Replies to post #3670 on NightCulture Inc (fka NGHTD)

[General_Sevier]

The company operates at a loss from income.

The "posite EPS of $0.05" for this year is non cash "gains" of derivative liabilities and modifications to debt. This is standard GAAP accounting stuff and has nothing to do about valuing the company on a go forward basis.

The lost $77,491 form operation in the last quarter.

Their fully diluted shares for Q3 2013 is 110 million. Their balance sheet isn't pretty. S/T liabilies are even 2.5 times current assets. Then you have the S/T notes payable and L/T convertible debt as well.

At September 30, 2013, we had current assets of $171,200, current liabilities of $ 3,474,658 and a working capital deficit of $3,303,458

We believe that we will be required to either improve profitability and operating cash flow or to borrow additional funds or otherwise secure additional financing, or both, to support our operations during the balance of 2013 and beyond.

[timetomakemoney]

LOL, You keep adding shares down here you might have to file a 5% ownership filing.