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Thank god we're getting out of the computer business.
bar, management didn't say they wanted to play Q 'n A. You're setting up a straw man.
brdsng, you must've been feeling some shock and awe when HRCT popped 29% today.
I like this new direction.
Careful analysis? lol I've watched this stock for six years and, believe me, if HRCT shows a heart-beat, the speculators will be in here in droves. This isn't MSFT.
Unless you think the world has somehow rid itself of people trying make a fast buck? lmao
Yeh, well, I hope you're right, Tin.
And, actually, news of an SEC resolution would pop us to .08, maybe .12, after a month or two of selling into strenghth by the non-believers.
In retrospect, it appears that Carrie's announcement of an SEC settlement in May, 2006, was intended to keep the waters calm while she cleaned out her desk. Its been two months. If she had something imminent it would have happened by now, I'd say.
The latest emails from management don't give an actual day/month/quarter/year/decade/centennial/millenium for resolution of the SEC matter.
Oracle of Omaha set to give Billions to charity.
http://news.yahoo.com/s/ap/20060625/ap_on_bi_ge/buffett_s_benevolence
If I could exit with a 50% loss, I would.
The new management has no promises to keep. HRCT is fading, its webpage flickering like a broken neon sign.
I doubt these PHDs on the Board are going to take HRCT anywhere. We need a PHD wannabee. Someone interested in turning a frog into a prince.
I'm hanging out because I have these shares, and if by some miracle this stock gets to, lets see, how about .50 or even a $1.00, well, I'd be a happy camper out in this parking lot for six years, lol
Go Heat!
Exactly.
I've almost concluded that no one in HRCT management is actually serious about the business. They're filling roles, slots, chairs. There's no vision. Maybe there's just too much baggage. Carrie may have made a legitimate attempt to sort things out, I don't know. But unless an exec comes along with some real fire HRCT may be headed for disintegration, and soon, because decay and growth play against each other, and "he who isn't busy being born is busy dyin."
MKA Capital Exchanges Its Assets and Enters Into Resources Recovery Business
Tuesday May 30, 7:56 am ET
SHANGHAI, China--(BUSINESS WIRE)--May 30, 2006--MKA Capital, Inc. (OTCBB:MKAC - News) announced today it has entered into a share exchange agreement which will allow it to dispose the aviation leasing business and enter into the flourishing industrial resources recovery business.
ADVERTISEMENT
In order to increase the shareholders' values, the company has seized the opportunity to dispose its 75% ownership in MK Aviation, SA due to certain performance issues, in exchange for 100% of Sancon Recycling Pty Limited. Sancon is an industrial waste management company with its operations based in Australia, Hong Kong and China. Sancon serves a wide range of industrial clients throughout Australia by collecting and recycling their industrial wastes before exporting to China for re-entry to manufacture cycles as recovered raw materials. Sancon currently exports more than 6,000 tons of plastic, cardboard, paper and other forms of recyclable materials every year. Through its Hong Kong based affiliates it imports into China 25,000 tons of recyclable materials every year for resell after further processing either from its own processing plants or other processing plants.
"The use of recycled material is both environmentally friendly and a key part of today's competitive manufacturing process to lower costs. The soaring raw material price for manufactures, especially in China has created tremendous demands for recycled materials. At Sancon, we are developing fully the opportunities we have identified between the soaring manufacturing needs in China and the dynamic process to recycle waste materials such as plastics, cardboard, and paper," comments Mr. Jack Chen, president of Sancon. "We are very pleased to become a part of a public company through MKA Capital. This will allow us to tap into the capital market to fund our expansion program to satisfy the insatiable demands from our manufacturing customers."
MKA Capital will change its name to Sancon Resources Recovery Inc.
There are a total of 32 companies in the waste management industry listed in the US with combined market capitalization of $38 billion and average PE ratio of 22. Plastics consumption has been growing every year in developed western nations for decades, and accounts for over 10% of municipal solid waste in the US. Packaging represents the largest single factor of plastic use in developed nations and on average accounts for 35% of plastics consumption. Recycling of plastics waste, according to the United National Environmental Programme, led by the European Union more than doubled, from 7% in 1990 to 15% in 2002. Packaging goods had the biggest increase where a 25% recycling of packaging waste in 2001 was significantly exceeded in 2002 where 54% was recycled in the member countries of the EU.
About Sancon Recycling Pty Ltd
Sancon Recycling Pty Ltd is a leading industrial recycling company with operations based in Melbourne Australia and Hong Kong (SAR) China. Sancon aims to provide solutions to today's soaring raw material cost for manufactures and assists in solving our environmental problems. Today, Sancon services many industrial clients throughout Asia and Australia region and exports more than 25,000 tons of recycled industrial waste material annually to its trading partners and manufacturers in China. Sancon's main operations and services include industrial eco-friendly consulting, collection and reprocess of recyclable materials such as plastic, cardboard, and paper before its re-entry to manufacture cycles as raw materials. The use of recycled material is both environmentally friendly and a key part of today's competitive manufacturing process to lower costs. The soaring raw material price for manufacturers has created tremendous demands for recycled materials, especially for China as it gains global manufacturing dominance.
About MKA Capital, Inc.
For further information please visit www.mkacapital.com.
Forward-looking statements:
The statements made in this press release, which are not historical facts, may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
Contact:
MKA Capital, Inc.
Mr. Richard Yan, +8621 6335 4111
Fax: +8621 6335 3372
info@mkacapital.com
I-man, that's what bugs me the most - the lack of communication. To not communicate with your investors on a regular basis is not respectful, especially when your share price is dropping like a stone.
You lost 5% today.
No accountability. What a great idea, EZ.
Operator, it could be that HRCT is a dumping ground for failed execs, a punishment farm for those who didn't cut the DiJon.
I had hoped to get some of my money back from this corrupt, incompetent entity, but I guess I'm left with a tax write-off.
I always thought Dr. Phan should have done jail-time for those SINOBULL press releases. If he had stolen the bike off my porch he would have been been given at least 20 hours of community service.
David Chen - you kept collecting your salary, didn't you bro, and that's what's important, right bro? lol
Carrie - you got your money, too, didn't you? Speak up on your next job.
Last one to leave, turn out the lights.
With HRCT, its always been about the Coming Attractions.
"I firmly believe I'm innocent of the charges against me," Lay said following the hearing. "We believe that God in fact is in control and indeed he does work all things for good for those who love the lord."
They always find the Lord, don't they.
http://news.yahoo.com/s/ap/enron_trial;_ylt=AgYoH3bG8uPL6CCazXFnpdOs0NUE;_ylu=X3oDMTA2Z2szazkxBHNlYw....
Another day of keeping the champaign corked.
I dunno, could be just a lot of huey dewey and louie.
CH set the clock ticking. We're in a count-down to May 31.
mmayer, re commodities, could be one of those articles........
http://www.morganstanley.com/GEFdata/digests/20060515-mon.html#anchor0
watch your step, lol.
It could all be smoke and mirrors.
I can be as disgruntled as any HRCT shareholder, but what am I supposed to do? Kill myself? Get a toungue stud? Become a republican?
The HRCT skeptics have history on their side, but until HRCT actually ceases to be, I'll continue on with my little candle of hope.
Speak of the devil,
http://www.dailykos.com/story/2006/4/28/181448/003
Are you saying Motel 6 doesn't pay good salaries?
The bashers are so hungry to win that they're stretching recent events to the max. If I said, "I talked to Carrie today and she's quitting" the bashers wouldn't even check my sources, lol. They'd run with it, they'd have Carrie out the door and cleaning rooms at Motel 6.
I made about $1200 on RMGG back in the day. I think I bought at .08 and sold at .012......about the same time I got involved in this fun stock.
What today shows is that after six years everyone - the bashers, the spinners, the spun, the watchers, the waiters - all want to take that freakin' victory lap. Today the bashers were lacing up their mrs moody tennis shoes, lol.
Thanks for reminder about Carrie's contract. I've been wondering. I hope you don't get too crushed if she stays.
CH didn't have to state May, 2006. She didn't have to say anyhing about it. She could have said the 2003 filing will be concluded sometime in the next quarter, or by Christmas, or whatever. The fact that she went ahead and named May, 2006 - next month! - is pretty loud given her history of silence. Anyway, why, at this point, bring it up unless you are quite sure you can execute. She hedges it in the PR, which is only prudent.
Just looking for a place to hang my hat.
Look for a significant event in May, 2006, as per the recent PR.
You'll have to pry my HRCT stock from my cold dead fingers.
Maybe they'll just fold up the tent today and put us out of our misery once and for all.
Maybe they slept in.