Replies to post #1608 on Artfest International, Inc (fka ARTS)

[IronNippalz]

What documents exactly would they need to file in order to sell shares? Not picking a fight as I don't see anything way out of whack below (about 10 to 11 million unaccounted for )but saying that ungagging a TA is BS is mind boggling. That is the only true way to get a value for an investment. But back to the first question, seriously, what document would they need to file?

Authorized Share Count: 500,000,000.
Outstanding Share Count: 213,263,003.

As of November 19, 2008, the Registrant had 168,763,003 shares of common stock outstanding.

As of April 10, 2009, 213,263,003 shares of the Issuer's Common Stock were issued and outstanding.

In February, 2009 the Company issued 12,500,000 restricted common shares to consultants and advisors in lieu of cash compensation.

On March 27, 2009 the Company issued 17,500,000 restricted common shares to a former employee, Jacob D. Cohen, as partial payment on a Convertible Promissory Note, dated June 1, 2008 in the amount of $87,250.00 bearing interest at 10% per annum in lieu of a cash payment. The shares issued represented a partial principal payment of $43,500.00.

On April 1, 2009 the Company issued 14,500,000 restricted common shares to a former employee, Jacob D. Cohen, as final payment on a Convertible Promissory Note dated June 1, 2008 in the amount of $87,250.00 bearing interest at 10% per annum in lieu of a cash payment. The shares issued represented the final principal payment of $43,750.00 and accrued interest of $7,144.00.

"If the company that issued the securities is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for.

http://www.sec.gov/investor/pubs/rule144.htm

[100lbStriper]

I don't post much and I am a shareholder here. I only have one thing to say to you. Please don't insult my intelligence with how the market is suppose to work in regards to what has transpired here.

Your post makes you look like your fresh out of school and that none of us have ever traded before. It's very evident what happened here, and it's in the filings, and yes I read them.

It says all those entities were given restricted stock. Restricted stock that is now selling on the market. I know how restricted stock gets it's legend removed and you don't have to file any forms with the sec to do it either.

For future posts like the one I am responding too. When the post comes off telling those who know how things work. It does way more harm than good. Any good IRP man would know that.

[100lbStriper]

The outstanding as of the 10k filing on 4-15-09 says as of the 10th of april 09 the outstanding is 213,263,003. That number is 44.5 million more than our prior outstanding of 168,763,003. So the restricted stock is no longer restricted.

I just called the t/a and our new o/s is 213,763,003. That is an increase of 500,000 shares that I do not see an S-8, S, 424B3, 8K, etc .. or any other form necessary to be filed with the sec in order for arti to add more shares to the o/s.

This is a fully reporting company. Where are the legal documents to be filed with the sec for this increase of 500,000 shares ?

[EDWARD STEVENSON]

That's right jimmybob. An ungagged Transfer Agent offers a new level of transparency. Thanks for sharing your thoughts in a well laid-out message.