Seven Arts Entertainment grew wings and flew to close out the extended trading session yesterday after it announced large amounts of shares purchased at a massive premium! SAPX already closed out the regular trading session up 8% yesterday, but with this touted upgrade – SAPX closed out extended hours up over 26%.
Seven Arts Pictures that later became Seven Arts Entertainment was founded in 2002 as an independent motion picture production and distribution company engaged in all areas of theatrical motion pictures for exhibition domestically and internationally, including home video and pay/free television.
SAPX announced yesterday after hours that BRG Investments, LLC accumulated 250,000 newly issued shares of its common stock at a price of $1.00 per share. During the next six months, BRG has eluded to another purchase 250,000 more shares between $1.00 and $1.50! Get my next ALERT 100% FREE
BRG received a warrant to purchase 100,000 shares of SAPX and will receive an additional warrant with the same terms if it purchases the additional 250,000.
Seven Arts plans to fund its next motion picture production located in Louisiana entitled Schism, written and directed by Adam Gierasch.
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