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Where are the authorities?
This company has to close its doors FOREVER.
Unbelievable people are buying shares knowing that 249 million dilution will decrease their investment HUGE.
It's a shame this could happen.
0.126 now. What is your conclusion now?
The sooner this company is forced to stop, the better it is.
Hope it reaches 0.0000001 tomorrow so that their 249 million stock dilution ends up with nothing.
Great. The sooner the better! Common has to fight to get their investment back.
These 300K blocks are from Hoffman who is in need of money to pay his bills.
These litte blocks are from retailers who are selling with HUGE losses.
SAPX has to stop acting this way. Is there someone around who can start a lawsuit?
Only 6 months ago and before the 70:1 reserve split SAPX traded at 0.02.
Today we reached 0.013.
Which means that when you bought 50K shares in september 2012 for $0.02 a share (all time low that moment) your investment today is 50K:70 = 714 shares x 0.013 = $9.20
Conclusion: from 1000 to 9.20 in just 6 months. And no one is doing something against it.
SHAME. SHAME. SHAME.
Who's buying all the worthless shares?
Hoffman is scared> throwing as much shares as possible at the open market, so he can pay his lawyers bills he's getting.
This has to stop. An investment of $1000.00 two years ago in this POS is now worth only $2.80
Common has to come in action. This company MUST STOP betraying the market.
Nokomis Capital and Mr. Hendrickson are the beneficial owners of 1,886,792 shares of Common Stock.
HAMMER FORMED AT ALL TIME LOW > EXPLOSION COMING!!!! SEE U OVER $ 0.10
http://stockcharts.com/h-sc/ui?s=sapx
Neuromancer news just out > Gibson’s Cyber World Jumps From Page to Big Screen — Finally
Gibson’s Cyber World Jumps From Page to Big Screen — Finally
(NewsUSA) – It has been almost 30 years since William Gibson introduced the world to his debut novel "Neuromancer."Since then, the book has gone on to win numerous accolades and honors, including Time Magazine’s list of 100 best English-language novels since 1923.Now, in what has most assuredly become a cult classic in the science fiction genre, Seven Arts Entertainment has optioned the book and started adapting it to the big screen — a move that fans of the cyberpunk novel have been waiting for, for years.The problem, said Peter Hoffman, CEO of Seven Arts, has been finding the right people who would do this book justice.It was announced earlier that film director Vincenzo Natali has signed on to direct this sci-fi thriller. "I think the reason that William Gibson has been so supportive of me doing it is that he knows the film won’t be homogenised," says Natali. "There’s something inherently not mainstream about it, and I want to preserve that. Natali also added that "The book was prototypical; it defined a genre. Even now, after it’s been pillaged by so many movies and works of fiction, it remains in my mind totally unique."Hoffman shares Natali’s assertion. "We believe that [Vincenzo] Natali has both the story telling ability and the command of the visual medium to give this film the treatment it deserves," said Hoffman. "In Vincenzo’s hands, we think Neuromancer will realize William Gibson’s extraordinary vision of the future while being a big draw at the box office."The book describes a futuristic world that, at the time, seemed almost inconceivable. And yet, fast forward to present day, and aspects of the author’s plot don’t seem all that far-fetched.The novel tells the story of a washed-up computer hacker hired by a mysterious employer to pull off the ultimate hack. He encounters Neuromancer, an artificial intelligence being who is able to copy minds and run them as RAM (not ROM), allowing stored personalities to grow and develop.The film went into pre-production almost one year ago, and filming is currently expected to begin this year, with a budget of $60 million.For more information, visit www.7artspictures.com (NASDQ: SAPX).
1000% gain coming. JMHO.
Much has been said about Michery’s accomplishments, namely that he “has produced eighteen gold and platinum albums, with Artists such as Candyman, Sandra Gillette, Nate Dogg, 12 Gauge, Brotherhood Creed, Shi and most recently DMX, He has served in an executive capacity for a number of top music labels including MCA Records (1990-1993), All American Communication, D.B.A. Scotti Bros./BMG and Zoo/BMG (1993- 1997), Breakaway Entertainment (1997-1999) and Death Row Records (1999-2001), where he released the #1 hit single; “Changes”. For the last 12 years, Mr. Michery has served as the top music executive for American Music Corporation where he released in excess of one hundred titles.”
While all of that sounds great what isn’t stated in any of this is the fact that Michery sold his music assets to Seven Arts Entertainment back in January 2012. Exactly what ESMG has going for them at the moment is unclear. They appear determined to cast a wide net with a variety of brands under the names Eat Sleep Film, Eat Sleep Music, Eat Sleep Radio, Eat Sleep TV and Eat Sleep Sports.
Bought 600K under 0.018.
1000% gain coming. JMHO.
First 1000% gain coming. JMHO.
600K under 0.018. here. 1000% gain coming.JMHO.
1000% gain coming. JMHO.
Neuromancer news coming any moment. 1000% gain possible JMHO.
1000% gain any moment.....JMHO.
Agree, but 1000% more likely....just MHO.
Tomorrow?
SPAX= 1000% gain IMO.
Indeed, this is a 1000% GAINER soon enough imo.
Holding 600K now under 0.018.
Bought 500K today under 0.018.
Agree.
Value of Seven Arts is real great at this level. 0.018 is a joke.
Buy-out or buy-in news any moment.
Stock may soar 1000%
All in here with 300K at 0.018.
Buy low, sell high. Lesson 1 in trading.
No chance....
As long as there's no official PR by the company and shares still are blocked, current trading looks like a fraud to me.
Prices of $0.01 or $0.02 aren't realistic imo.
More than current fake price IMO.
Till there's no official PR and with the knowledge a lot of brokers haven't the right to give the shares free you have to be VERY CAREFUL.
Trading this week is with very small float and very manipulated.
The company and brokers still have blocked authorised shares.
So you're looking at manipulated trading that doesn't reflect the real worth of the company. But have fun with it. Probably a game played by a few people.
I just wait till the official press release of the company.
BTW, the shares trading at the Toronto Exchange won't delist. Says enough.
My shares are still blocked and I bet I'm not the only one who can't trade.
So I'm curious what kind of shares have been traded yesterday....and who owns them.
I'm holding all my shares till the bitter end.
We're talking about GOLD!
Todays trading is just a game played by MM. I even can't trade, my broker has blocked GBG shares.
Curious how many shares have been trade end of day.
Holding ofcourse.
1) Creditor protection has been extended to April 25, 2013, by the CCAA judge. Creditor protection has been extended many times and we should expect further extensions so long as the judge believes GBG is acting in good faith and the restructuring is realistic.
2) Sale of the "Boulder Assets" in Tanzania - GBG's Tanzanian assets can be divided into the "Boulder Assets" which consist of those assets which are part of a JV arrangement with Shanta Gold, and the "Reef Assets" which consists of those assets which are part of a JV arrangement with African Barrick. Red Kite has agreed to purchase the Boulder Assets for 11.8 million consisting of 3 million cash and 8.8 million effectively as debt forgiven. The judge has authorized the transaction, but it is not a done deal yet as Shanta has the right to match it. So, the takeaway is that the Boulder Assets will sell for at least 11.8 million. GBG has been paying 2.9 million a month on this debt, so the cash flow situation at Hollister improves with the sale.
3) Financing - The 35 million DIP loan has been drawn down, but the amount borrowable under the DIP Loan Facility has been increased to 51 Million. Also, the Hollister Debt Facility has been increased by 10 million. So, we have 26 million in new funding to see the process through. If the cash flow forecast through April 26, 2013, is correct, the funding will be enough the get the company through that period.
4) Deadlines - The sales process for Hollister requires court approval of sale by April 19, 2013, with closing occurring with 30 days thereafter.
"A) No later than January 25, 2013 - draft purchase agreement and bidding procedures to be made available in GBGL's data room; B) No later than Febuary 15, 2013 - receipt of firm offers from stalking horse bidders, including markups of a purchase agreement and bid/auction procedures; C) No later than March 7, 2013 - court approval of the purchase agreement and bid/auction procedures; D) No later than April 12, 2013 - receive final bids; E) No later than April 15, 2013 - auction held; F) No later than April 19, 2013 - court approval of final offer and sale; and G) Closing of the sale of Hollister Assets shall occur not more than thirty days after the issuance of the court order." (from the sixth monitor report section 9.4)
Also, the deadline for the Business Rescue Practitioner to give a restructuring plan for Burnstone has been extended to May 31, 2013. The BRP notes that it can (legally) be further extended if need be. The BRP also expressed his belief that the rescue would take the form of a sale and that there are several interested parties and that a "successful" business rescue would be the outcome. "Successful" probably just means at minimum the creditors will get paid and he is primarily addressing creditors when he wrote that - so we shouldn't read too much into it.
5) Hollister - On December 24, 2012, GBG lowered the reserve and resource estimates which results in lowering the carrying value of Hollister to 90 million from 200 million based on the assessment given in September. I had hoped for more discussion and clarity on Hollister, but nothing illuminating was to be found. The December report does not include the tertiary material ( the September report did), it only includes the epithermal veins. The explanation is that more infrastructure build-out needs to be done to have it included, but that there is significant upside if the infrastructure could be further developed.
One further note, in the affidavits of Peter Gibson, our CFO, he uses the phrase "For the avoidance of doubt" over and over again. If rhetorical style indicates management style, the focus is on restoring confidence about management disclosures - seems appropriate.
Insider holdings (from yahoo finance)
% of Shares Held by All Insider and 5% Owners: 6%
% of Shares Held by Institutional & Mutual Fund Owners: 37%
% of Float Held by Institutional & Mutual Fund Owners: 39%
Number of Institutions Holding Shares: 85
MAJOR DIRECT HOLDERS (FORMS 3 & 4)
Holder Shares Reported
Top Institutional Holders
Holder Shares % Out Value* Reported
VAN ECK ASSOCIATES CORPORATION 25,409,028 4.60 2,286,812 Sep 29, 2012
United Services Automobile Association 18,400,000 3.33 1,656,000 Sep 29, 2012
FRANKLIN RESOURCES, INC 17,785,700 3.22 1,600,713 Sep 29, 2012
MACKENZIE FINANCIAL CORPORATION 17,262,200 3.12 1,553,598 Sep 29, 2012
WELLS FARGO & COMPANY 5,414,272 0.98 487,284 Sep 29, 2012
BMO Financial Corp 4,580,736 0.83 412,266 Dec 30, 2012
CANADA PENSION PLAN INVESTMENT BOARD 3,002,634 0.54 270,237 Sep 29, 2012
BARCLAYS PLC 2,274,061 0.41 204,665 Sep 29, 2012
American Century Companies, Inc. 2,127,600 0.39 191,484 Sep 29, 2012
I.G. INVESTMENT MANAGEMENT, LTD 1,942,200 0.35 1,243,008 Jun 29, 2012
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Market Vectors ETF Tr-Junior Gold Miners ETF 36,763,127 6.65 21,690,244 Jul 30, 2012
Market Vectors ETF Tr-Gold Miners ETF 25,664,273 4.65 15,141,921 Jul 30, 2012
FIRST EAGLE GOLD FUND 20,686,130 3.74 12,204,816 Jul 30, 2012
USAA Mutual Fd Tr-Precious Metals & Minerals Fd 18,400,000 3.33 3,864,000 Aug 30, 2012
Wells Fargo Advantage Small Cap Value Fd 7,035,500 1.27 4,150,945 Jul 30, 2012
VANGUARD PRECIOUS METALS AND MINING FUND 8,000,000 0.57 720,000 Oct 30, 2012
VANGUARD INTERNATIONAL STOCK INDEX-TOTAL INTL STOCK INDX 2,279,068 0.41 205,116 Oct 30, 2012
AMERICAN CENTURY GLOBAL GOLD FUND 2,127,600 0.39 191,484 Sep 29, 2012
DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO 2,127,573 0.39 1,255,268 Jul 30, 2012
DFA Investment Dimensions-Canadian Small Company Series 1,537,875 0.28 907,346 Jul 30, 2012
VANGUARD INTERNATIONAL STOCK INDEX-TOTAL INTL STOCK INDX 3,641,607 0.26 327,744 Oct 30, 2012
DFA Asia Pacific Small Company Series 2,600,255 0.19 1,534,150 Jul 30, 2012
iShares MSCI EAFE Small Cap Index Fund 1,584,081 0.11 142,567 Dec 30, 2012
DFA International Core Equity Portfolio 606,744 0.11 357,978 Jul 30, 2012
COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT 997,589 0.07 89,783 Sep 29, 2012
Vanguard Intl Equity Index Fds-FTSE All World ex U.S.Small C 635,815 0.05 57,223 Oct 30, 2012
JP Morgan Global Natural Resources Fund 633,400 0.05 57,006 Nov 29, 2012
Metropolitan Ser Fd-Met/Dimensional International Small Comp 307,389 0.02 27,665 Sep 29, 2012
iShares MSCI Global Select Metals & Mining Producers Fund 226,290 0.02 20,366 Dec 30, 2012
Schwab Strategic Tr-Schwab International Small Cap Equity E 152,600 0.01 80,878 May 30, 2012
The party is just going to to start ......
We've have nothing more to lose than $0.08. The upside is much more....don't forget they halted trading because trading below $0.20 is ridiculous. See it as a protection of your investment. Because I'm sure a lot of people would have sold now, just for emotional reasons.
And you know, stay with the facts, have a little patience and you'll surely prosper.
Great chart, in with 10K at 0.61.
Watch HUSA and GSX also, they look even better.
HUSA has all signs to have a monster move.
Lol.....my statement of PH is from todays PR...sorry but I can't read the future....and I didn't made that statement. But still it's a lie.
This is a 100% lie of Peter Hoffman:
"We continue to believe that this trading activity is due to short-sellers and numerous misleading and outright false statements being circulated about the Company and its operations".
Fact= Hoffman diluted and diluted and diluted and diluted..
Winter Queen and Neuromancer were announced 3 and 2 years ago already....yet still nothing.
Mmmmm....
As usual I sold at THE TOP yesterday.
Good luck here guys.
0.40 at least