Artfest International, Inc (fka ARTS)

[99leadballoons]

The conversion price for some of the shares was .001. For example the debtholder that turned 2300 into 2.3 million shares.

However plenty of shares are being done at .0001. 10,000,000 shares for 1k is .0001.

also...

On March 18, 2010, a holder of our promissory note converted $1,500 of the principal due on this note into 15,000,000 shares of Common Stock

Thats .0001.

During the 1 st Quarter 2010, a holder of our promissory note converted $20,400 of the principal due on this note into 204,000,000 shares of Common Stock.

That's .0001.