Artfest International, Inc (fka ARTS)

[IronNippalz]

What documents exactly would they need to file in order to sell shares? Not picking a fight as I don't see anything way out of whack below (about 10 to 11 million unaccounted for )but saying that ungagging a TA is BS is mind boggling. That is the only true way to get a value for an investment. But back to the first question, seriously, what document would they need to file?

Authorized Share Count: 500,000,000.
Outstanding Share Count: 213,263,003.

As of November 19, 2008, the Registrant had 168,763,003 shares of common stock outstanding.

As of April 10, 2009, 213,263,003 shares of the Issuer's Common Stock were issued and outstanding.

In February, 2009 the Company issued 12,500,000 restricted common shares to consultants and advisors in lieu of cash compensation.

On March 27, 2009 the Company issued 17,500,000 restricted common shares to a former employee, Jacob D. Cohen, as partial payment on a Convertible Promissory Note, dated June 1, 2008 in the amount of $87,250.00 bearing interest at 10% per annum in lieu of a cash payment. The shares issued represented a partial principal payment of $43,500.00.

On April 1, 2009 the Company issued 14,500,000 restricted common shares to a former employee, Jacob D. Cohen, as final payment on a Convertible Promissory Note dated June 1, 2008 in the amount of $87,250.00 bearing interest at 10% per annum in lieu of a cash payment. The shares issued represented the final principal payment of $43,750.00 and accrued interest of $7,144.00.

"If the company that issued the securities is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for.

http://www.sec.gov/investor/pubs/rule144.htm