Artfest International, Inc (fka ARTS)

[avdave]

OTHER claims PROVEN

1) He's issued over a QUADRILLION shares (split adjusted) since he's been CEO. (currently no-bid and worthless)

2) He's lied in Press Releases.

3) He omitted several legal proceedings in SEC documents.

4) The sheriff went to headquarters to sieze assets related to those legal proceedings and found NOTHING.

These are not items that can be just dismissed as consequences of a bad economy.

Being an incompentent businessman, and having no ethics may not yet have resulted in a criminal judgement, as you have said, but unethical incompetence is not a recipe for building shareholder value - and that is really the main point in running a public company.

How has he done for shareholder value since he's been CEO?

GLTY