Replies to post #17013 on Seven Arts Entertainment Inc (SAPX)

[nhden]

Thank you. I also read it that way too, but such bad timing on a stock that has been this volatile.

[CaptainFreon]

Maybe, but what does HOFFMAN read into it. What about all the brew-ha-ha with his interviews and promises. and on and on! You people can do what you want...

But...

If it walks like a duck, and quacks like a duck, well..... golly. Must be a duck, huh?

If it's a duck.... I don't think it's gonna become a swan based on wishful thinking.

Hey, I am out many thousands of dollars. gone up in smoke on that last R/S. And just a heads up.... He had my new post R/S shares on lockdown for near a month while he was converting millions of shares at the new R/S prices! Satureating the market with converted shares while bag holders like me got jabbed without lube!

[sbc357]

Big problem with your #1 there:
If you read the filing it states that they are already diluting and continue to dilute daily over and above the AS count that we currently have.

We have issued or agreed to issue convertible securities which would, if converted, require issuance of 16,363,636 shares of common stock which is more than the current authorized capital stock under our Amended Articles of Incorporation.

From what they are saying; There will be no delay in dilution.
Thus, your statement that
Increase of A/S will not be immidiately be in effect and thus we I don't think more dilution will be coming in a near future.
is a bit misplaced, because they state:

Our Board of Directors is currently contemplating initiating a private offering, exempt from registration pursuant to the provisions of Regulation D, with one or a limited number of third-party, accredited investors. It is possible that we will have initiated and/or closed such a potential offering by the time of the Annual Meeting, although such a potential offering may not occur at all. The contemplated private offering (the “Potential New Offering”) may consist of shares of either common stock, convertible preferred stock (“Convertible Preferred Stock”), convertible debt (“Convertible Debt”), and/or warrants to purchase common stock, aggregating up to 15,000,000 shares of common stock, to a limited number of third-party, accredited investors (the “New Investors”), and a number of common stock purchase warrants (the “New Investor Warrants”) that would entitle the holders to purchase additional shares of our common stock. If initiated, the Potential New Offering will be made on terms deemed acceptable by our Board of Directors, which may include a Convertible Preferred Stock or Convertible Debt conversion price per share and a New Investor Warrant exercise price at below the greater of a share of our common stock’s book value or its market value at the time of issuance.