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i agree for everything. why would they take out 250 million shares at $5. why would csd take .25.. why would luxor take $1.
THIS COMPANY WILL BE THESE PRICES...
the question is, when? no one knows that. it could be tomorrow? who the hell knows with this economy.
look at the link on the bottom for more info. "for $3,750,000 to be paid in restricted shares of Artfest International's common stock valued at $.25 per share"
so i can take that one of 2 ways... pre split at a price of .002 (just taking a guess) would make it 15,000,000 shares.. but if that number was affected because of the r/s then it would be roughly 300,000. so i dont know which is true. because of what the tearguy is saying, i would probably go with the 15 million shares restricted.
and then remember all of the other shares restricted. the 250 mill share restriction at $5 per share which post split would be 5 million shares..
the luxor deal was 4 million shares at $1.
then they said something about paying employees with restricted shares...
it all adds up quick..
i have no idea what else i missed. but from doing a little DD MY BEST GUESS would be the float to somewhere be around 25-35 million with the O/S somewhere in the neighborhood of 60-70.
http://artfestinternational.com/index.php/news-releases/2-news-releases/81-pr2009-0706
that was not the thing i was talking about but ok... i said CSD.. they got restricted shares at .25
where did you come up with this number?
the only thing though is remember, the magic number is .25!! after that (i cannot remember exactly how many shares) but the CSD shares will be released on the open market unless they too were affected by the reverse split.. not sure though.
well by looking at these charts you have posted, looks like our support is at .025-.03 and the next resistance points are .04 and then blue skies to .12... i hope she goes.. i need some money lol
hahaha very good point... i am starting to like this board now... after Elijah calls himself a liar and says he has 800k shares, and now after what has happened today... i love it..
is there any way we can contact you to speak to one or even some of us?
this is for verification purposes.. i am not doubting you, i am just trying to prove you are the real deal.
i cannot believe todays run, it was so unexpected!!!
and for your information, i have NOT DELETED any posts today. so if you have a problem, contact IHUB admin.
panic selling and mm manipulation now going on. stupid 5000 blocks..
and here come the bidwackers and profit takers
93%!!!!!!!!!!!
UP 67% HERE WE GO!!!!!!!
what did you buy in at and for how many shares?
why do people buy bank stocks when they have billions of dollars in losses?
why do people buy penny stocks in general?
WHY DO PEOPLE ON A CONSISTANT BASIC KEEP BUYING MTLQQ (the old GM) WHEN THERE IS NO VALUE BEHIND THAT STOCK!?!?!? the old company is bankrupt and they make no money (because remember GM formed a new company)
why do people buy stocks at all?
because there is a chance to win. there is a chance to double, triple, or in penny stocks case 1000% your money invested. so why not?
this company has lines of revenue, they produce a product, they (from what i know) have a decent business plan. yes they are a start-up company, but i mean come on, no company ever started at the top. yes they WILL DILUTE.. do they do it overwhelmingly? yes i believe so. but there are hundrends of stocks with a pps higher than this, that have no revenue, billions of shares o/s, and will never be anything, yet people buy them and pump them everyday. look at BEHL. in a matter of a month, it ran from .003 to over .15. SPNG ran from .005 to .285. IT CAN BE DONE. this float is low for the most part and all we need are a couple of good days to get interest in the stock and it will be uphill from there!
they can project numbers all they want. it comes down to the FACTS. which no one can provide FACTS about whether they have diluted or not (yes they have before, im talking about now). there is no FACT that they will make 1.2 million or say it is a FACT they will even do good for that matter. its a new year, new investors, new money, we shall see
i am giving it about another week or so to make sure this is the bottom, and if it stays like this or starts an upstrend, there is a strong possibility that i might purchase more shares... if it keeps trading sideways this is a sign that we need news to flyyyyyy!
see what happens when you tap the ask.. little more than 1.5 mill traded and up about 15-20%.. i love it.. just imagine when this thing rolls.
new week, new year, great things ahead. lets start the train!
if you look at the news, the day the news came out that we acquired luxor was the official day of the r/s... so 10-28-09
alright gotcha... im just saying that as of that date approx 47 mill shares were outstanding.. of that, the float would have been roughly 15-20 million.. but thats just a guess
no one has a clue as to what is it now..
As of November 15, 2009, the Registrant had 47,295,646 shares of common stock outstanding.
read sticky note 9570... first page of it
we did a 50 for 1 reverse stock split. thats why it was so low... read up and do your DD before you post false info!!!!!!!!!!
so basically its 15mill shares they can just dilute?
if the year end results come in and it says there is 60 mill shares O/S, then i will cry dilution like everyone else... but if its under 60 then we are all in for a big surprise
let me guess guys... DILUTION...
no i dont think so... still believe it is MM manipuliation... i think some people tried to get a run going earlier... but it didnt happen. not enough interest yet. esp with the hoidays.
can anyone tell me what this employee benefit thing is all about?
any updates on the shareholder meeting yet?
alright i will go look at mine then lol
where does it say that at. send the link. i tried to find it but could not
ahhh you cant leave us hanging like that!!!
i just did... now waiting on an answer that i probably will never get lol
wow i go to work and come home to see a gain... where did this come from!?!?! yeehaw!
no interest + mm manipulation + taking losses for tax purposes + holiday season + a little dilution = BLEEEEEEEEEDER
i got screwed from the reverse split just like the rest of us. my 1.5 mill shares turned into 28k or so. the last spike we had my account value was 13k. it is now a little over 1k.
I DONT FREAKING CARE HOW FAR THIS DROPS, I AM NOT SELLING ONE SINGLE SHARE. I AM NOT GIVING IN AND DROPPING IT LIKE THE REST OF YOU PEOPLE. I AM STANDING TIGHT AND HAVE FULL FAITH IN THIS COMPANY!!!
hell, i might even buy somemore within the next couple weeks,.
at this point to break the average i currently have, i will need a 10.68 bagger
besides being in your "honest opinion", how can you prove to me OTHER THAN THE PPS that the stock is being "heavily diluted daily"? you have no facts. just like the one guy here keeps saying, they dont print out O/S sheets every week. no one knows. who cares anyways, i will take being crapped on in the short run for being sweet in the long term.
as far as postings being deleted, it states in the User Agreement that if you are being off topic posts will be deleted. the Mod Squad keeps a close eye on this board so that is the reason why.
captain has said that he has no positions in this stock. i beg to differ though. a person cannot sit on a board and continue to talk to members if no position is there. i know for a fact im not going to read stuff that doesnt pertain to me. i believe he is the same. captain knows that this stock will sometime fly, but he is just trying to get the best price he can like all of us. while i do believe he bashes the SH*t out of this thing, he is somewhat true. i do however hate how he comes on here day in and day out and saying EVERY TRADE is dilution and how he says the same THING OVER AND OVER AGAIN. once was enough. maybe twice a month. but every single day i get tired of reading it and im sure other people feel the same way.
as for the others in here. this is your money. do what you want with it. why doesnt someone do something different and talk about something else. like how the art is selling or what we can do to make it go up. just do something else! gese!!!