Replies to post #42696 on Seven Arts Entertainment Inc (SAPX)

[infiniteloop]

The way I read it they have 200M outstanding common shares, they are authorized to go to 250,000,000 without any additional votes.

They have a deal in the works that requires them to dilute 72,000,000.

The vote is to give them athorization to go to 500,000,000 which will allow them to complete the pending 72,000,000.

There was nothing indicating - that I saw - that 50,000,000 of the 72,000,000 could not begin to be released before the meeting.