Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Which REAL companies set shareholder meeting dates 4 months in advance? XOM, FNM, WMT, etc. normally announce the annual shareholders meeting about 6 weeks before they hold them. HRCT always holds its annual meeting in July so I wouldn't expect to hear about the date before June 1st. Based on past experience, I would expect it to be somewhere around July 14th.
For most men the "driver" is a spouse telling them to get up off the couch and do whatever chore she has in mind that takes precedence over the ball game. We still don't know the "source" of this urge on the part of the "driver."
According to the American Heritage Dictionary a "driver" is something that imparts motion or power to something else. If HRCT Capital is expected to be the "driver" then it would be reasonable to assume that he meant that it would be the focus of HRCT's activities and that it would provide the movement or power to HRCT's other divisions. It would not be unreasonable to expect that he meant that it would be the "source" of the main part of HRCT's revenues and earnings in the future but it would be unlikely that he expects it to do that with the two signed agreements that are already in hand. If he expects it to grow then it would follow that he expects to obtain additional clients.
So then why did you feel the need to change the word "driver" to the word "source?"
At the risk of sounding like OC..... he wrote, "harcourt capital is to be the main source of revenue." That is not what she wrote. She also went on to provide info on the other revenue producing activities of HRCT.
She indicated that Dr. Ching said HRCT Capital would be the main driver of revenue in the future. She did not say that he would do this with the two existing clients and not expect to sign additional clients as time goes along. She also said that ETLK had signed an MOU to acquire a mid-sized telecom company. Since ETLK already has significant revenues this acquisition would increase those revenues.
I didn't see any question posed by him, just an incorrect statement.
Yes, that is part of what she said but it is not what you said.
Just curious why you changed her phrasing to fit your intent since you didn't offer any other source for your information?
Interesting spin on what she said. If I didn't know better I would think you were trying some backhanded bashing.
daddycool - The information will be much the same at each meeting. funinco was in LA and will provide a report tomorrow. If you want it sooner, remit 1000 shares of HRCT to funinco for expedited handling.
Jack Westfield, Grace Li, and Charlie Wang were at the LA meeting.
Sino was never on the payroll.
No, you can't assume that. I'm sure you will get a report when it is convenient for someone to post something. You act like they are on your payroll and have an obligation to run to the computer to keep you informed.
funinco was there. Apparently no one has gone home and jumped on their computer yet.
Exactly. 76M isn't that many shares and the best way to deal with the share price is to become profitable.
bgirl - I think the issue is more how they respond than what the actual situation is. A larger corporation would probaly have responded to such a question by stating, We have discussed the issue and are not proposing any change in the near future. (Unless, of course, they are) In HRCT's case it would be very unlikely unless it were done in conjunction with a reverse merger with an AMEX or NASDAQ listed company.
And what would the basis for that be? A reverse split would require a majority vote of the shareholders. So you would sue the majority? This is not saying that I think they should do it but statements like that serve no purpose. The only logical reason I could think of would be if HRCT were reverse merged into a NASDAQ or AMEX listed shell or small company with fewer shares outstanding to maintain the minimum share price necessary to retain that listing.
Unfortunately only a portion of the message was posted. No one was asked to participate other than those who received the email. I'm sure that if anyone else wants to participate that they will be glad to send the actual invitation to them.
This letter is getting blown out of proportion. It wasn't intended to be posted on the boards and was sent to people who had expressed an interest in actively assisting with helping. Also, the letter posted was just the cover. An actual invitation was sent with it as an attachment and that invitation was what was to be sent if the shareholder knew someone who might be interested. The invitation was formal and on HRCT letterhead.
jedigit - If you spin the companies off to HRCT shareholders then what will HRCT have left? Sure you will get the shares of the subs but your HRCT investment will have nothing left in it. HRCT currently has 51.8% of ETLK. As long as they own more than 50% HRCT can report ETLK's revenues as its own. If HRCT's share drops then the revenue disappears off of its books.
ez - I don't know if it was posted here. cjp posted it early this morning on the IHub ETLK board.
fun, fun, fun..... in the warm California sun. Lexington is the first PR firm that HRCT has had that seems to be earning its money. They are beginning to get the word out in well-establihed media and the PRs are providing useful information.
Hartcourt Capital to Obtain Equity Listing for CC&E Communications
April 17, 2002 03:00:00 AM ET
Hartcourt Subsidiary Partners With Shanghai Reach-Bridge Investment to Take CC&E to International Capital Markets
LOS ANGELES, April 17 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: 900009), www.hartcourt.com , announced today that its subsidiary, Hartcourt Capital Inc., together with Shanghai Reach-Bridge Investment Consulting Company Ltd (SRBIC), have been appointed as joint financial advisors by CC&E Communications Co. Ltd. to assist the company in going public on international stock markets. Hartcourt Capital is providing services on a fee and equity basis.
CC&E Communications Co. Ltd is a full service-advertising agency and content production house based in Guangzhou. Its core businesses include television content production, a traditional advertising agency, and broad spectrum media purchasing. The Company syndicates and sells the broadcasting right of its programs to a network of 350 Television stations throughout China. CC&E approached US$10m in revenue and US$1m in net profit for 2001 according to its unaudited financial statements.
"The Chinese media sector is currently undergoing an explosive growth stage and CC&E is very fortunate to be a well-positioned player within the sector," said Mr. Sandy Ng, President and Executive Director of CC&E. "We are very pleased to retain Hartcourt Capital and SRBIC's services, and we look forward to taking CC&E to the public markets. This will allow our company access to the international capital markets to acquire additional funding to finance our new program production, the planned expansion of our program distribution network, and facilitate CC&E's transition into a full service multi-media provider. It will also put the company in a favorable position as we seek out suitable peer companies for potential acquisitions in order to meet our planned growth and market penetration targets."
Dickson Leung, CEO of SRBIC, says, "We are fortunate to have been chosen to partner with Hartcourt Capital in representing and advising CC&E in achieving their goals for an international listing. I look forward to working with Dr. Ching and his entire management team as we create a new corporate structure for CC&E and bring them to the public markets."
Close to one billion people in China are exposed to television programming and approximately 80 million have cable access, both these markets are the largest in the world. China has over 500 television stations and 3600 channels, the demand for production and programming content are enormous. In addition, advertising spending topped $9 billion in 2000 and is growing 12% yearly.
"The timing is right for CC&E to tap the international capital markets," states Dr. Wallace Ching, CEO of Hartcourt Capital Inc. "Post-WTO, China is gradually opening up its media industry for foreign participation and the media sector presents tremendous potential as a high growth area that rewards first mover advantage. We are pleased to be chosen by CC&E Communications to represent and assist them in acquiring a listing on the equity markets and to accomplish their goals for expansion in the Greater China media industry."
About Hartcourt
The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt's operative business strategy is designed to facilitate a series of venture divestitures via IPO or public merger to fully realize the value of these assets for its investors. Detailed information on Hartcourt can be obtained via the company's Web site: www.hartcourt.com .
The statements made in this press release, which are not historical facts, 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.
For more information ... please contact:
Larry Kristof
Vice President
Lexington Enterprises Ltd.
Suite 204, 910 Richards Street
Vancouver, BC V6B 3C1
E: info@lexingtonenterprises.com
T: 604.484.8286
F: 604.484.8287
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X44589873
© 2002 PRNewswire
joespringer - HRCT owns 51.8% of the outstanding shares of ElephantTalk. Because it is a majority interest, ETLK's revenues are reported by HRCT. As you surmised, when the value of ETLK's shares rise, 51.8% of ETLK's market cap is an asset of HRCT.
That's how you spell it after drinking 4 of them. Howdy to the dog.....
operator - You can have my thoughts..... then I will not get blamed for them later.
Did I mention that the Coyotes are in the NHL playoffs? You learn how to skate pretty good when you have to use ice cubes out of the fridge...... We have frozen maugaritas for our players to get in the mood.
It's a good thing you posted a picture of the mountains because the baseball team doesn't look so hot after losing 4 in a row to the D-backs.
EZ - I think you are getting more hits because the bashers on RB can't stand everyone being over here without them. They constantly repost IHub posts on RB. Floyd really loves us - lol.
uis -
HCTV - It wasn't promised as of any specific date. They have made progress... Did you think they could just show up at a TV studio and begin broadcasting. Even an experienced US broadcasting company usually takes 9 to 12 months to put a new program on the air.
The Koffman information you posted is accurate as far as I can see but what does that have to do with HRCT Capital? If you are concerned about them not completing the Loffman deal I guess you aren't concerned about HRCT getting into a deal which might be advantagous to the company. You act like they should just get into anything whether or not it might be profitable.
How could HRCT be a year behind in completing the merger with GTCI since they didn't even think about trying that a year ago?
Dividend shares - I don't think that they should do it at all and I would vote against it given the opportunity. I obviously disagree with those of you that think killing the goose would be a good idea.
Yes, I do think HRCT has completed many of the things that they have set out to do. Have they completed them all? No. Unless you are a very unusual person, I doubt you have completed all the things in your life which at one time or another you have said you are going to do.
You might be able to provide links for everything you posted, but that doesn't mean they are connected. You are interpreting the information which is your right but a + b doesn't necessarily = c.
uis - Apparently you are suffering from a serious bout of misinformation. You should read the PR on the 10k as well as the 10k itself and stop reading the crap on RB.
UAC was changed by the Chinese government altering the omline trading rules. HRCT adapted to them and Sinobull is providing many new financial services to a number of clients.
HCTV - The programs are developing nicely and scheduled to begin broadcasting in the near future.
Innostar isn't dead - where did you get that idea?
Failure of HRCT Capital with too many promises of done deals? I have never seen any information regarding deals pending or done in connection with HRCT Capital. Where did you see that information? This is a new project headed by Dr. Ching and is in its beginning stages.
GTCI - As soon as it is approved I suppose. How could anyone predict the exact date when the SEC might act? You didn't mention ETLK which has had the reverse merger completed and is trading.
Dividend shares - While I don't personally agree with them it would appear that the divisions except for HRCT Capital are going to be spun off at some point and the shares are going to be distributed to HRCT shareholders at some point, probably in several stages.
It will always be 2 nore weeks or two more months for new projects that are started. What you fail to acknowledge is all of the things that were forecast and have been completed. It is never enough. ETLK is spun off and trading. Sinobull is doing well and finding its niche. I hope we get some more information on the progress of HRCT Capital at the upcoming meetins with Dr. Ching.
I think you hold some misconceptions of what Dr. Ching's activites entail. Go back through the 10k.
shellsforsale - I find it difficult to believe that you are as uninformed as your posts would suggest. These informational meetings for HRCT shareholders and other interested parties aren't the annual shareholder's meeting. They are simply an opportunity for shareholders to meet with the new CEO and have the chance to obtain some information. The other potential shareholders are scheduled into the time slots he will be in each city. The NYC meeting is slipped into a layover prior to departing for Europe. I don't know where you got the idea that the NYC meeting was being staged for bankers other than those who Dr. Ching knows personally and whom he has scheduled appointments with.
It is only "silly" and "weird" if you don't have all the facts.
Sinobull Distributes Financial Data Services in China Via Mobile Short Messaging (SMS)
April 12, 2002 02:59:00 AM ET
Hartcourt Subsidiary Signs Key Distribution Deals
LOS ANGELES, April 12 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT) www.hartcourt.com, announced today that its subsidiary, Sinobull Network Technology, has signed partnership agreements with five of Greater China's leading telecom and Internet companies to begin the distribution of its comprehensive financial information, stock quotes, and analysis on the local and international stock markets to millions of mobile phone users in China. Sinobull Network owns and operates www.sinobull.com , one of the leading financial information portals in China ... voted "Most Popular Financial Web Site" two years running by the China Security Times.
The company's recently signed revenue sharing deals with key players in the mobile data business include:
-- UTStarcom UTSI www.utstar.com -- the key supplier of PAS
mobile networks and equipment for China Telecom, China's largest telecom company
-- CellStar www.cellstar.com -- one of China's largest mobile phone distributors
-- China Telecom 168 -- 168 is the SMS service of China Telecom
-- HongLian95 www.hl95.com -- a major value added telecom services provider in China
-- Sina.com SINA www.sina.com -- one of Greater China's largest portals
-- China Telecom Hotline -- information hotline services from China Telecom, via fix line
"Mobile data communication is a very exciting area of growth for the mobile communication industry, and Sinobull Network has successfully leveraged its unique advantages in financial content to secure revenue sharing agreements with these key industry players", said Dr. Wallace Ching, Hartcourt's CEO. "The agreements have generated revenue from day one, and we expect a very healthy growth in this business as the mobile data market continues to expand."
China has recently passed Japan and the US and now has the largest mobile phone user population in the world, with approximately 140 million registered subscribers. Data mobile communication is becoming a very important sector of revenue growth for carriers. Short messaging service (SMS) enabled mobile chat, financial data, and other forms of data communication have become very popular with mobile users and is growing at a rapid rate. According to industry reports, SMS traffic is projected to generate approximately 300 million USD for China's mobile phone markets in 2002.
Hartcourt has announced that it will publicly divest its operating division, the Sinobull Financial Group, in a reverse merger with Global Telephone Communications Inc. (OTC Bulletin Board: GTCI). The reverse merger will result in Sinobull Financial Group actively trading on the U.S. equity markets.
About Hartcourt
The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt's operative business strategy is designed to facilitate a series of venture divestitures via IPO or public merger to fully realize the value of these assets for its investors. Detailed information on Hartcourt can be obtained via the company's Web site: www.hartcourt.com .
About Sinobull Financial Group
Sinobull Financial Group develops financial technology, financial operating platforms and internet-based financial services. Sinobull's operating companies include: Sinobull Information Company Ltd., Sinobull Network Technology, Financial Telecom Ltd., Ton Bo software, HCTV Financial TV channel Ltd. and Sinobull Magazine Ltd. Sinobull.com is a financial information and stock trading website. Sinobull Group and its strategic partners provide news, data and analysis to the business community and media outlets. Services include; real-time pricing, historical pricing, indicative data, analysis and electronic communications. Clients include China's investment institutions, commercial banks, government offices and agencies, corporations, and news/media organizations. www.sinobullfinancial.com .
Forward-looking statements
The statements made in this press release, which are not historical facts, 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.
http://tbutton.prnewswire.com/prn/11690X19925389
© 2002 PRNewswire
Dr. Wallace Ching, Hartcourt's CEO, to Visit Six Cities to Meet With Shareholders and Investors
April 05, 2002 03:00:00 AM ET
LOS ANGELES, April 5 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: 900009), www.hartcourt.com, announced today that Dr. Wallace Ching, CEO of Hartcourt, will hold meetings in six (6) cities in the US and Europe to brief shareholders and interested investors on the Company's current operations and future plans.
The schedule will be as follows:
Sunday April 14, 2002 at 11 AM in San Francisco at Holiday Inn Airport,
275 S. Airport Blvd.
Tuesday April 16, 2002 at 7 PM in Los Angeles at Holiday Inn Airport
9901 La Cienega Blvd.
Thursday April 18, 2002 at 7 PM in New York City at Holiday Inn Midtown
440 West 57th St.
Saturday April 20, 2002 at 11 AM in Ft. Lauderdale at Holiday Inn
999 Ft. Lauderdale Beach
Sunday April 21, 2002 at 7 PM in Dallas at Holiday Inn Express
DFW Airport 309 State Hwy 114, West Grapevine
Tuesday April 23, 2002 at 7PM in Frankfurt, Germany at Holiday Inn
Express Airport Langener Strasse 20.
All shareholders and interested investors are welcome to attend the meeting. Meeting rooms at all sites have been confirmed with the exception of New York City, where confirmation is expected shortly. For further information, and to ensure reserved seats, please call Lexington at (604) 484-8286 or Email to: larry@lexingtonenterprises.com.
About Hartcourt Companies, Inc.
The Hartcourt Companies, Inc. is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt's operative business strategy is designed to facilitate a series of venture spin-offs via IPO or public merger to fully realize the value of these assets for its investors. Detailed information on Hartcourt can be obtained via the company's Web site: www.hartcourt.com .
Forward-looking statements
The statements made in this press release, which are not historical facts, 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.
For more information ... please contact:
Larry Kristof
Lexington Enterprises Ltd.
Suite 204, 910 Richards Street
Vancouver, BC V6B 3C1
E: info@lexingtonenterprises.com
T: 604.484.8286
F: 604.484.8287
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X43784232
© 2002 PRNewswire
Spam...
It would appear that Lexington has decided to earn their money. The rerelease of the PR put out today was undoubtly done so they could get it published in a variety of of locations as news. With all the HRCT references popping up in locations that have not picked up on the company before we might actually begin to see some new interest. While it will probably take a while for this to have an effect, the exposure sure can't hurt.
Now if we could only find out what kind of a black hole Lexington is routing our emails into....
Always happy to hear some positive input. I didn't realize that ETLK wasn't on a calendar year basis. I will be excited (lol) to see the 1st 10Q that reports $5 million in revenue for a quarter.... even $4 million would be nice.
It isn't past losses I am concerned about..... what was being referred to in those posts are current losses and factors that may affect future earnings. Cheery PRs aren't the only things that give us insight into the future of the company.
To quote that great thinker, Tom Cruise, "SHOW ME THE MONEY!" LOL
Deb - I don't often agree with Ernie's slant on things since it is usally one-sided but the two paragraphs you refer to in post #195 are just wishful thinking at this point. I too, hope that they come to pass but they are just based on a PR with no substance in actual revenues yet. A NEWS RELEASE isn't revenue, just potential. A 10k is real and that is what will drive the stock price. Getting things DONE means putting money in the bank to me.
I have been told.... (while waiting for the 10k to provide actual information) that the majority of ETLK's revenues were generated in the last 2 quarters of 2001 which would indicate good progress at turning the company around. The 4th quarter revenues would indicate that ETLK is now generating revenue at a rate that would be $12 million to $15 million on an annualized basis. We'll see when the 10k and the next 10Q come out.
Actually, Deb.... That was information for the period ending 2 1/2 months ago contained in an 8k filed last week. There is no more recent information available. The PR you refer to contains no hard information or even useful data that might shed any light on ETLK's current revenues.
You would think that you would receive pretty good service for that amount of money, wouldn't you? I emailed them with a question a week ago and haven't received a response yet......