in concert promotion financing will be crowdfunding with accredited investors in $10,000 buy ins, once the security and exchange commission irons the kinks out of the crowdfunding platform that's included in the Jobs Act that the President signed.
Maybe they could do a super VIP where the concertgoers get 10,000 shares of NGHT along with the rest of their VIP experience. Interesting concept.
If you are referring to Something Wicked Artist roster , then let's hope so, although I don't see how that would translate into higher share prices. Will be interesting to see if it does but I'm not sure hordes of 20 something's will rush out , open brokerage accounts and buy shares because Bass Nectar is playing. Here's to honoring that that happens though.