Replies to post #23430 on Seven Arts Entertainment Inc (SAPX)

[AugustaFriends]

Funny no one talks about it-- People should know stuff like this before they buy

[AugustaFriends]

the A/S is 250Million here is the link

Our Articles of Incorporation were amended to increase the authorized number of shares of capital stock to 250,000,000. This amount is designed to meet the needs of the Company for business and/or financing purposes in the future.

http://finance.yahoo.com/news/seven-arts-entertainment-ceo-issues-140000896.html

[Manti]

It was part of the last shareholder vote. They approved the 10:1 RS and raising the AS to 250M, in addition to approving the issuance of more shares at below market prices...