Seven Arts Entertainment Inc (SAPX)

[wEaReLeGiOn]

Oh goodie, more dilution coming to SAPX.

I think this may push SAPX under 20 cents in the short-term, along with the impending delisting to the OTC March 1st.

Oh to be a master trader cooling my heels elsewhere..


PROCEDURE TO REGISTER SHARES IN THE UNITED STATES
JAN 28, 2011
SEVEN ARTS PICTURES PLC ANNOUNCES PROCEDURES FOR CREST SHAREHOLDERS TO REGISTER SHARES IN THE UNITED STATES
Hollywood--(Market Wire)-- Seven Arts Pictures Plc (“Seven Arts”) (NASDAQ:SAPX) announced today that all shareholders formerly holding shares on the Crest System in the United Kingdom may register their shares with the new transfer agent, Interwest Transfer, for later transfer of those shares to the electronic transfer system in the United States known at DTC.