Last week, the Seven Arts Entertainment Inc (OTCMKTS:SAPX) stock was in considerable focus among investors and delivered gains of 5% by the end of the week. In this regard, it might be a good move for investors to take a look at an announcement from the company back on September 3.
Seven Arts announced last week that it had been successful in achieving Pink Current Status on the OTC Markets and it goes without saying that it was a significant development for the company. In addition to that, it is also necessary to keep in mind that the company had been dormant for as long as six years but eventually the management of Seven Arts was successful in gaining control.
After gaining control of Seven Arts, the management first ensured that the company got verified with the OTC Markets and then managed to get Pink Current status within 11 weeks.
While the award of Pink Current status is a major development for the company, it is also necessary to note that the management is currently working hard in order to strengthen the company’s operations. One of the points of focus is to boost revenues through the many subsidiaries.