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Seven Arts Entertainment, Inc. (SAPX)

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Last Post: 8/26/2015 1:49:28 PM - Followers: 329 - Board type: Free - Posts Today: 0

SAPX Split History. More Coming.


REVERSE SPLIT HISTORY

Capital Change=shs decreased by 1 for 5 split Pay date=01/16/2009.

Capital Change=shs decreased by 1 for 5 split Pay date=05/12/2011.

Capital Change=shs decreased by 1 for 70 split. Ex-date=09/04/2012.
200,000,000 more shares coming this month.


On February 12, 2014, October 31, 2013, May 2, 2013 and August 31, 2012, the Company affected one –for-one hundred, one-for-twenty, one-for-fifty and one-for-seventy reverse stock splits, respectively, collectively referred to as the Stock Splits. Unless otherwise noted, all impacted amounts included in the consolidated financial statements and notes thereto have been retroactively adjusted for the Stock Splits. Unless otherwise noted, impacted amounts include shares of common stock authorized and outstanding, share issuances and cancellations, shares underlying preferred stock, convertible notes, warrants and stock options, shares reserved, conversion prices of convertible securities, exercise prices of warrants and options, and loss per share.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10204072


Former CEO Hoffman CONVICTED OF FRAUD
All related to "property" inextricably entwined with SAPX.

Hollywood executive Peter Hoffman, his wife Susan and Arata were found guilty of conspiracy to wire fraud in connection with the rehab of a 155-year-old mansion at 807 Esplanade Avenue that they turned into a film post-production studio.
Peter Hoffman also was convicted on 21 counts of mail and wire fraud related to the deal.
Susan Hoffman was acquitted on all but the conspiracy charge and a single count of mail fraud.
Peter Hoffman faces a maximum sentence of 405 years in prison, prosecutors said. Arata and Susan Hoffman face maximum sentences of 185 years and 45 years.

http://www.nola.com/crime/index.ssf/2015/04/guilty_verdict_arata_hoffman_s.html

BEWARE SAPX has a YIELD SIGN.


Limited Information

Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to OTC Pink Basic Disclosure Guidelines.

http://www.otcmarkets.com/stock/SAPX/quote



Kate Hoffman no longer acting CEO, this is not the same SAPX. Please do all your independent research. Ihub has not posted recent SAPX news. All updates can be found below or at yahoo finance. 

 

NEW CEO
Seven Arts Entertainment, Inc.
Rick Bjorklund, Chairman and CEO
rick@aeronetworks.net

 

http://finance.yahoo.com/q?s=sapx&fr=uh3_finance_web&uhb=uhb2

 


Share Structure as of 2/3/2015:

Per the Schedule 13 G posted on 2/3/2015 16,262,147 shares equals 10% of the OS 

OS still only 162,621,470  

CONFIRMED NO DILUTION AT ALL IN MONTHS





New Management Team:

CEO: Richard Bjorklund. Mr. Bjorklund is one of the founders of Aeronetworks. From July 2006 to July 2008, Mr. Bjorklund was President and CEO of the Tulsa County Public Facilities Authority. Mr. Bjorklund has represented clients such as Western Oil Partners LLC, Service King Manufacturing, Inc. Walt Disney Imagineering, as well as numerous Olympic and national sporting associations, including the NFL and NBA. Mr. Bjorklund's education includes Arizona State University, Bachelor of Science Degree; U.S. Air Force Academy, Commandants Commendation; Commendation.

CFO: Rachel Boulds as the Company's new Chief Financial Officer effective December 1, 2014. Prior to joining the Company, Ms. Boulds has been engaged in private practice as an accountant and consultant. Ms. Boulds specializes in preparation of full disclosure financial statements for public companies to comply with GAAP and SEC requirements. From August 2004 through July 2009, she was employed as an audit senior for HJ & Associates, LLC, where she performed audits and reviews for public and private companies, including the review of financial statements to comply with GAAP and SEC requirements. From 2003 through 2004, Ms. Boulds was employed as an audit senior for Mohler, Nixon and Williams. From September 2001, through July 2003, Ms. Boulds worked as an ABAS associate for PriceWaterhouseCoopers. From April 2000 through February 2001, she was employed an eCommerce accountant for the Walt Disney Group's GO.com division. Ms. Boulds holds a B.S. in accounting from San Jose State University, 2001 and is licensed as a CPA in the state of Utah.


BOD: Robert LaSalle. Since August 22, 2013, Mr. LaSalle was Vice President of Finance for the Company. Mr. LaSalle's has held various accountancy positions at Vision Films, commencing February 2012, Film Roman, commencing March 2010 and World of Wonder Productions commencing February 2007, all independent film and television companies.

BOD: Anthony Hickox (an existing director), and newly added Mr. Robert Riggs (new director).

 
Recent Press Release

LOS ANGELES, CA / ACCESSWIRE / February 24, 2015 / Seven Arts Entertainment, Inc. (now known as WirelessConnect, Inc.) (OTC Pink: SAPX) (SAPX) ("Seven Arts" or the "Company"), a diversified company with motion picture production assets and wireless communications, is pleased to provide a shareholder update.

Recently Seven Arts became aware that its current auditing firm is going thru an audit review by the Public Company Oversight Board ("PCAOB" www.pcaob.org) which has prevented the auditing firm from issuing opinion letters to its clients including Seven Arts. This action has delayed the completion of Seven Arts audited financial statements and the filing of its 10-K for the fiscal year ended 6/30/2014, and the two quarterly 10-Qs for the periods ending on 9/30/2014 and 12/31/2014. Seven Arts is in the process of selecting another auditing firm to complete its 2014 fiscal year end and quarterly reviews.

As an interim course of action, Seven Arts has determined it's best to file Form 15 with the SEC and become a non-reporting issuer until the 10-K and 10-Qs are completed and filed. The Company will also apply to the OTC Markets Disclosure Services where it will file its 10-Ks and 10-Qs until it becomes a reporting issuer. The Company will continue to trade on the OTC Markets under symbol SAPX.

About Seven Arts Entertainment, Inc.:

Seven Arts Entertainment, Inc. is a global diversified company with wireless communications and motion picture production assets. Seven Arts vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines. Seven Arts owns 60% of Seven Arts Filmed Louisiana which holds all rights to Seven Arts movie assets; 100% of iPTerra Technologies, Inc., a designer, developer, manufacturer and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining industry (www.ipterra.net); and 100% of Aeronetworks, a provider of advanced telecommunications and broadband services to niche markets including entertainment venues, rural communities and Native American tribes (www.aeronetworks.net).

Cautionary Information Regarding Forward-Looking Statements:

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated. The information contained in this release is as of February 24, 2015. Seven Arts assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.

CONTACT:

Seven Arts Entertainment, Inc.
Rick Bjorklund, Chairman and CEO
rick@aeronetworks.net

SOURCE: Seven Arts Entertainment, Inc. 


 

LOS ANGELES, CA / ACCESSWIRE / January 7, 2015 / Seven Arts Entertainment Inc. (now known as WirelessConnect Inc.) (OTC Pink: SAPX) (SAPX) ("Seven Arts" or the "Company"), a diversified company with motion picture production assets and wireless communications, is pleased to announce the execution of a Letter of Intent (the "LOI") with The Movie Studio Inc. (OTC Pink: MVES) (MVES) ("TMSI").

Under the terms of the LOI, the Company will assist TMSI to acquire a movie library of twelve titles. These titles were previously owned by the Company and assigned to a lender who is currently under liquidation. TMSI will pay cash and stock to acquire this library.

Rick Bjorklund, CEO and Chairman of Seven Arts, stated: "With the execution of the LOI, Seven Arts will be able to focus on its new expanded business plan which includes digital media and wireless communications. We continue to evaluate additional opportunities to unlock shareholder value."

"We are excited about the proposed acquisitions of the movie library providing The Movie Studio with recurring and accelerated revenue streams with the worldwide growth of Video on Demand (VOD)," stated Gordon Scott Venters, President and CEO of The Movie Studio. "The films distribution agreements with major studios 20th Century Fox, Paramount and Lionsgate, Columbia, TriStar, New Line create intrinsic value for our shareholders and potential major distribution channels for past and future movies."

 


LOS ANGELES, CA / ACCESSWIRE / December 2, 2014 / Seven Arts Entertainment Inc. (OTC Pink: SAPX) (SAPX) ("Seven Arts" or the "Company") is pleased to announce the appointment of Ms. Rachel Boulds as the Company's new Chief Financial Officer effective December 1, 2014.

Prior to joining the Company, Ms. Boulds has been engaged in private practice as an accountant and consultant. Ms. Boulds specializes in preparation of full disclosure financial statements for public companies to comply with GAAP and SEC requirements. From August 2004 through July 2009, she was employed as an audit senior for HJ & Associates, LLC, where she performed audits and reviews for public and private companies, including the review of financial statements to comply with GAAP and SEC requirements. From 2003 through 2004, Ms. Boulds was employed as an audit senior for Mohler, Nixon and Williams. From September 2001, through July 2003, Ms. Boulds worked as an ABAS associate for PriceWaterhouseCoopers. From April 2000 through February 2001, she was employed an eCommerce accountant for the Walt Disney Group's GO.com division. Ms. Boulds holds a B.S. in accounting from San Jose State University, 2001 and is licensed as a CPA in the state of Utah.

"I am pleased at this opportunity to join Seven Arts management team," Ms. Boulds stated. "I look forward to working with Seven Arts directors and management team to execute on Seven Arts future business plan and vision."

"We welcome Rachel to our management team," said Rick Bjorklund, Chairman and CEO of Seven Arts. "With her financial background and experience, Rachel will position Seven Arts in a leadership role to disseminate our financial statements in a timely fashion."

The Company also wishes to announce the resignation of Mr. Robert La Salle, its former Chief Financial Officer. We wish Mr. La Salle all the best in his future endeavors.
 



LOS ANGELES, CA / ACCESSWIRE / September 17, 2014 / Seven Arts Entertainment Inc. (OTC Pink: SAPX) (SAPX) ("Seven Arts" or the "Company"), a diversified company with motion picture production assets and wireless communications, is pleased to provide the following performance update to its shareholders.

Filings. On September 15, 2014, the Company filed its Reports on Form 10-Q for the quarter ended December 31, 2013 and Marc 31, 2014, and is current on its filing requirements.

Recent Acquisitions. The Company has closed the acquisition of all capital stock of iPTerra Technologies Inc. and all membership interests in Aeronetworks LLC from Sanwire Corporation. These additions will broaden the Company's business plan to include wireless communications opportunities and expedite revenue growth. On September 16, 2014, the Company announced the execution of a Letter of Intent to acquire 100% of Florida-based Cash Ready ATM, Inc. for equity in Seven Arts. The Company plans to change its name to "WirelessConnect Inc." within the next 30 days.

Balance Sheet Improvement. Pursuant to a Loan Workout Agreement completed on August 29, 2014, Palm Finance Corp. ("Palm") relieved the Company of all indebtedness to it. The Company, and certain companies controlled by a related party to a former director and officer of the Company, transferred to Palm all their interests in the real property located at 807 Esplanade Avenue in New Orleans, and all United States and Louisiana historic rehabilitation tax credits and Louisiana film infrastructure tax credits associated with that property, as well as all their interests in any and all completed motion picture and motion picture projects in development, subject to the grant of all distribution rights for thirteen completed motion pictures to a subsidiary of the Company.

New Management Team. The Company continues to strengthen its management team from its group of companies. The recent additions are hands-on professionals and are fully aware of the risks and rewards. To that end, Mr. Rick Bjorklund has been appointed the Company's new CEO and Chairman, and Mr. Robert La Salle as the Company's new Chief Financial Officer.

Richard Bjorklund. Mr. Bjorklund is one of the founders of Aeronetworks. From July 2006 to July 2008, Mr. Bjorklund was President and CEO of the Tulsa County Public Facilities Authority. Mr. Bjorklund has represented clients such as Western Oil Partners LLC, Service King Manufacturing, Inc. Walt Disney Imagineering, as well as numerous Olympic and national sporting associations, including the NFL and NBA. Mr. Bjorklund's education includes Arizona State University, Bachelor of Science Degree; U.S. Air Force Academy, Commandants Commendation; Commendation.

Robert LaSalle. Since August 22, 2013, Mr. LaSalle was Vice President of Finance for the Company. Mr. LaSalle's has held various accountancy positions at Vision Films, commencing February 2012, Film Roman, commencing March 2010 and World of Wonder Productions commencing February 2007, all independent film and television companies.

New Board of Directors. To guide the Company towards revenue diversification, the Company will not hesitate to reach outside of its internal talent to bring industry experts to join its board. To that end, the Company's new board of directors consists of Mr. Rick Bjorklund (Chairman), Anthony Hickox (an existing director), and newly added Mr. Robert Riggs (new director).

Robert Riggs. Mr. Riggs is currently President and CEO of Riggs Distributing, Inc. located in Burlingame, California which sells, among other brands, Sub-Zero and Wolf refrigerator units. Mr. Riggs has held this position for more than five years.

Mr. Bjorklund stated, "For the balance of 2014, we continue to execute on our expanded business plan and growth strategies aimed at building a stronger organization with more revenue diversification. One of our primary goals continues to be to increase shareholder value."

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SAPX
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PostSubject
#46824   We shall see..stranger things have happened... chris20 08/26/15 01:49:28 PM
#46823   dead money sapxclassaction 08/26/15 03:48:51 AM
#46822   Marked you back thanks lots!! : ) bigstocksnbonds 08/25/15 09:06:22 PM
#46821   Still interested here..that huge but a couple weeks chris20 08/25/15 08:57:22 PM
#46820   They can not answer you, at least until sapxclassaction 08/25/15 02:01:38 PM
#46819   All good questions...I emailed for a response... chris20 08/24/15 03:13:02 PM
#46818   the problem is the conversion of preferred B sapxclassaction 08/24/15 01:13:11 PM
#46817   Seemed like a big deal to me..$6400 dollars chris20 08/23/15 04:55:38 PM
#46816   do you know new outstanding, after Preferre B sapxclassaction 08/23/15 04:09:39 PM
#46815   Anyone think the 64 mill shares bought by chris20 08/23/15 10:38:17 AM
#46814   Sent an email out..looking for updates..Will post if chris20 08/23/15 07:57:05 AM
#46813   Great share structure here..not many .0001 left... chris20 08/23/15 06:36:23 AM
#46812   Hearing rumblings that this sleeping giant is about chris20 08/22/15 04:16:39 PM
#46811   Getting ready to breakout of no bid... chris20 08/05/15 09:51:30 PM
#46810   64,000,000 .0001's grabbed. Captain Hindsight 08/04/15 02:24:53 PM
#46808   Peter and Sue Hoffman sentencing postponed until September. CaptainFreon 06/22/15 11:29:35 PM
#46807   FBI investigating SAPX: Sgt. Pepper 06/16/15 09:07:57 AM
#46806   Finally some news! SAPX Acquires Cash Ready Atm Inc.!!! PanamaDean 06/07/15 07:30:37 PM
#46805   CEO ON VACATION NOW? ;) PDTRADER 06/01/15 02:41:27 PM
#46804   FBI investigating SAPX: Sgt. Pepper 06/01/15 09:17:40 AM
#46803   This SCAM has a YIELD SIGN Sgt. Pepper 06/01/15 09:17:26 AM
#46802   FRAUD SAPX DEREGISTERS SHARES from SEC Sgt. Pepper 06/01/15 09:17:14 AM
#46800   Acquires Cash Ready Atm Inc. [Market News Publishing (US)] Captain Hindsight 05/28/15 09:29:35 AM
#46799   ditto that.this pos not worth commenting on. iminthepink 05/27/15 03:40:00 PM
#46798   I've been following this symbol for years. I infiniteloop 05/27/15 11:54:56 AM
#46797   most just want out now, hence no movement koolmc 05/27/15 11:06:29 AM
#46796   They are diluting right in front of you. bradforj 05/27/15 10:24:22 AM
#46795   No amount of news can save this diluted bradforj 05/27/15 10:23:16 AM
#46794   Just watching the number of shares on the penguin007 05/27/15 10:21:20 AM
#46793   News! FrankWhite 05/27/15 09:42:13 AM
#46792   ***NEWS OUT!!!*** http://www.otcmarkets.com/stock/SAPX/news GERMONEY 05/27/15 09:26:26 AM
#46791   Check out the new news!!! SAPX to da moooon!!!!!!!!!!! lubberboy 05/27/15 08:56:55 AM
#46790   That is old news. There is a new PanamaDean 05/26/15 09:49:46 PM
#46789   FBI investigating SAPX: Sgt. Pepper 05/26/15 09:14:40 AM
#46788   This SCAM has a YIELD SIGN Sgt. Pepper 05/26/15 09:14:18 AM
#46787   FRAUD SAPX DEREGISTERS SHARES from SEC. Sgt. Pepper 05/26/15 09:13:35 AM
#46785   When they dropped Billions of shares on us penguin007 05/25/15 01:46:19 PM
#46784   Absolutely it will go up again, it's just PanamaDean 05/24/15 09:39:38 AM
#46783   SAPX WILL RISE BACK TO .001+..SS STILL VERY halbroke1 05/23/15 03:51:43 PM
#46782   They did not even dilute much but run mxp 05/23/15 10:08:58 AM
#46781   I'll buy back in when the dust settles StaleyCornell 05/22/15 08:58:07 PM
#46780   HJOE also fell to 0.0001 for several days, PanamaDean 05/22/15 07:34:47 PM
#46779   Ouch, what a disaster, no bid already in New11 05/22/15 10:51:07 AM
#46777   LOL what a POS. No bid where it belongs StaleyCornell 05/21/15 04:09:11 PM
#46776   Fair value for this pos is .0000/.000. Still Lexey 05/21/15 03:26:29 PM
#46775   NO BID for this SCAM finally @ FAIR VALUE wickerman 05/21/15 01:48:09 PM
#46774   Now the company will have a little trouble OTC Knight 05/21/15 11:10:59 AM
#46773   Added~ SPARK 05/21/15 10:22:45 AM
#46772   That is an understatement. They are much worse OTC Knight 05/21/15 10:13:01 AM
#46771   NO BID bradforj 05/21/15 10:09:28 AM
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