Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
All the guppies who just sold out at .17 just lost a ton of money
Reaction the the latest filing which set a date to the shareholders meeting in March.
WHat happens to their option strike price after a RS? Does that mean that even after a RS is implemented and stock goes to say, above a dollar due to it, their option strike price remains unchanged at , for example, .44 cents for hoffman?
Name
Number of Options Granted
% Of Total Options Granted on Grant Date
Exercise Price per Share
Grant Date
Expiration Date
Mkt. Value
of Securities
Underlying
Options on
Date of Grant
Peter Hoffman
50,000 100 % $ 0.44
14/10/2011
13/10/2016
$ 0.44
Elaine New
50,000 100 % $ 0.44
14/10/2011
13/10/2016
$ 0.44
Katrin Hoffman
50,000 100 % $ 0.44
14/10/2011
13/10/2016
$ 0.44
Robert Kaiser
50,000 100 % $ 0.44
14/10/2011
13/10/2016
$ 0.44
Dan Reardon
50,000 100 % $ 0.44
14/10/2011
13/10/2016
$ 0.44
Hubert Gibb
50,000 100 % $ 0.44
14/10/2011
13/10/2016
$ 0.44
Anthony Hickox
50,000 100 % $ 0.44
14/10/2011
13/10/2016
$ 0.44
Peter Hoffman
50,000 100 % $ 0.39
06/12/2011
05/12/2016
$ 0.39
Elaine New
50,000 100 % $ 0.39
06/12/2011
05/12/2016
$ 0.39
Katrin Hoffman
50,000 100 % $ 0.39
06/12/2011
05/12/2016
$ 0.39
Robert Kaiser
50,000 100 % $ 0.39
06/12/2011
05/12/2016
$ 0.39
Dan Reardon
50,000 100 % $ 0.39
06/12/2011
05/12/2016
$ 0.39
Hubert Gibb
50,000 100 % $ 0.39
06/12/2011
05/12/2016
$ 0.39
Anthony Hickox
50,000 100 % $ 0.39
06/12/2011
05/12/2016
$ 0.39
Robert Kaiser
50,000 $ 0.89
01/09/2011
31/08/2016
$ 0.89
Dude either cut your losses and move on or hold on for a bounce.
Finally a post here that is level headed and logicial. I'll be watching that DMX music video even though I can't say I <3 rap music lmao.
lol full disclosure: you would love to pick this up at .17. Everyone please sell at these low prices so that we may them up.
hope not lol
The traders here have no patience. They want to buy before news and sell on news. Now it's time for them to sell at a loss at the lowest bottom that there is possible to sell at.
This hit .22 in the past too...stripped money off of those who sold at a loss into the pockets of those who sold in 50s.
This stock will only go up with hard numbers in the P&L statements. Not too far away...
News of extension will be out to clear delisting issue.
Run for the hills...
IF being the big word
Lol if peter doesn't mess with this, this stock should be up as big money starts getting interested when DMX sales #s start rolling in. Anyway the news has made me buy up some more.
Too bad there is absolutely no volume today and shares are not trading hands eh?
Yea I wish this would break .31
This stock is dropping faster than soap in prison :)
Nice! EGT is a sleeping dragon.
Well I doubt there will be anything else happening today...it's Friday.
Call Peter and demand him not to be one! Tell him to put out DMX too while you're at it.
Good thing that your perception of DMX has no effect or sway on the PPS and future PPS spike that will occur when DMX PR is released.
Well I am in at .30 so I am holding for the long term as well and not for a penny flip. I too hope this breaks over .31. Waiting very much so for this filing to be out and to see some great numbers.
EGT needs to bring more attention to potential investors. Barley any movement for a week. Now I'm quite happy that this stock doesn't have wild volatility because I don't want it to be a cheap share that is flipped and traded exhaustively. This looks like a good stock for solid INVESTORS who believe in the company. Isn't earning report out in 8 days? Why not build the hype...
Really? Because it is at .755
Sorry man I was sleeping after my exhausting day of purchasing so much SAPX. Need to be have my energy to celebrate with the ladies as this goes through the roof.
1 million dollar in sales. Looks like SAPX is starting to make bank. DMX is going to come and shake that piggy bank a little harder.
Seven Arts Announces a Successful European Film Market ($1million in sales) and the Completion of Principal Photography on "Schism"
HOLLYWOOD, CA--(Marketwire -02/27/12)- Seven Arts Entertainment Inc. (NASDAQ: SAPX - News) ("Seven Arts") announced today that it expects to close over $1,000,000 in sales with distributors such as Impuls Pictures in Switzerland and Pioneer Films in Taiwan at the European Film Market which took place in Berlin from the 9th to the 17th of February. The market saw the launch of sales on "Schism," which completed principal photography on February 7th in New Orleans.
Peter Hoffman, CEO of Seven Arts, commented, "We are pleased with the results at this year's European Film Market and look forward to an equally successful showing in Cannes later this spring."
About Seven Arts: Seven Arts Entertainment Inc. is the successor to Seven Arts Pictures Plc, which was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.
http://finance.yahoo.com/news/Seven-Arts-Announces-iw-3883415009.html?x=0
I'm in. This company has 14 million in cash. No comparison to SAPX pos. I think this is going to rise up steadily and strongly with positive black and white numbers in the reports. No p+d PR games/nonsense.
Well I just joined in at .30. Let's see this baby go up. The fundamentals def sound better than alot of the other POS I've traded over the last few months. The quarterly filing on 3/8 is going to be quite good? Watching this closely...
I'm looking at L2 and there is barely any volume or movement happening.
Implicit means to be implied. Which is what he said lol.
Wow. So you're saying you are willing to put up 100,000 USD if price is at .20 tomorrow? Lol if you're doing that on Margin I feel for your stress. And if you have that kind of cash on hand in general, lol nice.
It's true that the only downside of the report, that I failed to mention, is the many details about increasing the A/S and issuance of more common stock.
It could be that these numbers and figures were necessary to be in there, otherwise a possible R/S would still not meet requirements and NASDAQ would have no basis to allow the extension.
It could be that Hoffman does wish to continue raising capital and diluting because of lack of cash. This last part is obviously true. That is the whole purpose for SAPX to be on the NASDAQ market, so that they can use investments to pay for their business while it takes off. But the question remains to what extent will he do s, and to what extent will deals, positive revenue, and PR's counter react the PPS movement.
That being said this is a stock with risk but there is very good possibility that even if it doesn't realize it's goal of $1, this will make it up to .40 or .50 in next 3 months at least on pending PR. Be cautious while trading and seek your exit points accordingly.
I don't think Ihuber's will be able to control movement of this stock and SAPX will carry out its plan and scheduled PRs regardless, so I have no intention of persuading anyone here to act in either way. My recommendation is a HOLD.
Disclaimer: I am long.
Don't panic: Here is my take and analysis from the filing:
" The Company’s common stock currently is trading at less than $1 and through extensions obtained from NASDAQ, has until [September [ ], 2012] to meet the $1 Rule. Management believes that the Company should meet the requirement of the $1 Rule by this date, but the Board seeks authority to implement a reverse split of the Company’s common stock if necessary to comply with the $1 Rule in this time period."
This quote pretty much confirms that extension by NASDAQ is granted until Sep 2012. Isn't this the news you have all been waiting for to clear confusion?
THE FILING IS NO SURPRISE. If anyone has read nasdaq requirements for listing: https://listingcenter.nasdaqomx.com/Show_Doc.aspx?File=FAQsContinued.html
you will know this filing was REQUIRED.
Don't believe me? Here is the exact quote:
"Thereafter, Capital Market companies can receive an additional 180-day compliance period if they meet the market value of publicly held shares requirement for continued listing and all other initial inclusion requirements for the Capital Market, except for the bid price requirement. If a Global Select Market or Global Market company is unable to comply with the bid price requirement prior to the expiration of its 180-day compliance period, it may transfer to The NASDAQ Capital Market, so as to take advantage of the additional compliance period offered on that market, provided it meets the market value of publicly held shares requirement for continued listing and all other requirements for initial listing on The NASDAQ Capital Market, except for the bid price requirement. In order to be afforded an additional 180-day compliance period a company must also notify Nasdaq of its intent to cure this deficiency. In that regard, companies must provide written notice that they intend to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If a company does not indicate its intent to cure the deficiency, or if it does not appear to Nasdaq that it is possible for the company to cure the deficiency, the company will not be eligible for the second grace period.
SO THERE YOU HAVE IT. Without this report of possibly doing a RS if neccessary, NASDAQ would not grant the SECOND EXTENSION.
Everyone remain strong. People will panic sell on Monday because of lack of understaning report. Obviously, this is a risky company. But you can either take the loss or hold on because it looks like everything is happning AS PLANNED.
Now that extension is granted they have UNTIL SEPTEMBER TO GAIN ABOVE a $1
Nothing has changed on the deal side. DMX is still coming out soon. Neuromancer should still be moving foward and having PRs. If you believed in what you were doing before, continue to do so. If you wanted to make a quick buck by gambling, well I'm sorry friend, but the house has won.
All IMO. Good Luck to All and Proceed as you see fit.
It's hardly an artcile. More of some guy's opinion. Jorge Aura's Instablog. He's got 2-4 followers. Its just some guys opionion. AND MY OPINION DOES NOT AGREE WITH HIS.
Heck singles rising up in the charts will correlate with stock price rising up :)
This baby is going to fly on DMX final agreement, NASDAQ extension, and the icing on the cake will be when DMX's album starts getting sold. If it goes platinum, we are going to go platinum.
Seriously undervalued in the .20s. No brainer, pick up all you can before this hits .30s .40s .50s.. $1.
Pay day is coming boys...
Ofcourse. This is wall street after all. Rampant Insider Trading.
Not that simple when you've bought high already, much to your dismay.
Excellent clarification abd breakdown. Should help a lot of people on this baord get a clear summury of where SAPX stands. Stickied.
CURRENT STATE OF SAPX DUE DILIGANCE
Originally posted by shish:
Fourth Quarter Releases and Clarity from Zacks Report 2-22-2012
1) Fourth Quarter Fiscal 2012 starts April 1st- June 30th 2012
" Likewise, the Company anticipates the release of 'Drunkboat' and 'Nine Miles Down' in the the Fourth Quarter fiscal 2012.
Similarly, Seven Arts expect its first releases from its new record subsidiary to be in the Fourth Quarter fiscal 2012."
So these above-mentioned Releases are coming in April, May, June time frame.
2) "Upon completion of the acquisition, David Michery will be appointed Chief Executive Officer of the Company's new music division, Seven Arts Music, which will comprise of Big Jake music and other stars including DMX"
Completion should be announced any day now is my understanding. In other words this will be a done deal soon.
3) The Company's strategy is to produce and distribute two to four $2 million to $15 million motion pictures in house per year. This is Consistent with what Peter Said in the recent interview as well on Radio. This is a sound strategy and again points out that the 25 cent per share is ridiculous, under valued and irrational and overly negatively slanted based on Fear of mostly In and out trader mentality gamblers. Nothing wrong with trading , but when they come back IN and street gets to paying attention ( which is always late ) , the sales price will have made a big percentage increase from its current severely low valuation.
4)Recently, Seven Arts has completed production and is anticipating the release for the theatrical showing of Radio Free Albemuth (United States) and Men Don't Lie (United Kingdom).
5) Still, the Company increased net shareholders' equity from $7.958 million as of June 30, 2011 and $14.633 million as of September 30, 2011 to its current level of $15.250 million, with an additional $1.46 million of stock authorized but not yet issued.
6)Additionally, Seven Arts' working capital deficit improved to $7.815 million for the period ended December31, 2011, down sequentially from a working capital deficit of $8.381 million during the first quarter ended September 30, 2011.
7)The Company's balance sheet continued to improve.
As of December 31, 2011, the Company reported $28.729 in assets, up sequentially from $27.291 million in assets during the first quarter fiscal 2012.
8)Additionally, as a result of its continued efforts to reduce indebtedness and increase net shareholder equity, Seven Arts made progress during the quarter in reducing its debt and increasing stockholder equity.
The Company reduced film and production loans as well as reduced other liabilities by approximately $2 million to under $7.5 million.
Production debt decreased from $15.876 million at December 31, 2010 and $10.890 million at June 30, 2011 to $6,025 million at December 31, 2011.
What's more, $700,000 of existing Other Loans were paid or converted over the past twelve months.
9)The increase in weighted shares outstanding was primarily a result of the issuance of unregistered shares to Seven Arts Pictures Plc., the Company's NASDAQ listing predecessor.
10) The increase in net loss was primarily a result of negative gross margins in fiscal 2012 and a $366,488 increase in year over year operating expenses.
Gross margin was negative for the three months ended December 31, 2011, due to the Company amortizing 100% of revenue achieved and writing off the cost of the theatrical release of "The Pool Boys".
In Conclusion , "While second quarter results were weak, Seven Arts reported substantial progress in reducing debt and increasing its stockholder equity."
Everyone can come as they always do to their own conclusions based on recently reported facts by the company and re-iterated by the Most Current Zacks Report.
The Current Valuation of 25-27 cents/share is ridiculously low and the fact remains that the balance sheet is improving and so is the net shareholders equity in spite of increase in weighted shares. The 7 cents loss per share announced in second quarter is more than adequately reflected in the current share price and actually Over done in my opinion . Its almost March and we know the revenues expected in fourth quarter which starts in 5 weeks or so beginning of April.
So take your best common sense Guess on what the share price might be as these revenues hit the SAPX books in the not so distant future. It all seems gloom and doom and the those that have low pain thresholds have bailed , but this is the time to absolutely hold tight if you are already IN and add if you can and if it fits your risk parameters, but definitely be a buyer if you dont own it yet. This is all strictly my opinion and I am a believer that SAPX will make considerable moves from current levels.
Please do your own due diligence and make your decisions based on your risk reward parameters. These decisions to invest/gamble/take a chance...whatever you want to call it is your personal decision and do not be swayed by your emotions and feelings. Either you believe in the revenues that are coming or you dont.
Good luck and God bless you all.
S
Looks like SAPX has tons of great things coming for it in upcoming quarters. Can't wait for the music divisions first release.