Seven Arts Entertainment Inc (SAPX)

[sbc357]

The CEO, Peter Hoffman, is a scumbag - He lies, steals, cheats, backs out on deals, whatever he can do to trick someone into giving him money for a business deal and then he doesn't follow through with his part. Many links have been provided with extensive numerous examples of lawsuits brought against Peter and SAPX for such reasons.

He basically does the same with SAPX stock: tells investors he is going to make something happen to bring value into the company so that they will jump in and invest, and then he dilutes the hell out of them making their investment worthless. He then splits the stock taking all remaining value away from the shareholders.

So, One of the main reasons no one wants to buy SAPX stock, and thus why it has dropped so precipitously tha past two years, is because of this scumbag CEO.
RUMOR has it that some banker has come through with some deal that has ousted the CEO and that he will no longer have control over the stock, and that there is some kind of merger on the table - those are a couple of the reasons this is seeing some share price appreciation finally, in addition to some other issues (one being that the OS count has been maxed out for the time being and Hoffman cannot dilute the hell out of for a bit).

You have to evaluate if that is good enough to make this share price go up.