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me too iam out of this crack i admit that i lost tons of money ,,and i will recover but promised my self to not trade garbage stocks like this any more ...by the way it was my biggest loss in my entire investment,,,GL all
Peter Hoffman, Chief Executive Officer of Seven Arts, said, "Seven Arts had little revenue in this quarter as 'Pool Boys' was released in the previous quarter and the release of 'Drunkboat' and 'Nine Miles Down' is scheduled for the Fourth Quarter. We also expect our first releases from our new record subsidiary will be in the Fourth Quarter. We have continued our program of debt reduction and have reduced film and production loans by $5 million to under $6 million and reduced our other liabilities by $2 million to under $7.5 million from the amounts at our last year end. Our overhead expenses were higher than customary due to what we believe are non-recurring legal expenses. Stockholder equity continues to increase and will increase by another $2 million in our Third Quarter based on stock issued in this quarter to date. We expect to announce closing of the acquisition of David Michery's music assets including two existing DMX albums this week. We continue on the business plan as outlined in our earlier communications with stockholders and are optimistic about our prospects."
Come on now this has to mean they are on there way up. If the can bring in $1 million on "Pool Boys" They can bring in something on Winter Queen and the Two DMX Albums. PLease at the end it marks positive news.
10q should be filed at Friday close
Lets just see what comes out of Berlinale..
Who knows what will come of this film festival, and what will even be released as news, and not just more rumors to add to the ever growing bag of hopes and dreams.... My sentiment stays strong as a BUY as it has from the beginning. A reassuring PR would be nice though. Berlinale could go either way for us, is it an opportunity for Mr. Hoffman to present some news/ upcoming production plans/ Neuromancer cast?? Or maybe just another field trip?
Either way, big things are going to happen in the near future (before end of month) Either they be good or bad, the good here definitely outways the bad. IMO
why should it go to low 20s whats the reason.. its going fill for a bankruptcy or u just talk out your mouth...or u should be an insider.. be logic guys.............
there is no way to be delis-ted,,company with huge projects and worth $4.00 a share i dont thin so, but waiting for some news when they e-mail it to me i will let you guys know......
SAPX Hoffman Peter Miles insider purchase $$$ read...
http://www.secform4.com/filings/1408276/...
According to http://www.drpennystock.com/
main page:
"SAPX – It’s trading sideways, a breakout of the MA50 is possible soon, hold
CURRENT PRICE 0.3, at support, 0.29 ± 0.03, type triple, strength 9
RESISTANCE ABOVE +23.3% at 0.37 ± 0.04, type triple+, strength 10
+53.3% at 0.46 ± 0.04, type double, strength 4
+150% at 0.75 ± 0.07, type double, strength 8
+230% at 0.99 ± 0.1, type single, strength 1
+277% at 1.13 ± 0.11, type double, strength 2
+990% at 3.27 ± 0.32, type single, strength 5
$600 Million estimated revenue SAPX 1-Feb-12 01:35 pm
Keep buying
From: Kurtis Gustafson [mailto:kgus79@yahoo.com]
Sent: Friday, February 03, 2012 11:21 AM
To: Peter Hoffman
Subject: Concened Investor
Dear Mr. Hoffman:
I am writing in regards to your company's recent share price and activity. Over the last few months Seven Arts Entertainment's share price has had an extreme volatile move in its share price. One day of large percentage gains, followed by a day of large percentage losses. In your last letter to the shareholders, you stated that your company was looking into the recent trading activity and were going to investigate. That was back in September and it appears that the same trading pattern is continuing to happen and we have not heard any follow-up on the investigation. I believe the shareholders deserve an explanation.
In addition, the March 1 deadline is approaching closer and it appears that the stock will not reach the required dollar mark for ten consecutive days by then. There appears to be events in the pipeline that may change that, but those appear to be many months away. People are blaming dilution for the stock's recent struggle. Your company is acquiring new assets, but financing these acquisitions through shares of stock. The shareholders have been very patient through these processes, but I feel we do deserve an explanation on the recent trading activity and steps that will be taken to avoid a possible de-listing. I know you are a busy person, so at your convenience can you please shed some light on the matters. I thank you for your time and will be awaiting your response.
Sincerely,
Kurtiss Gustafson
RESPONSE: Michael, please respond. We are filing for a six month extension permitted by NASDAQ and do not believe there will be a de-listing.
me too .............
Penny Stock Update: SAPX
i think sapx will recover on Thursday coz we have support around 33-34 and resistance around 47-48...but the big day is going to be Friday during market hour or after market
No one can stop SAPX now, it will be above $15 by end of year.
SAPX currently has a market cap of only $7.3 million when they just raised shareholder equity at the end of the last quarter to $14,632,642 up from shareholder equity of $7,958,150 at the end of the last fiscal year!
SAPX has a book value of $1.31 per share!
A larger company in this industry Lions Gate (LGF) just reached a new 52-week high last week of $9.60 up from being only $6.17 in August!
Take a look at SAPX's one month chart... it has been starting to breakout big in recent days:
i agree big time
DJ Seven Arts: Terms Of The acquisition were not disclosed..SAPX
Seven Arts Announces Execution Of Definitive Agreement To Acquire Michery Music Assets
they are back lets listen
still waiting for the interview their having technical problems
they having technical problems so we have to wait.....till it solved
ya it will star in 10 min the link ishttp://player.warpradio.com/CRN/index.asp?id=13919
they are talking
About 30 minutes before fireworks folks, get a seat and keep your trigger finger ready
if ur thinking of buying a piece ok u can sell now,,,but if ur trying to buy x6bmw then u have to wait till $7.59
he will..i said it yesterday that today is the big day for sapx
Peter hoffman may annouce the actor neuro
the big day is tomorrow and wasn't even today,,,,
something is going to happen today///Neuromancer news out today
add this one too hgsi
sapx will open solid or about .39 and playing the day around .37&.46 but the close might be around .42-.44...
no just take a good look at this company ,,,no mater what it should hit .48-.50 this week and the big and huge run is going to be by the first quarter of 2012 by (1.68-2.10) see you their .......
tomorrow back to 42s and up::))