Replies to post #16458 on Seven Arts Entertainment Inc (SAPX)

[Kart84]

NO IT IS NOT THEY CLOSED UNDER 1.00 on 8/17/2011 and stayed below the dollar for 30 consecutive trading days(9/22/2011) at which point the non compliance letter was issued. They have 180 calendar days from the date of the non compliance being issued to reconcile the issue. THAT IS MARCH 22nd or maybe 21st. All you have to do is go the NASDAQ website and look at the date the letter was issued - really easy to find and you will see it was issued on 9/22/2011. I can not believe all the misinformation spread on this board.