Seven Arts Entertainment Inc (SAPX)

[sbc357]

Peter has run this so far into the ground with all the dilution, shareholders' only hope is that somebody SOMEWHERE can find some benefit they can gain from buying this company outright and trying to manage it correctly. Now, as badly as Peter has left SAPX with all the lawsuits and fuzzy deals that just give equity of the company away to whoever Peter has dealt with and whoever might have a friendly connection with Peter, I'm not very confident that there is someone out there can see a value in owning this POS; but maybe.
One can hope.
The one bit of information that I see that can help with this hope is what MT has pointed out many times. Why in the world would a company pay off huge chuncks of its debt if it were going to just let the company go bankrupt? However, again someone else posted, that Peter may not have had any choice due to certain lawsuits that required specific payouts - not sure how this all works. If that is the case, then we are definitely cooked.
All the myriads of lawsuits and people unhappy with Peter, along with all the fuzzy deals, makes it too difficult to figure out whether MT is correct or the other poster.
I'm back to only a very SMALL core position because my concerns of BK and/or a trading halt have just gotten too strong that I do not want to risk too much here until some INFORMATIVE piece of news (that would involve putting out some SPECIFIC DETAILS OF what is happening with the money here) is released that will give us some solid information regarding the stability of this POS.