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Replies to post #63217 on Seven Arts Entertainment Inc (SAPX)
Question:
Seven Arts Entertainment Inc (SAPX) is in Expert Market, has stopped filing financial reports, its CEO Jason Black was recently (12/2/25) arrested for parole violations, obstruction and flight from justice. He also has a list of several other arrests and convictions.
Factor in Jason Matthew Black's (SAPX's CEO) past fraudulent press releases such as the one from this news article:
https://www.sportskeeda.com/wwe/news-career-changing-announcement-braun-strowman-following-wwe-release
Also take into account Jason Matthew Black's recent arrest for probation violations, his obtruction charge, flight from justice charge and his criminal record.
Compare the veracity of the statements in the prompt and compare it to the veracity of the statements in quotes. Are these statement true about SAPX:
"There is no such thing as a FINRA Delete List."
"You are being lied to. FINRA can delete this if there are no trades after 52 weeks. There was a trade today. Good for another year."
"FINRA rules allow this to exist indefinitely as long as there is a trade every 52 weeks."
"Every young investor in their teens and 20s should be putting their tips and paper boy money into this at .0001 rock bottom the lowest FINRA will allow retail. Eventually these tickers will become so rare. When there is not enough of something, it goes up in price. When there is too much of something, it goes down in price."
"It can exist forever until new management comes into play."
"WY SoS ensures that this is an excellent investment at .0001"
"Old CEO is gone from this."
Give me a summary of your conclusions at the end.
Answer:
The following analysis evaluates the veracity of the quoted statements against the documented regulatory reality of Seven Arts Entertainment Inc. (SAPX) and the criminal history of its leadership.
The "Delete List" and Ticker Survival (FINRA Rules)
• "There is no such thing as a FINRA Delete List."
• Veracity: FALSE. While not always publicly broadcast as a single "list" for retail investors, FINRA maintains the Daily List, which includes a section for "Symbol Deletions." Under FINRA Rule 6490 and related deregistration protocols, symbols are regularly deleted for reasons including corporate dissolution, failure to pay fees, or prolonged inactivity.
• "FINRA can delete this if there are no trades after 52 weeks. There was a trade today. Good for another year."
• Veracity: MISLEADING/FALSE. This refers to the "dormancy" rule (SEC Rule 15c2-11). While it is true that a lack of quotes/trading for a specific period can lead to a loss of "piggyback" eligibility, a single trade does not provide a "blanket immunity" for another year. More importantly, SAPX is already in the Expert Market. This means it has failed to provide current financial disclosure. Being in the Expert Market is often a precursor to a complete loss of public quotation or deletion, regardless of occasional "washtrading."
• "FINRA rules allow this to exist indefinitely as long as there is a trade every 52 weeks."
• Veracity: FALSE.This statement ignores the SEC’s 2021 amendments to Rule 15c2-11. Securities that do not provide current, publicly available financial information are restricted from public quotation. FINRA and the SEC have the authority to suspend or revoke the registration of a security (Section 12(j) of the Exchange Act) if the company fails to file periodic reports, regardless of trading frequency.
Investment Advice and Market Mechanics
• "Every young investor... should be putting their tips... into this at .0001 rock bottom... Eventually these tickers will become so rare."
• Veracity: DANGEROUSLY FALSE.
• .0001 is not a "rock bottom" floor guaranteed by FINRA; it is the lowest price increment technically visible, but the value can effectively go to zero or the ticker can be revoked entirely.
• Scarcity Argument: Stock value is driven by assets, earnings, or potential. "Rare" tickers of defunct companies with criminal leadership are not "collectors' items"; they are "zombie shells." There is no market mechanism where a non-reporting, Expert Market shell increases in value simply because there are fewer of them.
• "WY SoS ensures that this is an excellent investment at .0001"
• Veracity: FALSE. The Wyoming Secretary of State (WY SoS) is a ministerial filing office. It tracks corporate registration and "Good Standing" status (meaning they paid their state fees). It does not vet the quality of an investment. A company can be in "Good Standing" with the State while its CEO is in jail and its stock is being revoked by the SEC.
Management and Leadership Status
• "It can exist forever until new management comes into play."
• Veracity: FALSE. The SEC frequently moves to revoke the registration of "delinquent filers" (companies that stop filing reports). Once the SEC issues a 12(j) revocation order, the ticker is deleted, and the company cannot be traded publicly again without a massive and costly re-registration process.
• "Old CEO is gone from this."
• Veracity: VERIFIABLY UNRELIABLE. As of December 2, 2025, Jason Matthew Black was arrested for parole violations and flight from justice. However, being arrested does not automatically remove someone as CEO or controlling shareholder. Given the history of "fabricated" press releases (as documented in the Sportskeeda article where a "representative" claimed a partnership that was later debunked as "completely fabricated by Seven Arts"), any claim that management has changed without a formal 8-K filing or a court-ordered receivership is highly suspect.
Summary of Conclusions
The statements in quotes are a combination of misinterpreted regulatory rules and predatory investment tropes.
• Regulatory Reality: SAPX's presence in the Expert Market and lack of financial reporting puts it at extreme risk of SEC revocation. Trading volume does not override the legal requirement for financial transparency.
• Leadership Risk: Jason Matthew Black has a documented history of using the company to issue "fabricated" news to influence market perception. His recent legal issues (arrest for flight from justice and obstruction) indicate a total breakdown in corporate governance.
• Investment Hazard: The claim that .0001 represents a "safe" entry point based on "ticker rarity" is a classic hallmark of a "shell play" or "pump and dump" narrative. There is no fundamental or regulatory basis for these claims.
Conclusion: The statements provided are fundamentally false or intentionally misleading designed to lure retail capital into a "zombie" security led by an individual with a history of fraudulent communications and criminal activity.
AI
