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We're investing in mayhem here.
If "as good as last year" is the expectation, then yes, the concerts are doing better than expected.I love the fact that they are paying off outstanding debts, too. I haven't had a good chance to see what kind of warrants are still outstanding and what that will mean when those shares hit the market, but from what I've seen so far, it looks like they are reducing the amount of stock conversions used for financing.
10-Q out. Looking solid. Total liabilities down to 3.6 mil from 6.7 mil at the end of last year. Company is on the fast track to becoming a cash cow, IMO. Good for them!
I imagine you're right. But if they're settling $800,000 worth of old debt for $10,000 worth of stock at a time, it won't be long before there's less convertible shares out there. IMO.
All 150,000 of them according to the last PR
50,000 shares a day over a couple weeks could really load a boat at these levels.
I would expect any share to debt conversions to be dumped at the bid. Those people could care less about long term value of a stock. 50day MA about to cross 200 day MA at current PPS. According to the last 10-Q, revenue and gross profit were up with a near 2-fold increase in direct costs over the same time period last year...
With SFXE's Disco Donnie presents being a close partner for many big events, things are looking pretty good here. IMO.
Highland Entertainment in Dallas has a similar business model and they're bringing in close to 5 million in revenue this year without a dedicated venue. It's irrelevant to say which company has the "better" business model, because in EDM, there is plenty of room to learn and grow from the experience of others. GLTA.
I'm starting to think that debt reduction conversion may not be a mistake. It could be an old financing deal from the pre-nightculture days and now that the company is making money they're telling the predatory financier to f***off. Just my opinion... Company is making money, paying off debt, and investing in their future. Gotta love it.
I counted 35 shows for the fall alone. Including the 7500 attendees at life in color (25% interest) and the 20,000+ crowd at Something Wicked Festival. Financials are looking good. They have been making enough to grow their brand over the past year and now they're settling old debt as well. I'm not a pro at investing or risk management, but it seems they're in the money and the 3.8 mil market cap does not reflect that. IMO
Good post. Keep yer head up yet. This baby is far from "dead". Just a much slower play than expected. Somebody may be waiting for weak hands to jump ship then it's rock n roll time.
Didn't mean for it to be an insult... I sold 2 days ago to get in on a big board play... I was sure that it would run as soon as I sold :) I'll be trying to get back in from where I sold over the next few days...
If it's any consolation, a few of the active posters here (yourself included) seem to have more than hope that this will go. I believe you will have your time. Good luck to ya!
Seems to me that the big groups are just waiting for those still holding their $100 position at .004s-.006s to cash out. Any investor worth her salt can wait out the amateurs. The SS alone has explosive potential written all over it, but not as long as there is a surplus of small-time, disorganized traders holding 400% gains expecting more without having a plan of how to make it happen. JMO
Does anybody know which discount retailer (Ross, TJ Maxx, Marshalls, etc.) would be likely to pick up JCPenney's unsold stock in the case of stores closing (such as the outlet stores)
Does anybody agree that if credible BK rumors were circulating, this would be a free fall to sub 5? (Disclaimer: I have a very small long position in the mid 7s, but you probably already know that from the subtext ;)
New wave of shorts don't realize they're late to the party.
So much for that vow of silence... Try to remember how the stock went from .004 to .04 in the first place... The share structure alone is invaluable here. Look at the swings, look at the spreads... This stock trades at whatever price you can convince somebody to sell it to you or buy it from you at. I believe the bashers said yesterday that it couldn't be manipulated any more... I don't agree with that being the case. I'm not here to give advice, I'm here to play in this market, and until I see the company killing this stock with even a hint of toxic financing, I'm prepared to ride out this storm... It won't be long before it swings back up. IMO
GM NXCPers! Looking forward to see how things pan out this week. In an effort to do my part to clean up this board, I'm not gonna be posting any of my own opinions here this week. If I come across some good DD, I'll be sure to post the source. GLTA... See y'all next week.
Have a good weekend everyone. Don't let the markets be a bother... They ebb and flow like everything else in this life.
Ace... Trying to kill a promo before it begins. I bet your résumé is a shining example of outstanding ethical achievement.
It's great to have inside information, don't you think? Now you can act before everyone else.
Bad is subjective. Your statement is fluff
Prove it. Show us who caught him and what he did wrong.
Come on Ace, you're suppose to be a professional. It's not like you have any proof of what you're saying either. Just another greedy conspiracy theorist.
Thoughts on the CPA?
You're not alone. This board has become something of a social release and if you're not entertained by the dramedy here, you're probably fine to monitor the board less often... IMO this company is on a more corporate path to increase value rather than spending money on promoters and gimmicks (at least that's how I've seen it for the past few months)
He definitely has an agenda, but he's a good source of advice and information when he wants to be. Welcome to the board and the game... If you figure out how penny land works, please let me know.
This is a great recap of what has been going on over the summer. Thanks for taking the time to share this with the board and potential new investors!
GM board. Looks like this symbol change is kind of like the seasons changing here in Texas, subtle but tangible. Still waiting on Schwab to update. I'm surprised by the lack of volume even through the transition stage, but I think a little news will pick things up... and if they can get their financials out in a timely manner it's off to the races IMO. It's a good time to be here! NXCP
My Schwab account still shows numbers instead of a symbol. 3rd time Schwab has been one of the last brokers to the party for a name/symbol change in the past year.
Completely agree. It almost felt like a gift to the shareholders and confirmed the "rumors" are actually a business plan the company continues to execute. Go NXHZ!
Don't want you gone.
For how long? I can understand not going all-in after that PR, but throwing in the towel doesn't seem reasonable either.
Today's slaughter is tomorrow's feast.
11.6% of the posts on this board are from you. Interest implied.
To be fair, the PR did provide a lot of support to our campaign that this company is trying to get established in the uranium industry as they had previously stated. I imagine the concern with the PR comes from the marginal impact it has had on PPS leading up to and now post release. A company that is farther along in the process of getting established in a new industry typically would have much more interest (volume) than the response we are seeing today. No major worries though, the market is clearly at play here... We are still very early in the process of realized gains. I think the biggest clue of things to come in the PR is the statement, "NX Capital Co. has available financing once SEC filings and OTC Markets are current"
It's as if they're saying that a financier has made some sort of agreement to provide them with a sum of money once they get their financials up to date and available to the public... But you can't really put that one in the books just yet.
Morning, Ace! Looking forward to an interesting day here.
Thanks for the continued coverage, Gary. You're insights have been very helpful well beyond this one play. I agreed with your thoughts on this one back in April and I think you have been spot on with your posts since then. Best wishes to you and all.
Since when is it just investors who wait until the last hour to get something done?