Artfest International, Inc (fka ARTS)

[Mustache_rider]

I can’t agree more. At this point, we need execution folks. All the promissory PRs in the world couldn’t help this fat bird fly. The continuous dilution and ever increasing authorized shares needs to be addressed.

The only way this stock will “gap up, increase to $0.50, etc” is either favorably by acting on a combination of previous promises (delivery of dividends, Picasso, stock buyback, etc) or unfavorably via a reverse stock split.

I can’t believe anyone would speculate that this stock can possibly reach $0.50 under our current share structure. Assuming outstanding shares of somewhere between 13 and 20 billion, if our stock price moved to $0.50, ARTS market cap would rival companies such as CEG ($6.7B – Utility) and Sirius ($5.4B – Satelite Radio). These companies have actual operational assets and favorable company metrics (favorable cashflow, Revenues earned from operations and not financing, reducing debt from cash on hand, etc). I understand the sale of the Picasso is a critical piece to our potential success, but in no way will this transaction alone propel us to where we want to be.

Also, the devil is in the details folks. Posts such as lkg_legend52 (30652), stervc (24755) highlight items that must be addressed. Unfortunately, these posts are lost in the sauce when this board is bombarded by unsupported “IMHO” speculation.

In regards to the dividends, I contacted TD Ameritrade to see if they have been contacted by ARTS. I have put the email string below. As suspected, nothing has been communicated to date.

Reorganization and Dividends
From: xxxxxx | Date: 10/13/10 5:24 PM
Back in March, Artfest International issued a PR stating that all ARTS shareholders of record as of April 15th would receive Artfest Direct dividends valued at $10 per share. I would assume these shares would be delivered to TD Ameritrade and then would eventually be posted to my account upon receipt.

http://ca.us.biz.yahoo.com/iw/100315/0596427.html?.v=1

Has TD Ameritrade been contacted by ARTS regarding Artfest Direct dividends?

I contacted the company and have copied their response below. There has been much speculation regarding whether or not we will ever see these dividends. Any insight TD might have would be helpful.

Regards,
xxxxx

Reorganization and Dividends
From: Message Center Client Services | Date: 10/14/10 11:13 AM
xxxxxx,

Thank you for your inquiry. Whenever a company makes a distribution in cash or additional shares, accounts are credited once payment has been received from the company. At this time, the depository we use has not yet received the ARTS shares. Distributions from non-US based companies or OTC/BB listed securities tend to take longer to complete, but we should receive the shares soon. Please contact us again if you have any additional questions.

Sincerely,

xxxxxxx
Apex Corporate Actions and Dividends, TDA
Division of TD Ameritrade, Inc.


Re: Reorganization and Dividends
From: xxxxxxx | Date: 10/18/10 5:06 PM
Thank you xxxxxx.

When you stated we should receive these shares soon, was that a direct confirmation from Artfest International or a general statement (given the type of transaction, as you stated below. i.e.- OTC/BB listed securities and the lag time these type of securities have).

Regards,
Xxxxxx


Re: Reorganization and Dividends
From: Message Center Client Services | Date: 10/19/10 9:23 AM
xxxxxx,

Thank you for your reply. That is a general statement regarding the timeframe of delivery. We have not been given a swing date from the company but we are hoping to get paid out soon. Please contact us with any further questions or concerns.

Sincerely,

xxxxxxx
Apex Corporate Actions and Dividends, TDA
Division of TD Ameritrade, Inc.