Artec Global Media Inc. (ACTL)

[lakers17]

Every day it's soon. Every week it's soon. The answer is NEVER. Except MASSIVE dilution. Now delinquent on toxic loans and filing, CEO missing. Not a single PR in two years outside of filings. Company is flat broke, a scam and it's not even a real company. A one man company ghost who doesn't even have a business location. But ACTL did say 5 to 10 billion new shares will be issued as they just raised the A/S to 10 billion. ROTFLMAO

RIGHT FROM THE COMPANY IN THE LAST FINANCIAL:

"We are a start-up company. We did not begin meaningful operations until our first quarter of 2014. As of April 30, 2016, we had total assets of $20,119 and total liabilities of $3,819,101. Since our inception to April 30, 2016, we have accumulated a deficit of $5,235,590. We anticipate that we will continue to incur losses for the foreseeable future. Our financial statements have been prepared assuming that we will continue as a going concern. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities."

And from the June 2016 filing:

Overview

The Amendment will have the effect of increasing the number of shares of Common Stock that the Company is authorized to issue from 750,000,000 shares to 10,000,000,000 shares.

Purpose

Our board of directors has determined that it is advisable and in the best interest of the Company to increase the number of authorized shares of Common Stock of the Company to have available additional authorized but unissued shares in an amount that is adequate to provide for the needs of the Company. Our board of directors has determined that it is advisable and in the best interest of the Company to increase the number of authorized shares of our Common Stock in order to ensure that the Company will satisfy its obligations under the existing convertible notes issued by the Company. The Company would be required to issue additional shares of our Common Stock upon conversion of such convertible notes and, under certain of those convertible notes, the Company is required to have in reserve certain quantities of authorized but unissued shares of our Common Stock.