Artfest International, Inc (fka ARTS)

[pete6]

I’m equally convinced that he has something other than an RS or bankruptcy. You don’t announce the purchase of a women’s football league and then turn around and announce an RS or anything along that line without expecting your investors to fly down to Texas with a vengeance. I personally think that the Picasso may be sold and a buyback is possible. If the MM’s are selling out of Canada with not knowledge on what the share structure is because they’ve failed to mind the store, this could get really interesting at quarterly report time. I hear a lot of people firing off at the mouth that ARTS is out of money but I don’t see anyone providing any proof of that. The guy has already given his word that there would be not RS or bankruptcy filing. Granted, his word probably doesn’t mean much to most but he is on record as having promised. Heck, he even told the group that went down there that he would not do an RS. I know that he supposedly promised a reduction of the AS but did he say when or did those guys just assume that it would be immediately? A family friend purchased almost 30 million shares today. I told them that it is a hell of a risk but they said so be it and pulled the trigger.