Seven Arts Entertainment Inc (SAPX)

[Hi_Lo]

No viable facts on why Lionsgate or Starz can't make some kind of a deal with SAPX

The "viable facts" are that the Lionsgate "deal," which is BS to begin with, is supposedly predicated on SAPX getting SEC registered by getting up to date with all of its missing audited financials and also getting a Form 10 approved by the SEC/FINRA.

SAPX can't do that because it's SEC delinquent, in violation of FINRA Rule 6490, has a SEC restriction on any SAPX corporate actions (such as a merger) approval because
It has missing financials from 2015 - 2019. Not only that but SAPX doesn't have ANY audited financials.

https://www.accesswire.com/851909/seven-arts-entertainment-inc-announces-multi-million-dollar-revenue-merger-and-up-list-developments

In addition to this preliminary Agreement, Seven Arts and representatives of Lionsgate have initiated discussions to further develop assets, with a particular focus on the burgeoning Atlanta, GA market, which has been home to Seven Arts since 2021. Currently, Lionsgate is undergoing a restructuring, with an emphasis on its Atlanta studios endeavors, which is expected to generate an additional trading symbol. The Company has agreed to withhold efforts to pursue joint news releases until such time that Lionsgate completes this transition.
LIONSGATE STUDIOS TO LAUNCH AS A SEPARATELY TRADED PUBLIC COMPANY (yahoo.com)

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.

No wonder this Lionsgate "deal" isn't mentioned in the most recent SAPX financial statement. It's because it's all BS.





Those are the "viable facts" with documentation. Not to mention the long history of the Mark Miller, Jason Black and Jason Tucker scams I've posted about.