{"id":3106,"date":"2013-11-06T11:12:22","date_gmt":"2013-11-06T11:12:22","guid":{"rendered":"\/?p=3106"},"modified":"2013-11-06T11:18:01","modified_gmt":"2013-11-06T11:18:01","slug":"nightculture-inc-otcbbnght-gains-some-attention-without-the-pumpers","status":"publish","type":"post","link":"\/articles\/nightculture-inc-otcbbnght-gains-some-attention-without-the-pumpers\/","title":{"rendered":"NightCulture Inc (OTCBB:NGHT) Gains Some Attention Without the Pumpers"},"content":{"rendered":"

\"6NGHT.png\"Back in October NightCulture Inc (OTCBB:NGHT<\/a>) received the latest in a rather long line of promotional campaigns. According to our database, it involved twenty-three emails worth a total of $73 thousand sent by influential outfits like Premiere Alerts, Phd-Trading and OTC Magic. True to form, NGHT<\/a> spiked on October 15 when it added around 52% but, in keeping with the tradition, it dropped almost immediately and just three days later, it was pretty much back where it started. <\/p>\n

Despite the pumpers’ best efforts, however, they failed to get traders interested. Although the touting ran for a couple of days, the ticker never managed to get above the $200 thousand mark in terms of dollar volume and if you take a look at NGHT<\/a>‘s performance during the previous campaigns, you will see that there’s definitely a few reasons to stay away when the promoters are involved. <\/p>\n

Yesterday, however, traders did anything but stay away. More than 5.6 million shares changed hands, racking up a dollar volume of around $831 thousand. The price spiked during the first minutes of the session hitting an intraday high of $0.18 per share, it remained above the open throughout the day but, just as everyone was hoping for a nice green session, it plummeted during the last few hours and finished the session back where it started – at $0.11. So, what’s all the commotion about?<\/p>\n

Fortunately, this time it’s not the pumpers. It’s actually NGHT<\/a>‘s management team who caused the excitement by issuing a press release just minutes after the opening bell, saying to everyone that the company is in for a rather busy Fall season. Busy might be an understatement – the announcement contains a list of twenty-six events that are supposed to take place in a matter of just forty-four days and they also said that some more concerts are about to be confirmed. According to NGHT<\/a>‘s CEO, Mr. Michael Long, the season is going to be the busiest in the company’s history and it presents a massive opportunity for generating shareholder value.<\/p>\n

Previous press releases also sound optimistic – news of sold out events, new, stronger advertising platforms as well as other pleasant developments hit the wire back in October and looking at the company’s latest financials, we must say that there’s definitely some signs of progress. Here’s a quick rundown of the figures found in the report covering the second quarter of 2013:<\/p>\n