Replies to post #29360 on Artfest International, Inc (fka ARTS)

[Mustache_rider]

Interesting… I must have missed this helpful tidbit amongst all the “follow me, ARTs is going to $0.10… take your girlfriend/wife out to dinner” posts.

Just another thing to make me madder than H-E- double hockey sticks!!! I will have to follow up with my broker to see if they have received any info.

Here is fast Eddy’s response to my April inquiry regarding the status of our “dividends for loyal ARTs shareholders”. Very misleading…



From: [e-mail] [mailto:[e-mail]]
Sent: Friday, April 16, 2010 3:44 PM
To: mustache_rider
Subject: RE: Status: Dividend for Loyal ARTS Shareholders

Yes, we will run a report with our TA, and confirm the ownership status as of April 16, 2010. Then we will have the TA send certificates to the shareholders.

Best regards,

-----------------------------------
Edward Vakser
Artfest International, Inc.
Chairman & CEO

Artfest Expo Center
13342 Midway Road, Suite 250
Dallas, TX 75244 USA
[phone] Office
[phone] Direct
[phone] FAX
[e-mail]

http://artinterviews.blogspot.com/

WWW.ARTFESTINTERNATIONAL.COM

Stock Symbol : ARTS

From: mustache_rider
Sent: Friday, April 16, 2010 1:46 PM
To: '[e-mail]'
Subject: Status: Dividend for Loyal ARTS Shareholders

To Whom it May Concern:

http://www.stockhouse.com/News/USReleasesDetail.aspx?n=7663124

According to this press release, all shareholders that were on record as of COB April 15th will receive $10 par value stock for every 10k ARTS shares.

When can we expect to see these shares and what will be the method of delivery? I currently have a TD Ameritrade account that holds my ARTS shares. Will the shares be deposited within my TD Ameritrade account?

Thanks,
mustache_rider

[specutator]

If ARTS is going to pay only certificate holders, what do you think brokers are holding?

If ARTS ever pays that dividend, all of those on record for that day will receive it, if they haven't sold the shares they had on that record date. It doesn't matter whether or not you are actually holding the cert or have it listed in your brokerage account.