Seven Arts Entertainment Inc (SAPX)

[sbc357]

MT is NOT going to support a bid at that price point.
All he needed was to get the price up enough to sell a chunck for some reason today, and that is done - the price will now continue to settle until another trader with Volume power, (or MT himself) decides they want to extract some funds.
OR until we get some news (could be good news but just as well may be really bad news).

For what it is worth, I'm getting a strong feeling that the "Peter getting ousted" and a merger are rumor and ONLY RUMOR.
Do not expect that rumor stuff to come true after seeing MT giving up on .02 today. It took a whole lot of effort to just get the price back up to .01 so he could sell some in the .009s.

SAPX is starting to smell VERY familiar again - very fishy!