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infiniteloop

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infiniteloop

Re: 21ZNA9 post# 40462

Tuesday, 05/14/2013 10:23:54 AM

Tuesday, May 14, 2013 10:23:54 AM

Post# of 57885
In case people missed it:

Prior to the reverse split and common stock allocation, Seven Arts did not have sufficient unissued and unreserved shares of common stock to continue its debt reduction program.



In other words, "we had to RS so we could dilute more."
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