Artfest International, Inc (fka ARTS)

[Mustache_rider]

HA, HA, HA... EV is truly a POS! I still troll this board from time to time with my 77 shares at a cost of $18!!!

Really EV??? "Artfest International, Inc. (OTCBB: ARTS) is pleased to announce that the Company has acquired a controlling interest in a publicly traded company for cash."

This company only had $22k dollars on the balance sheet as of 9/30/10. Even if he liquidates his quick assets (inventory and other current assets), we are talking $500k. If he blew through our cash and sold through our "inventory", then what money have we left behind to settle operating obligations?

I have to call BS on this and everything that comes out of the POS. Looks like ARTSD is back on flat line with little to no volume. Bankruptcy is right around the corner... cash in-flows from capital financing has held this company above water.