So the only way to read that is that they do again have sufficient shares to continue with debt reduction. It wouldn't matter anyway - they could have created new shares without the RS (they've only done it hundreds of times, now - they're very good at it).
I've been following this ticker for a long time, now.
I can tell you that what trips up day traders, again and again - for what it's worth I've seen you guys flock in before, quoting some technical or another - what trips you guys up is underestimating the number of shares this company has been willing to create and sell, and underestimating the number of shares they have waiting to put on the market. "it's thin!!!" -- no, it's not, because at any moment they can load up millions of shares. Thin doesn't exist on this symbol.
Selling new shares is the *only* revenue stream this company has.
The pattern seems to be this:
1) They pay themselves on credit, including all of the legal fees (they're laywers more than they are entertainment moguls)
2) They hype movies they never distribute (they've been finding investors for Neuromancer for years and years)
3) they create millions upon millions of shares, reverse split, and do it again. The code word for this dilution is "debt reduction" (the debt never seems to reduce, funny enough).
Right now, if they're smart, they're trying to figure out how to stay out of prison. That means that the likeliness of them doing anything that will generate profit is even lower - they are likely writing letters and going through the various appeals processes (and generating legal fees).
The moment there's any interest in the stock, they'll put a fresh new batch out there for sale. If they run out, don't worry, they'll make more. There's enough for everyone!
(I wrote this because I wished there was someone posting unbiased information when I first found SAPX, and I continue to watch SAPX because it's a massive massive train wreck that provides me with seemingly no end of entertainment).
