Replies to post #28999 on Artfest International, Inc (fka ARTS)

[patchman]

EXACTLY...

It is an equity line agreement that acts like a convertible debenture. You need money at your discretion and we take discounted shares as collateral to the money provided.

[Washington1980]

think they will do a pr on step 6?

[patchman]

When we make an investment, a partner company is free to use the funds in any way to enhance shareholder value.

i.e... we don't care what you do with the money so long as we get our shares to dump. Investors would care about how money is spent.