So the Picasso deal is officially dead
At least that's how this press release reads...
Artfest International, Inc. And Artfest Direct Sign Addendum To Agreement For Purchase of Rendering of Francoise Gilot Picasso Art Sculpture
Thursday, 10 Jun 2010 02:25pm EDT
"Artfest International, Inc. announced that it has signed an addendum to the agreement for the purchase of Rendering of Francoise Gilot Picasso Art Sculpture, which is independently valued between $50-$70 million. According to the terms of the addendum, Artfest International has up to 180 days to complete the sale and purchase of the sculpture. The purchase price for the Picasso Art Piece is $2,500,000.00 in cash and 50 million warrants at $1.00 per share from Artfest International, Inc."
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Well 180 days has come and gone. No announcement= no deal= no millions for investors. Eddie gave himself half a years worth of wiggle room to flip a masterpiece valued at $50-70 million... and FAILED! It was all one huge con job to scam investors. CLASSIC FAST EDDIE FLIM-FLAM.
