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I was able to buy by calling Schwab to place a phone order (fees waived). Schwab will update their on October 1st (based on their monthly cycle).
Schwab never got to reversing their decision from the days prior to SAPX getting current. This is affecting demand and I couldn’t add to my position over the past couple of weeks. I emailed Jason so he can push from his end as well.
Schwab still blocking buys…
Seven Arts Entertainment Provides Update On Muse Media Subsidiary
Press Release | 09/20/2021
CHEYENNE, WY / ACCESSWIRE / September 20, 2021 / Seven Arts Entertainment Inc. (OTC PINK:SAPX), the "Company", is pleased to provide updates on its Muse Media subsidiary.
Muse Media has recently launched a new website: www.musemediaent.com.
As stated on its site, Muse Media is an Atlanta, Georgia based multimedia and entertainment company that offers label services and produces compelling original content for streaming distribution. Muse Media has developed a completely new outlook for the future of developing media and plans to revitalize a dying industry with an innovative approach to producing music, videos, and movies as well as redefining distribution, promotion, and access to content.
Muse will be primarily managed under the direction of Matt Bryant. Matt Bryant entered the film industry in 2016 producing a television pilot for the nationally aired television show "Rocklanta." Matt has worked on a number of music videos, commercials, and social media ads for top music artists, as well as 3 award winning short films, including "No Ringo" which was an official selection at the Cannes Film Festival.
The Company currently foresees Muse operating in several capacities. First, Muse will act as the Atlanta satellite of Seven Arts, allowing the company to coordinate seamlessly between Hollywood and the burgeoning Atlanta market for various production demands. Secondly, Muse will serve as a lower tier development arm for "indie" style production concepts, music "A&R", and test marketing. Film and music productions showing the most promise will then be advanced for further investment under Seven Arts. Finally, Muse will spearhead all social media initiatives. Hosting music videos, film promotions and podcasts through platforms such as YouTube, TikTok, Twitter, Instagram, Facebook and others.
Stated Seven Arts' CEO, Jason Black: "I'm very pleased with the progress Muse has made in a short time. We envision Muse as being very disruptive to the way film and music have been developed traditionally and establishing a new paradigm for a world that is in constant demand for fresh content."
Forward Looking Statements:
News releases (plural)!
Just Released:
“We've been making a lot of progress with $SAPX in the background. Looking forward to sharing our upcoming news releases.”
We've been making a lot of progress with $SAPX in the background. Looking forward to sharing our upcoming news releases.
— Seven Arts Entertainment (@SAPX_7arts) September 17, 2021
Thank you for sharing, zooey. Quick math based on the company tweet you posted:
Current OS (9/15/21) = 4b
Restricted Shares to be cancelled = 2.5b
OS after cancellation execution = 1.5b
Current MC (9/15/21) = $16.8m
New PPS value post-cancellation = $16.8m / 1.5b shares = $0.0112
Sources:
Current SS: https://www.otcmarkets.com/stock/SAPX/security
CEO promise to cancel restricted shares:
Per investor inquiry, $SAPX has not considered a R/S. We believe 2.5 billion Restricted shares as outlined in filings can be cancelled. Former management is actively trying to locate the original certificate, which was misplaced, in order to return for cancellation to treasury.
— Seven Arts Entertainment (@SAPX_7arts) September 16, 2021
Tweet:
“We previously said we expected to releases a $SAPX update midweek, due to it being a religious holiday in some circles we decided it would be fair to wait. Next update will be out early next week.”
Substantial impact implied IMO!
IQST – iQSTEL Revenue Increased 30% In August Totaling $41.23 Million YTD
3 minutes ago, 9:21 AM EDT
Via GlobeNewswire
Stocks mentioned: IQST
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New York, NY, Sept. 13, 2021 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQB:IQST) today announced achieving $5.7 Million in revenue for the month of August based on preliminary accounting. The August 2021 revenue exceeds the August 2020 revenue by 30%. The company has exceeded $5 million in revenue now for FIVE consecutive months.
The YTD revenue as of August 31st (8 Months) is $41.23 Million. Provided the company maintains the current revenue pace over the next four months, IQSTEL can surpass its $60.5 million 2021 revenue forecast.
iQSTEL Inc. (OTCQB: IQST) (www.iQSTEL.com) is a US-based publicly-listed company with an Independent Board of Directors offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 15 countries. The company provides services to the Telecommunications, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. iQSTEL has 5 Business Divisions: Telecom, Electric Vehicle (EV), Fintech, Technology and Blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, Global Money One, IoT Labs and itsBchain. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, international fiber-optic connectivity for 5G, Cloud-PBX, OmniChannel Marketing, EV Batteries, EV Chargers, EV Battery Management System, EV IoT Connectivity, Mobile App For EV Connectivity, EV Dashboard Display, Visa/Mastercard Debit Card, Cryptocurrency Exchange Services, Money Remittance, Mobile Top Up, IoT Smart Gas Platform, IoT Smart Tank Platform, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement & Payments Marketplace SPM (Blockchain Platform).
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
iQSTEL Inc.
IR US Phone: 646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc. and its subsidiaries: www.iqstel.com
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Great status summary. Hoping Jason B doesn’t respond to GS nonsense and focus instead on building SAPX’ value.
Good point GB… For the immediate future, yes. More importantly, we see it as a bellwether/early indicator for what’s to come.
Someone asked me for the source of the Hyundai sales numbers. Here it is: https://www.best-selling-cars.com/usa/2020-full-year-usa-hyundai-motor-america-car-sales/
If someone wants to do back of napkin math, Hyundai sold 178,844 cars in North America in 2020.
August penetration rates for Hyundai dealerships just came in at 50%…half of all new cars sold are using Nimbo Tracking service
Wow!!
August penetration rates for Hyundai dealerships just came in at 50%…half of all new cars sold are using Nimbo Tracking service
— IGEN Networks Corp. (@IGENngc) September 9, 2021
Seven Arts Entertainment Achieves OTC Markets Current Reporting Status
https://finance.yahoo.com/news/seven-arts-entertainment-achieves-otc-134500327.html
Great. Thanks for the info!
Still can't place a buy order on Schwab. I don't know how many brokers are only accepting closing transactions. We may have interested buyers who can't buy until brokers reverse their policies. If someone is in touch w/the company, please ask Jason to inform brokers. I will raise this w/Schwab.
Good to have you back on this board, Dempsey. AND you come back w/a bang. Great news indeed!!
Good for you, jaw. I tried to grab some cheapies, but the broker where I had some cash stopped allowing buys. Only liquidations.
The Quarterly is due tmrw
https://backend.otcmarkets.com/otcapi/company/financial-report/295533/content
Nice! Last call at these prices…
Current by Friday:
We had one very minor correction come back from OTC on the $SAPX filings. Already amended and re-uploaded. Should be current by Friday.
We had one very minor correction come back from OTC on the $SAPX filings. Already amended and re-uploaded. Should be current by Friday.
— Seven Arts Entertainment (@SAPX_7arts) August 18, 2021
Absolutely, Shane. Management deserves every penny/share they got. What an incredible journey over the past two years. Just compare where we are now vs December 31, 2020.
I appreciate the scrutiny, BUT perspective and trend are lacking. This is a fantastic report and I expect the best is yet to come!
The only thing I could find about these restricted shares is that they were registered for a prior CEO.
So far, Jason Black has come through in all his promises. Looking forward for realizing this one too as well as more news on progress in the company’s business.
Cancelling most of the 2.6b Restricted Shares is kind of like the company buying back half of its outstanding shares for zero cost. I like doubling the value of my investment!
Thank you for sharing, NotQuiteBroke. I particularly, like this part “Furthermore, the Company has modified its authorized share structure from unlimited to 4.5 billion. The new authorized is now also reflected on Seven Arts' OTC profile. The Company continues to work on further reductions of its outstanding share structure as well. There are currently 2.6 billion shares restricted from trading and Seven Arts' management is confident most of those shares can be cancelled. The Company would further reduce its authorized shares in conjunction with any outstanding share reductions.”
Hi, waterchaser. So far, the few names associated with ADSV in the last two 8-Ks, that we were able to research, seem to have verifiable history that was shared on this board. If you have evidence, please share with us. Thanks.
Delaware registration not updated yet. I’m thinking they may want to change the company name to one that’s more indicative of their new line of business.
I don’t see an NT-10Q has been filed. Looking forward to see the Quarterly Report on Monday. GL!
Quarterly to be filed by Friday, 8/20
https://backend.otcmarkets.com/otcapi/company/financial-report/295533/content
AS updated from unlimited to 4.5b
https://www.otcmarkets.com/stock/SAPX/security
Another milestone: Profile updated
https://www.otcmarkets.com/stock/SAPX/profile
Great news. Thanks for posting, jsw. Hopefully, OTCM has the staffing to quickly review the letter and filings to get SAPX to Pink Current. Also, waiting for AS to update from unlimited to 4.5b. All coming together nicely just in time.
Hey, waterchaser. It was a response to a question. Here’s the link: https://twitter.com/tdameritrade/status/1425548609731321861?s=21
Excellent timing! Welcome Gregg!
Fantastic news today. Good re-entry point for those who left before status changes to Pink Current on the OTCM site!
I think there’s concern SAPX May not be able to get Current in time due to OTCM backlog and brokers trying to beat the SEC deadline of Sep 28, by a month or so.
Given when the application was started by Jason (June 7) it is likely that Jason will gain OTCIQ access in time to become current IMO.