give me a break………..
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Going to add more tomorrow!!!!!
did I not tell you the phone in my limousine was busted?
I agree that some presence should be seen by administration. However, do you really think a CEO has the time to answer emails or return phone calls to every investor out there? I highly doubt it.
Usually on these boards, I will see some BS that somebody makes up and says that they did talk to the CEO about something. So, even if someone does say that they have spoken to IR or the CEO, I take it with a grain of salt and treat it as pure BS.
You can only trust yourself and your own DD!!!!!!
Maybe it won't be too long. This should bounce back up. (Don't know what you got in at)
I just bought in today at the bottom (I hope).
I agree. I have only been trading for a year now and I have learned a lot in the past year. Me and a friend I work with started a year ago. Both of us had a different approach on penny stocks. He refuses to sell for a loss. I think I sell too quickly and take the loss.
With that being said, he made a killing of SPNG. I sell and take quick profits (or small losses).
I definitely try not to hold these things for too long. I got caught in a r/s with ARTS without notice. Man, that was the longest month of my life. They had a good 3q report and I got out even.
I never can read that stuff Scottie. I mean, the crap my twins watch is crazy. All of these crazy kid creatures look fruity to me.
I don't believe that is true. I can pretty much tell you that it isn't going to show profit this q. The CEO has said that he looks forward to becoming cash flow positive in the upcoming quarters.
What is key (in my mind) is to show a big increase in revenue. I think it will deliver on that point.
I don't think this q report is going to magically make all worries disappear. I think that it has to be good enough for people to invest in this to stop the bleeding and bring PPS up.
If I was holding for this to be a cash flow positive report, than I think I would be disappointed. I want revenues to be way up!!!! They have the large line of credit issued. So I doubt that they made that much to be green......sorry.
That's what I have been saying all week as well.
point taken, but you need to keep reminding people of the positives......
if there are no posts, but people whining.............
then that isn't going to help when new people look at the board when this q report hits...........
Remember, this revenue will be on this quarterly report. 370K in revenue from this one event.
http://www.artfestinternational.com/index.php/news-releases/2-news-releases/86-pr2009-0724
why? they always file late. They will make it by friday the 20th.
In the past year, this company has only filed on time once. The last 2 out of 3 they filed for the 5 day extension. No big deal.
wa hee hee ha ha
I've got a feeling that with CSD revenue being now ARTS, they will spin a PR bosting a huge increase in revenue and this thing will POP!!!!!
You've been in it this long, a few more days won't kill ya.
Or maybe it will, this is killing me!!!!!!! LOL
Scottie,
You are right, this thing always takes a dump before it pops. I have looked over and over the dates of the last quarterly reports (news prs) and this thing is always walked down and then a pop.
With the low share structure, this thing will move very fast on this report. There is a chance the report could come out tomorrow, but if not, then it has to come out by the 20th.
However, I don't know the rule on the 15th being this Sunday. If the report is to be late, they have to file for a 5 day extension (in which case they have done many times).
Anyway you put it, only one more week of these games!!!!
I agree with you. No need to sell now. History should repeat itself with a pop with the last quarterly reports.
taken from the PR of Aug 20th......
Look at the key statement "CSD generated $3.3 Million for the calendar year 2008 and Artfest Internaional will consolidate results beginning with the Third Quarter 2009."
Guess what? That revenue will be on our next 10-Q!!!
Also, look at the last part "increase shareholder value through sales and key acquisitions." That is the CEO giving us light to the Luxor deal.
Artfest International will be in a position to launch the distribution of CSD's product line through Art Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International, during the Third Quarter 2009. The addition of CSD's product line will complement and expand Artfest International's ongoing product promotions and special purchase packages, which are directed towards introducing a select number of acclaimed artists to the Company's members. CSD generated $3.3 Million for the calendar year 2008 and Artfest International will consolidate results beginning with the Third Quarter 2009.
"We are excited about the progress that Artfest International has made during the first six months of this year and we look forward to continuing to increase shareholder value through sales and key acquisitions," stated Edward Vakser, CEO of Artfest International, Inc.
Hold on brother for just a few more days. This thing has done well off of the last 2 quarterly reports!!!!
On May 15th, it almost doubled with the quarterly report. It went from .18 to .33
On Aug 20th, it went from .06 to .26 cents.
I am with you, I am down on this too. However, we will know something tomorrow or by next wed. This could be walked down into the .03s tomorrow. But if history repeats itself, it will pop with the news.
Who knows man, tomorrow could be the day. If they don't file, then it will be next wed. Just depends if it is on time.
Look at what this thing did on the last quarterly report.
ARTI spun this in a good way with a PR. It jumped from .06 to .26 cents!!!!! (r/s reflected into price)
Artfest International, Inc. Increases Revenues by 1,945% for the Six Months Ended June 30, 2009 as Compared to the Same Period in 2008
Company Files Its 10Q With the SEC for the Second Quarter Ending June 30, 2009
DALLAS, TX, Aug 20, 2009 (MARKETWIRE via COMTEX) -- Artfest International, Inc. (OTCBB: ARTI) is pleased to announce that the Company has generated $505,900 in operating revenue for the six months ended June 30, 2009 as compared to $24,736 in operating revenue for the six months ended June 30, 2008, which is an increase of 1,945%. The increase in operating revenue is due to the increased sales of art and sports memorabilia through events held at the Company's 52,000 square foot facility in Dallas, Texas, and direct sales activity through its subsidiaries Art Channel, Inc. and Art Channel Galleries, Inc.
Scottie,
Look for a possible NT-10Q filing with the SEC tomorrow.
They have to post financials for the quarter by the 15th of the month. IF not, then they have to file this form for a 5 day extension. With tomorrow being the 13th, I think we will get our 10Q on Nov. 18th which will be next wed.
damn, you like to type...............LOL
Did they have more than one "Sizzlin Summer Sat"?
Here's the link for the one that turned out great!!!!!
What date are you referring to?
http://www.artfestinternational.com/index.php/news-releases/2-news-releases/86-pr2009-0724
Exactly, also maybe to show that they are a real company.
A shell company wouldn't give a crap about charity. :)
That's good news for us who haven't sold!!!!
I agree with you. My scottrade didn't convert till this am.
Another Pre market PR....would post the link, but on my blackberry!!! It is about a fundraiser for charity.
Great post!!!! Makes sense to me. Thanks for your input
I was wondering the same thing. There was a huge number of buys vs. sells today.
I agree with you NOBO. There is a difference in styles of trading......Penny stock investors (the long term Dogs) and penny stock traders (Me). So I understand when people get on the offensive and fail to at least somewhat agree with reality.
WINK-WINK!!!!
Again, I agree with you shinebox. Its just I followed this thing very closely and NOBO posted the famous email from Watson and a lot of talk about "Meaty" prs.
If this was an "update" PR, (which I think it was) I am fine with that. And maybe this thing takes off tomorrow.....I will be glad for you guys. I just feel like the "check has been in the mail" for far too long.
A media blitz in "early summer of 2009" and it is still coming. Couldn't he have commented on that other than it is "coming"?
I see your point. I agree that when the "blitz" begins and the new clients are landed, the PPS will climb. I think everyone was just waiting for an update (as you called it), but we were told that no update or "fluff" PRs would be released. Only "MEATY!" ones would be released. My point is this one just didn't meet the USDA grade "A" black angus "beef" rating as we hoped.
I read the PR. I have followed the Dog for months. I know there are loyal "dogs" here long term. Don't get me wrong, the Dog was good to me too. I guess my point is to me, this PR wasn't "meaty" as you called it in the past.
The website only took months to upgrade and a media blitz is coming!!!!!!! Hooray?
I really thought that this thing would have hit .02 today with the PR, but it really didn't impress me that much.
It was what we have been told for months.........new website...media blitz. How about some numbers on new subscriptions or income?
Hope this works out for all longs. Again, not trying to be negative here. I know this board has always been very positive (sometimes too positive?) and criticism is not well taken. Just wanted to get other peoples thoughts on today's PR.
thanks
Hey guys. It's been a while since I have posted. I got tired of waiting for the "long awaited PR" and I sold out the last leg up. I got the alert on my blackberry on the news PR and decided to check out what happened today. I must say....not what I expected. I thought this thing would take off.
Do you think the PR was delayed too much? All in all, the PR said the website updates were done. It didn't mention Kendra.
Yes, I know the media blitz is coming..........it has been for months and months........nothing has changed. It is still coming? When will it begin? In summer of 2010?
Your thoughts?
I hope everyone here is loaded up and ready for the run!!!!
Thanks for the info and your great DD!!!!
It has a past history of hitting over a penny. Let's hope history repeats itself!!!!!!
Let's hope so!!!!! I would like to see this run for several days!!!!
Hartley?