Wednesday, April 03, 2024 3:12:01 PM
If you knew the history here, SAPX is not a case of an operating business, but a case where the CEO is trying to bring an old well established business back from the dead.(hence why the stock was trading in the low end triple zeroes) (Currently the ticker is not listed as a business but rather a shell)
He spent the early part of his tenure as CEO cleaning up the share structure, and STARTED building a studio in Atlanta.
He spent the middle part of his tenure as CEO fighting off public attacks both on social media and legal from George Sharp and his entourage..
He is now working on having the shell designation removed from the ticker and finally having a chance to actually rebuild the business.
Why the LIonsgate/Starz deal is small it is a foot in the door deal, that just may be something Starz could use after they split from Lionsgate.
To date everything the CEO said he was going to do, while it may have been slower then we hoped he has done. He like all business was also hindered by Covid.
When he finally get the ticker to an actual operating business level I am sure news will be delivered in a more professional matter.
Right now the company is in the middle of the ocean and the CEO is just sending out signals to keep reminding others that while you can't see them yet they are still out there working their way back to shore to deliver their goods.
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