Code Publishing / Renascent Magazine

I hope this is the right place for this thread. If not, please move it to the appropriate place.

I came across this site on another forum. I read their submission guidelines and I was shocked!

[font=Times New Roman, Times, serif]You retain the copyright, but by submitting your written work to The Renascent, you agree to allow the State of Art, The Renascent, and other companies affiliated to use, reproduce, and publish your work with no compensation to you.[/font]

Click to expand...

Ok so far.

[font=Times New Roman, Times, serif]We are unable to provide writers with complimentary copies upon acceptance.[/font]

Click to expand...

What? Not even ONE complimentary copy?

[font=Times New Roman, Times, serif]It will be available at most online retailers (Amazon.com, BarnesAndNobel.com, Lulu.com, etc.), and can be ordered through the ISBN system at any bookstore. Estimated price is $23.[/font]

Click to expand...

$23? And no pay for the writers? AND no complimentary magazine?

To read my own story in a magazine, I need to pay $23? That's outrageous! The only thing missing is an entry fee!

Does anybody know anything about this magazine?

I am not going to submit to them! Won't let them touch my stories.

I sent a mail (not a very nice one) and waiting for a reply. Some thing tells me I am not going to get one.