53chevy, the difference between ARRT and Raven Moon is the ARRT dilution finances two ARRT subsidiaries, BZCN and RBSY. Thanks for the benchmark numbers. Here's some additional info to add to those figures. As you point out, OS on 12/7 (R/S day), was 51,584,631. ARRT almost immediately added a 110,000,000 S-8 on 12/12 which was soaked up by the OS within a couple of weeks. ARRT then screwed over the Longs (myself included) again on 1/3 with a choking 1.2 billion S-8 which is in play now. I just did a quick count and it looks like about 850 million of those shares have been dumped into the OS, making the current OS around 1 billion.
But here's where it gets kinda interesting. Even with a billion shares out, and with a pps of .0004, the ARRT market cap is only $400,000. For the last couple of quarters, ARRT has managed to generate $1,000,000 in revenue per quarter. So, the current market cap is less than one half of one quarter's revenue. And where does ARRT revenue come from? There are two active subsidiaries. First is RBSY which trades on the unsolicited market and has never earned more than a few bucks.
And then there's BZCN (.015). Here's BizAuction (BZCN) numbers:
Quarter Ended Revenue
------------- --------
9/30/06 $192,097
12/31/06 $223,123
3/31/07 $326,906
6/30/07 $438,764
9/30/07 $971,965
12/31/07 $1,010,183 (preliminary & unaudited)
So, though ARRT is a diluter who shows no remorse, I give them some credit for not diluting their subsidiaries. Even though RBSY is technically a Grey and BZCN is a Pink, they both provide financial statements on Pinksheets since inception a couple of years ago. Neither has been diluted much. And though ARRT caught me off-guard with the last R/S, it's playable down here if handled with care, IMO. BZCN, though, is my principle interest.
AI
