"Hmmmmmm...I wonder where I got the idea you rely on PRs??? You yourself said that they basically directed your thoughts. lmao"
WOW yet another comment by someone who CAN'T READ. I never said their PRs "directed my thoughts". I said the reason I kept quoting the 1 quater numbers as the 2nd quater numbers was because THEY RELEASED A PR WITH THE NUMBERS FOR THE FIRST 6 MONTHS COMBIND!!!!!!!
I didn't get the "idea" from that PR, the EXACT same thing that PR said was in the 1 quater SEC FILING you moron. My only mistake was labling them as "2nd quater" numbers instead of what they are, which were the numbers for the first 1/2 of 2009 and not just the 2nd quater. It was just a brain fart on my part since they issued a PR along with the 2nd quater earnings that listed the numbers for the first 6 months. All I forgot to do in "some" of my posts was to labled them as "the numbers for the first 1/2".
What I love is people like you and Jim on your little "Dilute Dilute Dilute" train keep pointing to the past and saying:
"ZOMG LOOK EVERYONE! We have a penny stock that didn't make any money for the first couple years they were open and they had to DILUTE some shares! ZOMG ZOMG ZOMG Watch OUT they are going to do it again because thats all they do!!!"
Thats basicly yours and Jims WHOLE argument! LOL and it's basicly completely meaningless. Do you know how many penny and sub-penny stocks have to dilute their shares and do R/S to stay alive. Then get their act together, start making money and then they shoot upward? Most of the succuessful ex-penny stock companies had to do dilute and do R/Ses over the years before they became stable and started making money. This is NOTHING NEW, lol it's part of the game when you are dealing with penny stocks.
But you guys like to use that simple fact as nothing more than scare tacticts. Thats all you got is the "dilute train". What you both COMPLETELY IGNORE is what the company is ACTUALLY doing. All you look at is what the company did in the past, and try to say they are going to do it again. Instead of looking at what the company is doing RIGHT NOW. It's not based on anything other than they did it once, so that must mean they will do it again!
If you guys werent bashers and actually REAL investors then you would look at what the company is doing now, and what they will be doing in the future.
They arn't just sitting around with the same failed business plan trying to get their company to take off. They are actively making moves to increase revenue and the pps.
One of the best ways to start a successful company is to buy or merge with one thats already successful. Thats basicly what they did. They bought a fantastic company back in June. CSD has been around for 13 years. They do custom framing for signed sports peaces, collectibles and art. They have contracts with most of the major pro and collage football teams to hold live auctions at the games, they sale through their shop and now through Artfests galleries and channel.
They did 3.3 million in sales last year alone. It's a perfect combo for ARTS. They sell art, they now have a in-house custom framing company and are now in the sports and collectibles market as well as fine art.
This one move just completely opened the doors for ARTS to completely new markets, new markets where CSD is already WELL established and making money! At the same time it gives them IN HOUSE framing and matting for all of their art peaces!
On top of this, they just aquired yet another company last week that is valued around 10 million and has another 700+ pieces of fine art. By buying Luxor, which is another well estblished company that is well known for it's art sales, ARTS has just expanded their business yet again to more markets while adding to their already impressive inventory of art.
Lol yet all you guys got to bash with company with is the "dilute train" based only on what happened in the past? So so so sad.
If this company didn't buy a company like CSD in June, and was just sitting around losing money and then did a R/S, I would have sold and been out long ago. In fact, I mostlikely would have never bought into it in the first place.
But they arn't just diluting and doing R/Ses, they are making major plays. They just greatly increased their revenures, opened them selfs up to completely new markets, and added more value to their shares. And this happened not by diluting their stock or doing a R/S, but by them getting a 5 million dollar line of credit to buy CSD. So much for your "Dilute" theory there. They didn't do a R/S because they were planning to dilute the shares for more money, they did a R/S because they had way too many O/S and wanted to clear them all up because they now have the revenure stream to support a much higher PPS, all that was holding them back was the O/S. Also, by doing the R/S, they were able to buy another company with vauable assets and more outlets to sell ARTIs products through, plus yet another revenue outlet for the company.
You can say all day long that their plans are to "dilute" the shares, but if that was the case, they would have done a R/S back in June before they bought CSD with a $5 million dollar line of credit they aquried. ARTS waited for the right time to do a R/S, they wanted to do it right before they were going to combind the numbers of both companies together, and right before they finalized the deal with Luxor.
This is a company that is about to take off, so sorry you guys missed the bus!
