Artfest International, Inc (fka ARTS)

[aaron21]

look at the link on the bottom for more info. "for $3,750,000 to be paid in restricted shares of Artfest International's common stock valued at $.25 per share"

so i can take that one of 2 ways... pre split at a price of .002 (just taking a guess) would make it 15,000,000 shares.. but if that number was affected because of the r/s then it would be roughly 300,000. so i dont know which is true. because of what the tearguy is saying, i would probably go with the 15 million shares restricted.

and then remember all of the other shares restricted. the 250 mill share restriction at $5 per share which post split would be 5 million shares..

the luxor deal was 4 million shares at $1.

then they said something about paying employees with restricted shares...

it all adds up quick..

i have no idea what else i missed. but from doing a little DD MY BEST GUESS would be the float to somewhere be around 25-35 million with the O/S somewhere in the neighborhood of 60-70.



http://artfestinternational.com/index.php/news-releases/2-news-releases/81-pr2009-0706