Seven Arts Entertainment Inc (SAPX)

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Per inquiries: We are wrapping up our $SAPX quarterly report. Updates will resume once its filed.

— Seven Arts Entertainment (@SAPX_7arts) May 15, 2024

"Pursuant to ongoing merger negotiations, which requires the Company to provide audited financial statements, management has determined it is in the best interest of Seven Arts and its shareholders to expedite these expectations and rapidly execute on its previously announced intent to up-list to full SEC reporting. To that end, the Company is actively working with its audit firm".

What is the meaning of quiet period?
A quiet period is a set amount of time when a company's management and marketing teams cannot share opinions or additional information about the firm. The purpose of the quiet period is to preserve objectivity and avoid the appearance of a company providing insider information to select investors.

What is the quiet period in trading?
During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following: New deals or wins signed in that current quarter.

What is the quiet period before acquisition?
The Quiet Period, also known as the restricted period, refers to a designated time frame when companies are restricted from promoting or discussing their securities publicly. It is typically associated with key events such as initial public offerings (IPOs), earnings releases, and mergers and acquisitions (M&A).