Replies to post #5500 on NightCulture Inc (fka NGHTD)

[Seekingalphacontributor]

Industry news:

4:52 pm SFX Entertainment announces that Chairman and CEO Robert F.X. Sillerman completed the purchase of 575k shares today (SFXE) : Co provided the following statement regarding recent share purchases by the Company's Chairman and CEO.

"While it is the Company's policy to not comment on investment opinions and anonymous online posts, SFX's Chairman and CEO, Robert F.X. Sillerman, today completed the purchase of 575,000 shares of the Company's common stock in two transactions that had been in negotiation prior to the publication of an online post today. Form 4s detailing these transactions will be filed shortly with the U.S. Securities and Exchange Commission ("SEC"). In addition, Mr. Sillerman has filed a stock purchase plan under SEC Rule 10b5-1 to purchase up to an additional three million (3,000,000) shares of the Company's common stock following the release of its third quarter operating results which will occur in mid-November. The Company will file a Form 8-K shortly reviewing Mr. Sillerman's stock purchase plan under SEC Rule 10b5-1."

http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#sfxe

Looks like insiders are bullish on the future prospects of EDM.

[dangerx]

I think NGHT is a good stock to own because it has such vocal critics, and anything receiving that much hate must have at least that much love to compensate... It's physics, and it's a lot more consistent than the scammy advice of a disgruntled accountant.