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Seven Arts Entertainment, Inc. Message Board

  • eight.ball63 Nov 16, 2012 6:36 AM Flag

    *** Toxic Debt = Death Spiral ***

    Seven arts of toxic debt on steroids leads to DEATH SPIRALS. Get it? See it? Smell it? Feel it?

    SAPX on the same road as IMDS, JUNP, MCLN and all the others. My point: Convertible debentures and notes issued by toxic financiers are NOT in substance debentures or notes at all because the company has no real intent to pay on the notes. Instead, the company knows at the onset that the notes will be converted and heavily discounted shares will flood the market and DILUTE you. The SEC needs to address this issue as it relates to financial statement reporting TODAY.

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