Replies to post #10809 on Artfest International, Inc (fka ARTS)

[Vance]

Ok all I am doing is looking at the companies 10Q that states the following:

On July 8, 2009, the board of directors and a majority of shareholders of the Company voted and adopted to re domicile to Nevada, and reverse merge into a Nevada corporation.

A majority of the Company’s shareholders then elected to increase the Company’s authorized common stock to 1,000,000,000 shares.

And then it states

ITEM 2. UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS

Equity Securities Sold Without Registration


During the nine months ended September 30, 2009, the Company issued 793,926,561 restricted common shares to debt holders, investors, consultants and advisors in lieu of cash compensation pursuant to available exemptions contained in the Securities Act of 1933, as amended.

None of That is False as it is right out of the 10Q. Now, once again, that 793,926,561 number is RESTRICTED, which for the moment is a GOOD THING, because it only leaves a tradable OS of

As of November 15, 2009, the Registrant had 47,295,646 shares of common stock outstanding.

I own shares as of Yesterday, I'd Like to see my investment increase in PPS, and am certainly going to post anything that I am pretty sure are FACTS. My Original Post was to someone else that had stated a Humongous OS, as it certainly did seem that way. After further investigation I posted what I found and have since had to reply to a couple who think I am the one spewing a humongo OS. I am Not.

One thing that Would be beneficial is an official date of the reverse split. I cannot seem to find that on any charts I looked at, nor did I see it in the iBox. If it was after the end of September which this 10Q covers, that would be Awesome!

Thanks for your time!
Vance

[Elijah3820]

Correct, after the split a NV corp was formed with the ability to Authorize 1B shares.