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What Mr. Hyland gets...
3. COMPENSATION.
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(a) SALARY. You will receive for your services an annual base salary of
twenty thousand US dollars ($20,000), payable in equal monthly installments of
eight hundred thirty three US dollars and thirty three cents ($833.33) cash and
eight hundred thirty US dollars and thirty three cents ($833.33) worth of
Hartcourt common shares. The average 20-day trading price of Hartcourt prior to
the first of month will be used to calculate this compensation amount. The
salary will be paid in accordance with the Company's standard payroll practices
and subject to standard withholdings for taxes and social security and the like.
Your Base Salary will be reviewed annually.
(b) EXPENSES. Subject to compliance with the Company's normal and
customary policies regarding substantiation and verification of business
expenses, you are authorized to incur on behalf of the Company, and the Company
will directly pay or shall fully reimburse you for, all customary and reasonable
expenses incurred for promoting, pursuing, or otherwise furthering the business
of the Company and its affiliates.
4. STOCK.
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The Company will grant you an option to purchase common stock
consisting of 100,000 shares of common stock at an exercise price per share
equal to no more than the closing price on December 31, 2004. The Initial
Vesting Date for these shares shall be December 31, 2005.
...I want to thank all the posters here for once again making this board a source of amusement for me...So thank you one and all...but I specially thank the posters with blinders on that refuse to see the light of day. Without them this board would be as boring as this company...JMHO...
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ps...This sure is a fun stock to own and GOOOOOOOOO Hartcourt
..but I do wonder how the last CEO, who was the best person for that position, could leave so much for the current CEO to change. Why couldn't she/he just continue with his/her brilliant work. If you are wondering why I left the names out...I may want to use this post again for the next CEO...how much longer does this one have anyway? 6 months?
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on the bright side...any investors who have been kicking themselves about not loading up the last time we were at 5 cents, have a good chance of taking advantage of it this time.
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...Maybe some longtime Hartcourt investors have to look back, to see when Hartcourt was green and their investment was in the black...How far back do you have to look to see yourself posting, " I punished myself today and bought more shares"? Where is that money now?...
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...another fresh start for Hartcourt?...Why not...Maybe this will be the one that finally gets us o...
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It appears to be an interpretation of what has happened...JMHO
I do believe that was said last year at this time..."The next year will become the 'Hartcourt Year'!!!..lol"...
...perhaps the LOL is new, and this statement is no more than a joke...much like the waiting for this company to develop.
HAPPY HOLIDAYS TO ALL, AND TO ALL A GOOD NIGHT...LOL
Gooooooooooooooooo Hartcourt...
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ps...you are all invited to my place in Tagbilaren, Bohol for some eggnog and tuba. Tuba is an alcoholic beverage made from the juice of coconuts. Drink up and join the party...
you forgot to LOL before your jmo...what's up with that?
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yes, I forgot that they like to test the weak of heart before there is a significant event. I feel better now. Thank you...
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that's right, One should not expect a Walmart on the OTC...but I do expect the truth instead of broken promises...but now that we have Carrie, or has she been replaced, it is getting to be about that time to rotate the CEO. Well whoever it is, I'm positive he/she is just the right person to lead us to Utopia...Hartcourt rocks and will soon offer a cash dividend like Microsoft. This will be shortly after we get off the OTC and onto an exchange that we deserve...bb
been pretty dark for a lonngggg time...but don't let that keep you from being optomistic...buy more
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oboy...a surprise in the offing...maybe...it's possible...I don't know...but could be...one things for sure. This is a fun board,I mean stock to own...
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can't believe I wrote and posted that...gotta put my pipe down...
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yeah...I can't think of any actual failures...I'll wait with you Tin...We will be filthy rich once Carrie and company get some more profitable acquisitions lined up and we get off this OTC...I'm upset at those MM rascals too. They should just let Hartcourt's shareprice rise and rise until I sell, and then they could bring it back down and I could buy back in...Maybe it is just a question of timing...or luck...or...
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Getting ugly?
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Walsh, with all due respect...Is this "CONVERSATION" you had anything like your "BIG NEWS" hype a while back?
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Wellll...............someone had to come here and post...................
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I guess the mm's are taking us down before the big news release. They are so predictable...don't you think? We have the best possible team we could have, and we will follow them anywhere, cuz we are all gonna get rich soon...Hey Walsh...How you doing with that new big news release? Almost finished? LOL
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but Mark, "think" of the possibilities...if we can maintain our profit margin and do say, 5 billion in revenue, it will net us a cool 10 million bucks...what could be better than that...peace
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sorry for my continued confusion...are you now saying that $1,000,000 net out of $500,000,000 revenue is 20&?
$500,000,000 revenue will net us $1,000,000? is this good? am I reading this right? or was there a typo? we make $1 for every $500 we do? I have to be wrong...right?
Dilution Tin...plain and simple. In 1999 there were 20 million shares. We had one forward split and everyone's shares doubled including Hartcourts. Now how many times have HRCT's shares doubled and our percentage gets smaller. in 1999 we had @ $20,000,000.00 market cap, and it meant something to own 100,000 shares. 100,000 shares is worth $25,000 dollars now and for you to get to your investment back what will HRCT'S share price have to be now, and what will that make the market cap be then. Dilution is dilution and a r/s, which I am for, will not only reduce the float, but our shares also. So while the companty has grown, it has grown at our expense...and investors have left, and there is the common thread with momma.com...
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ps...of course they slowed the acquisition machine...the printing press is out of ink...LOL
sound familiar...
And that's why we're here today. Tuesday, Mamma announced yet more dilution in the form of a 1.5 million share private placement -- plus the option to grab another 600,000. There you go, kids. Your piece of the action just got 10% to 15% smaller
Look again...
sound familiar...
And that's why we're here today. Tuesday, Mamma announced yet more dilution in the form of a 1.5 million share private placement -- plus the option to grab another 600,000. There you go, kids. Your piece of the action just got 10% to 15% smaller.
Investors responded by dropping the shares 8.5%. I can't blame them. They're probably getting tired of sharing their meager goodies with overgenerous insider grants and favored newcomers. And for what? How about some "aggressive" pursuit of acquisitions and mergers? Mamma was already sitting on $4.5 million in cash, with a new-and-improved, high-margin business model. You'd think she'd want to take a breather, or at least spend a little time making the easy bucks. Apparently not.
The dilemma for investors is whether to join Mamma for one wild ride. So long as she's packing a P/E ratio north of 180, dragging in lumpy revenues, and giving my cookies to the neighbors, I think I'd have to sit this one out.
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Don't you love the way Carrie says "Penetration"? Now that is leadership...
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And I am disappointed...I wanted to see if the guy who was right would finally open the eyes of the other...
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June 1 sounds good, but what year are you talking about...
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I'm wondering how many of you went to your brokers/account holders and tried to get the restriction lifted. I had no problem at all...but it is fun to complain. I'm annoyed with Hartcourt. No secret there, I just don't bother sayin' much about it...Hey boatRgirl, drop me an email at fd47@bestweb.net...I have something to tell you, if you're interested. Regarding your ETLK shares, and don't feel like airin' it here...Salamat
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No boatRgirl, I'm not kidding...After I read a few weeks back that you had shares with TD Waterhouse and couldn't get the restriction lifted, I figgered I'd just check the situation out fer myself. To my pleasant surprise, all I had to do was sign a form and ba-da-bing...a couple of weeks go by and today their status changed. I deal with the office in Mt. Kisco, NY and my agent/broker is Mrs. Nita Pandey...I hope I have spelled it right. She has always been helpful to me, the few times I have called on her. Try and reach her and say you are a friend...I'm not sure you can do that, but try, I'm really not a bad guy, just a bit of a realist...of mine, and I am David Jones, but you may call me Dave. Good luck...and Peace
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And my ETLK shares became unrestricted today too...TD Waterhouse, so far there has been no charge to my account either...What a great stock...and so much fun to own...Go HRCT
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on the bright side...there is better volume today
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I thought we decided to wait for the next filing...and then the next one ...and so on cuz the next will always be the one...GO HARTCOURT.......
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But you can't BUY a cup of coffee with it...
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Yeah, and talk about going on a BIG board...
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My apologies for being a realist...
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Tin, in reply to your p/m, my answer to Penny was facetious. My apologies for being vague. Not for a second do I believe HRCT will attempt to apply to the AMEX thru that "no minimum shareprice" angle with their history. I just don't see the rush for an application. We are now a .50 stock, and that is it. In time, sooner if there is a r/s, we might be a $3,4, or $5 dollar stock. Then we can apply. I think that this board is setting itself up for a letdown. I've been here almost 5 years and I've seen a lot, but only in the last year have I regained hope that they just might be able to do it this time. So don't think I don't have any faith or hope. Yes, the dream lives...just don't wake them up too early, and that is what I think this application stuff is doing right now. Why push them for an application when we are clearly, IMHO, not ready.
And Tin, thanks again for being a gentleman and letting various opinions propagate discussion. After a day of work I use this board to cheer me up. I always leave with a smile whether I post or not. Most times I don't post. Peace...
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...Keep making excuses for HRCT and belittle others for being wary. And what are you going to do about this application thing when it doesn't happen. Do you really believe they are going to apply to the NAZ or DOW or even the AMEX with a 50 cent stock? This board is amusing but that is all...The only way for them to jack the s/p up is with a r/s, either 1 for 10 or 1 for 20, I don't care which. Then we can legitimately apply for a listing on another board, but we all KNOW that won't happen because they said there would be no r/s. On the positive side, at least they might keep that promise...fire away...
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...and TASR had a 3 for 1 split a month or two back.
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