NightCulture Inc (fka NGHTD)

[General_Sevier]

Looking at the tape, it appears that the person still holding 25 million shares that expire at the end of 2015 is streaming some of those out into the market. These exercise at 50% of the trailing price and will always be a "cashless exercise".

Therefore no matter what the current and the 20 day average price is, the person will always get 50% of the stock options he exercises as "free share". Net this person needs to do this for a total of 12.5 million shares over the next 19 months.

I'm guessing they are streaming out several million of these 12.5 right now.

Price range would still be estimated to fall in the 4 to 8 cent range for now.