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...yes we have volume. Do either of you guys know how many shares are in FLTL float? TIA
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Hey ec, I made another error in #540. I stated that Flora from EJYM got back to me.. Flora Song works for FLTL, and she did not get back to me. No surprise there, but I did get a response from EJYM, and that was what I posted...Do you know how many shares are in the float of FLTL? TIA
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...yes I did ec. Did you read post #529, before posting #531? Did you read post #539, before writing post #541? Do you have MBR on ignore? Credit him for pointing out my derailment. Do you know the # of shares in FLTL float? TIA...
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Yes ec, I saw that in the pr that was put out on 6/07/05. You had stated in post #516, on 11/05/05...
"Agreed that what we know of EJYM looks very nice. I console myself in knowing that FLTL can already own 40% of it, and I will participate in that way."
...So I wrote Flora to see if you were right. Flora got back to me today and I posted her answer. They still own the same amount as they did on 6/07/05. DC may issue more shares for a larger piece of EJYM, but he hasn't yet, so we still have a 14.625% stake in EJYM...unless they have issued more shares like DC has the propensity to...
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Howdy MBR...Sure, I admit my mistakes. When you make as many as I do, admitting them is a daily occurance. It just ain't in my nature to follow the pack. How did you vote on this MK Aviation merger/purchase?
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Whatever he did, he did it with our approval...
"The agreement has received written consent by the majority of Fintel's shareholders, and unanimous approval by its Board. The shareholders and Board of MK Aviation are unanimous in their approval. Closing is expected to occur prior to December 30, 2005. The acquisition will increase consolidated net assets by at least $7.5mm, and cash flows and incomes subsequently."
He may have, but don't worry, DC will/can print more...
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Hey, I got a response from Enjoy Media...
Mr. xxxxxxxxx,
Sorry for the late response as it took some time to check up the current records. As of November 7, 2005, the record shows Financial Telecom Limited (USA) Inc. as a shareholder of EJYM with 14,625,000 shares.
Thank you for your continued interest in Enjoy Media.
Best regards
I think you are right. They must be 2 different companies...surgery sucks, but medication ain't so bad...
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Looks like there may be a lawsuit too. I don't see a date for this article but I believe it to be recent due to the mention of the crash being one year ago...
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Suit launched against MK Airlines
By MICHAEL TUTTON
HALIFAX (CP) - A multimillion-dollar lawsuit has been launched against a British-based cargo airline by the families of crew killed in a fiery crash in Halifax one year ago.
Seven crew members died in the MK Airlines crash on Oct. 14, after the heavily loaded jumbo jet failed to gain sufficient altitude, struck its tail on a berm at the end of a runway and crashed into nearby woodlands.
Transportation safety investigators have determined the throttle of the jet was set incorrectly, and the engines didn't generate enough power for the planeload of seafood and tractors to take off.
Lawyers for six of the seven families filed the suit Wednesday in the Supreme Court of Nova Scotia, alleging the crew was too tired and poorly trained to avoid the error.
The allegations in the suit have not been proven in court and no statement of defence has been filed by MK Airlines.
Steve Anderson, an airline spokesman, declined to comment on the lawsuit until the company reviewed it.
Mary Schiavo, an aviation lawyer based in Charleston, S.C., said she will seek punitive damages of "several million dollars Canadian" for each of six families involved.
The suit alleges that MK Airline put "profits over people" by requiring the crew to make a transatlantic trip within a 24-hour period of time.
It also claims the company failed to get the proper training for crew members on the software used to provide proper takeoff settings.
The issues of fatigue and training were both raised as factors in the crash by the lead investigator of the Transportation Safety Board in an interview earlier this week with The Canadian Press.
The airline has denied links between the factors raised by the investigators and the accident.
The safety board's final report on the accident is expected early next year.
Schiavo, a former senior investigator with the U.S. Department of Transportation, said the widows are struggling financially and need to be compensated for the loss of their husbands' incomes.
She said the lawsuit also aims to improve safety in the cargo aviation industry.
The lawsuit, filed by Toronto-based lawyer Paul Miller, includes the names of 35 plaintiffs, including the wives, sons, daughters, mothers and fathers of the pilots.
They're suing for damages in the deaths of Capt. David Lamb and flight engineers Pete Launder and Steve Hooper, both residents of Zimbabwe.
Family members of ground engineer Mario Zahn, a German who lived in South Africa; and loadmaster Chris Strydom and first officer Gary Keough, both of Zimbabwe, are also suing.
The wife of Capt. Michael Thornycroft, a Briton who lived in South Africa, is not joining the lawsuit.
The families also allege the company deliberately registered the plane in Ghana to avoid the stricter regulations of the United Kingdom, Canada and the United States on maximum on-duty times for airline crews.
The lawsuit also named several sub-contractors and the Halifax airport.
And here is more...
Boeing 747 crash
05:01 2004-10-15
The Ghana-registered MK Airlines Boeing 747 crashed into a quarry at the end of the runway at about 0355 local time (0755 GMT).
Local police later called off a code orange search and confirmed that no survivors had been found.
Reports indicated that the crew were from South Africa and Zimbabwe, with some claims that Britons were on board.
There were conflicting reports about the crew members' nationalities, and the UK Foreign Office said it was investigating whether Britons were on board.
The cause of the crash remains unconfirmed, but a Canadian air safety official told Reuters that a video of the accident appeared to show the plane's tail piece break off while the plane was still within the airport perimeter, informs BBC News.
According to the Herald Sun, the Boeing 747 was bound from Hartford, Connecticut for Saragoza, Spain, when it crashed at 4am local time(5pm AEST) in clear weather after refueling and taking on a load of fish at Halifax, officials said.
The plane belonged to MK Airlines, which has a fleet of 747s and McDonnell Douglas DC-8 freighters registered in Ghana, though the carrier's administrative offices are in Hartfield, East Sussex, southern England.
Earlier reports said some might have been British. Anderson said an MK team was flying to Nova Scotia to assist investigators.
Royal Canadian Mounted Police Constable Joe Taplin told a press conference: "We have recovered some of the remains (of the crew) and I can confirm that there are no survivors."
A Transportation Safety Board of Canada spokesman said no black box recorder had yet been recovered from the wreckage.
...this one ec, and I'm not implying anything. Just doing research and this was easy to find. I don't RELY on DC to do the right thing. Remember what Carrie is undoing over in Hartcourtland? This comes up when you Google MK Airlines...they have pictures too, but it looks like they didn't copy here...Do you always shoot the messenger? LOL
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MK Airlines 747 cargo jet crash kills 7
Firefighters work around the burning wreckage of a MK Airlines 747 cargo jet, that was bound for Spain, which crashed upon take off at Halifax International Airport, October 14, 2004. [Reuters]
A firefighter looks at a large section of part of the remains of a Boeing 747-200 cargo jet owned by British-based MK Airlines at the Halifax International Airport on October 14, 2004. The Ghanaian-registered Boeing, which was taking off for Spain with a cargo of seafood, crashed and burned on take off from Halifax airport in eastern Canada Thursday, killing all seven crew on board, police said. [Reuters]
Thanks ec...just trying to find out where we are. Since my surgery I've had all this time with nothing to do, so I spent some time trying to figure out what FLTL has been doing. The MK Airlines thing is what spurred me on...I have done little research in these companies, HRCT, FLTL and ETLK, the past few years. MK Airlines has some info on the web, but not much. Does anyone here know of the outcome of the plane crash in Canada last year? Did it have effect on their business? Did it affect their insurance? Are there lawsuits? Have they replaced the plane? How about financial statements? I don't see any available on their web site. Why do you think MK Airlines is a good fit for FLTL?
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The July 15, 2005 Information and Disclosure Statement of Enjoy Media, has Fin-Tel owning 14,625,000 shares or 14.625% of the companies outstanding shares. Where do you get your 40% figure from? Thanks
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Won't be the first time for me...probably won't be the last. As Tin says, this ain't a done deal either. We have seen deals unravel before...More than have worked out, or so it seems...
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Well, I did give you a choice. Seems more than a coincidence that DC wants what AP once wanted and is willing to pay more for it...at the shareholders expense. When do you hold management responsible for their actions? Just because we have FLTL shares as a dividend, doesn't mean we have no say in what goes on. Opinions are going to differ, and I am of the minority...on this Ihub forum anyway. I for one, hope this deal does not go through...
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Hey, thanks...that's what I get for not copy and pasting. I shall resubmit my question(s)...Thanks again...
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...Seems HRCT is having a mail problem too...
Hi. This is the qmail-send program at yahoo.com.
I'm afraid I wasn't able to deliver your message to the following addresses.
This is a permanent error; I've given up. Sorry it didn't work out.
<info@hrct.com>:
Sorry, I wasn't able to establish an SMTP connection. (#4.4.1)
I'm not going to try again; this message has been in the queue too
long.
--- Below this line is a copy of the message.
Return-Path:
Received: (qmail 18429 invoked by uid 60001); 3 Nov 2005 14:10:44 -0000
DomainKey-Signature: a=rsa-sha1; q=dns; c=nofws;
s=s1024; d=yahoo.com;
h=Message-ID:Received:Date:From:Subject:To:MIME-Version:Content-Type:Content-Transfer-Encoding;
b=zYtdwYLTfZlRwWeIyewsdvVmUp2lkU7rrWU62BOVzNzTwf7wWw0goetKjjPMVrIiEjw3YZgCjkycERK47+TIMbeJfz8TJL9xl/ETvZCKu70U1RA0w3PvRysn6K/MzaMARRJqnEErqdcRydodRbgQpHE3M+ErGNUPKbjvQcmmA98=
;
Message-ID: <20051103141044.18427.qmail@web60225.mail.yahoo.com>
Received: from [68.237.92.70] by web60225.mail.yahoo.com via HTTP; Thu,
03 Nov 2005 06:10:44 PST
Date: Thu, 3 Nov 2005 06:10:44 -0800 (PST)
From:
Subject: When...
To: info@hrct.com
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="0-62117032-1131027044=:16619"
Content-Transfer-Encoding: 8bit
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
very hard to get questions answered this way...
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Not so sure about it being logical, Monsieur Tin. MK Airlines was perfect for Hartcourt in 1998? And now MK Airlines is good for FLTL in 2005? Seems like it could be more than coincidental...and any shareholder who cares, could/should be alarmed. What is next? Revive Sinobull? Are we still waiting for that spinoff? You can ignore the connections if you want, but it doesn't mean they aren't or are there. Just another red flag...until they wave a white flag, the game continues and I'll be here for your entertainment and uhhmmmmmmmm, suggestions...LOL
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...I guess thinkerman woke up. Some of my posts are deleted. I didn't think I violated any Ihub terms of service...but that was never a criteria for removal of posts here. A simple difference of opinion is all it takes...
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...Questions are fine. In fact, IMHO, they are necessary and shows an interest in what the company is doing and how they are going about doing it. I can't understand why shareholders have such a dim view of holding the company that they own a portion of, culpable for its actions. Since nobody here can/will answer my questions, I'll wait and see if FLTL will. You don't have to respond to the implicated ties to Phan, but if you care to...take a stab at any of the others. Have you read posts 94 and 96? I have been consistant, and my concerns about DC have come to fruition. Will the dilution ever stop?
Are you happy with the way FLTL is taking care of business? You don't question anything? That is not my way. And I wasn't given my shares out of the blue. I came by them as a shareholder in Hartcourt. Does everyone follow blindly? You may also put me on ignore...
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ps...not pizzed. On the contrary. I am thoroughly amused by these recent happenings
Why do you feel an obligation to reply to my posts? Put me on ignore. I have no right ruining your day. Put me on ignore...
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...Do you know where the shares came from? Have you checked the filings to see how they have grown? Have you witnessed an increase in your value of FLTL? Do you see successful companies increase their authorized and outstanding shares at this % rate. Essentially, they are printing currency at your diluted expense...Let's see what happens and thanks for looking out for me, but our investment styles widely differ...
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Seems as though they don't check their mail to often...or they are deluged with questions...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Hi. This is the qmail-send program at yahoo.com.
I'm afraid I wasn't able to deliver your message to the following
addresses.
This is a permanent error; I've given up. Sorry it didn't work out.
<info@fintel.com>:
218.30.103.129 failed after I sent the message.
Remote host said: 552 This user's disk quota exceeded, anyway you can
send a smail (<1KB) message to inform the person.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I've sent the same question to Flora Song and her maibox accepted it...Nice to know someone is checking their mail at FLTL...
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This has to be David Chen's finest work...in June of 2004 this company started out with 15,100,000 shares. They have no stock splits that shareholders would have benefited from, yet still managed to balloon the outstanding shares enough to be able to offer 372,430,363? This is what makes my day...Go FLTL
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Same guy that was on tv Saturday mornings in the late '80's touting sport picks and pushing his service. There were a few of these shows back then...maybe still? I don't follow that closely anymore. I'm sure Hartcourt didn't book him, but...the money he makes, comes from your pockets. I also remember Phil Mushnik, a Post reporter I believe, who was trying to expose him and his kind. Don't know what became of that either...
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I knew the name Root rang a bell...
The Zen of Gambling
The Ultimate Guide to Risking It All and Winning at Life
Wayne Allyn Root - Author
$19.95 add to cart view cart
Book: Hardcover | 6.29 x 9.37in | 320 pages | ISBN 1585424021 | 23 Sep 2004 | Tarcher
America's premier sports gambler shows readers how to navigate the many gambles of life successfully
In The Zen of Gambling, the star of Spike TV's Wayne Allyn Root's WinningEDGETM shows readers why—be it in the casino, on the playing field, or in the boardroom—it is so vital to take risks in life. Wayne Allyn Root lives an American Dream: he makes tons of money sitting on his couch watching sports on television. In fact, as CEO of GWIN Inc., America's only publicly traded sports handicapping firm, Root has made a lot of people a lot of money and in this book he reveals the spiritual principles behind his consistently winning hand.
Says Wayne Allyn Root:
I think so too...
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...Hrct is having a nice morning with good volume...'cept for yesterday afternoon, hrct has acted like it wants to be taken seriously. Somebody got the ball rolling this morning. Let's hope we don't trip over ourselves again...Goooooo Hartcourt...
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Who? Me? I am never a regular poster but I had a few in there. It was me who jokingly, posted about Cramer, no I would never call him about anything, and the next day we had volume and a rise in shareprice. I have a few after that too. Hey, I like it when there are a lot of posts to read here. It amazes me how this stock affects people. Maybe we have been here to long? Even RB has become amusing. Currently we have Mocha over there trying to get Pit to discuss his admission to being our own beloved brdsng. Sorry if my apathy towards this company bothers you or any others, but that is the way it is...Don't worry, we will probably have more days to woo-hoo around here. It just a matter of when and at what price. It doesn't seem to matter how far down we go in s/p, a couple of green days and it is time to woo-hoo. Do you suppose the cheerleaders are selling shares purchased between 7 and 8 cents? Hardly seems worth the time or effort...So yeah, I been posting at my regular speed, 'cept fer today...Maybe I'll go fishing while it is still daytime and the fish bite...
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...where is everyone today? Can I get a woo-hoo for the "E"? Or do we only chat on green days? C'mon, we been here before and we will be here again. Life is a circle and HRCT just goes round and round. Can you smell Phan in the Fin-tel news?
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...What do you think of the Fin-tel news?
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Hartcourt is not any other company. I'm not sure what it is, but it definately is not like any other company. For me it has become a source of amusement, not income...A little more communication from our company would be nice...
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There doesn't appear to be a rush to sell this morning...This e thing makes the recent rise in share price and increase in volume a little suspicious. History, apparently, does repeat itself and our little Hartcourt proves it. Should provide enough ammo for an interesting Q&A session at the meeting...bb
this comes via Raging Bull HRCT board...same company?...
MK Aviation, S.A., Aircraft Leasing
Hartcourt is scheduled to sign an agreement on July 7, 1998, to acquire MK, formerly the world's 5th largest Aircraft Leasing Company. MK currently leases primarily aircraft engines, but has in the past owned and leased many
large commercial jet aircraft. Hartcourt's CEO, Alan Phan, was an employee of MK from 1981 until the early 1990s, serving as an executive officer of the corporation. MK's revenue in 1997 was $33 million, with a net after-tax
profit of $1.6 million. Currently, the Company is on-track to produce revenue of approximately $40 million in 1998. MK Aviation has net assets of approximately $10 million, mostly in the form of commercial jet aircraft engines which are leased to major airlines around the world. The aircraft leasing industry is relatively new, beginning in the late 60's and early 70's. Companies such as Guinness Peat Aviation (GPA), and GE Capital (formerly Polaris) developed the industry to a $12 -to- $15 billion dollar industry. MK Aviation had leasing revenue of over $600 million in
the mid-1980's. Aircraft leasing companies purchase mostly used aircraft and components (engines) that are 10 -to- 15 years old having achieved a stable depreciable value, and lease them to major airlines across the globe. The asset is moveable so if the market is bad in Asia, the planes can be
moved to Europe or the U.S. and leased there. In addition, maintenance is government mandated and regulated, so the asset generally has a very long life, with low depreciation due to the age of the original asset. During the period from 1985 to 1990, an aircraft glut dramatically reshaped the industry, and MK scaled back its operations. The current owner of MK semi-retired during this period, allowing sales to decrease to current levels by the early 1990's, where they have remained. Hartcourt management
believes that MK can produce as much as $400 million in revenue annually within the next 2 years (by year-end 1999 or mid-year 2000), with an after tax profit of between 1.5% -to- 3%. MK is being purchased for $10 million,
mostly stock.
...it would be nice to see a flurry of buying before the close...
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Yes, volume has slowed considerably. There are arguments as to the pros and cons of this. Let's see how the rest of the week plays out. Today was nice. I'd take a penny a day for a year and be real happy...
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...not so strange tin. Some are bound to take profits...and others will follow...it is still a good day
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...your welcome ec. I'm only happy I could help. Well, me 'n Cramer that is. I gotta give him a little credit too. Don't sell yet ec, cuz there are still more tricks up my sleeve...
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