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Great post.
Are you going to hop on board with all of these amazing events?
Great post. It exposes the doublespeak quite well. There is no way they acquired Builders Choice without getting any of the debt.
Impossible since Builders choice has substantial debt, a sizable tax lien and active UCC's that encumber each and every asset of the company, both future and present.
There is such a thing as an asset only purchase, however with the active UCC's that is impossible here. JD threw that line in there about the liabilities because he knew it would be very easy for people to do a quick search and find out how much money they owed, for scamming on payroll tax no less.
That PR was to do what every other PR was for. To artificially bump the share price for dumping.
As you can see by this aquisition..the company is projecting to double their 2010 estimates..I believe those estimates were above $10 million..Doubling that would put estimated sales above $20 million for this year..
So they have lowered their projections from 100 million to 20 million? Or is it lowered from 22 million to 20 million?
Why not just say 1 quadrillion? Are they using dinars?
There is no way to twist this into a negative.
You meant to say there is no way to twist this pile of crap into a positive. No success will be seen from this so called deal.
Well except for the share selling success it already generated.
A typical fuel tanker carries 9000 gallons.
Nope. A typical load is about 7000 gallons. The trucks can haul more than that but most states DOT regs don't allow it.
Baloney. JD would never say the moon is white.
He would say he believes that on some future date the moon or something else may appear white and he intends to possibly look at it.
then the only thing that can change is the value assigned to them on paper.
I fail to see the argument you are making here. What they are worth is actually quite relevant. If they actually should be valued at only half of what they are, well that is very important.
Happy to help.
From the 8k...
Therefore, the above mentioned filings and related financial statements should no longer be relied upon.
Right there in black and white. Relying on them would be like, well, calling honest John a liar.
100% undeniably true is a 100% false statement.
Their filings arent accurate. They are being revised. Hope this helps.
Is this like that easter bunny riddle where the punchline is zero, because it is a figment of your imagination?
So I say zero.
Yep. Everyday I see lies being told about this company. People trying to pretend it is actually a legit company. It is sad the way they are trying to scam investors. Thatnk god there are a few of us that warn the others.
That was a nice little pump by management to tease investors and rip them off again.
"Hey investors. Expo hasn't done squat, but we are going to write a tricky PR and dump some shares. Have a good Memorial Day. BTW we are also lying to you about the shares being sold at .001. Please don't read our SEC filing that proves that."
I hope you have a great weekend! At least you know JBII won't go down Monday.
Saying anything about this company that doesnt point out what a scam it is is truly a disservice to people.
They lie. I have proven it. They are losing money like crazy(on pace to lose more than last year). The filings prove it. They dilute like crazy. They sell shares at .0001.
Those are all facts. Deal with it.
I have been dead accurate though. hahahahahahahahahaha.
Where is your link that shows legitimate business activities?
I have shown links that prove that ARTS is a scam, yet you can't show any links that show any legitimate activities.
Sucks for investors.
http://www.marketwire.com/press-release/Artfest-Acquires-Luxor-International-Valued-at-10000000-1171217.htm
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.
Nice try. It's a scam.
reporting net income of $116,300 for the fourth quarter December 31, 2009
http://www.marketwire.com/press-release/Artfest-International-Inc-Increases-Revenue-4th-Quarter-Ending-December-31-2009-5400-1164532.htm
Yet their own filing says otherwise.
So hmmmmmmm..... PR one thing, but file another?
Yep scam. Nice try
R/S helps the company continue to rip people off and line their own pockets.
Where is your link to the 10k where it says the same thing a month earlier???
How about your link to the PR where they say they acquired them, not that they intended to acquire them?
Scam.
You mean to show the end of dilution for now
How long did that last????
The buyback update was such a scam. Loved all the posts stating it signaled the end of dilution, lol.
If you head to J. Murrey Atkins Library at
University of North Carolina at Charlotte and
look up box 40, folder 29 and grab folder 498,
tell me what it says.
Funny that they say they are going to pay it in monthly installments yet from one filing to the next no money was paid.
Scam.
Signing on a guy from a company that doesn't pay their payroll taxes is a huge feather? A guy who filed bankruptcy years ago and has 100k in tax liens?
What's next? saying that they have an x in their name is a grand accomplishment?
what is best for the LONG TERM
of the company is coming at the expense
of the *SHORT* term .. and
that will always *impact* the pps
Too bad that long term just never seems to happen. It is always in the distant future. Over and over and over. Future, future, future meanwhile the PPS and shareholder value go down, down, down.
It is what I call a number one sell indicator.
To me, this means the deal is done as it is in line with what was said and no other PR's came out saying otherwise.
Did they PR that the luxor deal hadn't happened yet?
Nope.
Scammed.
I will let those who wish continue to put their spin to the filed form D......but I was assured again yesterday that NO "PP" this time around was discounted
Why call simple math spin????
It is right there in black and white. They clearly are selling at a huge discount and it is a fact.
JD is lying again if he told you otherwise.
you know a company is crap when it is big news that they O/S hasnt gone up the last few days, lol.
Wait they started in 1997 or 1994?
Their website says 1994. NC website says 1997. Interesting.
so that makes it ok to not pay their employee's payroll taxes????
You do realize this means they withhold it from the employees and then not pay it to the irs?
Do they have them dating back to 2008? Do they have 6 of them?
Who cares? They have 100k in tax liens. That not enough "legal action"?
Nobody wants etc. cabinets so they decided to buy a failing company in order to pretend it was bringing in huge sales.
Hahahahaha
This company was likely going out of business. Either that or they just find it fun to not pay their taxes and love getting tax liens in excess of 100,000 bucks.
Also knowing shareholders(not insiders)including myself holding now somewhere around 560 million that leaves 169 million shares to be passed around in the float. IMO
The float is easily several times that.
To make the decisions they have without having to have a shareholder vote we know the insiders have to own at least 51% of the O/S. That would be 757 million of the 1.486 billion....to do that they could not have sold in the pump & dump.
Absolutely 100% false and uninformed.
Its called preferred stock. Read about it.
You are also assuming that these shares being dumped by the company at .0002-.0003 arent going to insiders to reload the shares they dumped.
.0001 certainly looks imminent, unless they R/S before that.
Maybe they could PR the stanley deal another time? Maybe three more times?
Was that before or after he said they would increase the AS?
The conversion price for some of the shares was .001. For example the debtholder that turned 2300 into 2.3 million shares.
However plenty of shares are being done at .0001. 10,000,000 shares for 1k is .0001.
also...
On March 18, 2010, a holder of our promissory note converted $1,500 of the principal due on this note into 15,000,000 shares of Common Stock
Thats .0001.
During the 1 st Quarter 2010, a holder of our promissory note converted $20,400 of the principal due on this note into 204,000,000 shares of Common Stock.
That's .0001.
Why would I read page 15 of that filing when I can read f-11 of this one.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7271831
If you grab a calculator you will see for yourself.
They are issuing shares at .0001.
Sucks huh?