Artfest International, Inc (fka ARTS)

[MarketGeometry]

i think it could go to .01 level if things goes as planned. Remember they are now startup level with all these studios and RFID technology and warrants for the sculptues are 1 dollar level. I don't think they want to screw everyone of their acqusition and subsidiaries by diluting more or reverse split.
they did some equity financing. So these shares were sold at very dscounted price. Its illegal for the company to sell in the open market. They can only sell shares to Accredited investors. Accredited investors usually short the stock so PPS goes lower and they can convert more shares at lower price(if its a Convertible Debentures/CD ). The lower the price goes the more amount to of shares they can get at same dollar amount. Also companies might have sold shares to private investors at discount so private investors might have sold to get profit or holding. Whatever the case i expect PPS to rise gradually. $1000 dollar can give you 10 million share. Downside risk is very little.