Naturally that's what we want to see. They seem to be moving in the right direction with growth and debt reduction. Im rooting for these guys.
Im going to wait another quarter or two to see growth and to see if they have to use that credit line.
They are in the right market, EDM shows have good growth, as much as 40 % per year and they are operating a music venue in a major city. All very positive things.
The EDM festival that the Venue that I advise was the most successful first time show that we have ever had.
Im very intrigued with EDM and NGHT. I'm starting to think that these guys are in fact serious and that they will succeed.
Once they do then Ill be really interested to see if NGHT can mange to hold a stable valuation of their company.
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