I love the frequently misnomered "Masters of Horror" series. Horror fans live in a constant lack of nourishment. Projects like this (and the similar "Greenlight Project" with gave us "Feast" - like it or lump it) are breeding grounds for wonderful thought bubbles in the minds of directors with a horror bent to develop and bring to maturation food for we who love to dine on horror.
This one began with a kernel of really-kool-idea and ran ... right off the edge of "where in the world am I going with this?!!!".
I don't know how to spoil the spoiled but "SPOILER AHEAD" All of a sudden ... no, there was that light drifting across the night sky earlier ... we have long haired luminescent aliens (huh? ... HUH?) brain drilling males and ... yeah, I get it but ... well ... the worst curse of storytelling - a rousing and promising set up without a rewarding denouement.
Cue to storytellers ... your build up has to have a payoff that exceeds build up. Not the other way around. Storytelling math 101.
End of Spoilers - Big Oops!