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Where is that guy who said .0003 by Wed. and .0002 by Friday i need him to help me pick my lotto numbers.
I'm still not buying it. Even your fearless leader bux thought it was EV selling shares. I told you guys after reviewing the financials. THEY DO NOT HAVE THE MONEY TO OPERATE! He is selling shares to fund everything. He has to their costs far surpass any revenue.
Thats what everyone said during the last set of dilution
HAHA in all honesty thats not a bad play. Its a 50% cover.
Look up the short interest for the day then to see. I'm thinking it is dillution as proved by the billions of shares sold over a few months on the 10Q.
I'll be hoenst I'm not a believer in this company or this CEO at all, but at 1 or 2 I'd even be willing to throw a couple bucks at this in a crap shot that they slip and fall on a gold nugget.
And there is the 200 million t trade
Posted by: Computerbux Date: Thursday, August 26, 2010 4:00:50 PM
In reply to: clevertrade who wrote msg# 24504 Post # of 24511
I leave for a few hours and WTF happened? I see E.V. is diluting mor eshares and yep, our 100 share ass monkey hit 5 times in the last minute before close.
You just stated here that you think it is dillution. So why the smiley face. They have another 5 billion to sell!. This thing will be ran down further before it goes up.
well atleast we didn't get screwed into the close.....this sucks
Those were alot of 100 pushed threw at the end. Massive volume over a short period looks like dilution once again. If it was a cover I would think the pressure would have been up not down.
The bid just dropped to 8. I'm getting a little pissed off now, but am thinking about buy some more to average down even further.
Edit: went back to 9
BAM knocked back with 100. This is getting kind of comical.
Well tech. there is a buy and a sell in every trade........but yes that was a trade at the bid.
Well outside of that bumbo jumbo chart talk it is just good to see that many aren't willing to sell down here.
I think lack of volume here is a very good sign. It may mean that it is ready to start inching up even without financials.
My take is either Prior just isn't good at meeting deadlines or this really is the worst made up company ever haha. Most made up companies would have had three pr's out by now saying some crazy things were happening. They wouldn't have ungagged the TA to allow investors to see shares being dumped. They wouldn't promise Financials from a reputable accounting firm they would have just kept putting out fake ones. Like I said either bad at deadlines or possibly the worst fake company ever.
HAHA I got to say that really was perfectly timed
no only when the MM's do it.
Has anyone called the TA lately?
Not at all actaully . Alot of Museums are tax exempt giving the donor a huge tax write off. ARTS is not and therefor he will actaully lose most of that cash in taxes especially because of the price of the warrant that is absurd.
Thats kind of a broad assumption based on zero facts. They may be weird, but they aren't retarded. Put it this way this is board for investors in a company. A company who's CEO signed off on a poorley worded and poorley showing 10Q. Who has a tenative agreement for an art piece that they have to take no risk on at all to make tons of money. Who constantly takes loans out for weekly operations. Maybe this board should ask why more often?
They aren't donating to a museum the guy is "donating" it to another company who is selling it for profit. It's not a donation either as there is money being exchanged meaning he will take a tax hit for it rather than donating it and getting a huge tax write off. It also isn't a donation because he is holding it untill they sell it. Meaning the guy is allowing them to take no risk as he holds the item and when they sell it they get FREE money. It all just sounds ridiculous especially the whole share part of the deal.
Thats kind of my luck and why I have been gun shy to sell on the runs.
If that were the case in most situations like that the middle man recieves a percentage not more than what the owner gets. That is why this deal makes absolutley no sense to me. Why would the owner basically say "hey sell this and give me only a small fraction."?
Their books never showed the were holding it though.
I was very polite and didn't speak agressivley just asking for some sort of update. i also pointed out that we would prefer softer time lines then hard dates. I thanked him for what he has done and asked that he continue to grow the company.
Looking at the 10q they never had the 2.5 million to make the purchase.
I emailed three days ago and haven't heard anything back. I even used my company email thinking the name of the company might prompt him to want to return my email....
Once again huge volume with no movement. I pointed out the financials didn't make since a few days ago. Others are starting to see it. Now reading them again and looking at the wording I am thinking something fishy is going on. Look who signed off on them. If they can't even have a CFO sign off on them then there is something wrong there.
About the Picaso why would they donate to them in the first place? They aren't not for profit so why do that? That whole deal has seemed fishy from the start. If I was EV I would want it asap to over value it and carry it as an asset on my books.
I have been pointing out their revenue and financing flaws since yesterday and everyone just ignores those facts.
I have been negative since I looked into investing in this thing a month ago. I flipped it for a decent gain, but since I have just been observing the strange behavior of this company and everyone posting here.Just an FYI I have never and never will short a stock, just don't think its right.
Yes but after financials they buy low pump it sell high then short it and make it on both ends. That is why constantly holding it here makes no sense.
It will be easy to check at the end of the day, but not many are going to short a stock at. 0004 or .0005 that just released financials. This company won't go under in the very near future so there isn't a huge win here. The MM's would do better pumping then dumping this thing. I am sticking to my intial thought and that is dillution. They did it on the last pr and I think they intend to use every bit of that 10 bil OS. The thing is if you look at their 10q they won't have enough money to make it if they don't raise it somehow. The revenue is great, but the exspense of that revenue is killing them. They are in need of cash and this is the easiest way.....hence them not ungagging the TA.
Seriously 120 million in 8 minutes and no movement? does no one else see that as a red flag?
well the volume is starting you better hope you get some movement or else I would assume dilution. Think if these numbers are so great who would want to unload millions of shares so easily so cheap?
If you see massive volume with no movement this morning assume major dumping on the back of financials and pr. I said the same thing when they had their last pr.
I'm sorry I mis spoke earlier I was reading on a iPhone and missed a set of 0's. We will agree we were both wrong and it's 5 billion. The thing that still bothers me is the guy saying 1500% in revenue but they spent 5x that to get it. Anyone who doesn't think they still need financing are way off.
Now wait a second I read that as 4.5 billion common, but another 3.4 billion in preferred bringing it up to 7.8 billion.
Well atleast they didn't get evicted
On August 6, 2010, Parker Midway, LP, Artfest’s former landlord (“Parker”), filed suit in the District Court of Dallas County, Texas against Artfest for its alleged breach of its Lease Contract. Artfest entered into a forty (40) month Lease Agreement with Parker in April, 2009. The suit states that Artfest had vacated the premises prior to the end of the lease term and failed to make payments due under the lease constituting a default and breach of the lease. Artfest contends that the lease was amended to provide for a month-to-month lease in early 2010 and that there was no further obligation to Parker. As of the date of this report, Artfest has retained counsel and is working with them to investigate the matter and develop a plan to remedy the issue.
They lost 2 million in increasing revenue 1500%. They have no cash on hand they have a ton of inventory. Looking at their expenses they are going to need to keep diluting to keep the doors open unless they sell something big soon.