If in fact LGF puts out news in a joint PR, SAPX sitting at a ridiculous market low market cap, this thing could get bonkers with the opportunity presented to a broader market in the NYSE.
Over 1.1 billion shares accumulated since 12/2/22.
No share issuances in a year.
A CEO in Jason Black(with ongoing health issues) who has a drive to slap GS in the face showing what an actual multi million dollar deal looks like before he departs.. as theyve been actively embattled in court since 2016 of an ongoing accruing debt of $2.5 million. SAPX has been hinting that matter may be handled in short order via a Nov 9th tweet by the company.
SAPX has inventories and also outstanding royalties that have been tied up in ownership battles for along awhile as well.
Whatever SAPX has lined up for sale, it appears LGF has interest and is willing to put a PR out about it. Maybe an LOI or definitive agreement cometh? Nothing on subsequent events for SAPX Q4. So whatever it is has been negotiated in 2024. If a PR/8k isnt out before and nothing is in the Q1 2024 filings with some kind of agreement verbiage.. thats when Id be suspect.
Thom Haezart might have been the glue that brings it all together with his many industry connections.... we shall see what they have in store for what looks to be an anticipated week. GL to all.
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