The Company issued Luxor 4,000,000 shares in anticipation of the closing of the acquisition, which as of the date of this filing, is still pending the remaining payment of $990,000 in cash. The Company intends to pay this amount over time in an equal monthly payment to be determined by both parties.
Hasnt even actually happened yet, lol. Holy cow. How can anybody say that these guys are anything but criminals?
DALLAS, TX--(Marketwire - October 28, 2009) - Artfest International, Inc. (OTCBB: ARTI) (OTCBB: ARTS), a leading edge arts and sports memorabilia distribution company, announced it has completed the acquisition of 100% of the assets of Luxor International, Inc. of Frisco, Texas, a privately held company, for $5,000,000.
SEC will be getting a complaint about this. I think they frown upon lies. "completed". Ha.
