Seven Arts Entertainment Inc (SAPX)

[sbc357]

Yes Peter is working hard
Yes I was surprised that he FINALLY returned my call, out of the blue. I had not called him for two days. (I had been trying to talk to him for 3 weeks - thus the "WOW!") So, he confirmed that he was not avoiding shareholders.
He IS working hard. He IS expecting positive outcomes. I was very glad to have re-filled so I could take advantage of the run-up. Which I did, TY very much.
Now, it is time to come back to reality lost child.
However, he did not tell me on that call that he was NOT REALLY going to release the shareholder letter by last Fri as stated in the PR they put out. When that letter again did not surface, that tells me they are still NOT READY to fill us in on what they are doing - thus time to be nimble until they do provide information.
"They still expect positive outcomes" does not necessarily mean shareholder value will be above .50. Shareholder value being the operative term here. He does believe there is a much higher book value, but he CANNOT tell me how much of that has been utilized in deals until he releases a public statement telling all shareholders. And the real factor smacking us all in the face is
THEY ARE NOT READY TO TELL THE SHAREHOLDERS for some strange reason.

A wise person would be very cautious when a company finds it necessary to keep such information SECRET for so long while the stock price continues to wane or decrease. No matter how hard they are working, and no matter how much they want to promise nice things are to come, and no matter how many times they say shareholders will be happy, IN THE FUTURE. Such statements are all relative and subjective and really provide no sustantive information at all.
We have no idea how far out IN THE FUTURE that is for shareholder value. AND we have no idea how much of that value has been retained. Something we will only know once the deal details are released.

So, What's your point?