Artfest International, Inc (fka ARTS)

[Er0ck]

Springroll, of course! and their main reason to do a R/S was to DILUTE DILUTE DILUTE !!! Thats all you have ever said! Sure the R/S ALLOWED them to buy Luxor with mostly shares instead of cash, but if you actually think that the main reason the company did a R/S was to free up 4 million shares so they could buy another company, then your more ignorant than I ever thought.


ARTS HAD to do a R/S at some point. If this stock was ever going to become a legitment stock, they had to get rid of the O/S and a R/S was the best way to do this. What better time to do a R/S then when you got your 3rd quater earnings coming out which should be really good and when you have a chance to buy a company that is worth 10 million?


Getting Luxor with shares freed up by a R/S was just a bonus, the apex, in a long line of good reasons to do a R/S.