Seven Arts Entertainment Inc (SAPX)

[infiniteloop]

Oh, Your one of those early investors who bought in while it was clearly going down

Heh - I've been correct about this symbol so many times. I don't think you want to bring in my history of being wrong or right about this symbol.

First, contrary to your statement it wasn't nearly as clear then that it was only going down. I was asking lots of questons, looking into reasons why the company may be making or losing money going forward.

They were on NASDAQ, they were pumping out Press Releases saying clearly weird things like Bruce Willis was looking into their production of Neuromancer (turned out to be vapor news).

So you're right in that I bought while it was going down - the thing is, I saw that fact and sold. The thing is I think it's *still* clearly going down.

It's much more obvious now that it's still going down because I see the times are different. Replace "Potential Bruce Willis" with "ongoing Federal Investigation" to see what I mean.

And I got out with a (very small) profit! I was pretty lucky to have bought coinciding with some short-lived spike due to some press releases. After I realized what a hot burner this was, I stopped touching it.

I was chided, then, for selling (of course, others weren't convinced yet). I was told the stock was as low as it's ever been and that it was a good buy (sound familiar?). I was told the stock was undervalued based on company assets! (what assets?). And that the technicals of the stock were poised for a run-away (sound familiar?). I was told that I would regret it! I said, "even if it goes up from here, I'll not regret it, I'll congratulate you". Sadly I was unable to congratulate them.

To the investors at home, it was then worth thousands of times more than it is now. But due to new share sales on paper the market capitalization was only losing small percentages compared to what investors were losing. This is it in a nutshell. Game over. The company was basically reporting they had been selling so many shares that investors were losing 99.9+% of their investment while the company only took 15ish% hits in market cap. It's all in their filings - plain as day. People would read this as "they only lost 15%! It's still doing well!" without looking at the chart at all to understand how terrible that was.

I then began to predict, to those who came after, telling me how wrong I was, that "I predict it will be worth half today's price before it's worth double today's price" - Every time I've ever made that prediction I have never been wrong. (The posts are in my history).

and now hating yourself for it

Hate myself? Not remotely. Getting out was smart! I clearly clearly made the correct decision to sell off (it's never again been remotely close to what I sold at) and then started warning others about the dilution.

However, the PPS has not been this low for some time now.

What an oddly true statement. I don't remotely interpret that as a good thing though. True it's never been this low! But the problem is the same exact sentence can be uttered anywhere in the last 6 years, still be a true statement, and still not be a reason to buy. The symbol seems to always appear on sale. The fact is, you can almost always buy it for less tomorrow.

You're not addressing dilution, the key problem, and there's nothing showing it can, will, or even should stop.

Sure the debt reduction is making the stock worth less and less, but, hey it may be what's keeping the stock from being worth zero (you know, by keeping the doors barely open).

Thanks for keeping the conversation going so long . Anyone on the fence could read it and benefit by it.