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short volume that will once again not have the corresponding volume to allegedly cover the shorts and will end up with miniscule short interest.
interesting to say the least.
actually no it isnt interesting. Why? because I understand the data.
Depends on how close to the company or the ceo you are. Freinds and family discount.
it says right in the 10k that the O/S is 681 million.
The amounts listed aren't all of the shares issued. They were the ones that were issued for debt.
What about the ones just sold? What about warrants that were used?
The O/S is accurate, its not a mistake. The last filings dont add up to all of teh shares in the O/S either.
200 million warrants for .0001 happen to agree with you on that one. IFSL hit a penny and they still didnt feel like cashing in their money yet. That would have net them almost 2 million dollars. Probably 1.5 million realistically when you factor in the extra selling volume.
I am disappointed with some of things in that disclosure and the fins, but I do like that anything Paul has ever emailed me or told me on the phone has pretty much come true. Maybe not in the exact time frame, but at least it does happen eventually.
Good to see a pink with some transparency and actual follow through.
what is up his sleeve is that he is conning investors. You cant just randomly decide that shares will be worth 10 bucks.
those shares will not be worth squat.
held tight like last time when they were dumped mercilessly?
so what is called when it is being promoted when they are doing around 2 million in revenue and are diluting?
2010 projections of 9-11 million not counting the 22 million dollar order from Lowes over the next 2 years.
I bet Expo does less than 1.6 million in 2010, continuing the downward trend. 2.4 for 2008, 2 for 2009 and then 1.6.
Why else would they be diluting at minimum 350 million shares at probably around .0005?
curious why the constant confusion and twisting together various
data put out by the SEC and FINRA as well as other data to make the actions of Expo Holdings as a whole as well as the actions by the CEO seem like they are legitimate?
I have to ask why?
Expo is and always has been a pump and dump, it just took two very well orchestrated runs by management for it to become clear for people to see.
You know the runs that they created by releasing 52 pr's in less than a year as well as paying for message board posts oddly enough right at the same time. You know the one where they PR'd the same very tiny deal with Stanley several different ways to make it look like they were doing big business all the while it was just an order for some plastic sheeting display inserts. You know the runs where there was massive dumping and conveniently enough insiders converted to common shares that were claimed to be restricted, but in FACT were not restricted at all. The TA confirmed it as well as the lying CEO who tried to pawn them off as being restricted by the SEC and subject to filing forms if they dumped, lol.
I always loved that little lie that management created. Might as well have said it this way...
Shareholders have faith in us, we are converting to common so we share the same fate as you! It is a good thing, swearsies. We won't sell, we have never sold, we will not tell you how many shares we have, and we wont file any forms regarding it, but trust us we wont sell. Ignore the massive dumping volume that you have seen, trust us it wasnt us. Forget that we told you before that we converted to preferred and said this in a PR...
We decided that retiring 38 percent of the common stock of the company would bring instant additional value to our shareholders.
See back then it enhanced value to change to preferred, but now it enhances value to convert to common, has nothing to do with the massive dumping that occurred. Pretend that it was naked short selling we like that one. Remember when we PR'd a long time ago how there was this huge short position against us. Blame shorty, thats what happened. Ignore the fact that there were zero FTD's. Only look at the flawed FINRA data.
Don't pay any attention to how we recently gagged the TA. That had nothing to do with converting back to preferred again. It was because the TA had to do a share reconciliation, because well our TA apparently doesnt do that on a daily basis. See and then we lost some certs on the ocean floor and I really really would file a form 3, but I just don't know for certain how many shares I have because when I try to get certs it takes weeks and weeks and so how can I know for sure????
Don't pay any attention to how we say we will be more transparent, but then we never do it. Come on guys cut us some slack, we are ELECTIVELY reporting. That allows us to lie to shareholders and say we will uplist, have huge contracts, great revenues, and then not actually do that. How dare shareholders hold us accountable for that! Oh and if anybody tries to speak out against us we will issue PR's and threats to try and shut them up.
I would like to thank our long term shareholders for letting us screw them repeatedly and enjoy our big fat salaries on their dime.
Thanks,
JD Clown Shoes.
converting to preferred would only be very beneficial if they also reduced the A/S after they did it.
i dont see any tune changing. my post clarified how JD is either a scoundrel or a moron.
On each of May 30, 2008, June 30, 2008, July 15, 2008, July 30, 2008, and August 30, 2008, the Company borrowed $25,000, $25,000, $25,000, $25,000, and $10,000, respectfully, by issuing convertible promissory notes, each payable twelve months from the date of issuance and bearing an interest rate of 10% per annum (“Subsequent Notes”).
The Initial Note and all of the Subsequent Notes were converted into a total of 191,141,923 shares from July 2009-December 2009.
So the company issued 191million shares for 110k???? Thats .0005 per share.
Bet you those shares were issued to friends and family.
During the 4 th Quarter 2009, the Company issued an aggregate of 24,622,428 shares of Common stock to various consultants valued at $.001 per share.
.001!!!
That is a huge discount.
before or after the expected fins(audited of course for a 4th qtr baseline), form 3's, and a short squeeze.
I keep having to remark my calendar for these expectations by the end of the month.
Wait, you mean expo didnt do something they said they would or left shareholders wondering?
Not possible.
I really wanted to see that demo. I would have laughed so hard when they simply lifted the wall cabinets off the walls or when they had detached countertops or 20 foot ceilings so the wall units could slide right up.
Would have been good times.
Instead we just get to laugh at what a buffoon JD is. Either that or he knows exactly what he is doing and is selling these shares to himself and family and friends.
You see people have to ask themselves. Why did JD wait until the share price was in the dirt to start diluting again? If it was truly to raise money for projects why not do it when the PPS is higher and get more money for the company and add fewer shares onto the market.
Then when you factor in the way this whole scenario went down and it becomes a valid question to ask. Did JD purposely wait until now to sell shares so people he knows or even even himself can load up at a lower PPS and then sell for quick gains. Then when they had a taste of it and liked the profits again because it had been a while that they were able to really dump a lot of shares, they decided to drop another 250 million into the mix.
It is possible that these placements are going for like .0002. Then they can turn and sell for .0012 and make an absolute killing.
But then of course we also know that JD could be just a complete idiot and have really screwed this thing up. We have several clues that both things are very possible.
The man lacks any character and we also know he writes like a 3rd grader.
Pick your poison. Scoundrel or moron. Doesn't matter either way.
They claimed they would have revenues. I sincerely doubt it. Unless selling millions of shares counts.
Is anybody surprised?
it will see .005 after the inevitable R/S
no, no, no.
etc. was an absolute bust, as myself and several others called the day it was released.
Upon further reveiew they lied in another PR...
reporting net income of $116,300 for the fourth quarter December 31, 2009
yet they lost almost a million in 4th qtr.
As of third qtr 2009 they had lost 450k for year end they report a loss of 1.3 million.
The SEC will let you get away with a lot, but this is absolute proof they lied during press releases.
nice call on the O/S skyhigh.
I didnt think it was over 635 million.
DALLAS, TX--(Marketwire - December 17, 2009) - Artfest International, Inc. (OTCBB: ARTS), a leading edge arts distribution company, announced today the company projects 4th quarter sales of $1,200,000, based on approximately $400,000 in revenues from Artfest Channel Galleries and an estimated $800,000 in revenues from its Charity Sports Distributors (CSD) subsidiary.
project 1.2 million and do like 200k. Nice one guys.
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.
Hasnt even actually happened yet, lol. Holy cow. How can anybody say that these guys are anything but criminals?
DALLAS, TX--(Marketwire - October 28, 2009) - Artfest International, Inc. (OTCBB: ARTI) (OTCBB: ARTS), a leading edge arts and sports memorabilia distribution company, announced it has completed the acquisition of 100% of the assets of Luxor International, Inc. of Frisco, Texas, a privately held company, for $5,000,000.
SEC will be getting a complaint about this. I think they frown upon lies. "completed". Ha.
Ohhhhhhh rogerrrrrr, where is the 10k?????
I love being right. I thought people were saying this company was profitable???
They lost over 2million dollars if you take away the 900k in accounting tricks. Guess we know how they posted a net income gain for 4th qtr when they barely had any revenues for 4th qtr.
Even with the scam accounting they still lost over a million.
681 million shares, lmao.
What a scam.
geeee. what a shock that the 10k isnt out.
i would be rendered useless. People wouldnt need my services to interpret what a scam this is. It would all be there in black and white.
Does anybody besides me wonder why this company operates with such extreme alleged secrecy regarding their contracts???
I mean come on. They are store displays. Military contracts dont function under such cloak and dagger terms.
the joy of actually doing DD
knowing the principles and
understanding the process
I absolutely agree. I am thrilled that my DD has told me what a sham this company is. I am thrilled I actually understand how the market works and I am thrilled I understand what the finra data ACTUALLY means.
I have done my best to educate many people on how poorly this company was doing and how they simply make stuff up over and over in an effort to sell shares and generate revenue.
They obviously converted preferred shares to common so they could dump them. They have probably converted back already. These shares probably have 100 to 1 voting rights so that JD and GH can always keep control of the shenanigans.
They might never actually file fins again because they know they can be disected apart and people can deduce what is actually going on.
You know things like how GH and JD owe the company 400 thousand bucks.
Seriously, who are these guys? Next thing you know they will be collecting "protection" money.
which rules out being unsecured...
All of them (with the exception of the auto loan you mention which
is not guaranteed by me). Don’t know what you mean about UCC filing for
the banks, but I assure you, we are the guarantors.
So they guaranteed the loans with what exactly? lol.
Might want to rethink before you click submit going forward JD.
If JD took a salary delay and then decided to pay himself that salary by selling shares all the while owing the company over 140,000 bucks, then he is a bigger piece of crap than I thought he was.
which part of the "They sell shares at a discount and then they get dumped almost immediately" was ambiguous?
I thought you were familiar with pinkies.
company sells shares at a discount. shares are then dumped on the market. Thats how it works.
Thats how it has always worked with expo too.
Is the o/s maxed already?
These shares are hitting the market almost immediately compared to when we see the o/s rise.
That means third parties are barely holding these things. They are getting their shares at a discount and dumping right away. As I said in my last post it could even be jd buying them at a discount and then dumping.
EXPH, PSGI, ARTS
yep. all scams.
dont thank shareholders, thank the company.
that is where the dumping is obviously coming from. They sell shares at a discount and then they get dumped almost immediately. Wouldn't even be surprised if the purchaser of the shares at a discount from the company is JD.
This company will NEVER uplist to something that requires a higher PPS.
They have been talking about uplisting for years and of course SQUAT.
There is zero indication that there is ANY CHANCE at all of an uplist. Never has been.
the BS just keeps coming.
A strong balance sheet by Dec. 31, 2010?????
How could they not already have one if they did 6 million in revenues??? Oh, thats right, they didnt do 6 million. Easy answer.
Unsecured loans? I thought that JD and GH guaranteed all of the loans. Thats what his own words said.
Oh yeah, I forgot, he lies about pretty much everything.
like others i fully expect *clarity* over the coming weeks
and not just the obvious
you mean like how this is an obvious scam? We have already received clarity.
Just a little real DD is all that is needed to determine for certain that this is a pump and dump. A concern from somebody I know back in July of 2009 sums this up beautifully...
He said that a large chunk of the shares are held by insiders, family, and friends. He said that none of them plan on selling anytime soon. That was good to hear. But the skeptic in me is concerned that if a large chunk is owned by these insiders, then there could also be a coordinated “DUMP” once the stock hits a certain price. Am I being paranoid, or is this a valid concern?
Then just taking a quick look at 5 randomly selected past PR's from Expo make it obvious exactly what happened here. Put all of them in a hat, pull out 5 and you are pretty much guaranteed to find either a failure, a lie, or something that never had any details and still has never been clarified.
Throw in there the proven fact that Expo has paid for posts on a message board and then of course his pitiful threats made toward me to try and silence me from ruining his pump playgrounds, and it is, as you say, obvious.
If it walks like a duck and quacks like a duck, it is a pump and dump.