Replies to post #40462 on Seven Arts Entertainment Inc (SAPX)

[THEBROKE1]

how many people are they going to appoint to the same position. 2 presidents to samt.

[infiniteloop]

In case people missed it:

Prior to the reverse split and common stock allocation, Seven Arts did not have sufficient unissued and unreserved shares of common stock to continue its debt reduction program.

In other words, "we had to RS so we could dilute more."