Seven Arts Entertainment Inc (PK) (SAPX) Share Price

"Ghost town"

Trader already on holiday?😊

I did stick a bid in yesterday morning for 15 million @ .0003. If anybody runs out of patience while we wait, I will take'm...

Just call me bobby bagholder. Avg down while you can for sure!!

I agree, but now is the time to buy in cheap/ practically free. I have averaged down a little so I'm a bag holder until news is out. Any movement up is all green for me. Place your bets folks.

Naked short 😲😲

I don't actually expect much here until after Lionsgate and Starz officially split up...

Slow accumulation is the game here. Seems there's a somebody in a short position.

Pps up, but no real volume

Looking good this morning..

Goog volume and pps up!

Brutal. Merry brutal Xmas.

Look at you, hero! Merry Christmas!! I know you're probably more of a happy holidays guy.

To safegaurd new investors from scams like this.

People should always be allowed to close out their positions if they want to.

But the less kniwledgeable always turn to or allude to conspiracy theories.

I think they should limit it to zero and people would lose less money buying these scams

ask yourself why they limit purchases and not sales

Smidge of buying yesterday...

Let's all just hope for that with $SAPX!! It will be a very Merry Christmas!

Nothing but green on L2 so far today.

Looks to me like we had a little tree shake yesterday in preparation of them moving the stock price higher. We shall see...

$SAPX

It's all one big counterfeiting mess. It will change, more than likely to our benefit 

Remember Game Stop?😲😊

Did not mean to offend. Just offered my opinion.

Hey man. Politely I will ask, please leave me out of your sarcastic comments if you don't mind

I have always been cool with you, yes?

Tell that to A dead horse and he will get up and kick you!

Sooner the better, but at this point a little more waiting won't hurt a thing...

That is what I thought last year about my other gem, before it rallied 1600% in December.

Surprise, surprise surprise.

Fidelity now limits bid/buy orders to only 100,000 shares of SAPX. They just showed us their hand, the short hand on several heavily shorted OTC stocks. We were able to ask slap 2-5 million shares at a time, with Impunity.

Fidelity is illegally doing this, claiming it is due to low volume, but they have no limit on sell orders.
So their excuse is a lie. Makes me want to short the hell out of Fidelity.

Don't believe me? Test it.

https://www.thinkadvisor.com/2024/05/08/fidelity-sales-practices-violated-reg-bi-advisor-says-in-whistleblower-suit/

Mid-late January. December gonna be a long month of not much for SAPX...

That will change very soon.

Just my opinion.

It would have to have some sort of value for it to be stolen.

My money is on a Chinese hedge fund trying to steal sapx.

The hands down amusing one’s for me are the ones that post about the Korean Hedge Funds Shorting blatant shams like this.

It’s a pretty hard one to top.

I have never seen pumpers pump morons, sound interesting LOLOL

Do they use diaphragm pumps, Centrifugal pumps, Double displacement pumps, Hydraulic pumps or positive displacement pumps?

Moron pumpers? Free speech, babble on

Is it that hard to figure out?
For some moron pumpers here it would appear so.

Just told a bad joke? LOL!

Did he flat out lie? Not really

Did he put the cart before the horse? Yes

Is it that hard to figure out?

Bingo

Beginning of 2025, not that far away at this point...

So hence we wait

Most definitely agree! Also timeline seems to be moving right along as projected…

Recently the Company entered into an amended Agreement with Lionsgate Entertainment, for approximately $8mm USD of the Company's filmed assets.

So why are the $8 million not mentioned in any SAPX financial statement?

Because it's a scam and all BS.

Seven Arts Entertainment Inc. Announces Multi-Million Dollar Revenue, Merger and Up-List Developments
Press Release | 04/10/2024
ATLANTA, GA / ACCESSWIRE / April 10, 2024 / Seven Arts Entertainment Inc. (OTC PINK:SAPX), the "Company", a film and music production company, is pleased to announce the following updates:

As Seven Arts approaches the end of its fiscal year, management is pleased that the Company has strategically positioned itself for significant, immediate and long-term success. Recently the Company entered into an amended Agreement with Lionsgate Entertainment, for approximately $8mm USD of the Company's filmed assets. https://www.otcmarkets.com/filing/html?id=17415631&guid=yzQ-kHlLxd1joVh

In addition to this preliminary Agreement, Seven Arts and representatives of Lionsgate have initiated discussions to further develop assets, with a particular focus on the burgeoning Atlanta, GA market, which has been home to Seven Arts since 2021. Currently, Lionsgate is undergoing a restructuring, with an emphasis on its Atlanta studios endeavors, which is expected to generate an additional trading symbol. The Company has agreed to withhold efforts to pursue joint news releases until such time that Lionsgate completes this transition.
LIONSGATE STUDIOS TO LAUNCH AS A SEPARATELY TRADED PUBLIC COMPANY (yahoo.com)

100% Correct

https://www.securitieslawyer101.com/2023/shell-hijacker-mark-miller-sentenced-to-one-year-in-prison/

Court documents show that Capitol Capital Corporation received several big chunks of stock in IGEX, then transferred the shares to Tiger Trout Capital LLC, a Puerto Rican entity controlled by Alan Masley. A bank statement from December 2019 provided in the lawsuit shows that Tiger Trout Capital LLC would then transfer money back to Capitol Capital Corporation, who, in turn, split the money between Mark Miller and Jason Black (Market Cap Concepts LLC). At the time, Jason Black was the CEO of IGEX, and none of the debt conversions were disclosed in any of the IGEX OTC filings.

Public records show that Capitol Capital Corporation has also been involved as a noteholder in at least three other public issuers that used Jason Black as the CEO, MedX Holdings Inc (MEDH), Cann American Corp (CNNA), and Seven Arts Entertainment, Inc (SAPX).

https://www.otcmarkets.com/otcapi/company/financial-report/380284/content

Lionsgate has never verified and/or confirmed the "deal." with ASPX.

There isn't even a quote from anybody from Lionsgate confirming the deal in the press release like all press releases have when confirming a deal between two companies.

The Lionsgate deal also doesn't appear in any of ASPX'S financial statements.

The Lionsgate "deal" is also complete BS since it's also all predicated on SAPX being able to get a Form 10 (SEC registration statement) approved and it can't because of the missing audited financials from 2016 - 2019, which makes it SEC delinquent, in violation of FINRA Rule 6490 and because of that has a SEC restriction on any SAPX corporate actions (such as a merger) approval.

https://www.accesswire.com/851909/seven-arts-entertainment-inc-announces-multi-million-dollar-revenue-merger-and-up-list-developments

In addition to this preliminary Agreement, Seven Arts and representatives of Lionsgate have initiated discussions to further develop assets, with a particular focus on the burgeoning Atlanta, GA market, which has been home to Seven Arts since 2021. Currently, Lionsgate is undergoing a restructuring, with an emphasis on its Atlanta studios endeavors, which is expected to generate an additional trading symbol. The Company has agreed to withhold efforts to pursue joint news releases until such time that Lionsgate completes this transition.
LIONSGATE STUDIOS TO LAUNCH AS A SEPARATELY TRADED PUBLIC COMPANY (yahoo.com)

Pursuant to ongoing merger negotiations, which requires the Company to provide audited financial statements, management has determined it is in the best interest of Seven Arts and its shareholders to expedite these expectations and rapidly execute on its previously announced intent to up-list to full SEC reporting. To that end, the Company is actively working with its audit firm.



No wonder this Lionsgate "deal" isn't mentioned in the most recent SAPX financial statement. It's because it's all BS.

The Mark Miller, Jason Black (and Jason Tucker though not mentioned in this particular scam) Capitol Capital Corporation scam continues.

It seems that Jason Black is taking advantage of this Lionsgate transition to further this scam - hence no Lionsgate acknowledgement of this "deal."

Where are the SAPX missing audited financials?

Where is the SAPX SEC approved Form 10?

Where is the mutually acknowledged "deal" with Lionsgate?

They don't exist.

https://www.securitieslawyer101.com/2023/shell-hijacker-mark-miller-sentenced-to-one-year-in-prison/


Besides his hijacking antics, Miller has also faced some legal pressure in a separate civil suit filed against him in the United States District Court for the Northern District of Illinois by David Goulding, Howard Salamon, Robyn Goulding, and John O’Shea, regarding a company named Capitol Capital Corporation. According to the court documents, the individuals collaborated, together with Jason Black, to create a convertible debt Note in Indo Global Exchanges Pte Ltd (IGEX) in the name of Capitol Capital Corporation, using old existing debt and alleged “service fees”. The individuals then agreed to split the proceeds from the stock sales.

Court documents show that Capitol Capital Corporation received several big chunks of stock in IGEX, then transferred the shares to Tiger Trout Capital LLC, a Puerto Rican entity controlled by Alan Masley.  A bank statement from December 2019 provided in the lawsuit shows that Tiger Trout Capital LLC would then transfer money back to Capitol Capital Corporation, who, in turn,  split the money between Mark Miller and Jason Black (Market Cap Concepts LLC). At the time, Jason Black was the CEO of IGEX, and none of the debt conversions were disclosed in any of the IGEX OTC filings. 

Public records show that Capitol Capital Corporation has also been involved as a noteholder in at least three other public issuers that used Jason Black as the CEO, MedX Holdings Inc (MEDH), Cann American Corp (CNNA), and Seven Arts Entertainment, Inc (SAPX).

CNNA recently appointed Jason Tucker, former CEO of LEAS, as its new CEO, giving it yet another connection to past Miller frauds. And according to SAPX OTC disclosures, on December 27, 2022, all the debt notes previously put in the name of Capitol Capital Corporation were transferred to an entity named Via Capital, represented in the SAPX filings by Jesus Cipriano, keeping the notes active despite Mark Miller’s various legal issues. Via Capital immediately started converting the debt into large chunks of free trading stock, including 150,000,000 shares on December 28, 2022, 150,000,000 shares on February 21, 2023, and 180,000,000 shares on March 6, 2023. SAPX has also begun to issue new debt notes to Via Capital.

Previously, in December 2020, Gary Kouletas (PAG Group LLC), who was another insider in LEAS and MEDH, was arrested and charged in a separate pump & dump scheme involving Global Resource Energy Inc (GBEN).  That Indictment references an unnamed “Cooperating Witness” who is described as “a stock promoter and CEO of several public companies under federal investigation for securities fraud-related offenses but not yet charged.”

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170221017

Share selling scam exposed (IGEX, MEDH, SAPX, CNNA)

Jason Black CNNA & SAPX CEO

Straight from the SEC website:

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25469

Rahim Mohamed, Davies (Dave") Wong

SEC Charges 18 Defendants in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts

Litigation Release No. 25469 / August 16, 2022

Securities and Exchange Commission v. Rahim Mohamed, Davies ("Dave") Wong, Glenn B. Laken, Richard C.S. Tang, Zoltan Nagy, Jeffrey D. Cox, Phillip G. Sewell, Breanne M. Wong, Christophe Merani, Anna Tang, Robert W. Seeley, Richard B. Smith, Christopher R. Smith, H.E. Capital SA, POP Holdings Ltd., Maximum Ventures Holdings LLC, Harmony Ridge Corp., and Avatele Group LLC, Defendants, and 9224-3708 Quebec, Inc., a/k/a Distributions Bano, and Jason Black, Relief Defendants, No. 1:22-cv-03252 (N.D. Ga. filed Aug. 15, 2022)

The Securities and Exchange Commission today charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price and trading volume of those stocks. Those charged include Rahim Mohamed of Alberta, Canada, who is alleged to have coordinated the hacking attacks, and several others in and outside the U.S. who allegedly benefited from or participated in the scheme.

According to the SEC's complaint, in late 2017 and early 2018, hackers accessed at least 31 U.S. retail brokerage accounts and used them to purchase the securities of Lotus Bio-Technology Development Corp. and Good Gaming, Inc. The unauthorized purchases allegedly enabled fraudsters, who already controlled large blocks of Lotus Bio-Tech and Good Gaming stock, to sell their holdings at artificially high prices and reap more than $1 million in illicit proceeds. According to the complaint, Davies Wong of British Columbia, Canada, and Glenn B. Laken of Illinois, respectively, controlled the majority of the Lotus Bio-Tech and Good Gaming stock that was sold while the hacking attacks were being carried out, and Mohamed coordinated with Davies Wong, Laken, and others to orchestrate the attacks. The complaint also alleges that Richard Tang of British Columbia, Canada, was involved with both the Lotus Bio-Tech and Good Gaming schemes.

The SEC's complaint charges violations of the antifraud and beneficial ownership reporting provisions of the Securities Act of 1933 ("Securities Act") and the Securities Exchange Act of 1934 ("Exchange Act"), and names two relief defendants who received proceeds from the hacks. More specifically, the complaint charges the following defendants with the following violations:

• Rahim Mohamed of Alberta, Canada, with directly violating, and aiding and abetting violations of, Section 17(a) of the Securities Act, and Sections 9(a) and 10(b) of the Exchange Act, and Rule 10b-5 thereunder;
 
• Davies Wong of British Columbia, Canada, Richard Tang of British Columbia, Canada, Zoltan Nagy of British Columbia, Canada, Anna Tang of British Columbia, Canada, and Breanne Wong of British Columbia, Canada and Panama, with directly violating, and aiding and abetting violations of, Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act, and Rule 10b-5 thereunder, and directly violating Sections 13(d) and 16(a) of the Exchange Act, and Rules 13d-1 and 16a-3 thereunder;

• Glenn B. Laken of Illinois, Jeffrey Cox of Alberta, Canada, Christophe Merani of Illinois, and Phillip Sewell of British Columbia, Canada, with directly violating, and aiding and abetting violations of, Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act, and Rule 10b-5 thereunder;

• Robert Seeley of the Dominican Republic, Christopher R. Smith of the Dominican Republic, Richard B. Smith of the Dominican Republic, Wyoming entity Harmony Ridge Corp., and Nevis entities H.E. Capital SA and POP Holdings Ltd., with aiding and abetting violations of Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act, and Rule 10b-5 thereunder;

• Wyoming entity Maximum Ventures Holdings LLC, with aiding and abetting violations of Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act, and Rule 10b-5 thereunder, and directly violating Sections 13(d) and 16(a) of the Exchange Act, and Rules 13d-1 and 16a-3 thereunder; and
 
• Wyoming entity Avatele Group LLC, with directly violating Sections 13(d) and 16(a) of the Exchange Act, and Rules 13d-1 and 16a-3 thereunder.

The SEC's complaint also names Quebec, Canada entity 9224-3708 Quebec Inc., a/k/a Distributions Bano, and Jason Black of California and/or Georgia, as relief defendants. The SEC seeks the return of ill-gotten gains plus interest, penalties, bars, and other equitable relief. The SEC's investigation is continuing.

The SEC's investigation has been conducted by Joshua Dickman and Lucy Graetz of the Atlanta Regional Office, Andrew McFall of the Washington, D.C. Office, and Patrick McCluskey of the Philadelphia Regional Office, with the assistance of Marlee Miller and Owen Granke of the SEC's Office of International Affairs. The case is being supervised by Acting Chief of the Crypto Assets and Cyber Unit Carolyn Welshhans, Market Abuse Unit Chief Joseph Sansone, Justin Jeffries and Natalie Brunson of the Atlanta Regional Office, and Amy Flaherty Hartman of the Chicago Regional Office. Robert Gordon and William Hicks of the Atlanta Regional Office will lead the SEC's litigation, supervised by M. Graham Loomis.

The SEC appreciates the assistance of the Financial Industry Regulatory Authority, the Alberta Securities Commission, the Australia Securities and Investments Commission, the British Columbia Securities Commission, the Calgary Police Service, the Cayman Islands Monetary Authority, the Dubai Financial Services Authority, the French Autoritƒ© des Marchƒ©s Financiers, the Hong Kong Securities and Futures Commission, the Mauritius Financial Services Commission, the Ontario Securities Commission, the Quebec Autoritƒ© des Marchƒ©s Financiers, the Royal Canadian Mounted Police, the Securities Commission of the Bahamas, the Sƒ»retƒ© du Quƒ©bec, the Superintendencia del Mercado de Valores de la Repƒºblica Dominicana, the Swiss Financial Market Supervisory Authority, and the United Kingdom Financial Conduct Authority.

To learn more about how to protect your online investment accounts from fraud, please visit the SEC's Office of Investor Education and Advocacy investor alerts webpage.

• SEC Complaint

Last Reviewed or Updated: May 31, 2023