Seven Arts Entertainment Inc (SAPX)

[lowhangingfruit]

See how a PIPE fund works?
http://www.investmentbankingcenter.com/financing.html

A PIPE fund like IronRidge, perhaps

can't see any floors in the deal they registered, and if Hoffman is using their LIFE fund then the stock was issued between 90 and 120 days ago and is being pushed into market now

http://www.ironridgeglobal.com/life-program/

would that help explain the "trading strategies" and toxic dilution

would phrases like

"Within a year of their deals closing, dozens of companies with so-called “death-spiral” or “toxic” structured PIPEs had lost 96 percent,"

and

"In a typical death-spiral structure, a company issues convertible preferred stock or convertible debentures that convert into common stock; however, instead of being fixed, the conversion price changes based on how the issuer’s common stock performs after the deal is closed"

and

"PIPE investors had every incentive to pound the price of the common stock down after the deal closed so they could rake in more stock"

ring true here?