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SAPX WARRANTS FOR COMMON SHAREHOLDERS
Seven Arts also announced that, subject to appropriate and required regulatory filings and approvals, it has declared a warrant dividend to those persons beneficially owning its common stock as of the close of the markets on August 31, 2012. For every ten pre-reverse split shares of common stock held as of such date and time, the holders thereof will be entitled to receive one warrant as a dividend. Until its expiry date, each warrant, once distributed following such approvals, will be exercisable for the purchase of one share of the Company's post-reverse split common stock at a price equivalent to today's post-reverse split closing bid price. The warrants will expire on the earlier of (i) the date that the holder disposes of the common stock in respect of which the warrant dividend was declared, if such disposition occurs on or before the close of the markets on October 31, 2012, or (ii) 5:00 p.m., PST, on January 31, 2013. Seven Arts does not expect that a secondary market will develop for such warrants.
The Company remains concerned with the heavy volume of reported trading in its common stock and believes it is primarily based on trading programs and other trading strategies, some of which may be improper. Accordingly, the Company's transfer agent will verify certain records at DTC and at other sources to ensure that this dividend is only received by persons who owned common stock at the close of the markets on August 31, 2012. The Company believes that the dividend of one warrant per share may provide certain economic value to existing stockholders during and immediately following the reverse split process and thereafter until such time as the fundamental growth and profits of Seven Arts are recognized by the public markets. Management remains optimistic regarding the results of operations for the fiscal year ended June 30, 2012, which should be reported by the end of September, 2012, and with the prospects of its motion picture and music businesses.
dmx's album drops 9/11
I would think the "PPS" would be falling right now no? Last chance to get out w/ your shares in-tact. I think everyone is out and watching or decided to hold through at this point. The RS doesn't change much, just lowers the # OS and raises the price. News of a RS is what would ignite the panic selling no? I think they have a lot of positives materializing in the month of September. Let's see...
bids blowing up
so 2-3 million OS as of Monday a.m.?
What you thinkin, PH eating up the remaining shares entering the float from old creditors converting and selling by using the Buy-Back, RS, and then run it with news from the Music Division (DMX)?
i'd love to see a 200-300 million day here, lol
just took a look @ the daily 6 month. lots of key indicators turning. all we need now is news to attract some attention.
What's a little scary is that we have a seemingly educated individual, who obviously paid attention while at university (in philosophy,) posting subjective and persuasive messages on this board in order to change investor sentiment. This person does not own shares, but has a motive to keep investors out.. that's a little scary.
Selling dried up, at least for today. Seeing some accumulation here IMO
I'm a buyer @ current prices. GL
QUESTION
Trades going through AfterHours for .029 for a few thousand shares, and .0001 @ 4500 a pop? Just throwing em' around for fun now, or what?
Knowing that those shares will be entering the float in 6 mo. is it possible for mm to naked short sell those shares into the float early knowing they will be there to cover later?
Okay cynical clown posse, for real, who is PHEX- haven't seen that before.
Who is PHEX bidding at .0005?
What happens if, by surprise to many, the company issued a quarterly with substantially increased revenue? Would that change investor sentiment at all? Maybe like a few million in distribution sales overseas for recent films such as "Drunkboat," and "Nine Miles Down." Also, how about a balance sheet with far fewer debts from past productions.
"Sabali"
DMX Fan Appreciation Party
its the reeeeeeeeaL
Looks like STEVEN C MARKOFF (SAPX Creditor) is exec prod it. Wonder what kind of deals went down that knocked Seven Arts off the wagon w/ it?
"Yellow" film set to Premier at TORONTO FILM FESTIVAL
September 6-16, 2012.... September shaping up to be a BIG month here
-Peter Hoffman of Seven Arts and Michael Ryan of GFM negotiated the terms with Manu Kumaran of Medient for acquisition of worldwide rights to Nick Cassavetes' new feature Yellow. The film has completed shooting and will be ready for release in the spring of 2012. Seven Arts and GFM expect the film to premiere at a major film festival next year. (TIFF...)
http://www.movieweb.com/news/yellow-picked-up-by-seven-arts-entertainment
SAPX- will break out to the upside EOD or gap up next week IMO
these $ will look cheap again
GL
fwiw bought a small lot of .028s today to even out my position. anyone else pick some up here?
agree
terrible action today
mms throw up walls bigger than the state of texas.
need something of substance to make them change sides.
eat it!
would someone please just come drop a milly on this bietch and shut some of these idiots UP
complain bash complain bash complain bash - definition of insanity?
just trade the ish
BUYBACK started, big boyz can come in and play...
that's a terrible trading strategy, imho. what are you doing, trying to lose $? LOL!!!
when is there ever not a "smackdown." gimme a break. things dont go in one direction. moron.
here 2 support
you go with glass .5 empty, i'll stick w/ .5 full
No Sellers left. Who needs shares? :)
okay but i'm wondering if i have a software malfunction or what. My platform is showing strange looking spread here.. dried up REAL quick....
*NM figured it out.....
what's the deal? strange looking spread here. no idea
L2? what's up......