Artfest International, Inc (fka ARTS)

[specutator]

Let me see if I can bring the use of subsidiary assets to pay off the parents liabilities down to a level where ARTS investors can understand.

Two brothers work out of the same office but run two separate businesses. The older brother says to the other, my borrowing costs are high and you can get a cheaper loan, so go get a loan to refinance your car and give me the money you get so I can pay off my debt.

The younger brother scratches his head and says OK, but what do I get out of the deal? And the older brother says: "My debt, of course."

Note to admin: this may seem off topic, but it is a discussion about the use of subsidiary assets to pay off the debt of the parent company as discussed on this board.