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Seven Arts Loses 50% On Maiden Trading Day At OTC After Failing To Fulfill Listing Rule In NASDAQ (SAPX)

After failing to demonstrate a minimum closing bid price of $1.00 per share for 10 consecutive days to remain listed on the NASDAQ, shares of Seven Arts Entertainment (OTC: SAPX) nose dived by around 50% in the first hour of trading in the OTC market. On September 29, 2011, the Los Angeles-based independent motion picture […]