i want to buy this stock but unfortunate,,they are criminals! Don't believe?? just read this from the 10q,,,

On October 27, 2009, the Board of Directors approved a 1-for-50 reverse split of its common stock. The reverse stock split was effective on October 28, 2009 and the Company’s common stock began trading on a post-reverse split basis under the trading symbol “ARTS.” The reverse stock split reduced the number of outstanding shares of the Company’s common stock from 961,320,064 to 19,226,405. Corresponding proportional adjustments were also made to any outstanding stock options previously issued by the Company.


The purposes of the reverse split was to increase the per share trading price of Artfest’s common stock, thereby appealing to a broader range of investors and to provide shareholders with more useful information in making period-to-period comparisons of Artfest’s earnings per share. LOL!


On October 28, 2009, the Company entered into an agreement to acquire all of the assets of Luxor International, Inc. a privately held company, for $5,000,000. The terms of the acquisition included the issuance of four million (4,000,000) shares of the Company’s common stock valued at $1.00 per share, plus an additional $1,000,000 in cash. The assets being acquired include approximately 750 works of art expected to have an appraised value of approximately $9 million to $12 million. These works of art will provide the original works from which Artfest will produce Giclee reproductions generating future revenue while retaining ownership of the original works.


The Company issued Luxor 4,000,000 shares in anticipation of the closing of the acquisition, which as of the date of this filing, is still pending the remaining payment of $990,000 in cash. The Company intends to pay this amount over time in an equal monthly payment to be determined by both parties.


On April 21, 2010, the Company formed a wholly owned subsidiary Artfest Direct, Inc. pursuant to Chapter 78 of the Nevada Revised Statutes.


On April 28, 2010, the Board of Directors, upon the consent of the shareholders owning a majority of the shares then issued and outstanding, approved a resolution to amend the Articles of Incorporation of the Company to increase the number of authorized shares to two billion (2,000,000,000), of which one billion nine hundred and ninety five million (1,995 ,000,000 ) shares shall be common stock, par value $.001 per share, and five million (5,000,000) shares shall be preferred stock, par value $.001 per share.


F-7

and this from page 1,,,

As of May 18, 2010, the registrant had 976,912,763 shares of common stock, $0.001 par value per share, outstanding and 3,188,020 shares of preferred stock, $.001 par value per share, outstanding.

so this mean that on Oct 2009, they reduce shares from

The reverse stock split reduced the number of outstanding shares of the Company’s common stock from 961,320,064 to 19,226,405.

but now by May 18 2010, sharecount right back up to

As of May 18, 2010, the registrant had 976,912,763 shares of common stock, $0.001 par value per share, outstanding and 3,188,020 shares of preferred stock, $.001 par value per share, outstanding.

all i can to say to that is WOW!! Not only,,but they now also raise a/s to 2 billion as of april 2010,,,so easy to see they have much mor eselling to do yet! yes, these guy seem like criminal to me

unfortunately this is to true now,,,today pr is a joke and nothing they have say in last prs is true. they said sweet tea would be in production mid may! caveat empter was going off last of march! now both atomic dog and sweet tea are still waiting for production,,this is not good sign

i will tell all that from my experience with caveat empter, it comes off in 24 hours if it is real. they released pr today because its not right to try to fool investor. they said in last relaease they were told all was needed was attorny letter,,if true and submited 5/27, ce would have been off yesterday latest if nothing wrong,,certainly this morning. i think what wrong is new 2.6B a/s un reported. pink sheet will not like that sorry to say. i sold out today as last chance. these pink management ceo's are thieves! good luck to every one but this management is very crooked in my opinion

no one loading up any boats! just short cover BUYING BACK at end of month to close books on this one,,when they done now i believe there be nothing left for this one unfortunately,,don't be fooled this today!! there is no news from company when by all right there sould be,,they gone too far now with just no word! not even shareholder update type of pr

i hate to say so but i think others are right now,,today just show why. all this volume was short cover of at least 75 million shares,,done very quielty now so nobody notice. nobody buying,,just buying back to lock profits. now they are out and with no other buyer to add to it, so goes the events,,just go to show too that if company do buyback of 150 million, you just see what half of that amount will get,,or about nothing! i decide to sell with little loss today and move on now. it look too much like the next step is .0001/.0002 or maybe even no bidder. no pr today or in last 2 week is no way to be running the company for shareholders and it look like its a gonner now mostly,,good luck to every one

i agree 4ryan,,the only reason these guys still come here to give their opinion on beinbg a scam is because they know it will run again,,other wise they would just leave and never come back and forget thye ever hear the name! lol why waste posting on what you don't like or think a scamming unless you have the other motive?? makes no sense or logic and they just try to get retails to sell at lows lol whilst many know this is a great buying time for the rebound on good news. also people like to make themselves look smarter than they really are when chips are down

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to keep what going?? a .0005 stock price! lol scammers mainly jsut disappear, not keep bother to submit prs or results or say we are working on solution after price has declined,,rather now at this stage they wouls just disapear not keep maintainig their website or attend a shareholder conference in toronto in person just such short time ago! hmmm. so now i agree next move is from the company to back up these claims and i think they will do it any day now from what they been working on to bring back some shareholder confidence,,that's all thats mising

and by the way,,maybe you think this stock was ever .01 or higher,,mostly the stock was alweays double zeros or triple zeros, which are boths subpenny,,don't act like it came down from ten cents or even higher

same could be said for many pennies companies who are try to break through,,,including goig who just push out revenues now to july but still hold a .02 stock price

also they wouldn't say this either in middle april if it was all just a scam as you say. because if you were scamming in pennies, there is no reason to say these things after the stock has gome down or submit a quarterly prsentation or have a current website for skgo whilst each comopany having their own site also

As for our share price we are not happy where it currently sits. I have remained in Toronto for a few days following the appearance of the Shareholder and Business Expo to meet with our advisors. We wish to explore various options available to us as a company to restore some value to SKGO. We believe this share buyback program is one of many steps we will undertake to see this remedied.

ill tell you where the scam is marine 1,, it's in the game! look at trades jsut today,,they lower it for a six million sell to .0004/.0005 but jsut now six million in buys comes in and suddenly no one wants to sell higher! hmmm. then now 20t sh order comes through at .0004 to try to offset the buys and keep it looking red,,,thats lol funny meaning someone continues to play games to get more retails to sell all their shares at big losses before they take it up when news hits,,that's what's the scam!

well, now it looks like it really is there! all they do now is make sure those who sell get out low as possible,,remember someone always on the otherside buying these shares that retails are selling lol,,like today hmmm i wonder who bought the six million block order? .0004 is long time former resistance line from sept. and dec,,and now support for here until they deliver news now.yes fear and lack for condifance has cuased this but there is little to fear now since quarterly presentation was released on 5/14 [on time],,if this were set up as scam, there would be no quarterly on 5/14 or shareholder confernece in april or website up to dated and professional. if they were leving it high and dry why would they put out the presentation?? just for laughs? if so i would think they would put time elsewhere. why no financials in it, i dont know but maybe part of their plan to achieve the higher prices but let stock price settle first to get out non believers,,we will all see soon i guess! and why would they say this on april 13

To our shareholders we say we are with you and once our financials are posted plus some of the other measures we intend to shortly undertake, by all accounts SKGO values should realign and make a positive correction. We intend to post shortly our financial work sheet followed by our financial statements.

if this were scamming, no one would say this just about 30 days ago,,i awlays remember sanhe is chinese and they do business different sometimes and things can take longer,,even the inital merger in january took 30 days longer than it was dsupposed to from what i was reading

i beleive there will be big news coming since there were very few prs this month,,any day now! mayeb tomorrow,,this stock is in bottom process because its so close to actual bottom so charting lower lows have little meaning after gap down with respect to yourslf,, so no worries there and jst matter of time now. i think most knowe selling here is stupid unless necessary,,anyone just giving up will regret in my opinion. too many things here to make the stock fly again,,sanhe earnings,sitg marketing deals or new sales,,buyback,more trnaparentcy. and i never forget minimar is still behind this company,,,i email them last week on there site creating the order ticket and they respond to me tha tthey were in china working on it but that everything is real,,im a believer they will rise again and fast! good luck to everyone

i agree,,too bad though investors keep giving up now at the bottom,,they will be sorry soon but thats how it goes,,,

reindl,,what you describe is not the golden cross so nothing positive would have happen just by that,, but this stock still on many radar as in bottom waiitng for definitve news now which can come any day plus some accumlation still going on now,,soon this will move now! when news come, we will see nice bounce in my opinion

big news coming this week, i can feel it! dont forget also its endof the month week and some traders might probably needing to close some shorts position,,,company mioght have been waiting for this week to relese good news and start share buyback to make them pay for it. looks more and more like sanhe held back good financial numbers so to release with share buyback,,certainly wasn't fear of bad numbers and stock decline lol,,that happen anyway. has to be part of a plan they have. good things are comin gin my opinion,.we will get good shot in the gas pr too soon i believe,,too long overdue from end of march! don't foget sanhe already has revenuess! this is all leading up to something big

wonder why you even posted this at all?,, make you feel better now? thanks you for leaving

i think because the main comapny income earner now is chinese, they don't exactly understand the importance of pr's and holding true to such for the american exchanges. i think they are beginning to learnt the public ropes and the main reason the price is so low now is jsut on confusion so shorts help drive it down while retailers had jump off. now with bottom in they can begin to rebuilt the confidence with coming pr's. when i see the supplied numbers worksheet for sanhe 2009,, it show $900t in net income! No way should price be so low on that income and it look like they have no big debt either. i thhink once theyput out official financials,,the stock will rise and buyback should help too,,i read this in their last pr regarding buyback,,,

To our shareholders we say we are with you and once our financials are posted plus some of the other measures we intend to shortly undertake, by all accounts SKGO values should realign and make a positive correction. We intend to post shortly our financial work sheet followed by our financial statements.

this was april 13 and on april 14 they posted their worksheets filing,,so no lies there,, and now its been only 5 weeks since to coordinate other actions,,plus they did put ot quareterly report on may 14 before 15th deadline (but with no fincancial) and atleast they did that,,i think some good things are close to happen now,,stock has been going down now for 4 months straight becuase of confusing details so now with bottom in and at real bottom and changing actions by the companies and some good news like financials this can turn now,,good luck to everyone

edit'''also i see on my chart that moneyflowe index has gone back upswing above 20line for fiorst time since early march and lest 3 day trade were bigger buys than sell for first time in probably a while too! look like it can be turning now

plus,,when selling end overall like now, thats when buyers come back for good deals,,one good piece of news now and many buyers will see new opportunity,,and some short will cover cause once they see it bottoms, they know theres no more left to seek

thanks,,just wondering why you think that?? i believe they are overdue for news now and stock progress again,,

this bottom building in very nice now and looking for Monday PR,,and cover to begin,,good luck to all!

good luck to you! i see the nice consolidation of trading today and yesterday on the faster chart now at .0007 and a pennant has formed,,,tomorrow could be move up day,,good luck to every one, i think this stock is nont left for dead as it has become a good accumulate with good news coming

yes right,,no problems. your offer being higher than the current board offer, your broker always supposed to get you the best deal for you their client,, unless sudden changes on the market maker baord were to happen higher, you would be sold to at best offfer, not worst,,your offer of .0008 would be worst for the market maker board today. here they aslo protect you from the unscrupulous seller to try to jump current best offer still unfilled of .0007. good luck to your buy!

good job so far to current retailers holders,,,allow sells volume to dry up! you would see if you don't sells,,no one will anymore because shorts won't spend more $$ to only move it down by themselves as thers no more return for them,,,then sideways bottom turn into up. they wait for you now to keep taking yourself down lower!! a very cruel game of them but you can choke it off

all other sell trades today i see are of very low volume,, these are not of retailers! what i see last few days,,only big sells come through are retailer holders givign up(which is their hope) as its called retailer fleecing

see,,,this is why i tell you it is shorts. look at today first trade is only 15T shares sell at .0006 (bid)! who would sell that? it equal $9US! they always want to keep making it look red so more of retail holders sell more!! all games and retails holding now builds in this bottom and triggers buyback and cover,,,thats my opinon good luck to everyne

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i think you are on to it sir,, at least as low place to start in the open market! from here it goes up. so far its all make sense. delay filings and news until price drops to here then do buyback and relaease great numbers and news to catch shorts napping! makes perfect sense to me

i think many who left for dead might be sorry when it begins rising again,,i looked at the chart again and here at .0007 is same support as in novenber and december of last year so this should be bottomed now. i loooked at last pr announcing 150 million buyback and that was 4-13. so not that long ago altogether.

also, i looked at company website,,,which isvery nice and current complete with pictues. this does not look like any scam to me or i wouldn't have bought shares now,,i think potential here is big from this level
i can see since price had already dropped, they would allow it to fall to here before buyback begins now, i think we will see price just explode one day now unannounced,,which is my opinion

sorry to hear from your loss,,but keep your eye now on the stock for when it moves back up and then you can jump back in to make some back. never turn your back on the one that bit you just as then you can still get back some,,

i think this one is close to moving back now since so close to actual bottm, remember that they are still working on buyback, when that hits shorts have to run or shorts have to realize gains anyway from all the way up at .009, in my opinion this was easy for shorts to fleece investers because the company's haven't been very good releasing informtion. but once they do better, this stock will move back up,,,looks lthat way to me

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thank you wizardofodds. and even besides yours revenue estimations, there is all kinds of variables in the picture for new funds if necessary (other than shares), new deals inked and so forth. this company has all in line jsut awaitingsome big news. i believe that being connected to mobile device, ipad, iphone etc.. is big growth potential any day news could come of soem new breakthrough which makes stock liftoff due to heavy cover and low float!

if only 242m is in the float as of march22, and 150 shareholder as of march22, i can only wonder how much lower the available float really is? see? depend on how many share are held, maybe even 100m sh are held so that would only leave 142m available. one of the lower floats then that i would know of!

also. if anyone saw last trades sells, NITE reduced his bid to .0091 got some seller, then raised his bid up to .0092. thats how they toy with the spread and the daily trades at this stage where there are few sellers left anymore...good luck to you!

thank you jotuk6771. im sure many here know to which i refer. mm's always want to accumulate as many shares as they can so they try to scare others into selling theirs away. and whoever at the helm just waiting for to make sure the downside is done which i believe it is. but today is 17th day hanging right around .01, that's why I buy now. And this 2nd leg began first week of January so completion is very near. I like the company has diligence to have a current infomation ticker. how many pink listers bother to have that! it shows me they care about doing things right way! most comapny have limited or stop sign or no info or warning about beingn unsolicited. not here!

OTC Market Tier
Pink Sheets Current

and that even with share increases to now, still less than 300M sh released on the table. That only means the stock has big power to move up quick! as most company share counts go, this is outstanding to me.

this is good information that they keep allthe numbers updated through March 22 and float is only 242m! this price can move very fast with this low of float when tim eis right! how many other companies make sure all info is kept current?

Estimated Market Cap
$2,586,369 as of Apr 15, 2010
Outstanding Shares
269,413,425 as of Mar 22, 2010
Authorized Shares
300,000,000 as of Feb 26, 2010
Float(shares)
242,498,923 as of Mar 22, 2010
Number of Shareholders of Record
150 as of Mar 22, 2010

I like what i see with this company with addition of new IR person and consultant. great move and it seem she has good connections and knowledge of the game. especially this game because she was a bond trader before! she knows this is a heavy toying with situation.

so see? staker never give any facts like this, he just whine about his bad day or life! that's why i post today. i hope every one has a great weekend!

hello, been watching this trade for a while from the sidelines and if you're not sure by now, this down move is nothing but contrived.

I just took position as now is the time to buy in my opinion. This now is the ending of the second leg of the big takdwon post r/s in June of last year (this is always predictable!). There was one big cover at very end of last year, and then the reshort down to here. Soon will come the 2nd cover.

haven't posted at all until now on here but after todays comments by this staker, I can only say what an idiot he is. No basis other than whatever his sad story is. Suggest just leave him be since from what I read on his posts, he's wrong on just about everything he says including today. They are still toying with it a bit longer and today was a typical shake out. Means nothing regarding the company. remember this is a stock solicited by mm's. Whoever is at the helm of playing with the stock came in with a bunch of 5000 sh sells to scare away buyers on a news day. same old trick used just about in every ticker. If you watched level2 you would see what happened. And a large spread does not stand for dilution, wherever he gets that. I've watched this trade more several months and the large spread is common throughout the day in its pattern. more toying.

sorry staker ths pr was not fluff today as finally their prs are beginning to talk about better revenues. that's what's required, rather than just new app, new app, newapp as in the past...so progress being made there. but revenues are not fluff! the next pr that gives big news will mean the end for whoever at the helm. i saw there is a big deal relationship signing that was pr'd a few months ago that is supposesd to happen Spring 2010. that could be what does it and could come any day. even monday! it's spring!

from my opinion, this is the lows and the stock soon will take back off. I see a huge leap of price soon to take place. suggest just leave staker be and ignore his uneducated commentary! i look through his posts and see how he is also toying with this board always switching his opinion from having shares to not and back. nice tricks! wish everyone a good day. exxcept staker who will be just fine with his miserable day!