Seven Arts Entertainment Inc (SAPX)

[sbc357]

That is exactly how I read it.
Has shown to be the case several times in the past: Peter assures me or some other shareholder that the company IS NOT DILUTING NOW, but then an S-8 or 8K comes out a month or so later showing how some lending entity was given MILLIONS of shares at a discount to what it had been trading at the month before.
Total word-play, which is really the only thing lawyers do - manipulate words.
Can anyone here define "IS"?, LOL
or better yet, "Tax"? That's a real doozie when you use the synonym "Penalty".