Actually (lol) this is a great exercise to see if a potentially growing company can overcome there toxic financing and wind out on top.
I greatly appreciate your analysis of NGHTS financing arrangements as I have been dissecting their FCC fillings myself.
Do you know hwat they paid the accusition corp for the reverse merger, what the debt that they assumed after the merger was, and what the public float after the merger was.
One thing this deal shows is that with a relativity small amount of money they were able to take a very small business public and obtain over a million dollar in financing in short order.
Their business plan is sound and they are in the right segment of the music business.
I predict that they will in fact overcome their toxic debt and pull this off.
Another point that investors should consider is that the warrant holders will more than likely under go another round of stock pumping. If NGHT shows a 4th quarter profit , which is likely, then it would be a perfect time to do so.
If and hen they pump it back to double didgets is when Ill be selling for a over 100% profit.