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it is kind of cool that jack ü is headlining
Mike issues himself 16,427,403 to pay off $159,000 salary and $24,500 he loaned to the company.
you mean when they file their 10-Q:
Cash loss for this quarter: (69,410) not good
and weren't they refunding everyone's ticket for something wonderful?
Only thing positive is slight reduction expenses.
need something to boost confidence.
I bought from .08 to .11
$15,438.26
164,640
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113600582
shares price
2000 * 0.09 = $180.00
1000 * 0.09 = $90.00
8000 * 0.1 = $800.00
10000 * 0.093 = $930.00
2500 * 0.1 = $250.00
1100 * 0.108 = $118.80
2900 * 0.1023 = $296.67
2000 * 0.11 = $220.00
3000 * 0.1075 = $322.50
400 * 0.11 = $44.00
5000 * 0.1099 = $549.50
12500 * 0.0928 = $1,160.00
2000 * 0.095 = $190.00
10500 * 0.1 = $1,050.00
25000 * 0.1 = $2,500.00
2000 * 0.1 = $200.00
11800 * 0.1 = $1,180.00
3200 * 0.1 = $320.00
15000 * 0.09 = $1,350.00
6100 * 0.08 = $488.00
3650 * 0.078 = $284.70
10000 * 0.0885 = $885.00
18890 * 0.08 = $1,511.20
6100 * 0.0849 = $517.89
$15,438.26
I could have done a better job at presenting my bullish thesis. I've learned a lot in a year. Thank you for the feedback
I like a CEO that knows how to manage his cash. The third and fourth quarters do not demonstrate that.
I was bullish on the company while they had positive cash flow. As soon as it turned negative, I became negative. If cash flow is positive, I'll start to like the company again.
It's very simple. I'm giving Night Culture my cash with the expectation that it will invest it into something more profitable that I could. I'm not going to give my cash to someone who is reckless with it.
don't think it is a great investment now. but it was then. but it wasn't because it is a penny stock. so there's no value ever
So 2014 Q1 wasn't a $1 million loss as some had alleged. it was net cash positive.
Cash=the only thing that actually matters
2014 Q1 was cash flow positive
That's $41,000 that the company made from operations. There was a $680k adjustment for noncash items.
$41k cash flow and $10k was used in investing in the company. So in the 1st quarter the company had $31k free cash flow.
A lot of companies don't have free cash flow
So cash was $50k and it doubled as a result of financing and positive operational cash flow.
Q1 was a good quarter
Actually Q1 and Q2 were very good quarters for NGHT.
There should never have been a sell off after those Q1 results. The CEO should have explained to shareholders that it had positive cash. that's all.
maybe the next financial crisis will spark another edm wave
12:00 5/16/14 NGHT 2500
0.074 BUY
12:00 5/14/14 NGHT 5000
0.06 BUY
12:00 5/14/14 NGHT 30000
0.055 BUY
12:00 5/14/14 NGHT 25000
0.0579 BUY
12:00 5/14/14 NGHT 10000
0.0587 BUY
12:00 5/14/14 NGHT 10000
0.0639 BUY
12:00 5/14/14 NGHT 3000
0.064 BUY
Lost -14k on 'pump and dump' because I was the guy buying between .07 and .11
It helps to look at the cash flow statement. Did they spend that amount? No. What happened was they issued shares "worth" 30 million.
there were 1,000,000 shares of the company each worth $1.00
If they issues 9 million shares and the company is still $1.00, you would write that has a net loss of $1 million.
what did you say abut the Globe?
The Globe and Mail, daily newspaper published in Toronto, the most prestigious and influential journal in Canada.
The paper’s origins can be traced to a liberal newspaper, The Globe, founded in 1844 by a Scottish immigrant, George Brown, and to The Mail, later the Mail and Empire, a conservative paper founded by John A. Macdonald in 1872. The two papers competed until 1936, when George McCullagh bought The Globe. Less than a month later, he bought the Mail and Empire and merged the two as the independent newspaper, The Globe and Mail.
The Globe and Mail sees its role as “independent but not neutral.” Its large staff of foreign correspondents and its foreign news bureaus have given The Globe and Mail’s international coverage great strength. For more than a decade from 1958, its Beijing bureau was the source of China news preferred by most U.S. dailies. In 1999 The Globe and Mail launched the cable television channel ROBTv, which featured business news and opinion, and by the early 21st century the newspaper was publishing several magazines. In 2001 The Globe and Mail was folded into Bell Globemedia Publishing Inc., owned by Bell Canada Enterprises (BCE). In 2010 a controlling stake was purchased by the Woodbridge Company Ltd., the company that owned the news agency Thomson Reuters.
"The Globe and Mail". Encyclopædia Britannica. Encyclopædia Britannica Online.
Encyclopædia Britannica Inc., 2015. Web. 09 May. 2015
<http://www.britannica.com/EBchecked/topic/235427/The-Globe-and-Mail>.
Fitx won something in Canada...Sort of
TORONTO, April 16, 2015. The Society of American Business Editors and Writers (SABEW) Canada would like to congratulate the winners of its first-ever Canadian Best in Business competition.
http://sabew.org/2015/04/sabew-canada-best-in-business-winners-announced/
Investigative
Grant Robertson, “The Pot Stock Problem”, The Globe and Mail Winner
Bruce Livesey, “Where our Clothes Come From”, Report on Business magazine
Stephanie Nolen, “High and Dry”, Report on Business magazine
my biggest loss in my investing career was in nght. I hope it stays that way. Sadly their best quarter was the time they had positive cash flow and the stock tanked because of that derivative liability.
MHodges, as in Michael Hodges
Executive Chairman of the Board?
Surreal. Meta-board. I feel like I have entered a blackhole of iHub.
Long? Short? Once investors of penny pot stocks realize this exists, their heads may explode.
Roth Capital: PT 2.50
Chardan Capital Pt $1
Chardan Capital Roth Capital
Rank out of 3525 3265 3184
Initial PT 1 2.5
Accuracy 0.33 0.36
Adjustment for Rank 0.073758865 0.096737589
Pt Revised Weighing Accuracy $0.07 $0.24
PT after rank adjusted 0.33 0.9
Average for Acccuracy 0.615
Average for Rank $0.16
Reweighted
Rank 40% weighted 0.369
Accuracy 60% weighted $0.06
Revised Consensus $0.43
News from Austria on CEN Biotech
http://hanfjournal.de/2015/01/13/die-gras-millionaere/
Jul. 12 2014 the following conversation took place:
Jun. 22 2014: Announce intention to write article on FITX.
Jul. 12 2014: "I sold to invest money into rxnb"
Jul. 20 2014: $340,000 spent on Nevada vacation home.
Jul. 23 2014: "Six Red Flags of Creative Edge Nutrition" published.
Jul. 28 2014 law suit filed.
Jul. 30 2014, $2.15 million spent on vacation home.
Bill mentioned on Jul. 12th that he would be in NYC. He asked if I wanted to grab a beer with him.
To my knowledge, that's the situation. But I have lost faith in management. Still rooting for Zenabis to get a license.
They didn't pay management that much in cash. The costs are for 'stock based compensation' and you are supposed to value the cost based on the trading price of the security according to GAAP rules. The stock was trading between $2-$4 a share at the time. Average price at the time of issuance: $2.38
This is why it is important to read the filings.
I have no idea why the silence.
61 small venue events in 4th q = 1.2M to $1.586M
Something Wicked = $2M to $3M
I think they'll pull profit from the 4th q.
I think that part of the reason for the sell-off earlier this year was that the company did not put on meltdown dallas. No explanation of why they didn't put it on. They just didn't.
Part of the reasoning might be that it was unsuccessful. On that note, I also think the reason for the 3rd Q miss was the experimental festival, Beach Blanket Bingo, was also a bust. "crowds were light, problems few..." Gross margin was 31% rather than their usual 45%. Had they hit my expected revenue estimate of $1.75M, gross margins would've been in line with expectations.
That they are expanding the "something wicked" brand with "something wonderful" makes me think the festival was a huge success this year.
I lowered my estimates for revenues year end to $7.6M from $8.5M. I thought they would do better in the third quarter and was also hopeful that meltdown was going to be moved to december. Instead, they scraped it.
Next year should be interesting with something wicked and something wonderful. I think it is bullish.
So far they produced 62 events in the 4th quarter, which is right in line with my projections of a total 238 events by year-end. I'm expecting revenues of $3.2M which would be a 48% increase and ebitda of $304k to $504k. That's assuming 40% gross margin.
I am trying to adjust my outlook to be more conservative. Hopefully they beat expectations this time around.
extremely positive development. creating a festival brand franchise is a very smart move for the company.
festival brands work: "EDC" "life in color" "tomorrow land/world" mystery land etc.
this is essentially supplanting meltdown dallas and it is clear meltdown won't be happening this year but overall it looks like things are cooking.
Hopefully management can work on generating some volume for shareholders.
They still exhibited 21% y/y growth and the company has a nice foothold in the Texas market. If you go to the discodonnieepresents website, you'll see that NGHT's two promotion companies, NightCulture and Full Access are their most active promoters.
I think there's value to the Nightculture brand, the Something Wicked festival brand, but it is difficult to say what that is worth.
The company had a great opportunity to demonstrate its value to shareholders this quarter and they just did not. Given the fact that both Mike and Surain have 20 million shares each in this company you would think they would do what they can to boost value.
I know Mike sometimes reads the posts here. I hope he gets the message.
I was disappointed with earnings. I think I overestimated Mike Long's management abilities and underestimated the high costs of the event promotion business. Something Wicked looks like it was a hit. But this quarter fell short of estimates by $300k.
I get the sense that CEO Mike Long has zero regard for what happens to the stock price. This entire summer Mike could have promoted the stock through promoting something wicked. He has offered zero guidance for investors and has left that work up to his shareholders.
But NGHT isn't the only company unable to deliver operating profits. SFXE posted an operating loss this quarter of -$21.6M despite attendance being up 31% y/y.
I still think the company is undervalued but Mike needs to get his act together.
I give the company's valuation a B
Mike Long's management an F
SFXE gave $10 million to that guy.
lol :P
But if they replace their "world class" PR guy, Bill Swalm, who is going to write those "world class" PRs?
Yes. B/w 90k-176k.
15'Q4 I think operation profit could be somewhere around $340k-$440k
That's assuming:
Something Wicked: $2M-3M in revs
Full Access+Nightculture Events: $1.3m-$1.64M in revs
$3.3M-$4.64M, mean=$3.9M.
If Meltdown happened this quarter, that number would be a bit higher.
Not complaining though. $8.5M in revenues for 2014 is a 50% increase yoy.