Seven Arts Pictures ( SAPX) Company Profile: Seven Arts Pictures develops motion pictures worldwide. Current Share Price: 71 cents (Feb. 7) Listing Violation: Delinquency. Seven Arts was late in filing its annual report with the SEC for the fiscal year ended June 30. Seven Arts is also in violation of the Nasdaq's bid price rule, as the stock last closed above $1 for the 10 consecutive trading sessions ended Sept. 2. Received Nasdaq Notice: Jan. 19 Management's Expected Action: Seven Arts said on Jan. 25 that it intends to file its annual report within five business days. Seven Arts now has 60 calendar days to submit a plan to regain compliance with Nasdaq listing rules.