Seven Arts Entertainment Inc (SAPX)

[sbc357]

Actually, to me the telling part is this:
In addition, on September 22, 2011, Seven Arts received a notice from NASDAQ stating that the bid price for our common stock was below $1.00 for thirty consecutive days. Seven Arts is otherwise in compliance with NASDAQ listing maintenance standards. Seven Arts will have until March 1, 2012 to maintain a closing bid price of at least $1.00 for ten consecutive trading days for continued listing on NASDAQ. If Seven Arts does not meet that goal by March 1, 2012, it may apply and would expect to obtain a further 180-day extension to meet the trading price requirement of NASDAQ.

What that tells us, is that they meet the capital requirements for NASDQ but the share price is the issue with meeting the requirment. In my experience, if a company meets the market cap, and revenue requirments for listing, but their share price is too low, that sets up a great scenario for the company to do another RS. I am EXTREMELY concerned here with them just giving us a shadow of the information - a shadow of things to come.