That's old news. The issue with the convertible debt and the warrants has not changed since 2012. Recently, a debt holder of $300,000 converted this debt into 3,000,000 shares.
There are 25,000,000 warrants that have not been exercised since issuance.
There is a $500,000 convertible debt that has been partially paid off.
Bleach Blanket Disco impacts Night Culture's bottom line as much as any Life in Color event, which were all nearly sold out.
The only festival that matters is Something Wicked. And there are more reservations for this event than there were last year. Last year, there were 20,000 in attendance and the company recorded operating income of 170k plus $1M in revenues from this event. The interest for this event is already double what it was last year.
facts:
-226 events TTM
-top-line growth yoy
-growing fan base.
-expansion into new regions
fiction:
-That the convertible debt/warrants are a new issue.
It is an old issue and it has been more than priced in since 2012.
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