NightCulture Inc (fka NGHTD)

[UKfan]

The General appears to be correct in his warnings about the warrants. We all knew it would happen at some point. At this rate Ill be in the red soon myself and Ill be adding in the .04's but Im not going to bet the farm on this.

I'm buying profits not revenue stream and unfortunately there are not any profits to speak of.

They control ONE location and that's Stereo live, which is leased not owned.

They are partnered with DD Presents and they are a strong company but at the end of the day they will be concerned about their own profits not NGHTs.

Im glad that they are growing there business but what they need to grow are their profits as its impossible for them to out grow past Stereo Lives seating capacity and they are already selling it out.

It takes 3 to 5 years for the average music festival to become profitable, so if they are looking to expand their operations into other festivals they will need operations capitol in order to expand and their is apparently none forth coming from Stereo Live.

I can think of several ways of turning this around depending on how much risk DD Presents or perhaps other promoters are willing to take.

Im hoping that they jettison the unprofitable areas of the business and concentrate on what is making money, which looks to me to be the Something Wicked Festival.