I just wanted to share a couple emails that I have traded back and forth with Mr. Vasker today. Having done hours of DD on this stock, I now hold over 1.1 million shares, and was in this without knowing when about a month ago, I bought ARTI at .0019 to later sell at .019.
I was also in this for its most current run to .0085 and for one am a believer in Artfest International - What began as an opportunity for a couple quick flips has turned into a company that I am now holding long term.
That being said, I wanted to ask Mr. Vasker some questions that I was being asked, as I send out a stock newsletter to about 50 friends, most of whom also own ARTI stock.
Now, since most of you won't take the time to read the entire two emails sent back-and-forth, let me summarize what I got from this exchange with Mr. Vasker...
1. The CSD is VERY close to completion and PR:
"The CSD deal, and it’s part of general knowledge, will be closed any day now. It’s the catalyst for the start of all our growth and M and A activities."
2. The reason this deal has taken longer than expected is because financing of the CSD encompasses all the money needed for currently targeted acquisitions by ARTI
"Since the money will cover all the proposed acquisitions, this is partially why it’s taken so long thus far."
3. As there has been question to adding additional shares, Mr. Vasker gives a solid explanation of trading shares in lieu of spending cash, which I am 100% in favor of - keep in mind that cash shows up on revenue reports...
"Larry Ditto, who was Artfest original CEO, is working very close with the management to help with M/A and reduction of debt (via stock trade). Our goal, from trading stand point, is to apply for a major listing like AMEX…"
I for one have a renewed enthusiasm for Artfest International and Mr. Vasker after emailing with him this afternoon. I will continue to hold this stock, and that has been the concensus of those friends of mine who hold ARTI as well.
And we will take Mr. Vasker up on the tour of his facility and lunch at some point in the future!
Copies of the emails sent and received are pasted below.
GOOOOOOO ARTI!
Chris
My initial email to Mr. Vasker
Hello Mr. Vasker!
Just wanted to shoot you a quick email in regards to Artfest International...
I am currently a shareholder of approximately 1.1 million shares and have a network of investors that account for approximately 20 million shares in your company. I am also an active member of the ihub investor boards.
I was both encouraged and excited in seeing the recently posted first quarter earnings report as were the investors in my group.
Two questions are being asked and I was hoping you may be able to help. First of all, there are questions as to share count possibly having increased and to as why the transfer agent has been gagged if this is not the case.
Secondly, investors are extremely excited by the "partnering with CSD" being included in the report and are wondering what the status on officially acquiring CSD may be or when we might expect to see a PR with this acquisition news.
I understand you are busy and thank you in advance for taking the time to read/respond to my email.
Thanks Again,
Chris Herman
Sent on the Sprint® Now Network from my BlackBerry®
I received this response to my email...
Christopher, thank you for the vote of confidence . We are working on CSD and the other few acquisitions that we targeted.
Since the money will cover all the proposed acquisitions, this is partially why it’s taken so long thus far. I also appreciate and respect your position, as an intelligent investor you can add up the components of the deal and the market space that we are in.
No one is attempting to Roll up these memorabilia and Art companies, and no one so far has created a world standard for production, authentication and tracking of the items. So yes , Artfest is attempting something that is very difficult and expensive to do, however, it’s not impossible to accomplish. My management and production team is very seasoned and we have done this several times before. This time we are doing it for our own company, Artfest.
We are also involved with Television production for sports and Art, I see a tremendous future both for the programming and selling on the air. I don’t know at what level you and your investors came in, however, I know that both the company and the shares are severely undervalued. But, that’s why it’s a tremendous bargain at these levels. Most of my investors and insiders bought at a very high price, and we are all here for the long.
I’m personally intrigued by even the IHUB investors, who themselves came in at approx .0002 , and then the big issue was that there were not enough in the float, and now, there is a greater volume, but even then it’s so thinly traded that a $ 30 trade knocks it down.
I think that when we continue to perform and show the growth, we can expect the market to take notice and gives us a correct value.
Best regards,
-----------------------------------
Edward Vakser
Artfest International, Inc.
Chairman & CEO
After reading his email, I replied...
Edward, thanks for taking the time to respond. I know what I believe based on DD falls closely in line with the response you've sent me.
I appreciate the opportunity to give some of my investors the boost of confidence that your email conveyed.
Two last questions, is there an ETA on receiving the funding for the acquisitions? I'm under the impression that CSD is basically a done deal awaiting a monetary transfer...
And lastly, would it be ok for me to pass this email along to investors on iHub? I know there are a few ARTI bashers downing everyone's feelings towards the company.
Thanks in Advance
Chris
To which he responded...
Chris, no problem at all. I actually appreciate you investing, and therefore as much as it may sound patronizing, but I do work for you and all the other investors.
Also, I don’t want to “sell” you on the company, but I do appreciate a long term investors. The CSD deal, and it’s part of general knowledge, will be closed any day now. It’s the catalyst for the start of all our growth and M and A activities.
We also, as part of our plan, will acquire several media and production companies, the hint is very clear when you watch our “Corporate Overview” video on the www.artfestinternational.com , as Artfest acquired one of my family’s companies, there are several more. The reason? Assets, production and content, as well as media development.
Larry Ditto, who was Artfest original CEO, is working very close with the management to help with M/A and reduction of debt (via stock trade). Our goal, from trading stand point, is to apply for a major listing like AMEX….
So, I realize that people need to take profits, but who is to know how high we can get? In any case, the company is here, to grow and become a world conglomerate in our market space. So, since you and many other IHUB guys are interested, I would be happy to host a “show and tell” tour of our facility.
Our new space speaks for itself……and we are open 24/7….. and if you let me know when you’re coming, we’ll even cook lunch for you at our Artfest International Cuisine w/Chef Lou..
Best regards,
-----------------------------------
Edward Vakser
Artfest International, Inc.
Chairman & CEO
