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It's not crashed yet, it's just extremely volatile with nobody having a freakin' clue of the connection between event attendance and profit. Any investor (institutional or other) whom would want a metric of margin per attendee can't get a good answer, therefore nobody wants to touch it except for the believers. It would be too much of a gamble to bet big on either success or failure... (Like $500,000 big)
Take home point: So far, the note-holder appears to be a believer in NGHT. IMO
Given the low liquidity and high volatility of this ticker, that person could have crashed it at any point if they wanted to. In my opinion.
Can't argue with that. Hoping there's another longer-term cost-benefit angle to that sort of investment... Not sure if that's the case.
Do you think they consulted with the noteholder before dropping 1 million+ on the expansion of Something Wicked?
I thought the board addressed this a few weeks ago... Can they pay off the note-holder with cash? If so, they still have the option to get a regular loan to make that payment.
Assuming a 2 cent stock price throughout the conversion process (.01 conversion price) they would need to sell 42,126,000 shares to cover the $421,260 remaining on the big note. The big worry by board members is there won't be buyers to absorb the 42 million shares so the price will keep dropping. Should the stock price get down to .002, the number of share required to cover the debt increases 10X. It's a legitimate concern and the reason that so many penny stock companies look like scams when really they're just "lenders" trying to "recoup" their investment (in the most predatory of ways).
On another note... From the 10-K:
"The increase in direct costs was attributable to the increase in events promoted, festival brand expansion (included $1,470,328 associated with expansion of “Something Wicked” to 2-days, $111,369 in direct costs to launch of “Beach Blanket Bingo”) and increased costs associated with efforts to gain market share, including increased labor costs."
My guess is those expansion and launch fees are mostly from compensation for the talent, which is how NGHT is able to consistently bring in the biggest names in the business.
Another guess is that Michael is independently wealthy and does what he does for love of the music (and the popularity that comes with being the guy throwing the party) I don't think Disco Donnie came from the same background, which could be the reason he was more willing to jump at the opportunity to sell his brand to SFXE.
What would a single contract from a premier solar panel industrial market leader do to the stock price of QTMM?
http://www.prnewswire.com/news-releases/quantum-dots-qd-market-revenue-will-reach-504-billion-globally-by-2020---allied-market-research-256009011.html
No kidding about skirting the event production plan. Why oh why can't they just sell advertising and marketing space all over this bitch. They need a conglomerate of sponsors to be paying for these shows while the executives focus more on finding additional revenue streams and staying current in this surprisingly competitive market. I just read the 2013 10-K again and it looks like they haven't changed anything in terms of their business plan since then. It is time to get away from acquisitions and put all of their focus on sales. Hell, Club 6400 and the Houston rave scene over the past decades was only an "underground" thing because it had to be. Times have changed, and NGHT needs to be on the forefront of that change. No more secret phone numbers to call for event details, they have thousands of eyes on their website, social media, and venue on a daily basis. That is valuable real estate in today's ad-centric economy... It makes no sense for them to not capitalize on that fact, and if their repertoire of artists, agents and industry promoters don't like more money in their pockets, it shouldn't be that hard to find talent that does!
Sell boys, sell! (not the stock, the brand)
Can't argue with the audience, but THCZ would need to buy an advertising campaign from Nightculture, which might be a stretch with the other obligations Totally Hemp Crazy is currently pursuing. Maybe after a successful product launch they could find it in their budget to advertise at music events, however a profit sharing deal could be too much of a risk for NGHT.
Also, I wouldn't be the one suggesting it to Mr. Long as I have no affiliations to Nightculture's executive team. I am just under the impression that they are aware of what is said about their company on this board and others.
I do not disagree with that, but momentum was stymied with the annual report when many of us were expecting it to boost momentum. NGHT needs more revenue with lower or current costs. Right now it is my opinion that the only reason they have been able to provide the services they have for the past eight year has come at the expense of a generous CEO who obviously cares more about growing this brand than lining his pockets. Fair value remains to be truly established for both NGHT and SFXE.
Well, welcome to the believers ball. Let the share price do what it will, that 10-K was... Reminiscent of SFXE financials. Huge amount of gratitude goes out to the directors here as they are taking ridiculously low salaries while they try to help this baby grow into a fully functioning adult. Gotta have vision to dream. Seeing as how there were only 55 shareholders on record, if anyone has any ideas on how to add revenue streams within their current model, I'd encourage you to share those ideas with the board. I will suggest this, a venue in Dallas is worth nothing compared to the land beneath it, but a venue in NOLA may have enough consistent appeal to be able to gain traction, IMO.
The last 10-Q states their business objective is Solterra and solar panel technology. They are licensed with Rice university to research and develop this platform. Any contracts related to TVs and the like would be coming out of left field.
I believe several lawsuits are warranted in this case... It is time for the little guy to get paid.
From the looks of this board and share price since the financing agreement was announced, I think you and I are not alone in this belief. And assuming it takes 5 years to profitability, it's nice to have a head start on these companies that have started popping up more recently #slowIPO
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.
I don't disagree about Jack, but our new interim CFO, Erwin Vahlsing jr. Is none of those things and likely garners additional SEC attention from past shady dealings. Our best bet would be to find enough evidence to start a lawsuit for attempted stock manipulation.
Lovers at .02 are now haters at .003. If it look smells and acts like a rat, don't give it a cookie. It will ask for milk next.
Volume is up on good news this week, nonsense has followed. We'll see where the PPS ends up.
I wouldn't worry about that 10,000 share drop to .03, seems like a desperate sell and there was pretty quick support behind the bid
In a lot of ways, that old scam of a game is indeed what is happening here. Even if you know where the nut is, scammers have a way of making it disappear when you check under the shell. Glad to see even you are starting to get it.
The company hasn't said anything since January... All the current hype is greed fueled. Buyers, be prepared to market, advertise and solicit your shares to sell in the future for a moderate loss.
This needs a press release.
It's a public company and that is the most recent public financial data. Everything else is the bullshit.
If the company does what they say it will then my points are moot.
Yeah. I saw the bit about how he doesn't SEEM like a penny stock CEO. but he is and SUGO has millions in debt.
Yeah... funded with future stock. No sales, no product. Just like before the R/S
Not according to SUGOs financials. No millions here, just the money swindled from gullible traders that listen to the hype on this board.
More people on payroll for a company with no revenue = stock-based employee compensation = even more future dilution. Plus there's a big difference between "looking to hire" (as we see in this case) and managing a 25 person call center.
28 million shares would be about 25% of the company. It comes back to figuring out the fair market value of NGHT.
Thank you for getting confirmation direct from the well!
Thank you. I didn't know the details of how the loan from 2012 was structured.
What if the lender doesn't want to accept any buyout offers? Like, say the lender is one of those predatory penny stock lenders that doesn't really get paid unless they can crash the stock price to a level where the convertibles are essentially limitless. Didn't happen here and now the lender is butthurt that they're going to lose to investors who actually believe in NGHT going forward...
I'm not saying this is the case, just suggesting a possible motive for being so upset about the bright future of Nightculture
Dump away. That is literally the least of NGHTs concern going forward. As dire as you make it seem, getting out from under the lenders thumb will be better than whatever marginal damage the new shares cause.
Lender only has 6 more months of this totalitarian magistrate.
Those are favorable terms for me.
It would be awesome to see them hosting a Something Simpatico at the Alamodome somewhere down the line :P
Clearly the CEO isn't afraid to explore the possibilities. Maybe Beach Blanket Bingo was like one of those old albums that gets overlooked when released, but later gets the appreciation it deserves.
RSI at 65 with heavy buy volume. Wouldn't be surprised to see mick pop up again soon ;)
After sleeping on my thoughts about NGHT and their market share in Austin, I am starting to see how the newcomers are following the lead of the trailblazers in this field like NGHT. Sure, Sam Feldt, Thomas Jack, MK, Amine Edge, Le Youth can sell out a bar on 6th street, but Nightculture consistently has the biggest names in the industry and strives to fill their Stereo Live on a nightly basis among other events that aim to fill stadiums. I think Nightculture is starting to grow up and it's probably time for me to follow.
Totally agree.
Starting to see the amateur antics fading fast.
What happens when an OTC company actually has revenue and a growth plan? I've never seen that before.