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Profits?
Arizona Republic - May 15, 2002 - AP
China Plans Enormous Reforesting program
BEIJING - After decades of logging that has left large swaths of the country looking like a desert wasteland, China embarked Tuesday on a $10 billion, 10 year program to plant 170,000 square miles of trees, an area the size of California.
It is the largest reforestation project ever, forestry officials said, suggesting only an unprecedented effort can stop the expanding deserts, chronic droughts, and deadly flooding blamed on wholesale logging.
I know this story from March 28 was posted but it bears a repeat since it is still on CBS Marketwatch.
Financial Telecom in China
Penny stock Hartcourt, the Cerritos, Calif.-based information network builder (HRCT: news, chart, profile), said Thursday its Hong Kong unit, Financial Telecom (FTL), has inked deals to provide financial information services for users in China.
FTL will provide financial data, news, and Hong Kong stocks, futures and currency quotes to Shanghai Net Bank. Shanghai Net Bank has a contract with Shenzhen Cable Broadcasting & CATV to run a daily financial show. FTL has also signed a contract with Wise Spot to provide financial data services for the Wise Spot network of mobile phones and wireless PDA.
Mariko Ando is a Tokyo-based reporter for CBS MarketWatch.com.
Bill Clifford is Asia bureau chief of CBS.MarketWatch.com.
You should have bigcharts under your charting heading.
http://bigcharts.marketwatch.com/
Now that is what you call a significant increase in sales!
China's TCL to use Microsoft mobile software
May 15, 2002 9:24:00 PM ET
HONG KONG, May 16 (Reuters) - Software giant Microsoft Corp (MSFT) said on Thursday that fast-growing China-based TCL Mobile has signed a deal to use its mobile software standard in cellular phones and handheld computers.
TCL Mobile, which is 30 percent-owned by Hong Kong-listed TCL International Holdings Ltd , has been growing furiously, and sold 1.04 million mobile handsets in the first quarter of this year, compared with 114,000 a year earlier. China is the world's biggest mobile phone market.
TCL International said last week the firm hopes to be one of the world's five largest makers of TVs and mobile communications devices in five years. REUTERS
© 2002 Reuters
Even better, tell Lexington his address and have them contact him. They have the materials and information.
Well..... Last night you were pretending to be Elvis.
Write and tell Mr. Collas that his fund should buy a lot of HRCT. If he buys a few millions shares that might help the share price. He is actually just rehashing what many others have said over the past year. He probaly had to get something out on paper to appear as if he has been earning his money.
Nope, but there is a rumor that there is an automatic extension floating just over the horizon.....
The patio of the Las Vegas Country Club was very nice with a great view but I hope they will hold it indoors this year. The sweat kept dripping on my chicken.
Just don't leave the building.
Not much to talk about until we get the 10Q and maybe... a little news? Is that too much to ask for?
Classic form....
Well Kemosabe, it looks like you are on your high horse tonight - lol.
I just wanted to post something positive. I haven't looked at GTCI in several weeks.
GSH has been much more fun to watch lately.
ETLK closed UP $0.05 at $0.45 and actually had a volume of 5000 shares. Big action compared to the norm for it.
I'll be out back in the doghouse......
funinco tells me that I am going to have to sit in the corner by myself at the shareholders meeting. At least I will not have to worry about buying a round of drinks -
I hope your expectations are met.
It isn't that I mind you dictating the ingredients.... I just want to know exactly what kind of "meat" HRCT is putting in the pot.
Are you trying to say that, unless the pot is stirred, we are just bland and tasteless?
I couldn't agree more with your point....
Well.... Now you are opening a box HRCT hasn't divulged much information about. From what I have read on the boards, Dr. Ching was a little less than forthcoming about what HRCT will be doing a year from now. It would appear that HRCT Capital is to be HRCT's primary business and that the other divisions will either be adjuncts or will be used to further the main project (HRCT Capital).
That said, ETLK is currently a major portion of HRCT's assets and therefore ETLK's financial health and future prospects are important.
I can't go back to "driven" again as I am busy explaining to xcec (I mean stinkystock) the difference between "equity" and "market." lol
Deb - It would appear that you and Lorrie have both directly violated IHub's policy against personal attacks. I guess we will see if the policy is applied equally. OC discussed HRCT and you both attacked him because you didn't like what he said. Maybe you should be posting on RB?
With the next ETLK 10Q we might also find that revenues have been growing significantly and that those 10Q reveneus annualized will represent a nice amount of growth over the past year. If that turns out to be the case, then the price/sales ratio may not be as out of line as you expect.
You invited them to delete any offending segments.....
I made my position clear - I have no problem with opposing viewpoints but I do agree with their efforts to restrict the name calling and personal attacks that prevail on RB. If any poster from either side has to attack or denegrate another poster that would indicate that their argument or opinion is weak. I realize that at this point much of the name calling is just in response to previous attacks by others but the board monitors have to take the position that it needs to stop somewhere no matter who started it. The crap on RB speaks for itself. If someone really likes that sort of thing, RB is there.
I will vociferiously defend everone's right to post any point of view as long as there is some basis for it, slim as it may be. I have had a few posts removed for the same reasons as others have and am obliged to live with the rules like everyone else. When I disagree with the board monitor's decisions I PM them and state my case. (They might consider those PMs whining and screaming but I prefer to call them well-reasoned arguments)
The messages are flying like fur in a cat fight - lol. I sent PM's on the subject to keep the argument off the main board since it doesn't relate to HRCT and I wanted to make a point without starting a whole run of postings on the subject.
The point was that the original message was removed without much justification. I responded to OC's post on another board but would be happy to do so here. His is valid as far as it goes and is accurate but there is additional information on the subject to be considered that provides a counterpoint.
HRCT isn't perfect and as stockholders we should be discussing all the pros and cons. I know what most of them are and continue to hold my HRCT shares because I personally feel like it. I don't have to justify to OC or anyone else why I feel like it. If it were just that I liked the look of the stock certificates and wanted to have them on my bathroom wall, that is my business and is enough justification to own them. Still.... Information and viewpoints I don't like or agree with aren't going to kill me so I like the freedom of speech as long as it doesn't degrade to personal attacks.
I just think optinmism is more enjoyable. Of course I am always a "realist" when I pull the trigger and spend my money except when I am dabbling for fun and have little capital on the line. I have no problem with discussing the pros and cons but if the cons outweigh the pros in my mind, then why bother? Too many other opportunities to waste time on things I don't like.
If we are referring to stocks with this discussion, I could list a number of them that I liked at one time but decided at some point that they had lost their luster in my eyes so I sold them and found others that I liked better. I take a longer view toward my investing than many people do so I use different criteria in my decisions than many others do. It is a matter of style and I don't criticize theirs just because it is different than mine. Mine isn't necessarily better.... it is just different.
Sorry.... I was practicing without a license.
You must learn to be more positive. Being an optimist will improve your health, increase your longevity, and make you a happier person. And of course, it will make life more fun....
Because dissenting opinions are not allowed....
tempaussie - I would go back and reread Thor's posts. There are clues in there.
MBR - If it gets deleted then so be it. It is just my opinion. Since I own HRCT stock, that would indicate that I like the "story." If I sing a different song than the rest of the choir, well....
I listen to everyone else's song and consider what they have said in forming my opinions. I don't always agree with them and certainly don't expect them to always agree with me.
I would tell you that I will be good in the future but I probably won't be.
ozzie - It could be overpriced at 14 cents. If six months from now it is trading at 10 cents then that would certainly be the case. If it is trading at 30 cents then it is a bargain at this price. Only Madam Lulu knows.
Using standard valueation techniques on a small underfunded company that is betting on their ideas and abilities to provide their future revenues and earnings doesn't work very well. HRCT is the classic "story stock." Some of these companies make it and many don't. The stockholders here obviously think that HRCT has a chance to make it and they are optimistic about its future prospects. It all depends on whether or not you think they have good ideas and the ability to carry them out.
I don't think there are "elite boarders" here. Some like funinco and Thorshammer follow and analyze the company closely and therefore have an impact when they post. EZ and berrygood can actually explain the relationship of all of HRCT's sub and that is no mean task. Many others put in ideas and opinions that are good points of view to consider. A few are just here....
The board is just a discussion like any other - take it for what its worth and decide for yourself which posts are worthwhile.
HBlodgett - I didn't start the "mute" (sic) or moot business. I think it was actually TENNISSTUD and OCErnie. I just continued it.
Your valuation formula is as good as any but an equally good case could be made for several others. The ETLK value could be considered to be just 51.8% of ETLK's marker cap (that would now have to be adjusted for the additional shares noted in the S-8) and then take the dollar value of that and divide it by the number of outstanding HRCT shares. The problem with this type of valuation method is that it changes from day to day and doesn't allow for future progess in revenues or earnings. ETLK (and HRCT's other subs) aren't stagnent so you are then back to estimating what will happen to revenues and earnings during the next quarter and the next year. Stock prices in ANY company always reflect what investors think will occur in the future. What the shares are really worth is whatever someone else is willing to pay if you put them up for sale. With a small OTC company, that can vary a lot from week to week.
It's easier to get everyone's interest when the stock is going up $3 to $5 a month or when some new deal is in the works. Wallace seems to be working on things at HRCT Capital but it isn't as exciting as Phan's wheeling and dealing.
Comparing the meetings isn't the same since there were a bunch of them instead of just one. If you took the total attendees it would probably be similar to one of the old ones. Also these were just informational instead of being an annual stockholders meeting.
The RB board is infested with people who just repost the same old things over and over.... boring. The 10Q should be out soon and that will spice things up for a bit.
Ordinarily I wouldn't suggest bothering to read anything on RB but MBR was in rare form on this one - http://ragingbull.lycos.com/mboard/boards.cgi?board=HRCT&read=182524
It looks like HRCT is going to close green..... Don't spend that 2 tenths of a cent all in one place.
TFN - But you do have an interest in ETLK through your HRCT shares.... The question is: With 4,000,000 more shares out does HRCT still own more than 50% of ETLK? If not then what happens to reporting its revenue?
I guess I don't understand why HRCT would want to be there and what benefit it might provide.
Is HRCT connected with this in some way?
moody - Thanks for the update. Useful information.
Also.... You apparently haven't been looking at the standings lately - if things continue this way the Yankees will get another chance to visit Arizona this fall (Or maybe the Mariners?) The D-Backs made Maddux look like a Triple A pitcher Thursday night. There is no joy in Atlanta - lol.