Replies to post #36647 on Artfest International, Inc (fka ARTS)

[Mustache_rider]

If the stock is on the up and up, then how am i laughing at someone's potential loss? I laugh at my own loss every time i open my TD Ameritrade account each morning... 99.96% loss and $1,500 flushed down the drain. Now that is factual.

Buy the dips and sell the highs, right?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59383782

As someone once said on this board, "help the helpless and forget the clueless".

[gohojo]

What any scam company would do you mean. No honest company operates like this .

[space1230]

& .003's tomorrow & .002's by end of week, then .001's next week & right around the turn into March triple 0's! A "real company," as you refer to arts, does not reverse split twice in a year & rocket back towards no bid. These shares are not worth the paper that they are printed on.

[Mustache_rider]

This company did not just start business last year. Its first SEC filing was back in 2005. ARTs has had enough time to build capital and have something to show for itself.

This is also worth a good look over in anticipation of the 2010 10K.

2009 K Filing: http://www.sec.gov/Archives/edgar/data/1168738/000121478210000071/artfest10k123109.htm

It was interesting to note their change in independent auditors from Thomas Bauman, CPA to Eugene M. Egeberg, CPA in February of 2008 (Item 8, page 19 and 20). Bauman resigned as their independent auditor due to a financial statement qualification as to the Registrant’s (ARTS) ability to continue as a going concern (i.e.- bankruptcy). Apparently, the financial statements for the fiscal years ended December 31, 2005 and December 31, 2006, and thereafter through January 16, 2008, did not contain an adverse opinion or a disclaimer of opinion, and was not qualified as to audit scope or accounting principles.

The 2010 10K should be very informative.