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That was a disaster on many levels. Stay away!
Even flies should stay clear of this shit!
There's that POP... issue is it deflated that upwards balloon! What a joke!
How they continue to get away with this is sinful!
Are you referring to the luxary cruise ship she is on with all our stolen money?
Must ne about time for another R/S
STAY AS FAR AWAY FROM THIS SCAM AS YOU POSSIBLY CAN! Yes I was YELLING!
Will never happen... They have been pushing these movies for years!
You are not alone... many of us, including me, suffer. I've got official emails full of lies... How they got away with this is just sinful.
Cher endorsement..... Gypsies Tramps and Thieves!
Yes... a couple of years ago.
Are you kidding??? 18 million loss 2013 and 12 million in 2012?
Year ended
June 30,
2013
Production
Film Music facility Total
Revenue $ 841,956 $ 574,434 $ 106,417 $ 1,522,807
Cost of Revenue (7,004,141 ) (5,395,410 ) (22,160 ) (12,421,711 )
Gross profit/(loss) (6,162,185 ) (4,820,975 ) (84,257 ) (10,898,903 )
Operating expenses (6,447,117 ) (480,620 ) (361,955 ) (7,860,492 )
Loss from operations $ (12,609,302 ) (5,301,595 ) (277,698 ) (18,188,596 )
Year ended
June 30, 2012
(Restated)
Film Music Total
Revenue $ 4,052,029 $ 5,977 $ 4,058,006
Cost of revenue 14,350,858 39,031 14,389,889
Gross profit/(loss) $ (10,364,937 ) $ (33,054 ) $ (10,331,883 )
Operating expenses 2,467,111 ) 91,505 2,558,620
Loss from operations $ (12,765,944 )) $ (124,559 ) $ (12,890,503 )
For anyone that has been in SAPX for more than a few days know this is bad! How many reverse splits can they have and continue to dilute and share price continues to drop?
They need to go to jail!
Ha ha, last Summer, or was that the summer before, I was told in an email from the Hoffman's, that the announcement DELAY for the casting of Neuromancer was due to the end of Summer/Labor Day. That's was BEFORE the 2 most recent R/S.... Thiefs and Liars!
This Stock deserved a well executed Class Action Suit like non other.... I for one have several emails from the former CEO and now acting CEO, indicating things to happen "soon" regarding castings etc... all well over a year old and look where we are today....
I'm still looking for my skirt, short's and shoes I lost in this pos!
Looks like the Froggy has croaked! Website no longer found....
He also said that the last time.. 1-70 and he also was quoted as saying "it was a mistake"
You can assume the stock price will drop right back down to pennies in no time at all.
Hoffman still in charge??....... ugh!
Here is a link of the latest news from Meridian. Looks like Yolo is no longer involved.
Any thoughts? Is this good news going forward?
Meridian News
News from GFM Films. I have to admit, this company confuses the hell out of me to who's who in the zoo.
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HALTED code T1
Frogads all new coming January 2013.
Frogads just updated their Facebook page stating that Frogads will be all new January 2013.
No Surprise here... but Official notification from NASDAQ regarding delisting of SAPX.
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Keep in mind not that long ago, this would not have been considered a "Penny Stock" and at that time, Seven Arts was painting a much more colorful picture of projects in the pipeline that made one believe that these were in the works far more then they truly are.
You are absolutely correct... I like many of us have lost all confidence. But why I ask would SAPX do this to themselves? They are now in a position that looks like they're best hope is to close shop and call it a day.
It truly puzzles me to believe this is all the fault or work of Seven Arts. I'd like to know who or what organization has had it out for this company and has continued it's relentless campaign to bring this down day after day.
Neuromancer.... makes you go hmmmmmmmmm?
09-14-12
Wired: What’s the current state of plans for the Neuromancer movie, which has been threatening to come out for years now?
Gibson: If it was in one of its completely moribund phases I’d be willing to talk about it, but because it’s apparently not, I wouldn’t want to say anything about it. If I talk about that, I would be talking about someone else’s work-in-progress. But there does seem to be some progress. If anything were happening that was totally exciting for me, you’d see me tweeting about it. Anything you hear elsewhere, you should check and see if I’m tweeting about it. That will be the tell.
http://www.wired.com/underwire/2012/09/william-gibson-part-2-twitter/all/
Saw this on Yahoo board...
What the ????
Law360, New York (September 14, 2012, 5:42 PM ET) -- Seven Arts Entertainment Inc. slapped two entertainment industry executives with a $6 million suit in California on Wednesday, accusing them of breaching prior settlement agreements by falsely claiming they had distribution rights to rapper DMX's new album “Undisputed.”
Defendants Craig Sussman and Charles Gullo breached August settlement agreements with Seven Arts — which included a release of claims for a debt Sussman and Gullo were allegedly owed — by making “scurrilous threats” about Fontana Distribution LLC's Sept. 11 release of “Undisputed,” the complaint said.
William Gibson speaks of Neuromancer.
View the video, skip to start at 25:00..... Not the most encouraging comments.
http://io9.com/5943370/why-william-gibson-thought-neuromancer-was-a-ludicrously-optimistic-book
Agreed!
3.
Approval Of Revised 2012 Stock Incentive Plan. To authorize the Board to increase the number of shares of the Company’s common stock issuable in the Company’s 2012 Stock Incentive Plan from 500,000 to 10,000,000. ?????????????????????????????????????????????????
Let me understand.... Our shares R/S 1/70 and they want to increase their number of shares for an Incentive Plan..... Where's our incentive? OMG!
Public Opinion?
Has Seven Arts Entertainment mislead investors with their PR's over the past 18-24 months?
Did NASDAQ and the SEC react responsible on behalf of investors?
Did Seven Arts Entertainment mislead NASDAQ with potential future company performance to even get the 6 month extension?
One would think that somehow they showed NASDAQ evidence that they would meet $1.00 yet 6 months later, we were under .03......
Was the approval for a 1/70 R/S approved by a proxy vote?
Are they a candidate for a Civil Action Suit?
You would think since Neuromancer is supposed to film in Canada they'd be there....
Toronto Film Festival.
The Toronto Film Festival started Sept 6th? Anyone know if SAPX is attending?
I'm reading on another board, that someone that drove to the office for the meeting is claiming that the meeting has been cancelled and no known date for reschedule... WHAT????
I am more interested about your earlier post today about something in the "Billion" range you posted on Yahoo, which seems to have been removed.
Yes it does... but when I looked at the last 5 trades per NASDAQ they all showed .99. So, not sure if it's rounded up or what is going on.