Seven Arts Entertainment Inc (SAPX)

[ICEVRE3]

The sad fact is, the CEO is a lawyer. I'm sure he's pre-planned for any potential legal action brought against him. I think it's obvious to everyone, (public/regulatory) that this entire operation is a giant fraud which does not operate to the objectives set forth in it's "business plan," nor to any degree described in it's financial statements (All in my subjective opinion). The problem is, it would take ALOT of time, energy, and resources to investigate this company and develop a case against said company and especially it's management. In my humble opinion, no charges will ever be brought and business will be ongoing per-usual. Although, this could ALL change if a group of people for whatever reason had a desire to commit their time, energy, and resources to the case, like say, students of law/accounting/finance.

I have debated with myself as to whether the company is actually doing it's best and has simply suffered bad luck/bad management decisions/bad business plan, but this doesn't seem possible or plausible. I don't think anyone, especially an educated lawyer with years of experience in this specific business sector could be that ignorant. There are ways of financing operations which do not involve putting all the liability on common shareholders.