ok so i did some more reading of the 8k.
Two points.
1. The debt thing is nothing bad. Basically it just says that the investor will pay the money either directly to the debtholder or it will pay the money to Artfest and then require artfest to pay the debt. No biggee here.
2. The dilution is spelled out clear as day in the 8k. Let me clarify...
The 8k lays out an agreement where the investor (sunny side) will basically buy big chunks of stock from the company. In $50,000 to $200,000 dollar increments up to a total of $5,000,000. At the time of this agreement the company had 410,000,000 shares O/S. Well if the authorized is 500,000,000 that left only 90million shares. 90 million shares at a price of .002= $180,000.
Where is the other 4.8million dollars worth of stock coming from?
Yes. Dilution. Unfortunately without a big pop in PPS we could be looking at as many as 2.5 billion A/S with about 2billion O/S eventually.
