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Did I read the financials correct? 11 billion outstanding and 100 billion AUTHORIZED.Holy #$%&
Volume is slowly picking up folks,maybe good news is around the corner.
Aaron I hope you make it all back and then some.
There are too many unanswered questions with artfest.Not pointing fingers but too many of us do not want to ask any hard questions.Most everyones style is a lotto investment I guess.
Lol my average is 013.I'm laughing so hard I want to @#$% myself.They done sucked all my money out at 01 and 003.I believed their hype when they did all that talk at 5 cents.Oh well it's a gamble I just wish they would have been honest.Don't feel bad for me I know this is Vegas style gambling I'm just venting .
Not only the sculpture, they still owe luxor $ 990,000 from the deal that was supposed to be consumated last fall. Shareholders at the meeting ask EV how and when he will pay that back.And what happen to the 10 t0 12 million dollars that was supposed to be put on our books from luxors art.It is not mentioned in last financials.
would'nt it be nice if they informed us.The website still has not been updated from 12-09 stating 50 million os.Why do you suppose they have not corrected this.
The last open house with shareholder meeting they had did not do much for share price.It did go down though lol.
No recent news Mick, but I have a feeling things will be looking brighter before the end of the year imo.I think they realize their mistakes and learned from them.Noobis is a legitimate company doing good things in western new york.
I am personally tired like Pete of a bunch of what if's the company and followers produce.This was 10 cents post sneaky reverse split and was diluted like crazy without ONE explanation by the company.The PPS would respond if management would have take the time and be more honest with shareholders.This stock has a following now because this is in triple zeros.Where were all the believers when I was supporting this at 5 cents 3 cents 2 cents and even 005.
If there is no reverse split by the end of the year it should have life again.They are earning money and seem to have learned their lesson.They are going back to the old format that was originally intended for BSB.The gold site is going to be expanded with an online company and Noobis has alot of potential I believe.And like I said before the market conditions in general are depressed and it seems most pennies are not doing well now.
I guess I could loose if they do a reverse split but I'm down 5 grand and I'm gonna see it through.
Most penny stocks that were in INAR's price range of 003 last summer are now in the triple zeros.I think it is a cycle that the pennies are going through right now.Did management mismanage BSB Yes? But Noobis I believe will pull them through this.Just my opinion for what its worth.
No nothing new here, just trying to stay optimistic.I can't loose anymore money, even if they do a reverse split at 0001 lol.
Does EV really have the kahunas to dilute the @#$% out of this and do a reverse split AGAIN?
I've been in this stock for almost a year now.I started very optimistic and tried to be supportive while a bunch of people bashed the crap out of this.I never would have thought it would slid from 10 cents down to this level.There was no need for this to happen had management been totally honest with us.I think they paid too many people in shares and everyone is selling to gain somthing.He has way too many projects in the works he has to pay for, that is the problem.He has a nice little business with CSD that is making money he should have stuck with that for a while. What about this performance lifestyle channel,How is he going to fund that and the art channel infomercials.
Questions to ask:
1. How many shares have been issued to employees for pay since September 2009?
2. What is the status of the infomercial on Nature’s Sleep Foam Mattresses? How is it being funded?
3. What is the status of Rhupert the Ostrich series? Has anyone been interested in picking this up? How will it be funded?
4. How do you plan on paying debts for 2010? With shares.
5. Why don’t you have an investors page that displays the current float and outstanding shares? How many Outstanding Shares right now as of today?
6. How did you fund Jumpstart Inc. to do marketing?
7. How many shares have been paid out as compensation and to whom?
We as shareholders need to know.
Michael Black, CEO of InternetArray. "We like our position in the marketplace and are going to be very aggressive in the upcoming months with our various business units and creating value for our shareholders. Of these business units, we are most excited about our investment in Noobis."
Com'on Mr Black lets get YOUR pump on!!!!!
I think people who really know Artfest equate it with scam until proven otherwise.A pr explaining how much dilution there has been to date and exactly what the money has been used for.It is the least you can do for your shareholders.A touch of honesty would be great EV.
Yes I believed in EV's rhetoric and got screwed with his sneaky reverse split.After the reverse split I was averaged at 10 cents.I averaged down as much as I could with some extra money and am currently averaged at 013,beautiful uh!
Yes, I am bitter.Never once did they publicly say that they were diluting the @#$%& out of this pig.I recieved emails stating all is great, meanwhile I lost 95 percent which equates to 8 grand. I am not asking anyone to feel sorry I am just trying to get people to not fall in love with his pr's because you will get burned.The board is full of posts now because he diluted this from 10 cents post split all the way down to triple zeros so now, people think they are going to get rich when they look at the chart. So this guy does not care about his investors.According to his pr's this split was to build shareholder value and get us on a higher echange lol.Reverse splits really are meant as an exchange, less shares but a higher price not to hose your shareholders.So my advice is not to believe him and flip the hell out of this but do not go long.There is plenty of info about his past dealings just do a google search..
Compare these pr's from 2007 and 2010.They are identical,the business has not grown.Membership to over 2000 by end of 1rst quarter 2008,now it's supposed to be 2000 by the end of 1rst quarter 2010 lol which is it EV.
Art Channel Galleries currently boasts over 500 Members who were acquired during a beta-testing of the software in late 2007. In conjunction with Artfest Networks, the Company's syndicated TV programming, Artfest Auctions, online art auctions, Artfest Galleries, the Company’s up and coming brick and mortar galleries, Art Channel Galleries is expected to see membership increase to over 2000 by the end of the first quarter of 2008. The success of the trial run validates the ease with which the software facilitates the sales process for Members. Artfest management anticipates that each new Member will equate to revenue of approximately $6,700 by the end of the year.
Based on the direct marketing performance of companies including Herbalife, Mary Kay, Avon, and Home Interiors, Inc., Artfest anticipates its current membership of 500, acquired during beta-testing of its proprietary system, will increase to over 2,000 by the end of the first quarter of 2010. The company expects membership will eventually grow to 10,000 by the end of 2011. With estimated per-member revenues of $6,700 per year, Artfest projects annual revenues of approximately $60,000,000 by the end of 2011 from its Art Channel Galleries
For starters reputable companies inform their investors when they are going to screw them with a reverse split. Second, after repeatedly denying to investors via e-mails that you are not selling shares and doing it anyway is not very forthcoming.Oh I forgot, these things are to "increase shareholder value" like EV says.The reverse split and the supposed purchase of Luxor were supposed to get us on a higher exchange lol,as he said on a pr back in november.Yes, those who bought in trips will make alot of money when this gets pumped to a penny but I do not expect anything more, especially from his grandiose claims which he has been making for years.Just go back and read his pr's from 5 years ago.
I don't know if you have been in this stock long enough but I have and am very skeptical about what management says,because historically what he says and actually happens are two differnet things.I'm not saying this will not run, but it will be on rumor-speculation and MM games not because of hard concrete facts on the ground.I've been through too much with this company.Good luck to you my friend.
I personally do not expect the pps to move until people start to see the dividends show up in their accounts.Also the sculpture needs to be sold if they really bought it.Maybe we will get a pr stating they actually own Luxor too after lol.
InternetArray is analyzing the market and development for expanding BidSellBuy to re-launch as a generalized auction site including all items instead of travel focused.
They said they are changing the concept back to include other items hopefully that happens soon.
This is an old article but could prove very lucrative for Noobis.
http://www.thefreelibrary.com/InternetArray's+Noobis+Plans+China+Expansion.-a0193897942
If they do not do a reverse split we should be all right.If they come out with a pr stating they are redesigning BSB to compete with E-Bay and cragslist head to head and are planning a share buyback program, we will be back in the 003's in no time.
Many penny's are down in the trips now, I think we are in a cycle now which should reverse in the fall time. If things go right I think we will be back on track.
Stervc,thanks for sharing your thoughts they were helpful.
Good for you bad for the bagholders that belived his hype before dilution began.I'm not critizing you I would be happy to get in at this level too but they sucked me dry at 003.Gl I hope you and everyone else here makes a fortune.
I know it is my own fault for holding this thing too long,but when you have the CEO of a company putting out forward looking statements like EV has it makes you wonder. I'm not saying he has lied but nothing he said has actually materialized. Why is he paying himself $190,000 dollars a year with compensation for a company that is trading in the triple zeros.From 10 cents down to 0003 cents.That is my money and your money.I have no problem with CEO's makeing alot of money as long as their shareholders profit also.
I second that I can't wait to get out of this crap.This bagholder is averaged at 1 penny to break even and that is after averaging down 2 times.I really got snookered by this guy.
yeah! I do not know.
Everything was a sell today I didn't see any buys.
I've been in and watched this stock now since before the last reverse split.I know people here are expecting a huge run but thats just not how this stock has been traded in the past.This stock is a one hit wonder.It might take off huge for one day and EV sells off and it comes crashing down so I do not expect anything more now.I'm down 8 grand and would be tickled to just make my money back.As for going long on arts I'm personally gun shy after the last sneaky reverse split EV did without notifying his investors.I'm sorry I just don't trust this guy.Luxor has not been paid yet since last november and this was supposed to help us get on a higher exchange lol.
I have no doubt this thing could spike up to 003 in one day which is good for those who bought in the 0004 range but thats all there will be because everyone will take their profit including managment and everyone else who he paid in shares.This company has a huge hurdle to climb to get investor confidence back.
I'm a bagholder who is down alot of money becaused EV diluted the crap out of this and killed shareholder value which he claims to be building.You must be new to this board and stock do some DD.