Replies to post #25570 on Artfest International, Inc (fka ARTS)

[lyrralt]

I totally understand where you are coming from. However, try to recognize that they have just made good on some of their promises. Things are starting to look up.

[99leadballoons]

Here is the question I have. Why was ARTS canceling debt by valuing it at .0001 per share when the PPS was much higher?

For example from their filings...

On January 26, 2010, a holder of our promissory note converted $1,000 of the principal due on this note into 10,000,000 shares of Common Stock

The PPS was over a penny then. Why would they make this deal??? They gave away $140,000 worth of stock at that time to cancel a measly 1000 bucks of debt. That is absolute proof that something fishy is going on.