Sinobull Financial Group (fka GTCI)

[myDDdotcom]

I take it that March 6th didn't happen, the 7th?

imho, Jerome

[mmayr]

Well. . .no updates. Tomorrow should be interesting. Will it happen or not?

peace,

M&M Man

[mmayr]

Thanks spooky! eom

M&M Man

[$pooky]

M&M Man...

from the SCHEDULE 14A INFORMATION

This action is proposed to occur on or about March 6, 2002.


Grüße
spooky

[mmayr]

March 6th?

http://www.investorshub.com/boards/read_msg.asp?message_id=286600

Peace,

M&M Man

[mmayr]

Knock, knock. . .

Who's here?

Peace,

M&M Man

[mmayr]

Sinobull information:

http://www.hartcourt.com/sinobull.htm

M&M Man

[myDDdotcom]

LOL, if they do have a stateside meeting, I will show-up to see the cold-cock!

More shares for the schillings I see...

imho, Jerome

[mmayr]

GTCI. . .Sinobull. . .??? eom

M&M Man

[Red Eagle]

Wong and Kenndy are scum_________. You folks better watch-out! Forwarned is Forarmed!

I notice they took care to their selves by reserving 2.9 million shares for all their hard work at GTCI. Yea Right!
I didn't get to vote on that!

The annual income per household in China is only $800 per year! They can't afford beans!

If it ever spikes to where I can get my money back I AM OUT HERE!

Once again don't beleive anything Wong has to say!

I dreamed that I had a winner due to their PR's. It was only a shell with web pages!

If they ever have a shareholders meeting in the US. I am going to cold-cock Terry and that a promise!

I want to give him a $15,000 right hook. Forwarned is Forarmed!

[mmayr]

MBR. . .LOL. . .my "patience" never runs out. However, for some reason. . .my deadlines do LOL. When I hit stop points on any stock, I'm out of it. That doesn't mean I won't continue to follow it, however:).

Peace. . .

M&M Man

[MrBankRoll]

Mark, same amount of time you "gave" Hartcourt? Are you no longer a shareholder? Patience run out?

[mmayr]

Okay. . .I'll give GTCI the same amount of time I gave HRCT. Three years.

Peace,

M&M Man

[mmayr]

And I thought it was bad being down 50% LOL. Ahhh. . .the joys of an "evertanking" stock market! :( > )

Peace

M&M Man

[myDDdotcom]

Well, are you considering averaging down once the RM is completed? I don't know about $15, but in a couple of years, with a mini-bull run, and some Olympic China hype, this could move $5 bucks or so in a run-up.... those were the days...

imho, Jerome

[Red Eagle]

I bought 10,000 @$1.50 due to Wong and Kennedys hype Y2K Software and Wallstreet, Web Site, GPS, and License's.
I am down $15,000. Sinobull stock will have to sell for $15.00 a share for me to break even on the 10 to 1 split.

Needless to say, I hope they both _________. So, I got an attitude!!!!!!!!!!

[EZ2]

more posted by Investorman on the HRCT board:

http://www.investorshub.com/boards/read_msg.asp?message_id=274824

[EZ2]

TO STOCKHOLDERS OF
GLOBAL TELEPHONE COMMUNICATION, INC.

NOTICE OF PROPOSED ACTION BY WRITTEN CONSENT OF A
MAJORITY OF THE OUTSTANDING COMMON STOCK
TO BE TAKEN ON OR ABOUT MARCH 6, 2002

To the Stockholders of Global Telephone Communication, Inc.

Notice is hereby given that by Written Consent by the shareholders of a majority
of the outstanding common stock of Global Telephone Communication, inc. (the
"Company") it has been proposed that the Company

(1). Approve a Share Exchange Agreement between the Company and Sinobull
Financial Group (Sinobull)

(2). Approve a reverse stock split pursuant to which every ten (10) shares
of the Company outstanding prior to the reverse stock split, will be
reduced to one (1) share.

Only stockholders of record at the close of business on February 8, 2002 will be
given Notice of Action by Written Consent. The Company is not soliciting
proxies.

By order of the Board of Directors

/s/ Terry Wong
---------------------------
Terry Wong, President & CEO

[EZ2]

everything is cool......
SOON !! :)

[myDDdotcom]

It's a crapshoot. GTCI had some very unsavory characters in it. Tom Kennedy was a BIG FAT CROOK IMO. He presided over a shell game that basically bought a shell, put up a bunch of non-legit webstites, hawked it, and then let the stock go to the pinks, and he of course dissappeared, and so did the stock. Anyway, he's likely got a grabass full of shares here, being on the board (but he won't be in Sinobull), and could be dumping. Also, note that not all the shareholders voted for the RM, only about 60%, so some voted against it, and they could be dumping. Hopefully it's not the shareholders in China or Wong, as they were what made GTCI attractive to Sinobull in the first place, with the China connections.

imho, Jerome

[entrails]

I'm with you Red Eagle. Either a great buying op or there's hidden news about naz approval.

Taking my chances on the former. No guts no glory.

trails

[Red Eagle]

This stock is really trading funny! I can't believe the amount of shares being sold. I wondering if someone is dumping or is someone
day trading with large blocks of shares. I am beginning to get anxious over the volume! Their driving down the price. I buy at .035
and they drive it under.02 Who's Dumping? and Why? You would think it would be under accumulation.

Very Suspicious!!

[mmayr]

myDD. . .

Sometimes it makes one wonder. But in this market environment, it's not worth wondering too long. Sinobull just needs to make the announcement at get on with it.

Peace. . .

M&M Man

[myDDdotcom]

The amount of dumpage here since the RM was announced is astounding, the 187k here today makes FEB the on the way to being the largest month so far, just halfway through:

 
  GTCI        open      high     low     close    change       volume             
  02/11/02     0.04     0.04     0.03     0.03    -0.01     1,209,900             
  01/31/02     0.03     0.04     0.03     0.04    +0.00     1,260,700             
  12/31/01     0.03     0.06     0.03     0.04    -0.00     1,192,900             
  11/30/01     0.05     0.07     0.03     0.04    -0.02     2,332,300             
  10/31/01     0.05     0.09     0.04     0.06    -0.01     1,828,000             
  09/28/01     0.06     0.09     0.04     0.07    +0.00       531,000             
  08/31/01     0.09     0.12     0.06     0.07    -0.00       740,700             
  07/31/01     0.12     0.14     0.05     0.07    -0.04     1,617,100             
  06/29/01     0.11     0.17     0.10     0.12    +0.01       654,100             
  05/31/01     0.13     0.16     0.09     0.10    -0.02       580,000             
  04/30/01     0.25     0.25     0.11     0.13    -0.13       987,800             
  03/30/01     0.19     0.30     0.12     0.25    +0.06     1,178,400             
  02/28/01     0.19     0.50     0.13     0.19    -0.04       830,700             
  01/31/01     0.16     0.25     0.13     0.23    +0.10       624,700             
  12/29/00     0.25     0.27     0.02     0.14    -0.08     1,771,700             
  11/30/00     0.53     3.10     0.24     2.19    +1.75     1,117,500             
  10/31/00     0.75     1.00     0.40     0.44    -0.36       848,500             
  09/29/00     1.10    13.00     1.10     8.00    +0.00       651,800             
                                                                    

imho, Jerome

[myDDdotcom]

Shareholder Letter from Dr. Wallace Ching


What’s New...

I have been on the job for a month now. Although you haven’t heard much from me since my last letter, you all can rest assured that I am definitely earning my pay. I have been to Shanghai twice and Guangzhou/Shenzhen numerous times exploring development options for the Chinese divisions of our subsidiaries, while continuing evaluations of new acquisition and investment banking opportunities for Hartcourt and Hartcourt Capital respectively.

My review of our operations is nearing completion and we are implementing a number of initiatives designed to move us more efficiently into high growth markets and to continue the streamlining of our organization through cost reductions and improved margin opportunities. I had placed a temporary delay on press releases until I had finished my preliminary operational review. The status of our pr is now back to active mode and in fact, we are working towards installing a full-time investor relations presence as part of a new program to attract investors. We will be reviewing more information on that front soon.

Hartcourt Capital is rapidly taking shape. The organizational structure of this new Hrct division has been established and we are beginning to staff up. As a matter of fact, we are already in the process of signing up business contracts. You will be receiving additional information on transactions that we are working on as soon as it can be publicly disseminated. I can assure you that this division has the potential to become a flagship operation for Hrct. We are also presenting our Sinobull Media’s proposal to capital sources, and Elephant Talk is about to unveil a new service initiative and additional international routes. Our subsidiaries are making business gains across the board and I am initiating follow through requirements to keep investors informed as these deals begin to generate revenues. The Sinobull/GTCI listing is on track, we are currently providing some additional information that was requested by the SEC and then we just need to acquire the exact listing date and our new trading symbol. The 10k filing for 2001 is on schedule as well.

Our Strategy...

Now, I’d like to again review some basics of Hrct’s operating strategy so investors like yourself will have a better understanding of the process as our business plans unfold.

Our focus is primarily to capture opportunities in China. It is the world’s fastest growing economy and presents enormous untapped corporate and consumer markets. As the post WTO era unfolds more deregulation and liberalization will take place across various sectors, opening up an even wider range of investment and acquisition opportunities for well-positioned foreign companies. The historical and cultural architecture of China’s economy has created high barriers to entry. Hrct has established a broad network of relationships throughout Greater China’s business and government communities. In addition, our ability to provide solutions in this difficult and complex regulatory environment is a much sought after commodity as international corporate interests seek access and entry points to these vast markets. We are structuring Hrct to capitalize on these unique advantages.

We are fine tuning the commerce framework established to create interrelated business opportunities throughout our organization. This cross promotional effort is already producing increases in revenue streams and reductions in expense margins. As we efficiently drive the internal organic growth of each business we will continue to exploit the benefits of synergies existing between our companies and to drive this aspect of our strategy to new levels of revenue production, a higher competitive profile and increased market penetration.

We are establishing clear paths to profitability for our companies and are making hard decisions concerning our operations. Our focus near term is to become EBITDA positive as we re-establish solid fundamentals throughout the organization. We will be making strategic modifications to certain units and considering the sale of maturing and under performing assets while concentrating our efforts on building our stronger businesses. At the same time we will continue to aggressively identify and pursue small industry-leading, profitable, technology companies for acquisition in order to provide impetus and momentum for future growth; and to develop and expand existing and new higher margin business opportunities, such as Hartcourt Capital’s investment banking services. We will, however, monitor and evaluate the growth prospects for each sector and make the appropriate strategic decisions whenever they are warranted. One of the great advantages of our command structure is that it allows quick and effective response to change.

Our Companies...

Hrct’s expanding enterprise consists of a large network of companies engaging in a variety of technologically advanced businesses operating throughout Greater China and HK. The scope of our operations can make the integration of information for investors a little challenging. To make this process easier I have asked the leaders of each division to provide overviews of their businesses so you will have a clearer and more confident understanding of their operations and subsequently, your investment. Since we have just taken our Elephant Talk subsidiary public we’ll begin this week with Mr. Russelle Choi’s review of Elephant Talk. This is excellent work and it will be posted shortly. In my next update we will be taking a look at Sinobull.

In Conclusion...

Two things have jumped out at me as I have evaluated Hartcourt’s organization and contacted potential partners and investors over the last month; the tremendous dedication and work ethic of our employees and the broad scope of opportunity that exists for our companies. It’s not always smooth sailing but we are very well positioned in the worlds largest emerging corporate and consumer marketplace, and we’re moving in the right direction. We all appreciate your support and are working hard to deliver Hartcourt to the next level of success.

Best Regards,
Dr. Wallace Ching



Certain statements in this news release may constitute ``forward looking'' statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.


imho, Jerome

[myDDdotcom]

Lots of volume in past few days. I had been buying on the dip to .035 everytime for a couple of weeks when I could get it before anyone else did. I held off this time, seeing the weakness on the bid. But it got up to .04/.05 at one point today, hasn't done that in over a month.

Looks to me like they are moving shares into buyers hands, keeping the price down by selling into the mkt, while flushing accounts of others with the stock, and giving the MM a good gig for the spread, maybe hoping for a chit down the road.

 
 GTCI        open      high     low     close    change       volume             
  02/01/02     0.04     0.04     0.04     0.04    +0.00       204,000             
  01/31/02     0.04     0.04     0.04     0.04    +0.00       180,500             
  01/30/02     0.04     0.04     0.03     0.04    +0.04       184,500             
  01/29/02     0.00     0.04     0.03     0.00    -0.04             0             
  01/28/02     0.03     0.04     0.03     0.04    -0.00        65,500             
  01/25/02     0.04     0.04     0.03     0.04    +0.04        52,500             
  01/24/02     0.00     0.04     0.03     0.00    -0.04             0             
  01/23/02     0.03     0.04     0.03     0.04    -0.00       242,200             
  01/22/02     0.03     0.04     0.03     0.04    +0.00        77,700             
  01/18/02     0.04     0.04     0.04     0.04    -0.00        67,200             
  01/17/02     0.04     0.04     0.04     0.04    +0.04        27,500             
  01/16/02     0.00     0.04     0.04     0.00    -0.04             0             
  01/15/02     0.04     0.04     0.04     0.04    +0.01        61,600             
  01/14/02     0.04     0.04     0.04     0.04    -0.00        10,300             
  01/11/02     0.04     0.04     0.04     0.04    +0.00        20,000             
  01/10/02     0.04     0.04     0.04     0.04    +0.00        30,000             
  01/09/02     0.04     0.04     0.04     0.04    -0.00         9,500             
  01/08/02     0.04     0.04     0.04     0.04    +0.00        22,400             
  01/07/02     0.04     0.04     0.04     0.04    -0.00        97,100             
  01/04/02     0.04     0.04     0.04     0.04    +0.01        28,000             
  01/03/02     0.03     0.04     0.03     0.03    +0.00        22,800             
  01/02/02     0.03     0.04     0.03     0.03    -0.00        61,400             
  12/31/01     0.04     0.04     0.03     0.04    +0.00        47,300             
  
  GTCI        open      high     low     close    change       volume             
  12/28/01     0.04     0.04     0.04     0.04    +0.00        12,600             
  12/27/01     0.04     0.04     0.04     0.04    +0.00         7,700             
  12/26/01     0.04     0.04     0.04     0.04    +0.00        32,100             
  12/24/01     0.04     0.04     0.04     0.04    +0.00         8,500             
  12/21/01     0.04     0.04     0.04     0.04    +0.00        33,200             
  12/20/01     0.04     0.04     0.04     0.04    -0.00         9,900             
  12/19/01     0.03     0.04     0.03     0.04    +0.01        38,900             
  12/18/01     0.03     0.04     0.03     0.03    -0.01        38,100             
  12/17/01     0.05     0.06     0.04     0.04    -0.00       216,400             
  12/14/01     0.04     0.06     0.04     0.04    +0.00        24,200             
  12/13/01     0.04     0.05     0.04     0.04    +0.01       116,500             
  12/12/01     0.04     0.04     0.04     0.04    -0.01        41,400             
  12/11/01     0.04     0.04     0.03     0.04    +0.01       180,500             
  12/10/01     0.04     0.04     0.03     0.03    -0.01        50,400             
  12/07/01     0.03     0.04     0.03     0.04    +0.01        27,800             
  12/06/01     0.03     0.03     0.03     0.03    -0.01         8,200             
  12/05/01     0.04     0.04     0.03     0.04    +0.01        71,600             
  12/04/01     0.03     0.03     0.03     0.03    -0.00         2,600             
  12/03/01     0.03     0.04     0.03     0.03    -0.01       225,000             
  11/30/01     0.04     0.04     0.03     0.04    -0.00       321,500             
  11/29/01     0.04     0.04     0.04     0.04    +0.00        36,500             
  11/28/01     0.04     0.04     0.04     0.04    -0.00           800             
  11/27/01     0.04     0.04     0.04     0.04    +0.00        57,500             
  
  
  
  GTCI        open      high     low     close    change       volume             
  11/26/01     0.04     0.04     0.04     0.04    +0.00        45,100             
  11/23/01     0.04     0.04     0.04     0.04    +0.00        43,600             
  11/21/01     0.04     0.04     0.04     0.04    -0.00        36,000             
  11/20/01     0.04     0.04     0.04     0.04    -0.00        53,800             
  11/19/01     0.06     0.06     0.05     0.05    -0.00       192,500             
  11/16/01     0.05     0.05     0.05     0.05    +0.00       242,300             
  11/15/01     0.05     0.05     0.05     0.05    -0.00       128,100             
  11/14/01     0.06     0.06     0.05     0.05    +0.00       103,500             
  11/13/01     0.05     0.06     0.05     0.05    -0.00       117,000             
  11/12/01     0.05     0.06     0.05     0.06    +0.00        85,900             
  11/09/01     0.05     0.06     0.05     0.05    -0.01       164,000             
  11/08/01     0.05     0.07     0.05     0.06    +0.01       116,000             
  11/07/01     0.07     0.07     0.05     0.05    -0.01       180,500             
  11/06/01     0.06     0.07     0.06     0.07    +0.01       135,800             
  11/05/01     0.06     0.06     0.06     0.06    -0.01        69,000             
  11/02/01     0.06     0.07     0.06     0.07    +0.01       176,900             
  11/01/01     0.05     0.06     0.05     0.06    -0.01        26,000             
  10/31/01     0.07     0.07     0.05     0.06    -0.00       280,200             
  10/30/01     0.05     0.07     0.05     0.07    +0.01       388,300             
  10/29/01     0.05     0.06     0.04     0.06    +0.01       261,800             
  10/26/01     0.05     0.05     0.04     0.04    +0.00       109,500             
  10/25/01     0.05     0.05     0.04     0.04    +0.00       165,000             
  10/24/01     0.04     0.05     0.04     0.04    -0.01       157,900             
  
 

imho, Jerome

[mmayr]

I'm not holding my breath. eom

M&M Man

[myDDdotcom]

SRUN has doubled in price since the RM, so we will probably be at .50/.75 range as well, if not higher. What is important is that GTCI has a group of insider buyers (maybe out of China), that push up the mk't cap to get better financing and prices for acq's, lets hope that's in the cards.

imho, Jerome

[mmayr]

Hi Jerome,

I think it was a week after SRUN. Not exactly sure, however. At any rate. . .it's coming.

Keep the Faith!

M&M Man

[myDDdotcom]

I think GTCI got their RM about a month after SRUN, so probably a few more weeks here, if that to go.

imho, Jerome

[mmayr]

About "Reverse Mergers" >>>>>
http://listserv.otcjournal.com/otcjournal/20020116-1.html

Keep the Faith!

M&M Man

[mmayr]

Food for thought:

I found this article (on bashers) while browsing the Internet. Very interesting. Someone who still visits other threads (most of which are a waste of valuable time) may wish to post this where bashers exist in full force. LOL ~~ ;)

Here's the article:

Article written

by Hal Engel

for willywizard.com



The Method of Operation of the Professional Basher

Mr. John Doe or Mr. Anonymous, do you really think you are fooling everyone with your hypocrisy? You write suggestive messaging to have a subliminal effect on your readers. Don't you know Mr. JD or Mr. A through education the reader understands you are just doing your jobs? The intelligent and educated poster understands you are professionals. If they don’t they will after reading this article. You will be known in this article as the "Suggester" not as the "Basher".

Words to Understand:

Hypocrisy: a feigning to be what one is not or to believe what one does not; esp: the false assumption of an appearance of virtue or religion. Source: Merriam-Webster OnLine Dictionary


Example: claiming to stand for truth and honesty and attempt to hold someone accountable for every scintilla that comes along, while at the same time telling blatant lies and making unfounded false accusations against innocent people, and showing gross disrespect to those individuals that would hold the claimant accountable himself. Source: an anonymous friend

Subliminal: 1: inadequate to produce a sensation or perception 2: existing or functioning outside the area of conscious awareness <the mind><technics in advertising>-sublininally\adv Source: Merriam-Webster OnLine Dictionary

Example: The use of subliminal messages to discourage unwanted behavior. The use of subliminal messages on post boards is used to counter the possessiveness that exists in the mind in regards to an investment. This is a masking medium used in suggestiveness posting working on the subconscious minds of the readers.

Suggest: 1 a obsolete: to seek to influence: seduce b: to call forth :evoke c : to mention or imply as a possibility <suggested that he might bring his family> d : to propose as desirable or fitting <suggest a stroll> e : to offer for consideration or as a hypothesis <suggest a solution to a problem>
2 a : to call to mind by thought or association <the explosion... suggested sabotage -- F. L. Paxson> b : to serve as a motive or inspiration for <a play suggested by a historic incident>


Suggest er: synonyms - SUGGEST, IMPLY, HINT, INTIMATE, INSINUATE, mean to convey an idea indirectly. SUGGEST may stress putting into the mind by association of ideas, awakening of a desire, or initiating a train of thought <a film title that suggests its subject matter>, IMPLY is close to SUGGEST: but may indicate a more definite or logical relation of the unexpressed idea to the expressed <measures implying that bankruptcy was imminent>. HINT implies the use of slight or remote suggestion with a minimum of overt statement <hinted that she might have a job lined up>. INTIMATE stresses delicacy of suggestion without connoting any lack of candor <intimates that there is more to the situation than meets the eye>. INSINUATE applies to the conveying of a usually unpleasant idea in a sly underhanded manner <insinuated that there were shady dealings>. Source: Merriam-Webster OnLine Dictionary

Questions

I had a good friend recently email asking me a few questions in regards to "bashers". Here are a few of his questions. I don’t think he is the only one that asks these questions. I hope what I have written might help answering his questions and educate others.

"Why to bashers posting on a board all day.... Being negative...bad investment this and that … blah blah...WHY do they spend all day talking about something they hate?"
"Are they bored?"
"Are they just mad at something?"
"Are they paid?"
Types of Bashers/Suggesters

Basher/Suggesters are their own select breeds, most claim to be individuals with merit. Readers read they are here to help or they only want facts known so others don’t lose their money. They want the reader to think they have all the facts wanting to be the savior for everyone. Readers tend to follow the strong writer on a post board. Not many professional bashers/suggesters are weak individuals. Dominance with factual content is a key to the successful basher/suggester. Also basher/suggesters are accused of various relationships with the company or the stock. Below are ten examples why someone might be posting as the basher/suggester on a public post board. Not all fall in the category of the "Professional Basher" but they do have a motive to see a company’s stock price fluctuate.

They are employees that are not currently happy with the company.
They are x-employees that have quit or maybe fired
They are previous employees or employees of a company that is in some form of reorganization
They are competitors in some form
They have lost money in regards to the investment in company stock
They have friends that have lost money investing in the company stock
They are short sellers on this particular stock
They are related to some type of Market Making firm
They are paid by some unknown firm or individual to ruin the image of the company for various reasons
They are swing trading the moves of the stock-pumping up and bashing down
Many of the above categories are covered in articles already listed at http://willywizard.com

The Methods

1. Compiling Data

The suggester begins by compiling a list of data prior to beginning their suggestive bashing efforts. The suggester begins the informational gathering process by searching the company’s 10K and 10QSB’ reports. This is easy for them do to through sites like Free Edgar. Within the 10K & 10QSB companies’ list all financial data pertaining to past and current situations that have affected or will effect the company’s ability to operate in the future such as current pending lawsuits. The professional suggester makes sure they have enough information to answer all questions therefor they are able to create debate style rebuttals.

Here is a normal disclaimer an abnormal disclaimer and a legal disclaimer copied out of a two different 10QSB that profession suggesters use all the time.

GENERAL The statements contained in this Form 10-QSB, if not historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties that could cause actual results to differ materially from the results, financial or otherwise, or other expectations described in such forward-looking statements. Any forward-looking statement or statements speak only as of the date on which such statements were made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statements are made or reflect the occurrence of unanticipated events. Therefore, forward-looking statements should not be relied upon as prediction of actual future results.
This Annual Report on Form 10-KSB includes forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Forward Looking Statements"). All statements other than statements of historical fact included in this report are Forward Looking Statements. In the normal course of its business, the Company, in an effort to help keep its shareholders and the public informed about the Company's operations, may from time-to-time issue certain statements, either in writing or orally, that contain or may contain Forward-Looking Statements. Although the Company believes that the expectations reflected in such Forward Looking Statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, past and possible future, of acquisitions and projected or anticipated benefits from acquisitions made by or to be made by the Company, or projections involving anticipated revenues, earnings, levels of capital expenditures or other aspects of operating results. All phases of the Company operations are subject to a number of uncertainties, risks and other influences, many of which are outside the control of the Company and any one of which, or a combination of which, could materially affect the results of the Company's proposed operations and whether Forward Looking Statements made by the Company ultimately prove to be accurate. Such important factors ("Important Factors") and other factors could cause actual results to differ materially from the Company's expectations are disclosed in this report. All prior and subsequent written and oral Forward Looking Statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Important Factors described below that could cause actual results to differ materially

The Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the financial statements of the Company.



2. Suggestive Posting

Once all data is complied suggestive posting begins. Now that the suggester is armed for battle with all the data he can possible find they begin posting using approximately 25% fact and 75% suggestive posting. In this suggestive method of posting there are messages that subliminally effect the mind of the reader by planting doubt. The normal method of suggestive posting is to refer back to SEC registrations such as quarterly statements, earnings and lawsuits while cutting and pasting the parts the reader will find troublesome. The facts they pull from SEC records will lend credibility to their suggestions. However, they never set out a thesis. A common tactic is to highlight in bold a section and attempt to hold that you the reader must explain the highlighted section. Follow this example: Mary had a little lamb. So where’s the lamb now? They never write about the forward progress of a company this might interfere with their mission. The suggester keys in on the weakest unskilled posters that are not capable of combating their data facts. The facts a suggester uses are coordinated facts that will even bring the most intelligent posters down to his level.

3. Multiple Alias Posting

The suggester will develop multiple aliases, possible using more then one ISP or computers to try to hide his location. They have been known to go to Libraries or Internet Coffee Shops to use computers while running their bashing onslaught on a particular company. They don’t start out with a full frontal assault on the company or it’s shareholders. This full attack is counter-productive and hurts the image the suggester needs for their credibility. Therefore they methodically work their assault into high gear. Through the multiple alias usage the suggester will stimulate discussion to build supportive rapport with the reader. During this discussion with others the suggester will joke and play on a post board with others trying to win their following. All this slowly builds the credibility of the aliases. Once the suggesters have built the rapport with the posters of a board they start their premeditated onslaught of planting doubt with suggestive posting. This normally takes place by four or five aliases dominating a board wearing down the longs. They will also use multiple aliases posting to each other building each alias up trying to show the reader they are knowledgeable about the subject supporting each other’s views. At this point many longs that are easily influenced fall right into the trap set by the basher.

4. Planting Doubt

One thing that is very important is suggesters are not there to create a fast plunge in the stock price. By planting subliminal suggestive doubt about the ability of the company to make a profit day after day the share price declines gradually. The suggester does not want a fast plunge in share price because this might focus outright intent to damage the company and could be used in a potential future lawsuit by the company. Many companies are currently filing lawsuits and the main reason is share price decline that they blame on basher/suggesters posts on message boards. Suggesting a reverse spilt in high authorized and outstanding share count companies is also a method the suggester uses to plant doubt. Many investors have witnessed companies do reverse splits when issued shares reach the authorized allowance. Many of the small companies need capitalization and issue shares for working capital or to pay down debt. The suggester will always play on the reverse split issue. This is a given for the professional basher.

The reader will also witness the use of all caps in wording. This is especially true when reading post headings. The heading of a message is the first to catch the eye of the reader. The reader does not even have to enter the post to read the entire suggestive message. The heading has already subliminally had an effect on the reader. A few examples of this method of posting are headings such as: "SELL NOW BEFORE IT IS TO LATE!", "THE CEO IS A FRAUD!", ""THIS DOG IS DEAD!", "HEADED FOR THE PINKS!", "ABOUT TO GET DELISTED!", "SELL! SELL ! SELL!", "INSIDERS ARE SELLING!", "WHO IS DOING ALL THE SELLING?!", "SOMEONE IS SELLING, WHO?". THIS STOCK WILL TANK TOMORROW!", SELL THIS DOG NOW!"

These are just a few headings you might have read while visiting your favorite stocks post board.

5. Long PR Suggestions

The suggester discourages the longs about taking the companies word on any forward projection. If the company’s forward projection history and PR's are not completed the suggester brings this subject up constantly pointing towards the inability of the company to follow through with completion of announcements contained in PRs. Then they encourage the long to call the company and question the validity of PR projection and why they are never completed. Many of these PRs contain acquisitions intents or other forward projections. The suggester also encourages the long to ask about other issues such as reverse splits. If the company is questionable the suggester will post company phone numbers until longs are habitually bombarding the company with calls about PRs and why there is no follow through on other announcements. The basher knows many longs will not call a company and will just sell after others report in post what they are told or what they were not told.

6. Use Hypesters for Fuel

All post boards have the hypester present just like all boards have the suggester present. The suggester looks for the hypesters on a board. They zero in and target these types of posters. They understand the enthusiasm of the hypester and when confronted they know the hypester will return posting. This allows the suggester to keep the flow of posts moving and use the hypester to their advantage. These debate style posts play right into the suggester’s needs to create a debate atmosphere on a board. This allows the suggester to post some of his factual data while he proves the hypster is mostly all hype. Remember most suggesters are very professional and you should not consider them ordinary posters. Very seldom do you read a professional suggester calling a hypester or a poster names or using profanity in their posts. But the hypester loses credibility because 100% of the time he attacks the suggester with name-calling. This name-calling by the hypester adds to the credibility of the suggester.

7. Knows When Identified

The suggesters know when a board has them identified and they need to back off. They will put up a brief fight then back off very quickly. The suggester does not leave for long. After a short hiatus, maybe an hour they are right back to posting. The poster that makes them back off the quickest is a poster that does not argue or try to do battle with the suggester. This poster will confront the suggester with logic and facts. This type of poster is easy for the suggester to identify. Under normal circumstances the basher does not even attempt to answer this type of poster. The suggester realizes this poster would only damage what he just took hours, days or weeks to accomplish while building rapport with reader.

8. Share Price

When a stock price is moving up the suggester takes his time suggesting and covering all the bad points of the company. The suggester understands the share price will hesitate as it moves up. The suggester is a professional and well versed with the understandings of market momentum and meanings such as overbought and oversold. At each hesitation point the suggester will pick up posting until the share price is considered to high to buy by longs or an overbought condition is apparent. Once the suggester thinks a turn in price to the downside starts, posting picks up again. It is common for a basher to bash a stock heavier as they move down. Every time the suggester is able to plant a little more doubt someone sells and perpetuates the selling pushing the stock price lower. Once the suggester has that down trend established he knows he has won. At every level the stock price hesitates while moving down the bashers posting frequency picks up. Also at this time the long only becomes frightened because of there loses are increasing each step of the move down. Once the oversold condition is apparent the suggester will back off and allow the longs to move a price up again. This is very true for suggesters that are playing the rolls in a stock, trading in and out of their positions. When considering share price we need to remember I wrote ten types of basher/suggesters. Not all of them want to see a company close its doors.

To summarize the above we read ten reasons why a basher/suggester would spend day after day posting on an Internet post board. The reasons consist of a very wide range from hatred towards the company to trading the company’s stock in the open market. No matter which of the ten categories the poster falls in he is still grouped into the category of the "Basher". The use of the above sub topics, Compiling Data, Suggestive Posting, Multiple Alias Posting, Planting Doubt, Long Shareholder Suggestions, Use Hypesters for Fuel, Knows When Identified and Share Price listed under heading Methods gives the methods the professional will use to fulfill their objective. Once they have entered into this elite profession they have graduated from basher entering the elite classification known as the "Professional Basher".

Written by,

Hal Engel owner of http://willywizard.com ‘s OTCBBs and Small Cap Financial Hub

The writer allows this article to be placed wherever bashers are present. Please only the entire article or a link to it. Thank you.

©2000-2001 WillyWizard.com

Readers Caution: This writer/owner is not a licensed investment advisor or analyst nor does he give out buy or sell advice to anyone. The writer or owner of this site , its employees and affiliates are not associated with any NASD or NYSE member firm.



Keep the Faith!

M&M Man

[mmayr]

I can't wait until we see the day when this R/S and merger is complete. I don't think we'll see much action on this one until all the work is completed. It will be nice to have our thread named after Sinobull.com. . .which in turn will help to get rid of the GTCI ticker and the confusion in the market. I really thought the GTCI/Sinobull merger would be completed before the SRUN/ET deal. Nothing ever goes as planned:(.

Peace. . .

Keep the Faith!

M&M Man

[myDDdotcom]

Sure looked like GTCI was going to uptick, with 5 mms on .035, then it got hit with a selling bug, and the ask was down to .035 again, so I picked up a few more shares.

imho, Jerome

[EZ2]

SRUN/ET news............

1/17/2002 08:03 AM

Elephant Talk Ltd., a Hartcourt Subsidiary, Completed the Merger With Staruni Corporation


New Entity, Elephant Talk Communications Inc., Will Be Traded
Under New Ticker Symbol, ETLK

LOS ANGELES, Jan. 17 /PRNewswire-FirstCall/ -- Staruni Corp. (SRUN) today announced the closing of the merger with Elephant Talk Limited, a subsidiary of The Hartcourt Companies, Inc. (HRCT). Staruni also announces the approval of a 1 for 10 reverse split. The company will change its name to Elephant Talk Communications, Inc. and commence trading of its shares on the US OTC Bulletin Board Market on January 22, 2002 under the ticker symbol ETLK. As a result of the merger, 51.8% of the outstanding shares will be distributed to The Hartcourt Companies Inc., 38.2% to the shareholders of Elephant Talk Limited and 10% to Staruni shareholders. Complete details are available in the coming 8K filing. Additional information can be found at www.elephanttalk.com .

"We are pleased to finalize the merger and commence trading of our shares in the US markets. The listing will allow us to raise the necessary capital for business expansion and unlock the valuation of our company," said Mr. Russelle Choi, President and CEO of Elephant Talk Communications, Inc. "The Company's strategy is to leverage our expertise and established relationships with carriers in the region to pursue early entry into selected deregulating markets in the PRC and Asian Pacific regions," added Mr. Choi. "We have also successfully signed new service agreements and are currently implementing interconnections with first tier North American carriers for terminating their minutes in the region. Fusing our established network with new technology expertise will consolidate our ability to provide high quality services to end-users and provide positive returns for our investors."

Hartcourt's CEO and President, Dr. Wallace Ching stated: "This is a rewarding event for Hartcourt and its shareholders. In a difficult environment, we have been able to execute our strategy to create market valuation for our assets. This is the first of our companies to become publicly traded and our Sinobull and AI-Asia divisions will follow, as planned. The process allows the newly trading companies to be valued in the public markets and enhances its ability to raise capital for further growth and acquisitions. It also provides Hartcourt leverage and liquidity over the ownership in the companies to facilitate new ventures and acquisitions of its own. As we rapidly develop the commerce framework between our companies, the synergy will create additional funding, marketing, and expansion opportunities to continue the successful deployment of our organizational plans."

Elephant Talk is striving to become the leading Internet Telephony Service Provider (ITSP) focusing on the deployment of IP-based communications services. The information technology and telecommunications sectors are experience rapid development. The Company is well positioned to capture market share in the expanding China market through its strategic partnerships and service agreements with various Chinese authorities, incumbent telecom houses, and state enterprises with nation-wide ISP, ICP, Call Centers and V-SAT licenses. Its recent partnership with JiTong Communications is an example of this strategy's success. In the coming quarters, the Company will be phase-launching its PC-to-Phone and PC-to-Fax services with strategic emphasis on Greater China markets.

About Elephant Talk Communications, Inc.

Elephant Talk Communications Inc. (ET) is a licensed ISR carrier (licenses including US FCC 214, HK ETS and ISP PNETS) providing voice, data transmission, pre-paid calling cards and ISP services. ET commenced operations as an international long distance services provider in late 1994 by establishing and operating hubs in Hong Kong and the US as its gateway to the North American and World carrier markets. The Company is a facility-based international long distance carrier offering highly reliable, low-cost switch-voice services for both the wholesale and retail market. ET is a brand-name provider of global long-distance telecom services and one of the leading international telecommunication service providers in Hong Kong. ET integrates advanced US telecommunication technologies to service China and Hong Kong's first tier telecommunications carrier markets, while facilitating price point and first-mover advantages for Hong Kong based carriers.

Forward-Looking Statement

Certain statements in this news release may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statements to differ materially from the forward-looking statements.


SOURCE Staruni Corporation; The Hartcourt Companies, Inc.

CONTACT: Roxana Yung, General Manager of Elephant Talk Communications
Inc., 011 (852) 2707 0703, or fax, 011 (852) 2707 0707,
[e-mail]

URL: http://www.elephanttalk.com
http://www.prnewswire.com

Copyright (C) 2002 PR Newswire. All rights reserved.


KEYWORD: California
China
INDUSTRY KEYWORD: TLS
OTC
SUBJECT CODE: TNM
OTC

[mmayr]

Well, it appears the SRUN ticker has been changed to relate to ET. The information is posted on the HRCT thread at Ihub. It would be nice to get an update now on GTCI and Sinobull. The last I understood. . .everything was on track. Anyone have any more information they can provide? It would be appreciated.

Peace. . .

M&M Man

[myDDdotcom]

Thanks for the update, looking forward to GTCI financials to see what we have here.

imho, Jerome

[EZ2]

Letter to Shareholders by new CEO, Dr. Ching
Dear Shareholders,

I have spent my first week as the CEO of Hartcourt and it was as challenging and rewarding as I had hoped. Following my initial review of our operations I have developed a brief summary of our strategy and goals for the upcoming year that I would like to share with all of you. This is not intended to serve as a definitive company mission statement or organizational analysis but it will provide a basic outline for reference as we roll out our near term business initiatives. As we lay out our long range business plan you will receive a more detailed description of our operational strategies and upcoming events.

Achievements
As Dr. Phan described in his farewell letter, he and his management team, "started out with nothing in March 1999 to build an Internet conglomerate in Greater China. Today, we own the majority shares of 12 operating companies and investments in 3 portfolio companies. These companies have solid assets, revenue and good market positioning in the fastest growing market in the world. They have 22 major strategic partners who are the well-known leaders of their industry in global markets."

Despite the deflation of the tech bubble, and the subsequent economic downturn, Hartcourt has weathered the storm well and is on schedule to spin off its ElephantTalk and Sinobull subsidiaries. Under Dr. Phan's leadership Hartcourt has established an influential and respected reputation in the region for successfully providing access to the U.S. capital markets for high quality, high-growth technology companies in China and the region.

Opportunity
Our focus will still be primarily to capture opportunities in China. Despite the dismal economic conditions in the rest of Asia, China's economy is still posed for very strong growth, in excess of 5% per annum. It is anticipated that more deregulation and liberalization will take place across various sectors (e.g. telecommunication, media and retail), thus opening up investment and acquisition opportunities for well-positioned foreign companies such as Hartcourt.

Profitability
My first priority on the job will be to return Hartcourt to profitability. As a result of the global economic downturn, the capital markets today have returned to more traditional company valuation methodologies. These are primarily based on earnings and cash flows. To achieve this goal; (1) each subsidiary of Hartcourt will strive to reach profitability in 2002 by actively implementing appropriate operational strategies and exploiting the benefits of synergies resulting from mergers, (Sinobull and AI-Asia, for instance). This commerce framework, structured to create interrelated business opportunities throughout our organization, is already producing increases in revenue streams and reductions in GSA margins. And, (2) develop and expand existing and new high margin business opportunities, including E-learning and Hartcourt Capital.

Growth
In addition, a sustainable high growth rate is an important variable in the valuation equation, as only high growth companies deserve high valuation multiples. Apart from the organic growth that each subsidiary will strive to attain, we plan to identify small high-quality, profitable, technology companies for acquisition in order to provide impetus and momentum for growth.


Key business areas
Hartcourt will continue to explore business and investment opportunities in high growth industry sectors. Right now our main focus is in financial data provisioning and application development (Sinobull), broadband infrastructure (Elephant Talk), software development (AI-Asia), e-education and media. We will, however, continue to monitor and evaluate the growth prospects of these sectors and made decisions to divest and switch from slow-growth to high-growth sectors from time to time.

Hartcourt Capital
In light of the deal sourcing and referral network that Dr. Phan, myself and other senior management team members have established over the years we have decided to set up a new subsidiary, Hartcourt Capital, to capitalize on this network of deal originations. Hartcourt Capital will focus on providing fee-based investment banking type services to small to medium size technology companies in the Greater China region. In particular, we will aim to service those companies that are suitable for a direct or backdoor listing on the US Nasdaq, Amex, or OTC markets. Hartcourt itself may or may not be involved in the transaction as a principal depending on the nature of the transaction and degree of compatibility with Hartcourt's overall strategic direction.

We will also contact a selected number of qualified and institutional investors to explore the likelihood of setting up a Hartcourt China Venture Fund to invest in late-stage technology companies that are ready for an initial public offering within two years' time.

Subject to U.S. Securities regulation, I will be happy to update you all from time to time on the progress of various initiatives, business development, and acquisition activities. As I assume the leadership of the new management team I hope you will continue to provide the dedicated support that was so appreciated by Dr. Phan.

Yours sincerely,

Dr. Wallace Ching, CFA.

[myDDdotcom]

Thanks, 15th, looking forward to it. MM's on bid side at .035 are getting stronger, looks like an uptick is ahead.

imho, Jerome

[mmayr]

I'm posting this message. . .because. . .it's been a LONG time since anyone posted on this thread. Haijek. . .who appears to know something about HRCT. . .has posted that news will be coming soon. Not sure who they are. . .but their English is shakey. Probably someone from China. So. . .take that for what you will. Lets hope the R/M of Sinobull.com with GTCI will be completed on the 15th as previously announced to the press.



Keep the Faith!

M&M Man

[myDDdotcom]

China Overtakes Italy as World's Sixth Biggest Economy

ROME, Dec 31, 2001 (Xinhua via COMTEX) -- China has snatched the sixth place
from Italy in the table of the world's top economic powers, the Bloomberg news
agency reported on Monday.

Over the 12-month period ending in September 2001, Italy's GDP was 1.1 trillion
U.S. dollars, Bloomberg said, noting that this was less than the 1.2 trillion
dollars cited by China's central statistics office in a press report Monday.

Chinese authorities were quoted in a top national daily as forecasting gross
domestic product for 2001 at 9,580 billion yuan (1.2 trillion dollars).

Because the period referred to by Chinese officials (January-December 2001) was
different to the statistics for Italy, some doubt remained over whether China
had actually overtaken Italy.

If the Bloomberg rankings are confirmed, Italy will slip to the seventh place in
the table of economic powers, behind China and France which share fifth place.
The top four are the United States, Japan, Germany and Britain.

China, which recently joined the World Trade Organisation (WTO), has averaged
GDP growth of 8.3 percent in the last five years. Italy's average growth has
been under 3 percent.


imho, Jerome

[myDDdotcom]

Could be, but I would hope that they at least give out a portion of a position, to add shareholders to the stock. Perhaps though, their shares are restricted (with most RM's they are), so HRCT will hold them a year at least.

imho, Jerome

[EZ2]

don't be too shocked if it ends up being -0- ///////
rumor has it the "flavor of the day" is to leave the
value imbedded within HRCT.......which i/t/l/r....should
enhance HRCT s/h in a VERY significant way !! And, at the
same time, I believe Wallace Ching would MUCH prefer dealing from that position of "value strength" going forward....to entice institutional/big buck$$$$$$$ investors into HRCT !!
Time will Tell !!!!!
EZ :)

[myDDdotcom]

10k and NITE leaves the ask .035 to .04, 15k more, and the next MMat .04 is gone, leaves the bid ask at the end of the day at .03/.05 like .30/.50 cents in %, I hope they don't plan on spreading it out that much after the split, or we may be in a log haul. I bought shares on this last dip under .04 and plan on flipping more often here with the stock, I hope other longs are doing the same, as we need to get volume in the stock. If there is no volume, and the stock is sitting with big spreads most of the time, I will likely dump on a spike upward, I don't feel like holding these type of non-liquid stocks, but I like the stock, so could buy it back lower... anyway, we'll see. Anyone have a rumor as to what the HRCT holders are going to get as a dividend? I am guessing that it will be 1:10, could be less though.

imho, Jerome

[myDDdotcom]

Man, this mkt, always does exactly the opposite of what you expect. I guess there are shares that want out, because only 57% approved of the RM, and they are exiting, I am a buyer under .04, as the lineup of MM's at .03 shows that to be the floor. Once we get these sellers out of the way, we'll have only those that want to hold SinoBull, and with the tight float, move up. Sure is volitile.

imho, Jerome

[myDDdotcom]

I want to buy more in the .03's again.

imho, Jerome

[myDDdotcom]

GTCI Receives Shareholder Approval to Complete Merger With Sinobull

VANCOUVER, British Columbia, Dec 17, 2001 (BUSINESS WIRE) -- Global Telephone
Communication, Inc. (OTCBB:GTCI) is pleased to announce that the shareholders
have passed all resolutions at the special meeting of the shareholders held on
December 14, 2001.

The Company received over 17,919,341 votes from shareholders, representing 57.9%
of the total shares outstanding, in favor of the merger with Sinobull Financial
Group. The merger is anticipated to close on January 15, 2002.

"GTCI has been given a tremendous opportunity to merge with an established
company with a proven track record and an exciting growth potential which will
result in a new era of generating increasing valuation for GTCI`s shareholders."


About Sinobull Financial Group

The Sinobull Group has been in business for sixteen years and is a leading
financial content provider, develops technologically advanced financial services
platforms and operates a financial internet portal. The Sinobull Financial Group
provides; news, data, financial analysis, real-time pricing, historical pricing,
indicative data, and wireless communications technology to the Greater China
business community and media outlets. Providing financial services for; China's
investment institutions, commercial banks, government offices and agencies,
corporations, and news/media organizations.

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and section 21E of the Securities and
Exchange Act of 1934 and is subject to safe harbor created by these sections.
Actual results, performance or achievements could differ materially from those
anticipated in such forward-looking statements, which involve numerous risks and
uncertainties, including the Company's ability to market its goods and services
and future customer acceptance for these goods and services.


CONTACT: For Global Telephone Communication, Inc.
Shadi Khazei, 877/901-4824


imho, Jerome

[mmayr]

Thanks for the update, DD~!! Yeah, lets rise!

Peace. . .and. . .

Keep the Faith!

M&M Man

[myDDdotcom]

I heard the vote was affrimative! OK, lets start to rise in price.

imho, Jerome

[mmayr]

The "vote" should take place on December 14th. This is going to be interesting. I'm still waiting for the last statement to come true. . .that before the end of the year HRCT shareholders will hold "4" publicly traded companies in their portfolios.

~~~~~~

This is one OTC BB stock I have had a LOT of belief in for a LONG time. I don't think the "belief" is going to last if we long-termers don't see some information (published) pertaining to the dividends paid out on Enova shares, and Sinobull.com shares. Lets get this show on the road!

And. . .pertaining to the safety of our American warriors overseas. . .

Keep the Faith!

M&M Man