NightCulture Inc (fka NGHTD)

[Seekingalphacontributor]

Way too much misinformation going on here. Lol. did you not read the bullet points in my article? "NGHT will be able to grow 25% annually to net $20 million in revenues simply by adding 1 concert a week and one festival year." That's my 5 year estimate.

In fact, my whole argument for a higher valuation was based on revenue growth not net income. The derivative liability gives NGHT paper gains but what I was looking at was growth. revenue growth. So my estimates were off by 1%. I guess my article was a flop then. There are multiple ways NGHT could grow. I made the argument for horizontal growth, aka, adding more shows. and this is exactly what they did. They increased total shows by 20%. However, I realize adding a ton of new festivals isn't the right move. It doesn't make sense. Instead, they should build on the festivals they have. Coachella is once a year and nets 50 million. All they need to succeed is to build on their one festival. If I were to rewrite the article this is what I would stress.

The entire May run up was because of the dubious SA article that did no one any good as it was easy to see thru it and its accounting misrepresentations.

The kid that wrote it should be very wary of putting articles of this type out in the Financial Press and SA should be concerned about vetting future articles from this author.

So I was off by 1%. My estimates were always based on revenue growth. I was criticized for that. but my estimates weren't debunked. Instead they were prescient. My estimates were actually dead on. It will take at least a year to determine whether my estimates were right or not.

http://seekingalpha.com/article/2190373-night-culture-the-best-little-edm-house-in-texas