Seven Arts Entertainment Inc (SAPX)

[sbc357]

I think you are probably right. However, Peter has been promising a shareholder letter for three and a half weeks now, even released a PR stating it would be out at the end of last week. With that kind of uncertainty, those PRs are just fuel for the fire for people wanting to short this. Heaven help those long, (including me) if he does not release the financials by Fri, as he also stated that financials would be released by the end if this week in that PR. If financials don't show by Fri -> That will be when we see the 20's again.

Never know, maybe he is purposely pouring fuel on the fire by saying something will come out and not putting it out, so that the shorts will get overconfident again and he can catch them with the flames. Nothing like burning shorts for a company that has had shorts degrading the value of the comapny for the last few months.

Then again, gotta wonder how much more dilution we will see in the share structure part of those long-awaited financials.