SAPX‎ - Seven Arts Entertainment - Page 2

long weak trend continues to start the week

another new closing low as the weak trend continues ...has tightened up some...at least as far as the opens and the closes go the past few days

testing .08s now...weakness continues

didnt look like that would hold...
.07s now

But DMX's new album drops tomorrow?  Hah I don't know how many people are gonna jump on it, but I heard one song off of it that features Snoop Dogg and is produced by Dr. Dre.  That alone is enough to sell some records.  

where to you think it will end up by weeks end.....

The Moon.

sounds good to me.

up a hair today,lets see what next few days do.....

got pushed back to june

over in yahoo boards im thinking they ready to run this thing up...do they have the goods to stay there, I dont know,I sceen this happen alot.they are getting ready for something down the pipe...........

not a good report

Seven Arts Entertainment Inc. Announces Third Quarter Fiscal 2012 Financial Results and Release of DMX Singles and Albums; Seven Arts Also Addresses Recent Stock Issues and Trading of Common Stock
22 hours 5 minutes ago - Marketwire via Comtex
Seven Arts Entertainment Inc. (NASDAQ: SAPX) announces its financial results for its fiscal 2012 third quarter and nine months ended March 31, 2012. Year-over-year comparisons refer to results from the Company's listing predecessor, Seven Arts Pictures PLC. Effective August 31, 2011, the Company became a fully reporting United States issuer upon the transfer of the predecessor's NASDAQ listing.

Financial highlights for the third quarter include:

-- Revenues were $188,000 for the quarter compared with $273,000 in the
year-ago third quarter as there were no new releases in the 2012
period, the majority of the income being for the films "The Pool Boys"
and "Nine Miles Down."
-- Gross profit was negative during the quarter as the Company amortized
100% of the revenue achieved and utilized certain media credits for
the first time for the release of "The Pool Boys."
-- G & A costs in the quarter were skewed by the set-up costs of the
music division ($279,000) being charged to Profit and Loss; otherwise,
there would have been a reduction compared to the previous year's
quarter as certain legal costs were assumed by PLC -- those costs were
related to PLC liabilities and the expenses related to the cost of
equity being raised were reflected as a reduction of proceeds versus
legal expense.
-- Net loss was $(1,586,000) or $(0.05) per share compared with a net
loss of $(973,000) or $(0.57) per share in the year-ago third quarter.
-- Production debt decreased to $4,921,000 at March 31, 2012, from
$10,890,000 at June 30, 2011.
-- $1,200,000 of existing Other Loans were paid or converted to equity
since June 30, 2011. $1,500,000 of new convertible loans were taken
out in the March 2012 quarter as the Company began gearing up for the
production of "Neuromancer" and "Winter Queen" and the launch of the
music company.
-- Stockholders' equity improved to $25 million (excluding the positive
effect of an additional $1.3 million of debt conversions post
quarter-end) compared with $8 million at June 30, 2011.
-- 19,300,000 shares were issued in the March 2012 quarter that retired
$2,200,000 of debt and $1,100,000 of other liabilities and raised
$600,000 of equity investments (restricted stock).

Film project development and creative highlights for the third quarter include:

-- Completed the formation of Seven Arts Music Inc.
-- Release of multi-platinum artist DMX's single "I Don't Dance" and
DMX's music video on "I Don't Dance."
-- Scheduled release of DMX's album "Undisputed" for August 28, 2012 and
the next two singles "Time To Get Paid" and "I Got Scared" in the next
six months.
-- Executed agreement with leading film producer Lorenzo di Bonaventura
for the Company's $60 million production of "Neuromancer" scheduled
for commencement of principal photography for next fiscal year.

Peter Hoffman, Chief Executive Officer of Seven Arts, said,

"Seven Arts had little revenue in this quarter as 'Pool Boys' was released in the first quarter and the release of 'Drunkboat' and 'Nine Miles Down' is scheduled for early next fiscal year. We expect our first revenues from our new music subsidiary will be in the fourth quarter. We also expect substantial revenues upon placing our affiliated production and post-production facility in New Orleans in service in the fourth quarter. We have continued our program of debt reduction and have reduced film and production loans by $6 million to under $5 million and reduced our other liabilities (accounts payable, accruals, participations and other loans) by a net $2.2 million to under $6.6 million from the amounts at our last year end. Our overhead expenses included organizational costs of the music company but otherwise would have been substantially below the prior year's quarter. Stockholder equity continued to increase to $25 million in our Third Quarter based on debt converted in the quarter. We continue on the business plan as outlined in our earlier communications with stockholders and are optimistic about our prospects."

but for now and til it proves otherwise its still in a long downtrend...with ocassional pops that are smaller and shorter each time then continuing to new lows...

I will keep eye on it, I dont know if they have the goods, think they are trying to pump this again...........thanks for the info..............

i am watching as well...not a believer but hey i'll be more than happy to make some bank on a quick flip if it presents itself

just eye ball it for now, I am not sure myself, see your from ny...........I was born and raised in buffalo ny............moved to kentucky with ashland oil 1982......I been a trader for 20 years.im new to penny stocks, but im learning.........thanks again for yourr input.........

cool...was just in rochester this past weekend...still an hr or 2 away tho ...wife was born in tonawanda but moved from there just a few months old...inlaws from Buff for a couple generations...

penny's can be profitable or they can kill you ...glty

I  grew up in river view heights in tonawanda.......... on taylor drive off rogers ave......your wife will know....lived at 50 taylor drive across from school.............moved to ky in 1982........ I go home twice year to see my brothers and sister my other sister lives in az phoenix area now................... all my family still lives in tonawanda and north tonawanda, buffalo area.......... ., small world.........your right about the penny stock my last big loss was from cshd . paul rufus harris deal.they took $28,000 on me.they are all in jail now.............on the penny stock I know its mostly a game, but I know people who made alot............. on my handle I came up with black diamond as I sell gems and stuff on ebay.........from time to time....... this stock trading thing is a hobby for me..I buy a dividend stock or add to my list each month......I look for the income each month.... this penny stuff im still new too.but im learning................. jack

cool...just know also that there are more losers than winners on any given penny stock and its momentum run...very rarely does it materialize into something more...people tend to get too attatched and fall in love with the company rather than just using the stock as a tool to make some money on...get in...get out...take your 10-20-50% or whatever and run away on to the next one ... ... in laws are Hamburg now

thanks for the info.. my grandparents are gone now but they lived in hamburg on parker road off big tree. in hamburg..........on the  penny stock  stuff I hear yea, my brother inlaw knew paul rufus harris of that cshd stock that was a scam that how I got in...........I see some making big gains  on some..mostly they sell off and then people who get the emails get in and they sell off and then you become a bag holder,only way to beat them at their own game is watch the charts and volume I would say.. and im still learning penny stocks, im going to call it a nite,,,,,,,,,happy trading to you.........hope we can become hot stock market friends.......  jack