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I have been advised of the status.... I am just prodding them.
I agree. It isn't a matter of whether or not HRCT can get extensions or remain technically correct. They have an obligation to get it filed by the 15th to retain credibility. Excuses about differing reporting systems doesn't really wash. Many companies that have Chinese operations are managing to file on time. This is basic if HRCT wants the share price to reflect investor support. It is a matter of perception, not technical rules.
OT: For those who like to speculate.....
You want eye-popping growth? Check. You want a unique business in an explosive field, practically without competition? Check. You want an unstoppable roll-up strategy. Check. You want an acquisition target that will not come cheap to the buyer? Check. You want a nearly $300M revenue generator bringing 8% to the bottom line that has a market cap of $46M, or 1/6th of sales? Check. You want all that in a $2 stock you've never heard of, trading at book value? Check.
Houston-based Synagro Technologies (SYGR, 2.43, Nas) is the fastest-growing company focused exclusively on organic residuals management, with operations located throughout the country. The company makes money through beneficial reuse of organic materials, transportation and monitoring of biosolids, and the marketing of end products from the treatment of such materials. With triple-digit internal growth plus acquisitions, the company is positioning itself as the national provider of biosolid services to municipalities and wastewater privatization projects throughout North America - what's commonly known as "waste-to-energy" SYNAGRO.
For the best news, let's start at the end of their recent earnings release: "the Company's year-to-date results include the effects of seasonally low volumes and revenues in the first quarter due to weather conditions that prevent the Company's land application operations from hauling and processing customer materials in several geographic markets." Here is what the low season looks like:
- Revenues up 137% to $66M
- Operating income up 151% to $12.3M, or 18.6% of sales.
- Net income up 170% to $5.3 million or 8.0% of sales.
- EPS up 200% to 11c per share.
Makes you kind of look forward to the high season, right? Synagro is THE leader in the residuals management business - a nationwide organization with operations in 40 states with over 1000 employees, with clients such as Anheuser-Busch and the cities of Knoxville, TN and Winston-Salem, NC. Between 1998 and 2000, Synagro acquired 16 companies, including its largest competitor, Bio Gro, from Waste Management. SYGR has a market cap of $41M, with 19.4M shares O/S and a float of 6.8M.
In Friday's news, the Inland Empire Utilities Agency (IEUA), a wastewater treatment and water agency serving 700,000 customers in San Bernardino County, CA awarded Synagro a $4.5M contract to design and build an anaerobic digester pilot facility that will process the daily manure generated by approximately 3,750 dairy cows. "IEUA will use a portion of the biogas (methane) produced from the digester as supplementary fuel to run two generators powering the Chino Basin Desalter Facility. The remaining methane gas will be used to run four Capstone microturbines for the demonstration of electricity generation on site. Robert Feenstra, executive director of the Milk Producers Council, noted, "M.P.C. is in full support of the IEUA/Synagro/AnAerobics dairy manure digester project. Innovative technologies, such as the digestion of dairy manure, are essential if the dairy community is to continue to operate in an environmentally sound manner." Synagro's CEO Ross Patten added, "This project will demonstrate the enormous opportunities that exist in the area of manure management. Not only will we be able to better protect the air quality and groundwater in the region, we will also demonstrate how AnAerobics' technology can cost effectively convert methane gas into a clean, renewable energy source.
These are their Q2 financial results: revenue for the quarter increased 137% to $65.8M from $27.8M last year, partly due to acquisitions closed last year. Gross profit for the quarter increased 123% to $18.5M (a whopping 28% of revenue) from $8.3M. G&A expense as a percentage of revenue decreased from 9.1% in Q2 of last year to 7.6% this year, "as the company realized cost savings from integrating acquisitions and leveraged its infrastructure over significantly higher revenues." Operating income for the quarter increased 151% to $12.3M (18.7% of revenues) from $4.9M last year. Pre-tax income for the quarter increased 170% to $5.3M (8.0% of revenues) from $2.0M (7.1% of revenues) in the comparable quarter last year. Q2'01 EPS increased to 11c per share from a loss per share of 11c in 2000. Commenting on the results, Synagro's CEO Ross Patten said, "Our results for the second quarter represent record levels of revenues and earnings for our company that met our internal expectations, but are higher than our external guidance. During the first six months of 2001 our operating cash flow was $14.9M and we have retired $10.8M of debt. Our industry fundamentals remain strong and we continue to see significant opportunities for long-term growth, most notably with the facilities operations and management services that we provide. Our focus remains on internal revenue and earnings growth, operating cash flow and debt reduction." On a six month revenue growth of 169%, EPS before noncash charges increased to 7c per share in 2001,from a loss of 3c per share in 2000. The sole analyst estimate on Yahoo shows EPS of 35c for 2001, giving the stock a miserly current PE of less than 7. Cheap, real cheap.
SYGR spiiked up to almost 3 in early June, on several days of 100,000+ volume, then it drfited down to 2.00 by the end of July, forming a nice double bottom. The stock is coming alive again, with big volume last week. The MACD (Moving Average Cionvergence/Divergence) is moving into positive territory again and the fast stochastics are also giving a buy signal. The stock needs to take out the June closing high of 2.75 and, after that, the October high of 3.60, but it sports a beautiful long-term saucer pattern. Try to use limit orders to buy the stock, but you'll want to own this screaming bargain for the longer haul, i.e. the 8-9 month horizon. By next year, SYGR may well revisit its 1999 highs of 7.00 or so, unless it gets bought out sooner.
No, but why does it matter. Dr. Phan left that organization 2 years before the incidents in question took place.
Wearing IT Out: The Growth of the Wireless, Wearable World.
Always-on, wearable, wireless computing and communications devices will become a dominant channel for retailers and service providers. The widespread adoption of such devices will reshape multiple industries.
During the next decade, a number of technologies will coalesce to drive the widespread availability of always-on, mobile computing and communications devices, or "wireless interactive devices" (WIDs). WIDs will evolve from personal digital assistants (PDAs), Wireless Application Protocol (WAP) telephones and other form factors. The increasing price/performance capabilities of WIDs will combine with improvements in wireless access and user interface technologies (e.g., speech recognition and wearable displays) to provide inexpensive lightweight devices that will be broadly adopted and frequently used.
Gartner Strategic Planning Assumption:
By 2007, more than 60 percent of the European Union and U.S. population aged 15 to 50 will carry or wear a wireless computing and communications device at least six hours a day, and by 2010, more than 75 percent will do so (0.6 probability).
SEC settles case against man charged in Emulex stock hoax
LOS ANGELES, Jul 29, 2001 (The Canadian Press via COMTEX) -- The U.S. Securities and Exchange Commission has settled its lawsuit against Mark Jakob, the man accused of manipulating the stock price of the Emulex Corp. last August by issuing a phony news release.
According to the agreement, Jakob will turn over the $241,000 US he made trading Emulex stock, plus $97,000, plus interest, which represents the potential trading losses he hoped to avoid by sending the company's stock price tumbling, the SEC said Tuesday.
Jakob will also pay a penalty of $102,642. The total represents the amount of money frozen by the government after Jakob's arrest in August 2000. That money will be held by the court and paid to defrauded investors who have filed a class action suit in New York state. The SEC believes Jakob's actions defrauded investors out of $110 million.
The agreement was approved last week by United States District Court Judge Virginia Phillips in Riverside, Calif.
Jakob, 23, of El Segundo, consented to the order without admitting or denying the government's allegations. Last December, Jakob plead guilty to wire and securities fraud. He is scheduled to be sentenced Aug. 6. He faces up to four years in prison and maximum fines and restitution in the millions.
The online source for news sports entertainment finance and business news in Canada
Copyright (C) 2001 The Canadian Press (CP), All rights reserved
China Issues Indexes for Evaluating Information Service
BEIJING, Jul 29, 2001 (Xinhua via COMTEX) -- The Ministry of Information Industry issued here Sunday 20 indexes for evaluating the popularization of the information services.
This is the first time the ministry has issued such kind of index.
The indexes include: television and radio broadcast time per one thousand residents, per capita possession of band-width, number of phone-calls on average, trade volume of E-Commerce and so on.
Wu Jichuan, minister of Information Industry, said that the issuance of the indexes is of strategic significance to promoting national economy and popularization of information service.
The ministry will also issue, step by step, some other sub-indexes for E-business, E-enterprise and information resource.
Copyright 2001 XINHUA NEWS AGENCY
Days of free Internet lunch ending in China
July 28, 2001 10:01:00 PM ET
By Rico Ngai
HONG KONG, July 29 (Reuters) - The free lunch for many of China's 20-million-plus email users is ending.
Internet portals in China, desperate to turn their popularity into profits, are starting to charge for user services as online advertising revenue proves insufficient even to pay the bills.
"If they don't start charging for the services they provide, I don't think any of them will survive in the long haul," Jack Lin, chief investment officer of Internet conglomerate chinadotcom (CHINA), told Reuters in a recent interview.
Chinadotcom, which operates a mainland portal, plans a host of fee-for-service initiatives beginning in August, including email, to help the company in its quest to break even.
Up for review is chinadotcom's capacious 80 megabyte free email boxes. Microsoft's Hotmail offers a stingy two megabytes.
Rival Sina.com (SINA) plans fees on some services, including email, "definitely" before year-end, a spokesman said.
A number of portals in China, including 163.net, the mainland arm of Hong Kong's Tom.com , have already introduced fees for email. Its Web site says 163.net charges 50 or 120 yuan (US$6-$14.50) per year depending on the level of service.
A spokeswoman with 163.net said the fees were just introduced at the end of June and it was too early to determine their impact on usage.
Others that charge include www.21cn.net and www.263.net.
Netease.com (NTESE), owner of the 163.com site, said it had no current plans to collect fees for its services, but did not rule out the possibility in the future.
Among top Chinese portals, only Sohu.com (SOHU) was adamant about not charging for email. The company said at the current early stage of China's Internet development, it did not make sense to charge for email.
"Email is so essential," said Sohu CEO Charles Zhang.
LITMUS TEST
There is no guarantee that China's Internet users will be willing to pay for a service that had been free.
"What got the Internet off the ground was the thing about people wanting to communicate with each other. And email is the most obvious part of that," said David Cui, an analyst with Merrill Lynch in Hong Kong.
Sina said it expected users to be prepared to pay about 20 yuan (US$2.41) a month for "value-added email service" that provides higher security and bigger memory.
But Cui said he suspected some users would be ready to cough up just five yuan. "I think only very heavy users would be prepared to pay 20 yuan a month," he said.
What is certain is that China's listed portals, surviving off sizeable but shrinking piles of cash raised in initial public offerings, must find revenue to reverse the bleeding. Sina, Sohu and NetEase are trading at tiny fractions of their IPO prices.
Analyst Matthew McGarvey at International Data Corp in Beijing does not expect email to be a big money spinner for China's portals.
"It certainly doesn't hurt," he said. "But by no means can they turn it into a substantial revenue flow."
Getting users to agree to pay is only part of the challenge.
"Micropayment in China is a problem that everyone faces," said chinadotcom's Lin. Small payments make it uneconomical to bill individual users across the vast country.
Lin said chinadotcom would reveal in August how it would collect small payments from subscribers.
Chinadotcom has a venture with mobile phone distributor CellStar Corp (CLST) for a web-to-mobile message service to be launched soon.
Lin hinted chinadotcom might tap the service to collect micropayments. Texas-based CellStar has over 7,000 outlets across China.
Lin acknowledged chinadotcom might lose some users to rivals when it imposed fees. But the rivals will in turn face pressure to impose fees as they are flooded with capacity-craving users, he said.
"What's the point of having many users if you can't monetise them," Lin said. REUTERS
© 2001 Reuters
I am only able to find those arguments posted once on this board, not continuously. If you remove everything that is cut and pasted then half the posts here will disappear.
While I expect HRCT to show increasing revenues this year I don't think there is any chance of showing earnings. The spinoff has a much better chance of happening.
If you erase everything you don't like, what is the point of having a discussion board? It should have been obvious that the reason OC made those posts (once, not redundantly) was to see if they would be deleted as not being politically correct for this board.
I didn't miss your point. I just pointed out that OC stayed within the rules of this board and you didn't. So now this board is no better than RB and it isn't OC's doing.
UAM - I was under the impression that this board was for discussion of HRCT. OC voiced his position and remained on topic. Your response is a personal attack on OC instead of being a response to his comments. Name calling "Classic basher, scumbag" is what was supposed to be deleted from this board.
I don't agree with OC's emphasis on what I consider to be minor irrelevant points but they exist and calling him names will not make them go away.
I don't know why different SEC filings contain information that seems conflicting and don't care since it doesn't make any differece which one is correct. Dr. Phan doesn't write these filings but should be reading them before signing off. Since this bio info is generally boilerplate he probably skims over it without checking for accuracy. So hold him accountable but don't make a mountain out of a molehill.
Doug MacGill wrote things that were sometimes inaccurate, not consistant, and often showed a personal bias against Dr. Phan while at the same time praising the subsidiaries. At any rate his web publisher ran out of money and is now defunct and Doug was out of a job.
As Mark pointed out, performance is what will tell the tale. If HRCT manages to show continously improving revenues, completes a spinoff, and demonstrates the ability to complete the projects it begins, then the negative points will not mean much.
HRCT has come a long way from being a shell 2 years ago and the next 10Q should show solid revenues. It is a growing company and will have some setbacks along the way. I own two small well-established companies and both occasionally still have problems that have to be addressed. It is the nature of business in a competitive world.
It was a pleasure to meet everyone. In person you all seemed so normal - lol. We develop mental pictures of people we only correspond with and I am almost always suprised to discover that they turn out to be different than I had imagined. Berrygood was a real suprise to me since I had pictured him looking like a stereotype bookkeeper instead of Indiana Jones. Just goes to show that I shouldn't ever let my preconcived opinions get in the way of reality.
berrygood - PM me with your email address - Thanks
EZ - You have a PM.
I wish.....
For clarification - I asked Dr. Phan on Saturday about the move to China and he told me that Shanghai is the most likely destination. He will still travel to the US once every 4 to 6 weeks to stay in touch with shareholders and handle administrative business here. Those remaining in the US will be Charlie Yang (extent of his involvement has not yet been worked out), the CFO, Denis Poon (webmaster), Georgia, and for the time being, Grace Li. By the way to stifle gossip.... Grace Li has a boyfriend and it is not Dr. Phan - lol.
It's coming.... wireless everything.
3G and Killer Apps to Open New Doors
3G technology will revolutionize the wireless industry--and the wireless user
By Phillip J. Britt
From FFA Magazine
July 10, 2001
Killer applications and the advancement of 3G technology will mean a bright future for mobile devices, according to Michael Price, president and CEO of MobileBriefs, who believes his company has one of the applications that will help drive the market into the future.
International Data Corp. (IDC), Framingham, Mass., recently revised upward industry forecasts for smartphones and handheld wireless devices to $26 billion by 2004. Third-generation technology will enable these devices to transmit and receive information much faster than today's devices. Despite some delays in Europe, 3G is advancing in the United States and should be widely available in the next couple of years, Price says.
"Market trends and market evolution during the past several quarters indicate smart handheld devices have an extremely positive future," adds Kevin Burden, senior research analyst for IDC's smart handheld devices (SHD) research program. "Technological progress, particularly in mobile multimedia and wireless areas, will continue at a rapid pace, and 2001 will prove to be the year when mobile access devices hit their stride."
Personal companions dominate the SHD market, representing 73 percent of worldwide shipments in 2000. Most personal companions ship with the Palm OS; Palm has dominated this space since its inception, according to IDC.
However, new products from Microsoft and Research In Motion (RIM) have softened Palm's grip on the market-leading position. "Microsoft and Research In Motion have clearly managed to make inroads to Palm's market share," Burden says.
According to IDC, smartphones will be the fastest-growing segment of the SHD market. In 2000, there were 480,000 smartphone shipments; the numbers are expected to increase at a compound annual growth rate of 164 percent to more than 23 million by 2004. Many of these devices will be enabled for wireless Internet access.
"This is a clear indication of where the technology and, more importantly, the typical user are heading. Access to high-quality content and services will provide the justification users have been waiting for," Price says.
Price sees four primary products and services driving wireless device growth:
• E-mail, which Price predicts will become easier and voice activated. It's too cumbersome to write and send e-mails on wireless devices. But the further evolution of speech-to-text applications will lead to growing use of e-mail from wireless devices.
• Location-based content, such as maps, ATM and gas station locations.
• Radio alternatives, including satellite-based radio accessible by MP3-enabled devices to Internet radio, and personalized broadcast services by MobileBriefs and other companies. The next version of Palm, due at the time this issue went to press, and several other devices will have the capability to access this mobile content. Datamonitor, located in New York, predicts the mobile content market will grow from $3 billion this year to more than $31 billion in 2005.
• E-commerce micropayments, which will enable the wireless user to point his device at a soda machine, for example, to pay for a can of pop. Beta programs for this technology are just getting underway in Australia and elsewhere, Price says.
Total Solution System Ltd (TSS) has signed a technical cooperation agreement with Speaking-Chinese.com Ltd of Hong Kong.
TSS will provide Speaking-Chinese.com with full technical support for Chinese learning courses on the streaming media technology platform. The website is a successful example of streaming media application in the area of distance learning.
TSS will keep a tight cooperation with Speaking-Chinese.com to promote application of streaming technology in distance education, propelling the wave of Chinese learning to the world.
TSS Company Profile
Total Solution System Ltd is the technical partner of RealNetworks and Microsoft Windows Media in China. Founded in 1994, TSS gradually grows to be a leading hi-tech enterprise locally and internationally in the industry of webcasting control technology, being a prime solution and application provider in the field.
Since the birth of AV2000 in 1999, the first audio/video automatic webcasting control system granted with exclusive intellectual property right in China, TSS has always been staying on the cutting edge of the streaming technology. AV2000 has been widely employed in the industries of radio broadcasting, TV station, web news center, distance learning and broadband network, receiving high appreciation and recognition.
Speaking-Chinese.com Company Profile
Speaking-Chinese.com is a website teaching Chinese language to the world. Its teaching materials are composed and certified by senior specialists from The National Office of Teaching Chinese as a Foreign Language. Courses there are directed to quickly developing Chinese listening and speaking skills in a practical and effective way. The website is going to offer charged courses to meet the growing need of Chinese learning of the world.
The Hartcourt Foundation is still a viable entity. For obvious reasons it is not desirable at this time to fund it with Dr. Phan's stock since the foundation would have to sell stock for funding and at this price that wouldn't make sense. It would also have a negative impact on the stock price and I don't think anyone would want that at this point. The foundation members have not changed. HRCT doesn't have to wait until Aug 15th to file the 10Q but it takes time to prepare one especially since more of the revenue from the Chinese subsidiaries will be included. Most corporations (big or small) file the 10Q at 90 day intervals whether they are ready before then or not just to provide regular continuity.
Interesting article but I didn't find anything showing HRCT expertise in relation to this subject. It is something to consider but since no one knows what HRCT is doing in the elearning area it is hard to know what areas relate to HRCT's plans.
I like LA. Not that it really makes much difference since I will spend 30 hours in the hotel and then come home. One hotel is pretty much the same as another no matter where you are. I don't expect that many people to be at the stockholders meeting (maybe 20 - 25) but that will provide a better opportunity to speak with the various HRCT management people. We will undoubtedly have a good time as always. We probably will not get the exact revenue figures that will appear in the next 10Q but we should be able to pin down what subsidiaries will be included.
Shareholder Meeting Attendees:
Let's Get An Idea of Who will be Attending the Shareholders Meeting in L.A.....
1. Tin-Berrygood
2. Investorman
3. Wondery2/ezcomngo/aLIONz (hey, do I get 3 votes??)
4. pucku
5. Scottchu
6. funincolo
7. Hotsearch
8. egl1andy
9. rml523
Motorola's V100 Personal Communicator to Revolutionize e-Learning; Virtual Academics to Provide Distance Learning Applications For Mobile Students
July 10, 2001 07:02:00 AM ET
BOYNTON BEACH, Fla.--(BUSINESS WIRE)--July 10, 2001--Motorola MOT today announced that Mobile Wireless Technologies (a wholly owned subsidiary of Virtual Academics.com) VADC, a leading online distance learning and corporate training provider, has developed a software application that can allow students access to classroom and corporate training information wirelessly.
The applications will deliver student and teacher information, curricula and testing to schools and universities, as well as provide client companies with mobile training of domestic and global work forces via Motorola's V.Series personal communicator model V100. The corporate e-learning market is expected to reach over 16.8 billion in 2004 as reported by research firm IDC.
Motorola's V.Series V100 is the all-in-one communications device that provides consumers with a full range of communications choices to fit their individual needs, including traditional phone calling, sending and receiving of short text messages and receiving information from the Internet. The V.Series V100's full QWERTY keyboard and oversize display will enhance the wireless learning experience for students and employees participating in a Virtual Academics e-learning program.
"Wireless devices like the V.Series V100 will take Virtual Academics to the next level of distance learning and corporate training," said Steven M. Bettinger, President and CEO of Virtual Academics. "As an Internet pioneer with over ten years' experience in incorporating education with technology, the company is excited to now deliver the highest quality educational and distance learning programs that our customers have come to expect -- wirelessly."
Participating colleges and universities will now be able to communicate in a completely wireless environment using Motorola's V100 personal communicator giving students, teachers and administrators the freedom to customize their schedules to meet their individual needs. With the Virtual Academics "Campus Concierge" program, college and corporate campuses become mobile, complete with wireless e-mail and broadcasting messaging, browsable campus communities and services and cutting-edge customized wireless programs.
Additionally, Virtual Academics will offer a wide variety of wireless applications for Virtual Academics' client companies, allowing these companies to extend and expand their existing enterprise, wirelessly. These applications include the VADC Mobile Office; Corporate Concierge; Mobile Corporate Trainer; secured application server solutions, wireless e-mail and custom developed applications. These scalable applications provide the building blocks to revolutionize corporate training and corporate universities.
About VirtualAcademics.com Inc.
Virtual Academics.com Inc. is an e-learning company providing end-to-end education and corporate training outsourcing solutions over multiple delivery systems to academic institutions and corporations worldwide. VADC's core business services include design and implementation of Internet and wireless training and degree initiatives, in multiple languages, to a global audience. The company operates one of the largest international education platforms, encompassing thousands of students, in over 80 countries throughout the world. More information is available at www.virtualacademics.com.
About Motorola
Motorola Inc. MOT is a global leader in providing integrated communications and embedded electronic solutions. Sales in 2000 were $37.6 billion. For more information on Motorola, please visit our Web site at www.motorola.com.
MOTOROLA, the Stylized M Logo and all other trademarks indicated as such herein are trademarks of Motorola Inc. (R)Reg. U.S. Pat. & Tm. Off. All other product or service names are the property of their respective owners.(c) 2001 Motorola Inc. All rights reserved. Printed in the U.S.A.
Contact Information:
Motorola Media Intelligence Center
Eileen Oldham, 323/966-5639
mmic@hillandknowlton.com
or
Motorola
Josephine Posti, 561/739-2089
Jo.Posti@motorola.com
© 2001 BusinessWire
UPDATE 1-Hutchison taps Motorola for $700 mln in 3G devices
July 10, 2001 07:48:00 AM ET
(Adds details, background)
HONG KONG, July 10 (Reuters) - Conglomerate Hutchison Whampoa Ltd said on Tuesday it had selected U.S. telecoms gear giant Motorola Inc (MOT) to provide it with US$700 million in third-generation wireless devices, with delivery expected to begin in the third quarter of 2002.
Hutchison said it named Motorola as its preferred provider of 3G handsets for its planned networks in markets including the United Kingdom, Italy, Sweden, Australia and Austria.
The 3G devices will be multimedia-capable, boast always-on Internet connections, and able to operate on existing and next-generation networks using the UMTS (Universal Mobile Telecommunications Service) standard, the companies said.
Hutchison, which also has holdings in ports, supermarkets and property, plans to launch 3G services in 2002 in each market where it owns spectrum.
"Once there are mass volumes of devices in the market, 3G will become a reality," Hutchison managing director Canning Fok said in a statement.
Hutchison was among the companies that paid what totaled more than $100 billion last year for 3G network spectrum in Europe. Third-generation mobile technology promises to provide high-speed wireless Internet connections but a loss of investor faith in the unproven technology has helped to punish telecoms valuations globally.
The agreement commits both companies to work together to develop 3G mobile devices through at least 2003, Hutchison said. REUTERS
© 2001 Reuters
I was giving you my best estimate based on what little I have been able to get out of HRCT. I am trying to be realistic and not predict pie in the sky. If you start to do that you will be disappointed. If the 2nd quarter 10Q reflects revenues 8 to 10 times greater than the last 10Q, that would be pretty outstanding from my point of view. Estimates from 1999 are not this year - take into account the current climate.
Sino reported on his trip to China. He didn't have any obligation to post on the board forever. He had serious health problems in his family and he places his priorities there as he should.
brick1 - Nice DD but I don't think quite that much will be reportable on the next 10Q. I would guess more on the order of a little over half of what you estimate will be the revenue figure but that is still quite a jump from $300,000. As they add in larger percentages each quarter, we should see some very nice revenue growth.
The next 10Q isn't due until August 15th.
A little public whining elicited 2 emails from HRCT and 4 from other posters. As Berrygood pointed out, the PR stated, "Coursework will initially be offered in the classroom and later expanded online." I had overlooked this sentence.
The emails from HRCT indicate that the classroom programs are ready to be initiated and news about the program will be released soon. After the classroom program starts they will work on the online classes. Grace Li will return from China on July 14th.
Apparently things are progressing nicely but no information on the questions I asked. I guess I will take a blowtorch to the annual stockholders meeting and hold it to the soles of their feet - lol.
Since elearning seems to be the topic of the day... Does anyone have any idea what HRCT is doing in this area? What is HRCT's role? How will HRCT realize any revenues from this endeavor? What services is HRCT providing to the universities involved? I emailed Dr. Phan with these questions and he referred me to Grace Li. I emailed Grace Li and she emailed me back and said to call her and provided a phone number. I called the number and reached her voice mail and left my number. I haven't heard from her....
I have asked several other people close to HRCT and they said they would see what they could find out - I haven't heard back from any of them. Is HRCT's elearning project already dead?
OC - Did Chairman Mao say that before or after he executed them?
All you have to do is send me a Private Msg.
MisterEC - They moved the office a year ago. It is on the web site. The Marriott Courtyard is about 4 blocks from LAX. Free shuttle if you are flying in. We should get an official announcement soon but the info we have is accurate unless they have to change for some unforseen reason.
lexmark - It appears that you want hrctweb to tell you the future.... but if he told you something then it wouldn't happen next week - it would have occurred the moment he told you. He will never comment on upcoming material events, partly because it would be illegal in some cases, and because it leave nothing to announce when the event occurred. He did tell you what the company's current priorities are and generally what they are working on. HRCT has had problems in the past with projecting deadlines that they have been unable to meet and have apparently decided to wait until a project is complete before announcing it. You already know about projects that HRCT is working on and what we are waiting on.
Serving is the easy part... it is the returns that require a lot of skill.
EZ - My email address is Investorman2000@hotmail.com
berrygood - send me an email.... I have lost your email address.
The whole point of having a PR/IR contact (whether internal or an outside firm) is to provide a single point of contact for information about the company. The CEO shouldn't be taking calls and answering email for every individual investor. Hopefully he has other duties that the time could be better spent on.
Moody - I think you are going over the hill on this one. Account Executive is the term used by all PR and advertising firms to designate individuals that are the point of contact (sales rep) for a client. In general it is used by most companies (from GE on down) as the job title for sales reps that handle individual accounts. It has nothing to do with stock brokers other than it is also used by them for individuals who deal directly with customers.
Hmmmm... for 50,000 shares there must be something I am missing. Are you sure there is even a bed in this high-roller suite?