Seven Arts Entertainment Inc (SAPX)

[deet49]

here the culprit IMO

("Seven Arts") today announced it has executed an agreement for the acquisition of all of the capital stock of Big Jake Music ("BJM"), a newly formed record and multi-media entertainment company, for $5,000,000 of convertible preferred stock, convertible into common stock at a premium to the market price at closing, and which is not subject to conversion for agreed periods of time.

so this way when they close the deal above market they will get many more shares and when the stock price goes back above $1 they will infact have more like $20M for thier $5M deal thats where the real crime is being comitted ladies and gents