Seven Arts Entertainment Inc (SAPX)

[ME93]

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

and prior to that, here: https://finance.yahoo.com/news/seven-arts-entertainment-provides-further-132000114.html