Replies to post #24011 on Seven Arts Entertainment Inc (SAPX)

[johnnytrader33]

No sorry every stinky pinkies excuse for massive dilution is to pay debt. It's a load of crap. It's reckless spending by a crooked CEO who put the company in this much debt to begin with. They have nothing going no real revenue to speak of. It's called a share selling scam. Oh wait another paid promotion so mr Peter Hoffman can sell more shares! Peter needs to be investigated by the SEC. What he has done with this company is crap and shareholders get left holding the bag. Dilute dilute dilute till he can dilute no more. Rack up more debt with loans reverse split rinse and repeat....SCAM

[bassilious]

Financial look good and pr for yesterday is ready to go ! Should be moving up soon

[lowhangingfruit]

Only if you are not caught in a spiral of more debt for the last debt

SAPX Balance Sheet clearly shows
- out of cash
- new debt not enough to retire old debt
- increasing debt conversions
- no investment in revenue generation

*IF* SAPX was profitable and was converting debt to equity to improve interest cover or invest in revenue creation, then, yes, it would be a good thing