Replies to post #16449 on Seven Arts Entertainment Inc (SAPX)

[idew123]

Aren't US markets closed on President's Day? It was on September 22, 2011 that SAPX received the notice from NASDAQ. That's probably where confusion comes up with March 22...it's 6 months from Sep 22, but the link does state March 1st.

http://www.7artspictures.com/news/view/57

One thing I noticed on this page is the last paragraph.

"Finally, Seven Arts intends to issue a letter to its stockholders by the end of next week to address the recent trading of its stock. Seven Arts expects to release its earnings for the fiscal year ended June 30, 2011 within two weeks."

Wow, when CEO knows when he's releasing something, there are concrete dates listed. Otherwise, this released the end of November.

http://www.7artspictures.com/news/view/71

"In particular, we have made substantial progress in arranging the financing for our upcoming production of 'Neuromancer,' based on William Gibson's landmark novel, to be directed by Vincenzo Natali. We expect announcements soon of the attachment of major creative elements to this exciting production. We have entered into and expect shortly to close an acquisition of the music assets of David Michery, including the major recording artist DMX, to add to our acquisition of Big Jake Music, which we anticipate closing shortly. We expect major developments in our business in the balance of our fiscal year."

Have they closed Big Jake Music, yet? That was to be done shortly.

[TraderUsa]

Counting from the day on February 17, are 9 business days. The 20th is a holiday. Are required to request an extension.

GO SAPX, have 6 months to get the $1!

[sbc357]

No, Legion,
Evidently you forgot that the 20th is Presidents' Day, therefore, NOT a trading day so is not in the count of 10 TRADING days. The price had to get above $1 TODAY in order to meet the minim bid requirement for 10 consecutive TRADING days by March 1

[MASTERTRADER]

Shareholder's Equity is over $17 Million, all they need is 5mil to qualify for the second extension.

Keep missleading the herd, OI just love to buy cheap....

[waycool4u1415]

im not making up crap about this. I spoke to Sharon Weinstein today (part of the PR firm) and she said that March 1st is NOT the date that they need to have the shareprice above $1 for 9 consecutive days prior to that date and the 10th one being March 1st. She said it was March 21/22. I do, however find it annoying and unprofessional that she doesn't know the exact date, whether its the 21st or the 22nd.