Seven Arts Entertainment Inc (SAPX)

[Kart84]

It was paid for in Preferred shares 5M at a conversion price of $1.10 now and another 5M after they have recieved $5 million in revenue from the assets. So this is not dilution due to the music business. I think they are giving shares to clear up one of the Arrowhead legal actions but do not believe they have been issued yet. This is just selling due to the uncertainity of the delisting and panic/disappointment over no big pop with this news. I am not surprised this information has been around for awhile and has already popped twice on the same news. Also Peter did not do anyone/shareholders any favors by releasing the Preliminary 14F.
On the positive side March 13th is only a week away so we may start to see some revenue very shortly.