NGHT - I probably shouldn't mention it any more. It has become a larger gamble then I originally thought. When I first bought it I thought they would get some hype for the "Something Wicked" show. In previous years they released numerous pr's about it. This year they didn't. As a matter of fact they have been conspicuously quiet. This hasn't really bothered me as I was happy to buy cheap shares that I was sure were only available due to the long drought in news.
This has turned into a feast or famine stock! They are capable of putting up profits in all 4 q's with the 4th and 2nd being particularly strong. If they learned their lesson from a couple of mistakes they made in 2014 that resulted in weak 1st and 3rd q's they could do 10 mil in revs and report a profit of about .015 eps for 2015. This type of entertainment sector carries a high p/e plus giving credit for y/o/y/o/y/o/y/o/y/o/y rapid growth in revenues it could carry a very high P/E.
This stock could be trading at a price of .30 per share by the end of the year with 2016 looking even better. IT COULD!
It could also be a huge bust. It is possible they didn't learn from their mistakes and 2015 might be another "break even" year. Ordinarily I would be happy with that for a company that could do 10 mil in revs for the year and currently is trading at a market cap of less than 2 mil but this one does have a little debt. Not a substantial amount but the terms of the note from 2012 aren't very good. A measly 400K could totally destroy the S/S here. The note is due in Sep 2015. The note has been in existence since 2012 and so far has not done damage to the stock. As a matter of fact last years draw down was met with a promo that drove the pps over .20. There is no way of knowing if that would happen again or if they can pay off the note without the resulting dilution or refinance it. I do know officers in the company have made interest free loans to the company and have deferred salaries so it would appear that they are trying to avoid destroying the share structure with needless dilution. I can't imagine a 400K note for a 10 mil a year rev company would result in the type of destruction that is possible but it could happen.
If they have figured out the formula for which types of shows to avoid and which ones to expand upon they could expand into other cities. Right now Dallas, Houston and Austin are the only cities they are promoting shows in. There is lots of room for expansion. The fact that attendance for Something Wicked doubled to 40K over the previous years 20K attendance and the subsequently added Something Wonderful to the 2nd q events leads me to believe they might have figured it out. I could see this trading over a buck in 2017. I could also see it being a sub penny pos if they let that 400K note destroy them. I intend to hold 1 million shares and see what they can do. It might be the biggest mistake I have ever made and it could be a life changer. Anyone who wants to gamble with me can come on along. It is a gamble though.
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