08-19-2008, 07:44 PM
Senior Member
Join Date: Aug 2005
Posts: 2,558
Re: Artchannel´s Eddie Vakser arrested
Form 10-Q for ARTFEST INTERNATIONAL INC
19-Aug-2008
Quarterly Report
INCOME
"We generated operating revenues of $24,724 for the three months ended June 30, 2008"
EXPENSES & LOSSES"
We had $131,739 of selling general and administrative expenses in the three months ended June 30, 2008"
"We had $858,600 of selling general and administrative expenses in the six months ended June 30, 2008"
"The company had a net loss of $96,613 and $842,490 for the three months and six months ended June 30, 2008"
This much ballyhooed, publicly traded company could only manage to scrape together $6k per month for the past quarter.... and has lost nearly $850k in the past 6 months.
What's the point of this if not to generate losses for other people (i.e. Eddies' silent partners) who need them?
09-19-2008, 12:59 AM
Junior Member
Join Date: Sep 2008
Posts: 4
Re: Artchannel´s Eddie Vakser arrested
It ain't dead and it never seems to go away. Indeed, stocks went up a hair with the announcement of a new hire. Houses can be lost and marriages strained to the breaking point, but it never seems to go away. The dream of getting something from nothing leads to a brother betraying a brother. What does it matter if one steals money from one who has stolen from another?
Anyway, back on track - stains of Ecine' creep up when the latest info is viewed about the A Channel. Can a composite truck be dressed up to look like an asset in an HD world? The answer has always been yes when it comes to loose money, tight interpretation and an uneducated clientel.
http://investing.businessweek.com/re...symbol=ARTI.OB tells a tale I have heard before. I heard this story shortly before a bunch of equipment showed up at the shop and was hastily labeled with old bar code numbers. I heard this when all the DVDs were supposed to come out. I heard this when a 3D channel that sucked dollars but never broadcast was conceived. I remember the ISI dream and I hear its echo and I wonder about those who are signing on now. Will they lose like I lost - like my friends lost? Will they be sucked in so deep that they pass on the wrong even when they know it ain't right? I did. I towed the company line even though I knew it was wrong and I would be just as much a victim as those I assured on the telephone. I still don't know why I did that - just that I'll never put myself there again for fear of forgetting.
Mostly I feel for TV. I must be hard living like that. I understand that things are shakey - replacements are available in Russia from what I understand, although it can be expensive. I believe that one should change one's ways, make a viable - real business, pay off the government, and take care of one's family. It takes some time, but putting it off might get you lonely sitting in Georgia wondering why you didn't learn to fix shoes when you had the chance and all the TNT in plano can't dig you out of the hole.
09-19-2008, 03:56 PM
Senior Member
Join Date: Aug 2005
Posts: 2,558
Re: Artchannel´s Eddie Vakser arrested
All Eddie does is make grandiose announcements in order to pump up his penny stock. Go down the list and see how many have actually amounted to anything.
Bullsh*t is cheap...and that's all he sells!!!
Last edited by skyvoyager : 09-19-2008 at 04:01 PM.
10-12-2008, 05:00 PM
Senior Member
Join Date: Aug 2005
Posts: 2,558
Re: Artchannel´s Eddie Vakser arrested
More BIG plans by Fast Eddie (these press releases are full of grammatical errors so I assume Eddie wrote them himself.. again):
Artfest International, Inc. Acquires "State-of-the-Art" Audio/Video Operational Center
(Define "aquire." In "Eddie-speak" that means a "lease")
Award Winning Film and Television Director, Producer and Writer Jack Weis Joins Artfest International, Inc.
(Actually, here's Jack's filmography. It appears he wrote, directed and produced three ultra cheap, virtually unknown horror-type flicks over 30 years ago... even acted as cinematographer on one. He was part of the "miscellaneous crew" on the James Bond "Live and Let Die" movie in 1973. Nothing about any awards... my guess is he gave one to himself. More vintage bullsh*t from Eddie)
Artfest International, Inc. Launches Global Social Art Network Rivaling MySpace and YouTube
(OMG... "rivaling MySpace and YouTube"???? What is HE smokin'?
)
Ironically... Artfest stock is at $.008 cents.. that's eight thousandths of a penny... per share. One thing Eddie knows is how to con, scam, hype and steal other people's money!!!
Last edited by skyvoyager : 10-12-2008 at 05:36 PM.
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