Seven Arts Entertainment Inc (SAPX)

[wEaReLeGiOn]

Listed stocks trading under $5.00 are not margin-able, therefore not able to be shorted, at least easily. Anyone wanting to short SAPX shares would be looking at huge premiums to accomplish that task (somewhere in the order of a couple of bucks a share). It is extremely unlikely that any significant short position has been taken. Historically SAPX has never had any significant short position.

The FTD's that Hoffman is bemoaning are easily attributable to restrictive legends being removed and added to the float.

This "buyback" nonsense, mixed with a conspiratorial "naked short" is just that, nonsense. Hoffman is at his wit's end, and is reverting back to the Pinky slime-bucket CEO that he actually is, that's all.

I'm not trading it at all, as there is too much risk that either the DAQ will halt it again, or perhaps even the SEC will step in and close it down. The reverse split is only a few weeks out now also, and delistment from the DAQ is a certainty.

Good luck


So, what the hell are talking about. Any NASDAQ stock can be shorted. Why do you think they want to stay listed???