I still don't understand why HRCT sold Pego Systems. The company was already turning revenues. . .and earnings. It never ceases to amaze me. The insights I've gathered from a few message boards lead me to believe the following:
SRUN is going to be a "shell" company. It will probably be in order to speed up a listing on a US exchange. . .of a HRCT subsidiary. HRCT has recently announced their increased ownership in both SA and ET. SRUN's business model is focused on Internet services. Internet services require cable, satellite or telephone lines. . .for operation. ET is a provider of telecommunications in China. ETNS. . .is a backbone network of broadband, etc. ET has a relation to ETNS. Well. . .I think most people see where I'm headed.
Reverse split: I have never seen a "reverse split" that has been beneficial for shareholders that presently own a stock (in the short-term). However, the long-term may be different. Anyone caught wind of the 10Q for HRCT, yet? Perhaps that will shed some light on the intentions with SRUN.
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