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we are down over 20% currently and were down as much as 38% and there is no sell off?
How can this kind of misinformation be posted here?
There is reason to have some optimism for the future of this company. They have some things that could be big money makers.
Just make sure you do some digging instead of listening to pumpers who only say 100% good things and call people posting 100% true things liars.
good to see some upward movement here. I tend to sometimes forget about this stock because of the dead lock we seem to have.
hopefully word can start to spread. I really love looking back at the history here recently and seeing how consistent this stock is. I cant believe how well it held up on some very low volume days. Good to see.
Hopefully the buys can keep coming in.
agree 100%. We just need some buying pressure and we could honestly skyrocket. I mean we have super low volume days with 3.5 Bil O/S??? Those shares are stashed.
we can start whenever you like. I agree that they have some things that could really boost PPS. Any PR with NFL or Dallas Cowboys in it, likely boosts it.
I think it will take more than a revenue PR. A PR that announces profit would be good too.
those are scary trades. That means that there was a pre arranged transaction.
I am seeing those happen with EXPH quite often. The nice thing is though is they seem to not affect the price.
If those went through in normal fashion, they would whack a lot of bids on the way down and cause the price to plummet. So be happy they are done that way, i guess.
aaron, I am sorry, I have been very busy this morning.
I honestly cant answer for certain. These things are always very hard to read. I also have lost all trust in this company. I will read it again later and try to come up with an answer.
I would say please proceed with caution here people. If the TA stays gagged we are in for lots more trouble. Just be careful everybody and please understand that this could be a complete pump and dump.
I had really hoped for profits this qtr. I am incredibly dissapointed and I dont think I will be able to trust this ceo again or their PRs. Especially with the stock promoter getting paid in shares.
here is the pr link.
http://finance.yahoo.com/news/Ideal-Financial-Solutions-CEO-pz-3481740452.html?x=0&.v=1
LAS VEGAS, June 22, 2009 (GLOBE NEWSWIRE) -- Ideal Financial Solutions, Inc. (Pink Sheets:IFSL - News), a leader in personal cash-flow management and debt elimination services, announced that the company's CEO, Steven Sunyich, plans to purchase common shares from the open market as sales and revenue continue to dramatically increase for the company.
this is not a company buyback. Sorry. That kind of speculation is just wishful thinking.
I think it is safe to say that any PR from 2 years ago about a stock buyback really wouldnt be valid. They have added shares since then.
Do you have a link to that PR?
the company has never said it will buy back stock. The CEO said HE would be.
the board meeting is to decide what to do with their cash. Pay off debt? Buy stock? Invest elsewhere?
This is honestly about as crucial of a board meeting as they could have for the PPS.
The right announcement afterward, and we fly.
here is my list of what I would like to see decided.
1. Pay off some debt
2. invest in something unique and exciting.
3. Buy stock on the open market.
thanks laura!
only a total of 1 billion for now. I will do my best to get the share structure info again in a few weeks and see how it has changed.
i think there is a great argument for this stock to go down.
They only had 39K revenue.
They are diluting and I can almost guarantee you they arent done diluting.
One of the nice things is that a huge portion of the dilution cant happen unless the share price closes above .002 for 3 straight days.
I think the dumping is almost over for a while. But as soon as we hit that .002 level dilution will keep us hovering around it or dropping back below it.
Dont try to ice skate uphill. If you can get out for .0014-.0016 I would say do it. It will be a bit before we are back to that.
This is just my opinion regarding the info available. I posted lots of info from the 8k and now from the 10q. I have been very accurate thus far. You can make your own choice, but I am very confident we will dip.
I no longer trust this ceo so I will not be hanging around unless I cant get my shares out where I want. I am just thrilled I got rid of half. WIsh I would have got rid of the rest.
You dont think having even a tiny connection to the NFL will create some hype and hope?
I do. I am not saying it will get back to even where we are today, but when that stuff rolls around, we should get a bump. You disagree?
I do think that once football season rolls around this thing will have some hype and get a bump for the PPS.
But make no mistake this thing is going to tank.
turns out it was under emphasized.
Look for it to get worse before it gets better.
i got slammed over and over for posting this information ahead of time. Nobody wanted to call the TA
welcome to the world of pinky finance. These companies are so dirty sometimes.
They sell preferred stock at that price. Sure you are correct. What you are forgetting is that in addition to buying the shares at .05 or .10 they also get tons of shares at .001.
Also, these companies arent always buying this stock. Frequently they are forgiving debt that they may not think they can collect.
it means get out and get out fast. Or it means hold and buy more for the really long term if you have faith in what they are doing.
The company diluted like crazy. Another 40 million shares since I got my info even. Over 710 million O/S.
They will likley keep doing it. I posted some numbers, which of course the pumpers didnt like to read, but who has been right so far? The guy who said the OS was over 676 million or the people who swore up and down not a chance?
They also only had 39,000 in revenue??? There are girl scout troops that do more than that.
you havent read the 10q yet have you? Check it out.
OMG they are terrible!!!!!! Timber!!!
Tony can start the apology line. Now you guys can see I am not crazy.
First time I think I have watched a Clay video chart where he actually makes a prediction. He thinks support at a penny would be strong.
Usually it is all pretty bland. I can understand why he doesnt want to make predictions, but just telling us what has already happened doesnt really help much. Telling us we are in an overall uptrend is not really news seeing as we were at .001-2 not that long ago.
End semi-rant.
latest share count for anybody interested....
A/S 500,000,000
O/S apx. 435,000,000
Just spoke to TA
holy cow this thing is a lead balloon. Why does it now tank? all of the uncertainty has been around for a long time. Is it because that NJ paper pulled their story?
I dont own any shares of this, I am really just quite curious.
You dont have to make up stories to be a pumper.
Your efforts to name call and lie about what rational people are saying is what makes you a pumper.
The moderator has asked for less bickering. I am done engaging you in this type of back and forth. You dont want to discuss. You want to tell me to go to hades and whatever other statements you have made.
If anybody else wants to discuss the 8k i am all ears.
Why would I reply to this yet again?
I have addressed this issue repeatedly. You just want to keep reposting the same thing and ignore the prerequisite data involved. You cant put the cart before the horse.
I consider the matter not worth discussing with you anymore. I will simply wait for the 10Q. You can apologize then.
I would love to say that was true. I am waiting until the 10q is filed to determine what i will be doing. If the numbers are good, I will add as soon as I can. If the numbers are garbage I will be gone like a fart in the wind.
please link to where I said 1 billion O/S?
Thats what I thought.
again you are stretching. Nobody ever said 1 billion outstanding shares.
nobody said there were "so many billion"
1 billion. ONE.
And like I said before $IFSL has 3.5 times as many shares as this, so 1 billion shares isnt a death blow by any means.
What was said is there could be as many as 2.5 billion eventually. But keep in mind each $50,000 deal with the investor takes probably about 30 days to fully complete. So it would take a while to get that high. Also if the share price runs, the number of possible shares added is drastically reduced.
So for example if we run to .004 we probably have an absolute max of 1.75 billion. At .008 we have an absolute max of 1.375 billion etc etc.
I would just like to clarify that any information that somebody calls and gets from the company and posts on this board is free from any risk whatsoever.
The people saying the SEC will call you on the carpet are not being truthful.
JD may get in trouble for sharing that info, but it is considered public information if JD is freely transmitting it.
Now if you were talking to JD and you overheard a cell phone conversation he had and posted those details, that could be trouble.
Otherwise it is fair game. The responsibility is on them to protect the info, not on the public.
Sunny Isles Venture, LLC (the “Investor”)- this is obviously the buyer
the Investor has agreed to purchase from Artfest 12% Convertible Preferred Stock from time to time- this is what the buyer will buy after certain conditions are met.
Artfest may, in its sole discretion, deliver a put notice to the Investor which states the dollar amount which Artfest intends to sell to the Investor.- this is basically a note, which is attached to the 8-k at the bottom that tells the investor here is how much you are paying us right now.
a new series of stock to be known as Series A Convertible Preferred Stock consisting of 500,000 shares- these are some new shares of stock created to generate some income for the company. These can be bought after certain conditions are met by both sides.
Each share of Series A Convertible Preferred shall be convertible, at the option of the holder thereof, at any time after six (6) months from the date of issuance- this will happen in the future and will of course lead to more dilution.
So there you go. point by point. All of these bolded points dont happen unless the other conditions are met. One of which is a crap load of debt being converted into common stock and dumped on the market. It sucks, but it is right there clear as can be.
I have already addressed it.
You have posted the details of the purchase of preferred stock. I have posted the necessary conditions for said purchase.
Why do you keep ignoring the necessary conditions? Do you know what the necessary conditions are?
I actually know that you get this. I know that you are just trying to make it seem like they are LYING in the 8k when they say things like "the Investor shall not be obligated to purchase Preferred Stock at a Closing (as defined in this Section 2) unless each of the following conditions are satisfied:"
You just want to get in one last flip before the 10q dont ya?
(III) the Investor shall have, in a private transaction, assumed at least Twenty Thousand Dollars ($20,000) with respect to the initial purchase, and thereafter Thirty Thousand Dollars ($30,000) of the Company’s debt thirty (30) days prior to the Put and the debt is converted into Shares and the Shares underlying the debt are delivered to the Holder’s account
(C) CONDITIONS TO INVESTOR'S OBLIGATION TO PURCHASE THE PREFERRED STOCK. Notwithstanding anything to the contrary in this Agreement, the Company shall not be entitled to deliver a Put Notice and the Investor shall not be obligated to purchase Preferred Stock at a Closing (as defined in this Section 2) unless each of the following conditions are satisfied:
This is like pulling teeth. I will try again.
The bolded part is about purchasing preferred stock. You are correct. In order to purchase preferred stock there are some conditions that must be met FIRST.
one of those conditions is that the investor must assume debt that belongs to the company. This assumed debt will be converted into an equivalent amount of common stock and will be given to the investor. You refuse to acknowledge this publicly because you want people to be fooled into only reading the bolded part.
This is pure deception on your part. It is very dishonest and there is no place for it on this board.