Seven Arts Entertainment, Inc. (OTC:SAPX) Resurfaces as Double-Zero Bid
Fame is key to the movie and entertainment business, and fame and noise have made the day for the stock of Seven Arts Entertainment, Inc. (OTC:SAPX), as the company combined a paid promotion at the end of January with an active series of press releases. The latest addition, the company’s financial information, reminded investors of the ticker and caused the fifth day of buying in a row. 
The price of SAPX is extremely affordable at $0.004, and the company added more than 36% on Friday’s trading, starting the new Monday session on a positive note. The story of SAPX is weird, starting with highly priced stocks at nearly $1,000 and after a series of splits and past promotions, sliding to highly volatile double zeroes. The current spike is almost negligent, seen in comparison to the longer-term graph, but it may cause shakes for investors that are not fast enough. 
When we last dealt with SAPX, it was still a promising, reportedly poised to rise, NASDAQ company, but despite several successful movie releases, the company sank into penny-market obscurity.
Fundamentally, the entertainment company has little amusements in its balance sheet and other statements:
- $16, 472 cash, down from more than 120,000 in previous quarters
- $34 million total assets, including music and movie licensing valuations
- $22.44 million liabilities
- $182,797 revenues
- $1.7 million net loss
It seems the company is weighed down by debt, and has deserved its low share price. After a series of splits, SAPX has 1.2 billion shares outstanding, and in the past month daily volumes reached 20 to 40 million traded daily.
The latest promoter for SAPX is Jet-Life Penny Stocks, but don’t rely on its picks to give you a jet-setting wealth any time soon. The pumper specializes in one-off mailings with a relatively small budget of $3,000 per message, pumping relatively obscure stocks. A previous pick, Evcarco, Inc. (OTC:EVCA) jumped in volumes, but went on to crash even lower in the double-zero zone, leaving investors holding onto depressed, underpriced shares.
