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I noticed he did not say there will not be another RS.
Kais,big companies don't buy penny stocks valued at 01 cents.
I think we will probably be fine here.I like noobis and the gold site.They have to be making money because the price of gold is very high.Alot of people I know have cashed in old gold for $700 dollars or more.
Bsb if done like Ebay will produce results.Remember they said they are redoing it.
The only thing that will kill us is a reverse split.
Scooby did you talk to mr Black or this is your opinion? Do you have an e-mail transcript to give us?
My two cents for what its worth is EV is going to do whats best for him not his investors. He finally alluded to the fact that he is selling shares in the e-mail to pete. My opinion is that he knew from the beginning that it would be brought down from 25 cents to 0001 so imagine if the stock is shorted all the way down. Tons of money was generated shorting and diluting all the way to nothing. Now as he said these things are not illegal,this is why he justified his actions. Although it is not illegal unless there was inside information along the way,I believe like Bux, it is highly unethical to portray yourself as doing all you can for the company while you watch the PPS driven into the ground.
of course there are those of us who may have made bad decisions and get angry when they loose money by bad corporate managment.
There is always a reason for people to post on a board,they generally have some money on the line whether its fliping as it goes up or shorting when it goes down. I do not believe people post out of the kindess of their heart just wanting to save others from the corrupt ceo.
Patcman could you have been one of the many shorters making money on the way down?
NO,I hoping he will leave it alone and let it runs its own course.I'm not a fan of his but it should be trading higher than it is at the present moment.
Before he reverses I hope he has some heart and lets some of us earn at least half back.
I've tried e-mailing him but do not get a response.I guess he doesn't want to hear from investors who lost 99 percent.
I think EV forgets that he is and has been using OUR money. I understand he has a vision and a plan but you have to keep your shareholders in the know. He has NOT told us in one pr that he has been selling shares to finance his operation.I would be more understanding if he was honest enough to tell us he needs money and will sell to finance projects.
I've been here since before the reverse split when nobody posted. When the price tanked everyone jumped on board saying what a great company lol.Now that it is even cheaper, just about flatlined we have a new breed of people thinking it's a great buy. If not providing us with money at least we have entertainment!
This agreement will go about as far as Luxor,the piccaso and the dividend.
I expect even with good news it could hit 0007 or 8
How high can this go with 20 bil outstanding any guesses?
If you look on the pr around the time of the supposed Luxor acqusition, the reason for the RS was to move to a higher exchange. I wish there was somthing to get excited about but the writing is on the wall.
I can't figure out why they still have the updated share structure of 50 mil still on there website.What is their point?
There have been people bashing EV since 2005 on scam.com,so this is nothing new. He realy has a bad history.I only wish I would have seen that before investing in Artfest.
I'm in the same boat you're not alone
This will never go anywhere because EV will not let it.
It was very evident yesterday, he put that pr out just to sell some more. This is going to be very difficult to make it to 001.People will sell on the asumption that EV will sell so this has an up hill climb has high as everest imo.
After the 20,000 to 1 reverse split?
"I'm very happy to see the vote of confidence from our investors. In these economic times, it's very encouraging to see that our investors are behind us at Artfest International.
HA HA HA lol
Their webite is not being updated. Why in the world would they still have the old share structure from 12-09?
To you and all those still supporting artfest I hope you are right and I'm wrong because at this point I would at least like to make half of my money back.
We seem to have for gotten we have fallen on one of the worst economic times since the great dpression.Art is a luxory now, not many people are spending money especially on paintings right now.
look at the history of EVFN earth biofuels first.
Yes it does take money to make money,but his way of of doing it is way to secretive.If you are taking money from your shareholders you are obligated to be honest and open.This is called a fiduciary trust agreement.
Honestly I just don't understand how a ceo can sleep at night knowing full well you caused your investors to loose everything.It just doesn't sit well in my book.
Maybe he is in Russia!
down over 7 grand here
sorry typed this before I saw the 20 bil
Is all EV has to do is put out a simple pr stating NO upcoming RS and that will greatly increase investor confidence and do wonders for the PPS.
I emailed EV enquiring about whether there would be another reverse split but to my amazement he did not respond.I really don't have a good feeling about going forward.It is really ashame what they did to their sharholders.I kept hanging in there from 10 cents and averaged down acouple of times never figuring in my wildest dreams they would drive this to 0001.Pretty soon my broker is going to call and tell me I owe HIM money.
Ev has some trick up his sleeve and it is not going to be good for shareholders.I believe a RS or some kind of merger where current investors get taken.
Hell I've been taken for 99 percent.
The whole reason for the last RS was in EV's words " to increase shareholder value to qualify us for a better exchange" lol
I have absolutley no faith left in this company.
This is eerily the same pattern arts took before the last unannounced RS.No pr's for a while and Wham!
Maybe we are just asking too much from EV, after all it is just a penny stock. I knew most of these are pump and dumps but did not have the discipline to unload at a twenty percent lose. It has been a hard bitter pill for me to swallow the last 11 months. Now I am certain my trading will be diferent after this,if I can recover any money.
One way or another more investors will get taken again and we will hear the phrase that it was done to " increase shareholder value"
Yes I thought we would see pictures of a big conference center with alot of investors and ol EV standing at the microphone taking questions.
Serafin I'm willing to wait also,actually I have no choice now.This has been rehashed many times but I'm still concerned about a RS.I emailed EV but have not received an answer.