NGHT | It’s NightCulture Time To Finally See Green Lights

NGHT Stock, NightCulture, Hot Penny Stocks, Good Penny StocksDid you ever wish you could be young, or atleast the age you are now, forever? Well, trust me, just take yourself to one of the NightCulture Inc. (NGHT) events in Texas or Oklahoma, meet up with your best friend Molly and prepare to check off one of your bucket list items with some of the best memories you could imagine. With the 2nd coming of their Something Wicked Halloween Music Festival just weeks away and an advertising deal done with Pandora (NYSE:P) to help book even more Net Income for the 1st ever Electronic Music Company to trade on the stock market, NGHT stock is set to show all other penny stocks what dancing up the charts is really all about.

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NGHT Stock Quote

Market Cap: 4.04M
Last: 0.07
Volume: 13,700
Dollar Volume: $959
Open: 0.069
High: 0.07
Low: 0.069
Trades: 3
Authorized: 100,000,000
Issued and Outstanding: 57,768,965
Michael Long / Surain Adyanthaya: 20,000,000
Calm Seas Capital LLC: 2,912,049
14-Day Rel Strength: 65.09%
1st Resistance Point: 0.0703
1st Support Level: 0.0693

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NightCulture, as many of you already know from our extensive coverage on NGHT last year this time, is an amazing, niche company catering to the one disposable income industry that since bell-bottom jeans and platform shoes and even Napster’s footprint has always been supported by fresh new faces and those who just can’t get enough.

Revenue generators of $3,892,383 and $1,308,339 for the years ended December 31, 2012 and 2011, respectively, NightCulture has, on a dime, turned a corner in 2013 having booked $72,221 of income from their $2,296,924 worth of operations for the 6 months ended June 30, 2013. Coupled with the $2,178,243 of actual net income, a direct effect of having converted some derivative liabilities that were hanging over their head, the positive turn is a colossal event for the party-your-ass-off event promoters.

From first hand accounts, NightCulture’s Michael Long and Surain Adyanthaya put on a show which is worth it’s weight in gold. The two owners of Stereo Live, a 25,000 square foot venue located on 2 1/2 acres of land at 6400 Richmond Avenue in Houston, Texas, which the Company acquired in May, 2012, have brought the biggest names behind a turntable to the stage and literally rocked the friggin house.

Even though, other than the recent few weeks, NGHT stock has seen little appreciation for most of its short lived life, its of our belief that since rocking chair traders can’t really get their head around how intense of mini-market NightCulture has acquired. They did just 76 live shows in 2011, doubled that to 150 events in 2012, and are set to pump out 175 events this year, each of which sweat dripping, molly-loving, cash-rich 20-somethings are happy to throw their entire paychecks at for the chance to live a dream, even if it’s only for one night.

Fundamentally, NightCulture have absolutely nailed their “Accounting 101” in respect to where they have gotten to in just the last year. They dropped their current/total liabilities from $6,680,735 on June 30, 2012 to $3,863,555 as of June 30, 2013. Cash was more than adequately stashed as of June 30, $14,750, with an additional $29,000 in prepaid expenses which were absent at the same time last year.

With revenue growing at an aggressive rate in comparison to last year and liabilities nearly half of what they were, it doesn’t take a rocket scientist to figure out that NightCulture has carved their niche out. It wouldn’t take a rocket scientist either to figure out that nailed it calling NGHT stock a strong buy candidate.

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About NGHT Stock

NightCulture, Inc., the first Electronic Music Company to trade in the public markets, is a development stage company which promotes and produces live concerts, events, and festivals out of Houston, TX, Austin, TX, Dallas, TX, San Antonio, TX and Oklahoma City, OK.

Click here to view the SEC filings for NGHT.
Click here to view the website for NightCulture.

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
10/14/13 0.0690 0.0700 0.0690 0.0700 unch unch 13,700
10/11/13 0.0780 0.0800 0.0695 0.0700 -0.0080 -10.26% 289,700
10/10/13 0.0650 0.0780 0.0650 0.0780 unch unch 17,400
10/09/13 0.0780 0.0780 0.0780 0.0780 unch unch 1,000
10/04/13 0.0780 0.0780 0.0780 0.0780 -0.0020 -2.50% 11,300


Bottom Line:

Pre-market will tell the story, and yes, promos have been a bit scary since APS crapped the bed twice in less than a month with 2 suspensions, PWEI and PCWT, but seriously, you would have to be smoking crack to not see NGHT as a week long runner. Traders of penny stocks need a reason to believe in sweet dreams again, to relax and do it, to be the OTC version of a David Guetta album, FMIR (“Fcuk Me I’m Rich”), and NGHT stock could be that sweet song needed to turn this market mentality around and kick Congress in the arse to get with the flow and do a deal.

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