Replies to post #29723 on Artfest International, Inc (fka ARTS)

[GS1]

Thanks for posting.

That is what everyone expected and I mentioned in previous emails that this company has been doing lots of acquisitions and then do productions and it costs lots of money. The important thing he mentioned is "Time". It takes time and money to fund projects and tough economic times it is hard to get financing. All these factors delayed the projects and inturn revenue generation.

This is common problems every startup company faces. The problem is that their product is not ready yet and it will take some more time to develope product and then sell. It could be sooner but I think it will take about six months to year for this company to be profitable again.

[Chunkman63]

But EV, can you explain the shares dropping to .0001 with no bid with all these supposed acquisitions when no profit is posted? I think you need to go into a different direction. IMO





SO, IF you only judge by PPS, (for which the JURY is still out, since we are not done yet!). So let’s not count on the multiple acquisitions, like Art Channel TV, CSD Sports, Pat Summerall productions, Artfest Direct (internal Launch), Thomas Kinkade inventory, Time Warner Distribution deal, Women’s Football league deal, National celebrities endorsements and commercials, over 1000 hours of Television content, 3m to 5 million Dollar Network Marketing Enterprise Software System, over 2000 members, Cash flow increase from $ 28k in 2008 to millions in 2010, powerful management team……and so on, and so on. Now, all that cost time and money, and someone with REAL brains and a PLAN to assemble and manage. So with that being said and actually DONE!!!! If you discount those accomplishments, in today’s economy and financial climate, THEN I agree with you...that ARTS did not accomplish anything, and is NOT a success. So now you got it, you can post and quote me, that under those conditions, I the CEO of ARTS agree with you that we are not a success!

[Computerbux]

FACTS you can give him about being unethical, lying, or mismanagment:

1. Shares of Artfest Direct (Starfest) have not been issued.

2. Rhupert was announced to come out this fall; we know it is now spring or later.

3. Mismanaged and diluted the stock so badly that it went from $0.25 per share to no bid in one year. While dilution itself is not illegal per say, it certainly is unethical and unprofessional.

4. Told shareholders in person that he would reduce the A/S, and then he doubled it.

5. Increased operating costs at the same or greater pace than revenues.

6. Television commercials were supposed to come out this fall; they have yet to be aired.

7. Picasso fiasco and associated gold giclees

8. Being sued by former partners and landlord for breach of contract.

9. Not paying Tom Nelson but annoucning his relationship to the company.


I'm sure others can think of more..............

[just Scottie]

I think EV forgets that he is and has been using OUR money. I understand he has a vision and a plan but you have to keep your shareholders in the know. He has NOT told us in one pr that he has been selling shares to finance his operation.I would be more understanding if he was honest enough to tell us he needs money and will sell to finance projects.