Artfest International, Inc (fka ARTS)

[andre1234]

Means the bad guys have more to sell.

"The Company intends upon obtaining appropriate stockholder approval and complying with requisite corporate and Securities and Exchange Commission procedures to merge into a newly formed subsidiary of the Company formed in the State of Nevada (the “Subsidiary”), which has one billion (1,000,000,000) shares of common stock authorized for issuance. In anticipation of the merger into the Subsidiary, during the quarter ended June 30, 2009 the Company issued 249,500,000 common shares to debt holders, investors, consultants and advisors in lieu of cash compensation."

http://www.sec.gov/Archives/edgar/data/1168738/000121478209000241/artfest10q063009.htm