For all those times you dared to scold your teenagers for going to rave parites, get out your glow sticks and get NightCulture, Inc. (NGHT) on your watch list. After Forbes reported in early August that Dutch born DJ Tiesto topped the list of the highest paid DJ’s with earnings of $22 million, $250,000 a night, penny stock traders began to look at NGHT stock with a much different perspective.
With rumors swirling of a massive hard mailer campaign about to commence, get out those party clothes and get ready to let your portfolio bounce the beat of the drum.
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NGHT Stock Chart
Close: 0.21, up 0.06 (40.00%)
Average Trade Size: 8,362
On April 16th, NGHT stock had a test run, a one-night only type performance per say, when 1,694,680 shares traded as high as 0.58, a 45% gain for the day. Since the sound check, NGHT PPS has been hovering at its current level other than the end of the month dip to 0.1028 before rebounding to 0.21, 104%.
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August began with the Company announcing their Q2 financial results which include their recently acquired Stereo Live, LLC subsidiary. Revenues increased 135.43% to $695,019 for the three months ended June 30, 2012 compared to $295,217 for the same period in 2011. For the six months ended, revenues increased 94.77% to $1,248,071 from $640,791 for the same period the year before.
If the numbers seem whack, consider that beyond DJ Tiesto, electronic music king and grammy-winning California native Skrillex ranked second on the list of highest paid DJ’s with $15 million, followed by Scandinavian trio Swedish House Mafia who banked roughly $14 million. Listen to the beat traders – NightCulture is the first Electronic Music publicly traded company!
Robert F. X. Sillerman, the dude who turned concerts into a business back in the 90′s returned to the music business with the first ever investment in electronic dance music. This is no start-up idea as the revenue numbers prove.
To date, NightCulture has produced hundreds of concerts featuring world class artists such as: DJ Tiesto, David Guetta, Deadmau5, Skrillex, Armin van Buuren, Benny Benassi, Kaskade, Infected Mushroom, Afrojack, Above & Beyond, Will.i.am from the Black Eyed Peas, Paul van Dyk, Rusko, Axwell from Swedish House Mafia, Ferry Corsten, Flux Pavilion, Gareth Emery, Markus Schulz, ATB, Sasha, John Digweed, Cosmic Gate, Pretty Lights, Paul Oakenfold, Calvin Harris, Carl Cox, Pete Tong, Richie Hawtin, Avicii, Bob Sinclar, Boys Noize, Hernan Cattaneo, Wolfgang Gartner, Bonobo, Deep Dish, plus many many more!
First of all, if you don’t recognize any of the names on the list above, go to your nearest car audio or home stereo dealer and swap out your 8-Track tape player for something with either a USB, iPod jack, or, at very least, a CD player. But before you do that, get NGHT on your list of penny stocks to watch immediately.
Even you mullet lovers, philharmonic philanthropists, and parents whose kids have spent thousands on Justin Bieber tickets, this is your chance to make money back on those wasted NKOTB, Backstreet Boys and ‘N Sync memorabilia you wasted you parents money on.
For those of you who spent your youth at the Lenny Kravitz, Nirvana, MegaDeath, Metallica, Pantera and Lollapalooza concerts, you too still have a chance to gather all the beer cans around the trailer to get them to the recycling center for cash to fund you account and make money off NGHT stock.
About NGHT Stock
NightCulture Inc. is in the business of promoting and producing, and selling merchandise at, live concerts, primarily in the Electronic Dance Music genre and, since May 2012, hosting entertainment events at our Stereo Live venue. Stereo Live, LLC is a a wholly-owned subsidiary of NightCulture which operates Stereo Live, a 25,000 square foot venue located on 2 ½ acres of land in Houston, Texas.
Since 2009, Night Culture has promoted and/or produced in excess of 200 live concerts. The newly acquired Stereo Live has the ability to host music and cultural events in three distinct rental spaces with event capacities ranging from 100 to 3,000 and featuring state-of-the-art sound and lighting and 7 bar areas strategically located throughout the venue.
Click here to view the SEC filings for NGHT.
Bottom Line: Get NGHT on your list of penny stocks to buy now while its still cheap. At 0.21, NGHT could provide more than 200% profit if it just reached its YTD high, 0.615. Speculators are chatting this stock to put a number before the decimal point in the price before the end of 2012.
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