Schedule 13G
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
 
 
Under the Securities Exchange Act of 1934
(Amendment No. n/a )*
 
Seven Arts Entertainment 
(Name of Issuer)
 
Common Stock $0.01 Par Value
(Title of Class of Securities)
 
81783N102
(CUSIP Number)
 
October 22, 2012
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
     o  Rule 13d-1(b)
 
     x  Rule 13d-1(c)
 
     o  Rule 13d-1(d)
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 
CUSIP No.  81783N102      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Tonaquint, Inc.
87-0285597
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   o
 (b)   o
   
3 SEC USE ONLY
  
  
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION
  
 Utah
    
NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
  
 1,152,031*
   
6 SHARED VOTING POWER
  
 
   
7 SOLE DISPOSITIVE POWER
  
 1,152,031*
   
8 SHARED DISPOSITIVE POWER
  
 
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 1,152,031*
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 9.9%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 CO
 

FOOTNOTES
  
 * On the date of the event which requires filing of this Statement, reporting person Tonaquint, Inc. (“Tonaquint”) has rights, under a Convertible Promissory Note and Pledge Agreement, to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Tonaquint may own, would exceed such a cap. The original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s Market Capitalization below one million five hundred thousand dollars ($1,500,000). As of the date of this filing, the Issuer’s Market Capitalization had fallen below $1,500,000 and, consequently, Tonaquint’s ownership limitation has increased to 9.99% of the Issuers outstanding shares. Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by Tonaquint was 1,152,031 shares, which is 9.99% of the 11,636,677 shares that were outstanding on that date, according to the Issuer’s latest 10-K, filed October 15, 2012.
 
 
 
 
CUSIP No.  81783N102      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Utah Resources International, Inc.
87-0273519
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   o
 (b)   o
   
3 SEC USE ONLY
  
  
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION
  
 Utah
    
NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
  
 1,152,031*
   
6 SHARED VOTING POWER
  
 
   
7 SOLE DISPOSITIVE POWER
  
 1,152,031*
   
8 SHARED DISPOSITIVE POWER
  
 
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 1,152,031*
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 9.9%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 CO
 

FOOTNOTES
  
 * Reporting person Utah Resources International, Inc. is the sole shareholder of reporting person Tonaquint. On the date of the event which requires filing of this Statement, reporting person Tonaquint has rights, under a Convertible Promissory Note and Pledge Agreement, to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Tonaquint may own, would exceed such a cap. The original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s Market Capitalization below one million five hundred thousand dollars ($1,500,000). As of the date of this filing, the Issuer’s Market Capitalization had fallen below $1,500,000 and, consequently, Tonaquint’s ownership limitation has increased to 9.99% of the Issuers outstanding shares. Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by Tonaquint was 1,152,031 shares, which is 9.99% of the 11,636,677 shares that were outstanding on that date, according to the Issuer’s latest 10-K, filed October 15, 2012.
 
 
 
 
CUSIP No.  81783N102      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 Inter-Mountain Capital I Corp
36-4075407
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   o
 (b)   o
   
3 SEC USE ONLY
  
  
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION
  
 Utah
    
NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
  
 1,152,031*
   
6 SHARED VOTING POWER
  
 
   
7 SOLE DISPOSITIVE POWER
  
 1,152,031*
   
8 SHARED DISPOSITIVE POWER
  
 
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 1,152,031*
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 9.9%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 CO
 

FOOTNOTES
  
 * Reporting person Inter-Mountain Capital I Corp. is the sole shareholder of reporting person Utah Resources International, Inc., which is the sole shareholder of reporting person Tonaquint. On the date of the event which requires filing of this Statement, reporting person Tonaquint has rights, under a Convertible Promissory Note and Pledge Agreement, to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Tonaquint may own, would exceed such a cap. The original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s Market Capitalization below one million five hundred thousand dollars ($1,500,000). As of the date of this filing, the Issuer’s Market Capitalization had fallen below $1,500,000 and, consequently, Tonaquint’s ownership limitation has increased to 9.99% of the Issuers outstanding shares. Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by Tonaquint was 1,152,031 shares, which is 9.99% of the 11,636,677 shares that were outstanding on that date, according to the Issuer’s latest 10-K, filed October 15, 2012.
 
 
 
 
CUSIP No.  81783N102      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 JFV Holdings, Inc.
36-4426825
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   o
 (b)   o
   
3 SEC USE ONLY
  
  
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION
  
 Illinois
    
NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
  
 1,152,031*
   
6 SHARED VOTING POWER
  
 
   
7 SOLE DISPOSITIVE POWER
  
 1,152,031*
   
8 SHARED DISPOSITIVE POWER
  
 
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 1,152,031*
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 9.9%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 CO
 

FOOTNOTES
  
 * Reporting person JFV Holdings, Inc. is the sole shareholder of Inter-Mountain Capital I Corp., which is the sole shareholder of reporting person Utah Resources International, Inc., which is the sole shareholder of reporting person Tonaquint. On the date of the event which requires filing of this Statement, reporting person Tonaquint has rights, under a Convertible Promissory Note and Pledge Agreement, to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Tonaquint may own, would exceed such a cap. The original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s Market Capitalization below one million five hundred thousand dollars ($1,500,000). As of the date of this filing, the Issuer’s Market Capitalization had fallen below $1,500,000 and, consequently, Tonaquint’s ownership limitation has increased to 9.99% of the Issuers outstanding shares. Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by Tonaquint was 1,152,031 shares, which is 9.99% of the 11,636,677 shares that were outstanding on that date, according to the Issuer’s latest 10-K, filed October 15, 2012.
 
 
 
 
CUSIP No.  81783N102      
 
      
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 John M. Fife
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a)   o
 (b)   o
   
3 SEC USE ONLY
  
  
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION
  
 United States of America
    
NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
  
 1,152,031*
   
6 SHARED VOTING POWER
  
 
   
7 SOLE DISPOSITIVE POWER
  
 1,152,031*
   
8 SHARED DISPOSITIVE POWER
  
 
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 1,152,031*
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
  
 o
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
 9.9%
   
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
 IN
 

FOOTNOTES
  
 * Reporting person John M. Fife is the sole shareholder of reporting person JFV Holdings, Inc., which is the sole shareholder of Inter-Mountain Capital I Corp., which is the sole shareholder of reporting person Utah Resources International, Inc., which is the sole shareholder of reporting person Tonaquint. On the date of the event which requires filing of this Statement, reporting person Tonaquint has rights, under a Convertible Promissory Note and Pledge Agreement, to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Tonaquint may own, would exceed such a cap. The original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s Market Capitalization below one million five hundred thousand dollars ($1,500,000). As of the date of this filing, the Issuer’s Market Capitalization had fallen below $1,500,000 and, consequently, Tonaquint’s ownership limitation has increased to 9.99% of the Issuers outstanding shares. Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by Tonaquint was 1,152,031 shares, which is 9.99% of the 11,636,677 shares that were outstanding on that date, according to the Issuer’s latest 10-K, filed October 15, 2012.
 
 
 
 
Item 1.

 
(a)
Name of Issuer
 
 
Seven Arts Entertainment, Inc.

 
(b)
Address of Issuer’s Principal Executive Offices
 
 
8439 Sunset Boulevard, 4th Floor
Los Angeles, California 90069

Item 2.

 
(a)
Name of Person Filing
 
 
This report is filed by Tonaquint, Inc., Utah Resources International, Inc., Inter-Mountain Capital I Corp., JFV Holdings, Inc., and John M. Fife with respect to the shares of Common Stock, $0.01 par value per share, of the Issuer that are directly beneficially owned by Tonaquint, Inc. and indirectly beneficially owned by the other reporting and filing persons.

 
(b)
Address of Principal Business Office or, if none, Residence
 
 
The address of the principal business office of each reporting and filing person is:
303 East Wacker Drive, Suite 1200, Chicago, IL 60601.

 
(c)
Citizenship
 
 
Tonaquint, Inc. is a Utah corporation.
Utah Resources International, Inc. is a Utah corporation.
Inter-Mountain Capital I Corp. is a Utah corporation.
JFV Holdings, Inc. is an Illinois corporation.
John M. Fife is a United States citizen.

 
(d)
Title of Class of Securities
 
 
Common Stock, $0.01 par value per share.

 
(e)
CUSIP Number
 
 
81783N102

 
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 
(a)
o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 
(b)
o
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 
(c)
o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 
(e)
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 
(g)
o
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 
(h)
o
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 
(i)
o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 
(j)
o
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).

 
(k)
o
A group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 
 
 
 
 
Item 4.
Ownership.
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 
(a)
Amount beneficially owned: 1,152,031

 
(b)
Percent of class: 9.9

 
(c)
Number of shares as to which the person has:

 
(i)
Sole power to vote or to direct the vote: 1,152,031

 
(ii)
Shared power to vote or to direct the vote:

 
(iii)
Sole power to dispose or to direct the disposition of: 1,152,031

 
(iv)
Shared power to dispose or to direct the disposition of:

Item 5.
Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o .
 
 
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
N/A
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
 
N/A
 
Item 8.
Identification and Classification of Members of the Group
 
N/A
 
Item 9.
Notice of Dissolution of Group
 
N/A
 
 
 
 
 
 
Item 10.
Certification
  
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
 Tonaquint, Inc.
 
    
Date: October 29, 2012
By:
/s/  John M Fife 
   Name: John M Fife 
   Title:  President 
    
 
 
 
 Utah Resources International, Inc.
 
    
Date: October 29, 2012
By:
/s/  John M Fife 
   Name: John M Fife 
   Title:  President 
    
 
 
 
 Inter-Mountain Capital I, Inc.
 
    
Date: October 29, 2012
By:
/s/  John M Fife 
   Name: John M Fife 
   Title:  President 
    
 
 
 
 JFV Holdings, Inc.
 
    
Date: October 29, 2012
By:
/s/  John M Fife 
   Name: John M Fife 
   Title:  President 
    
 
 
 
  
    
Date: October 29, 2012
By:
/s/  John M Fife 
   Name: John M Fife 
   Title:   
    
 
Footnotes:

Attention:
Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)