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Interesting, although looks overbought my gut says there will be some profit taking in the short term. An uplisting to a better exchange would be explosive. Cancer study looks promising. I'll keep an eye on it, thanks for sharing.
Interesting....
Katrin Hoffman associated with 10 different companies. One called "Neuromancer Productions UK Limited?"
http://company-director-check.co.uk/director/912308646
SAPX Chart
Massive conversion of preferred to common, issuance of preferred for loans, 70:1 Reverse Split, De-listing from Nasdaq, the list goes on, all in the last few months. I lost some $ here by believing this was "undervalued," and found out the hard-way that it is not. In my opinion, management with no ethics, out to steal money from investors to pay their debt.
Trademark created similar to Paramount to make the company seem "legit?"
They have mountains with a circle of stars.... how convenient. Why in the world would they chose something SO similar to an actual trademark owned by a large production company? To get people to make a connection between the two? In my opinion that seems obvious. I can't believe Paramount hasn't pursued action.
ahhh they already have: http://dockets.justia.com/docket/california/cacdce/2:2011cv07748/512415/
What is it about certain people that instead of acting within a civil, ethical framework: they instead try to find every loophole imaginable to take advantage and plunder. What a drah on the rest of humanity...
By slip-up, I mean violating a major law, or "stating," or doing something that is easy to prove and bring charges against. i.e. something which anyone who is financially literate would be able to spot and take action. This guy is, and will continue to be on my watch-list, as my career progresses.
In the mean time, I will continue to put forth my best effort to inform based on facts, and not based on opinion (even though my opinion is that the company, and management suffer from a complete lack of ethics).
All it takes is one simple slip-up and the mountain comes tumbling down. Many eyes watching and waiting for it. Looks like that 500k + expenses annually is for writing up a complex "script" aka SEC filings and financials that cover ever base. Still riddled with mispellings and such so obviously no one competent is reviewing before submission. Watch and wait.
Wow, that's ugly. Almost every sentence makes me question how and why this fraud is able to stay listed as a public company. The whole document can be summarized: We are taking money from the public and putting it in our pockets, without creating any business value or ANYTHING for that matter. Blows my mind.
BTW nice call again guys, anyone who listened to those criminals yesterday would have lost their $ already.
If this isn't true, then it should be. Fleecing investors to pay-off debt in a company that produces nothing positive shouldn't be allowed.
I'll sell my pre-RS shares once this hits trips. .001 by end of December?
Im still holding my pre RS shares LOL seeing as how they have lost 99% of their value. Hoping this goes to zero so I can write off as large a loss as possible on my taxes.
To all who are interested, that is what you will get by investing here, a huge tax write off.
Very simple. I'll explain
Why does the chart look like this? Why has it performed so terribly?
Because "management" (PH) is transferring the 'Liabilities' listed on the balance sheet (aka his debt) into the 'Stockholders' Equity' section (aka onto the backs of common shareholders.) This is how the company is being run. The chart is a perfect reflection of those actions. There is no oversight by a board of directors. The worst part is, the debt doesn't even come from intelligent business decisions that might produce some form of revenue. I've got to assume there are parties involved who are making money here (legally, or illegally,) but I know one thing, it's not long-term investors.
.01s are next very soon. Nothing this company has ever stated in a PR has ever materialized. Professional con artists, my opinion is to avoid this ticket at all costs, save yourself the loss, its not worth if.
Easier for this to see .000000s than .40 why? Because there is NO VALUE in the company.
SEC/FINRA/Federal Investigators should be knocking on some doors someday soon no? Send these crooks down-under where their kind belongs
Conversion of debt to common stock - $ (2,446,219) over a 3 month period ending 9/30/2012. two and a half million dollars of debt converted into shares of common stock and then sold into the market.
Simply put, 2.5 million dollars transferred from the hands of investors, into the hands of credits in order to pay off this company;s debt. The only one's who suffered a loss were common investors.
This is listed in the Financial Statements! Read them!
TOTAL LOANS OUTSTANDING: $13,890,536 past due/due on demand.
New Director's quote on FB page: "A fool and his money are lucky to have gotten together in the first place"
Real nice guys running this place eh?
Another thing I find funny is they mainly produce Horror flicks. That makes complete sense... people more often than not tend to reflect their thoughts in their actions.
p.s. "pulling at straws?" LOL. I will post a link to their SEC Filings, all you have to do is scroll down to page 5: read their Consolidated Statements of Cash Flows: under CASH FLOWS FROM FINANCING ACTIVITES:
http://www.sec.gov/Archives/edgar/data/1408276/000135448812006050/sapx_10q.htm
nope. i'm an investor/ trader who lost 90% of my investment here months ago.
just checking back in from time to time to hopefully warn others from doing the same.
i failed to do an accurate background check on the company and fully review their financials, and I accept my loss.
if anyone does either of those 2 things before investing a dime, they will end up saving themselves from losing some $.
i know your role here so this message isn't technically meant for you, it's for people thinking they can make a quick buck without proper DD.
this company has 13 million in debt of which most is past due or due on demand.
the liabilities are overwhelming.
the CEO just performed a RS for no reason, and then brought the O/S from about 2 million to almost 26 million in a couple months. that rate of dilution is insanity.
lol at your reply "learn to trade."
in my defense, i've never EVER seen a CEO act the way this one has with no regard for the common shareholder. The level of dilution is like I said, INSANE. I didn't have a lot invested so my loss was minimal, thank God.
Also, I would much rather be in my position than the management of this company's, and yours for that matter.
I'm fairly sure there are no "illegal" shorts pal. Myself, along with others have been in contact with FINRA/SEC and I'm pretty sure that's not the focus of interest.
there was less than 40% daily volume short, I checked, that's peanuts. No squeeze my friend, you are misinformed.
I'll re-post your link for ya:
http://regsho.finra.org/FORFshvol20121203.txt
20121203|SAPX|66,234 short|0|183,013 Total in the day|O
Look back around November 20 or so in this chart and see 4 million shares traded in a day, and almost no movement. What do you think 66,234 will do?
You aren't being logical with this "short squeeze" hypothesis...
there are very few shorts wild wild west...
the only thing that has any potential to make the price reverse trend is effective management, which has been non-existent.
what's funny is that the ceo made public announcements about what a great buy the stock was months ago; how "undervalued" it was, and then immediately performed a Reverse Split, and diluted the share structure by 1000's of %. THAT's HILARIOUS!
Does anyone know
what the requirements are these days for obtaining CFA designation? I know a few people who couldn't add 2+2 but somehow obtained recognition for it.
Must be tough in the financial biz these days
Good luck to you sir, you're going to need it.
no one is buying.
from looking at the daily volume, and reading the filings released by the company, all I can see that is 100% fact is the company is increasing the O/S by issuing shares for debt, and those creditors are converting and immediately selling said shares.
if people were buying, the price would be going up, not down.
also, one may look at the accumulation/distribution line to see that it has been almost all distribution, very little if any accumulation
no one is buying.
from looking at the daily volume, and reading the filings released by the company, all I can see that is 100% fact is the company is increasing the O/S by issuing shares for debt, and those creditors are converting and immediately selling said shares.
if people were buying, the price would be going up, not down.
also, one may look at the accumulation/distribution line to see that it has been almost all distribution, very little if any accumulation.
I found this excerpt from one of my textbooks all-too relevant to this company. If anyone is truly trying to trade this ticker, look at the trading activity for Tuesday, Nov. 20 and see the highest-volume-day to date, after a 70/1 RS a few months ago, and a doubling of the O/S in a month. There is no way to trade this because shares are being dumped faster than a speeding bullet. Money is used to pay off old debt and pay a 500 thousand dollar a year salary for..... creating super detailed financial statements and issuing shares? What else do they do? Lose money? All my opinion of course, just sharing my thoughts.
“Happiness is a positive cash flow” is certainly true. Although net income provides
a long-term measure of a company’s success or failure, cash is its lifeblood.
Without cash, a company will not survive. For small and newly developing companies,
cash flow is the single most important element for survival. Even medium
and large companies must control cash flow.
Creditors examine the cash flow statement carefully because they are concerned
about being paid. They begin their examination by finding net cash provided by operating
activities. A high amount indicates that a company is able to generate sufficient cash
from operations to pay its bills without further borrowing. Conversely, a low or negative
amount of net cash provided by operating activities indicates that a company may
have to borrow or issue equity securities to acquire sufficient cash to pay its bills. Consequently,
creditors look for answers to the following questions in the company’s cash
flow statements.
1. How successful is the company in generating net cash provided by operating
activities?
2. What are the trends in net cash flow provided by operating activities over time?
3. What are the major reasons for the positive or negative net cash provided by operating
activities?
*This is the question people should ask here, and careful review of the other FINS will give you the answer.
You should recognize that companies can fail even though they report net income.
The difference between net income and net cash provided by operating activities can be
substantial. Companies such as W. T. Grant Company and Prime Motor Inn, for example,
reported high net income numbers but negative net cash provided by operating
activities. Eventually both companies filed for bankruptcy.
-Donald E. Kieso PhD, CPA
Jerry J. Weygandt PhD, CPA
Terry D. Warfield, PhD
"Intermediate Financial Accounting" 14th ed.
If you review the company's FINS since about 2008, and you're good at putting puzzles together, you should be able to figure out what's going on here.
The big surprise is how blatant they are about it. They do not adhere to rules set forth by U.S. GAAP by any means, and almost make a mockery of it's intended purpose, IMO.
My recommendation: just stay out and WATCH and LEARN. This is one of the best movies I've ever seen.
Do your thing! I don't doubt your making plenty of cheddar. I'm completely cash @ this point, nothing in the markets. I wish you luck. Stay safe ;)
Keep up the good work! Lots of positive events coming in the near future!
http://www.sec.gov/news/press/2011/2011-12.htm
http://www.rbj.net/article.asp?aid=190885
yo Gnelson, any more stellar stock picks? LOL
I agree over a million shares converted and sold to unsuspecting new peeps today. Filings tell the story. wash rinse repeat. Basically PH is transferring his debt to common investors.
Sapx= "legal" theft at its finest. Ive never seen so much $ stolen right in front of everyones eyes before, EVER! I think a Dateline NBC or 48 Minutes special is due here so the whole country can watch, I'll email them about it! LOL!
Sorry for anyone who bought this POS. Looking at the volume and price.... all I have to say is... LOL! Really? Hahahaha OMG I can nog believe "regulators" allow this kind of stuff to happen.
Fwiw "if" one decides play ball and believe in this stock, do yourself a favor like I said and wait for the inevitable DROP before any rally to buy super cheap, and then CASH OUT ASAP before the lenders do, which will probably be same-day or day-after. Don't be greedy. It's probably a safe bet to buy @ .01-.02 and exit @ .13-.15 MAX, if it even makes it to that on any short lived rally. Be safe, trade quick, don't believe the lies. My motive for this message is watching $1000 turn to $100 in less than a month. Lesson learned. Now, I avoid pennies at all cost, too much risk and not enough information for guppies like myself. GL
PS if you're looking for someone HONEST to follow here on the hub I recommend typing $heff into the search box at the top. Stay away from these dogs, they were raised without any value for ethics.
alas, the dump continues. previous to pumps in the past, the floor is usually taken out for a greater % swing without letting the price run too high. Probably the only way to make any money on the upside due to lack of buyers.
imo if there is another "bear trap"/"pump and dump," the only way to make a little coin is to buy as low as possible beforehand and be quick to sell before the lenders convert and dump their millions of new shares into the market. Speed is everything.
GL to all if there is a paid pump, and be sure to get in and OUT as quick as possible.
thank you someone finally clearly gets it
Well my friend, there is ONE option left: to use some of that lawyer intelligence to run a legitimate business that creates real value, and to share that value between the company and those who finance it aka the true purpose of a business.
Not looking very good for today, based on your chart. Over 500k short @ or below .06, is that you?
.06......05........04.....03.....02
There's a chart people can use lol
my opinion: Operation #cementshoes is still in play, avoid buying at all costs.
who paid for the pump? MANY eyes watching this time: under a microscope.
agree. the only way SAPX creditors can convert and unload their preferred to common and make a killing is by creating these bear traps aka get people to buy thinking it's a bottom. Please all, be aware of this scheme. I took a small loss here but that's not why I post. I post because this company's management has absolutely no ethics, and they create a negative effect on their surroundings. As a genuine person who looks out for the well being of others, this type of behavior makes me sick. Best case scenario here is that this company goes BK sooner than later. They do nothing good for the world, all they do is steal and line their coffers. (and create terrible horror flicks, which speaks volumes in and of itself. (hint hint nudge nudge wink wink say no more say no more.)
IMO