Oh and to answer your question...
"If company was doing good you would think reports would be filed as soon as possible or a p r saying 2010 was a good year The falling p p s is not a good sign it seems neither is no recent p r"
Yes, most companies try to file accelerated returns or at the very least, file on time. Take SIRI for instance. They actually sent out a PR that they are moving up their earning's call 7 days sooner than previously announced. This company was on the brink of bankruptcy in 2008 at a price of $0.06 and is now trading for close to $1.80.
The differences between SIRI and ARTs management (honestly, too many to mention here but I will highlight the main differences... IMHO... and of course, just saying):
1. PRs are substantial and ultimately delivered on (i.e.- SIRI reducing debts, positive cash flows from operations, increased subscriptions)
2. Provide investors with quarterly earnings calls to discuss financial results and provide forward looking statements about where the company is looking to focus on/go.
3. Projects are ultimately delivered on
4. Investors have a say (i.e. - when Siri was trading under a $1, in order to stay on the NASDAQ, SIRI contemplated a 10 for 1 RS (not 24,000 to 1). Investors were actually contacted to vote on whether or not the company should take the RS approach or try to get the PPS over a $1 by other means. Thankfully, the company's fundamentals took care of themselves and a RS was averted).
At the end of the day, I feel a successful and legitimate company provides visibility and input into how the company is ultimately run. The shareholder then feels they are educated enough to make the right decisions.
If ARTs was genuinely looking for capital funding, then they would take the time to educate the shareholders on the company's business and secure a continuous inflow of funding from happy investors.
