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PATHETIC!!! This is even more of a POS than I thought!
Sold all but 10,000 shares, and I won't buy them back until after the RS.
Will look for an opportunity to sell the last 10,000 above .23, but I'm getting a sinking feeling THAT ain't gonna happen again before the RS.
Dead money here for 6 more months - PITIFUL!
Heading for .32 tomorrow and Friday.
Seven Arts MEETS 180 day extension!!!!!
I NEVER said anything close to that.
It is not looking very good now. Don't put more into that than what it states.
If I have to be more specific: The trading is not looking good at all now.
Not looking good at all now.
Just bought back in the .165 to .168 range all those I sold in the .20s.
I would have liked to have had a better spread on the trades but I have been out of the loop the last two days (family member had surgery and I could not access the internet). It has just killed me checking this at the end of the day and knowing I could not take advantage of the trends for banking profits, LOL.
Well, let's hope we see that extension soon and it will go up higher than it did on Mon.
All the entities that SAPX keeps distributing shares to on a weekly basis.
Well that has some misleading information, most obvious is this:
Sold half at .20
Looking good here for next week!
I said the WORST case scenario had a slim possibility. And even its slim possibility is at a much, MUCH higher probability than your asteriod slamming the earth.
There are many BAD case scenarios that are not in any way seeing the upside that your rosey picture paints. And of these MANY BAD CASE SCENARIOS, their probabilities are much much higher than what I would call "slim".
When statements are made that profess misconceptions as erroneous as that one, the board certainly does need someone to stand up and say that it is erroneous.
That is totally different than making a statement telling people "you don't loose until you sell".
The statement:
You lose a heck of a lot more if say, the worst case scenario transpires.
Now, we are all betting on the worst case scenario being exposed to be wrong, but it is still a slim possibility.
I never said this company was going BK. I agree, talking of this going BK, at this point, is utter nonsense. There is too much money to be made from the markets for Peter to allow this to go BK.
I stated that the statement that "you don't loose until you sell" is totally a misconception, because there are a few ways you can lose EVERYTHING if you do NOT sell.
The "you don't lose until you sell" line is what you would call, "trader nonsense", and we all know it.
Also, when companies go BK, all those people who did not sell - OF COURSE, LOSE everything, (other than a few pennies) they had invested.
So again, those are two examples of how you not only lose, but lose essentially everything you have in it, if you do NOT sell.
That is the biggest misconception touted on these boards!
You loose BIG time when they RS if you do NOT sell. Those shares you hold through a RS for a diluting pig like this will NEVER become the value they were at when they RS this, especially not from the first RS.
From the first RS: Those people, if they NEVER sold, have LOST and LOST BIG! - Almost every dime of their investment.
So, the TRUTH is, you will likely LOSE BIG if you do NOT sell!!!, but you need to time the sell appropriately to salvage as much of your investment as possible. Many here, me being one, happen to think that the time to sell is after they finally announce the extension. The pop created from that info should prove to be a nice exit opportunity before they dilute it another 500% and then RS.
Point: Be VERY CAREFUL with companies that behave like this and be nimble - ready to sell when the surprise hits. But of course, that is when they halt trading, LOL, and then you CAN'T sell. They halt it because they do NOT want you to be able to sell (or buy) until everybody else gets their ducks in order.
Figures! Don't care for this yet again!
Damn IT!!! I did not catch that. I just looked at it real quick on my way out. Now that I get a chance to read all the ammendments - looks like they are just killing us faster and harder.
Thanks for letting the board know what you saw in there.
I lay 95% odds that a RS is done, and done sometime before Aug.
Another Form DEFA14A out:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8137614
With a quick glance, it looks like it is just the Proxy statement.
Yeah, I'll buy some more .13s tomorrow or Friday if it gets back down to the low .13s and the PPO is in that range; but I will wait for my ideal PPO/ADX value range before adding those extra shares since I am fully loaded right now.
If not, I'll see how it plays out with what I have.
On the other hand, if we get a price swing of a few points, I might trade a few, and add that way.
Still not sure if I want to hold too long though - I do NOT trust Peter!!!!!!!
I usually like to see the PPO in the -20 to -30 range when I decide to buy in for a nice pinch rebound, but this one looks close enough for me.
Time for Peter to lay this hand out for all to see. I'm ready, one way or the other, LOL.
Dude, that was the LAST filing, always at LEAST a month behind the real scene of what the OS count is TODAY!
They are diluting CONSTANTLY! Look at the filing: there are PAGES AND PAGES in there about who they have paid, and are paying WITH SHARES = DILUTION!
Now, those people who got those shares or have CDs are selling, or converting and selling immediately, right before your eyes, TODAY!
Now, Look at SmoothTrader's post: That has a bit of insight into a clear picture of what is going on with some of those dilution shares today.
LOL, I cannot wait to see the next update on OS whenever they decide to let us in on it, LOL.
Talk about a noob! One that doesn't know the definition of dilution evidently, OR how it is done.
Thanks for that info.
Let's see how this plays out for us.
It is like going to a SCARY MOVIE watching this POS.
It has gotten to the point now that it almost looks like they are diluting to try to up the share count so that they can have a bigger multiplier for this HORRIFIC share price so that the product will still be up to 5M Market Cap.
Talk about a DOG CHASING ITS TAIL here!
If this IS the case, then they can go down to .10, but after that, it is GAME OVER, because they only have 50M Authorized shares to be able to dilute with. That is, Until March 27, LOL.
So PATHETIC it is starting to get funny.
Ohhhh grasshopper, you need to do the math for yourself.
Assuming their constant dilution has brought them up to OS of 32M shares
32Mx.15, only gets you a 4.8M Mkt Cap
Now maybe they have already diluted us up into the 40M+ shares range. If so, then this is even more like a diluting pig stinky pinky, and it looks even worse to me.
OK Boyzzz, As of today, SAPX doesn't meet NASDAQ requirements in two respects
1) Share price under $1
2) Market Cap is NOT above $5M
Due to this second fact, I think one might start questioning Peter's assurances that they WILL get the extension. Hmmmmmmmm
Things are looking totally GRIM here, sorry to say.
Lesson: When they trade and dilute like a stinky pinky, they basically ARE a stinky pinky; doesn't matter that they are on the NAS for the time being.
Good work!!
Thank you for that tidbit of information.
I guess my buy at .155 is fairly safe based on that line of thought.
Now, that is IF they really are going to get the extension. The way the company has diluted the share value like a meth addict looking for his next fix, not so sure NASDAQ wants that kind of company associated with its exchange - Gives it a bad name in the hood, so to speak.
ROFLMAO, Exactly!
My, my.
Nice Surprise! Didn't expect that, LOL.
Here comes the end of day dilution dump (EOD DD), to kill off any signs of strength going into the close.
They just cannot quit dumping shares.
They are all falling all over themselves to see who can dump the most the fastest.
Having said all that, I did buy in quite a few at .155, because I think there is a rebound coming. Not very high, because of the horrid dilution they keep piling on us, but still a bit of a rebound.
Again, BE VERY CAREFUL!! AND DO NOT THINK OF THIS AS AN INVESTMENT. Be ready to TRADE IT very nimbly, because you CANNOT TRUST this company.
ONLY USE SETTLED FUNDS because you will likely only get one or two days to get out of it before they do something else to kill your return.
Interesting how posters here berated me months ago for trying to warn people of the truth of what this company was doing. Over and over I was made fun of for telling people to be careful of the dilution that several posters on here SWORE was NOT HAPPENING, LOL.
I even had an extended discussion with someone last month about how us posters that warned of untrustworthy things the company was doing were just HORRIBLE because we caused people to not buy in in the .30s, and they were going to miss that fortune for when it went to $4. I asked that person then, if he would not feel a whole lot better missing out on the run than he would feel when the value of his investment went down to close to zero; and he still said I was horrible for us to warn people of this because he would feel better watching it go close to zero than he would missing out on the chance of the run.
Well, I know there are many out there that are extremely happy today that we warned them about when to buy in, and they decided to be VERY careful with their entries because of that, and maybe even stayed away, thus saving themselves a boatload of money.
Hmmmmm, I'm wondering how the guy so mad at us about keeping him from getting in in the .30s for the major run to $4 feels now having LOST a bunch of money, instead of losing out on the dreams that this would go to $2-$4?!?!?!??!
Hmmmmmmm
Like I have been saying, this POS would go to .21.
Well, we are officially there! Yeah for us, :>(
Now, the question is, will it go to that .17 that Niostart keeps predicting?
I agree totally.
Not at all, it just looks like it is going there.
Now, do I have enough confidence that it is going there to sell my shares and plan on buying back? Heck NO!
With the way the chart looks, I am not selling a whole bunch of shares until I see some reason, like a pop or some more bad news.
HOWEVER, I will be waiting at .23, .22 and .21 range to pick up some more if those diluting dumpers are going to take it there. The dilution has not been near as bad the last three days, thus, it appears to be holding .24 fairly well. But once they decide to dump some more shares, IF they decide to do the dumping in this .24 to .25 range, it will be visiting .23, and very likely I will get my bottom call at .21 hit.
As stated previously; Patience and balls are required here.
Looks like it is going to test, or maybe even break, .23 today. Hmmmmm.
NOT looking good here boyz!
Noone, I mean absolutely NOONE seems to want to buy this anymore unless they drop it another 10%.
Not looking good at all. They need to release something that shows they are doing something/ANYthing that looks like business to bring in some money for shareholders.
So far all they have managed to do is travel around and socialize to make deals for distributing shares to everyone they can think of without those poeple in turn bringing in some income to the company.
Time for them to bring in some funds, NOW!!!
Thank you for trying to find some pertinent information.
HOWEVER, I have a big concern with this information. You posted:
WHAT!!!!
Good to finally get a hint that we may start to see a bit of revenues to start helping this POS out.
This news MAY prevent this from going back down below .23, IF they can keep the share converters from dumping on the bid every 4 hours for the next few days. It all depends on how desperate those diluters are to get their money out and run.
Loaded half may shares back yesterday at .24. Was really thinking I would get some teens, but looks like the low .20s will be it.
Will be very interesting to see what today will bring after this PR, since the dumping yesterday was not so bloody.
Good luck everybody with placing your bets. The chart tells me that it is getting close to serious buying time to start.