Answers on Monday..................
***October Q&A***
1. In the last Q&A you stated that "revenue from retail stores represents only 24.83 percent of our total revenue." Where does the other 75.17 percent come from?
2. It's been a month since the first court date with the SEC. How did the first (Second?, Third?) round go? Any idea when this will be behind us?
3. Any idea when the Sinobull/GTI spin off will occur?..Approx?.. Within a six month period?..
4. What has been the main difficulty in bringing these first companies under one roof?..The acquisition aspect?..Post acquisition cooperation?...Streamlining their operations?..
5. Do you have any ball park figure as to the total number of employees currently working for Hrct and their subs?
6. The purchasing price of Zhongnan differs from the one announced in the first Zhongnan-PR. Why?
7. Why didn't we see the revenues and earnings of Zhongnan in q4 although we signed the agreement on 07/30/2003.
8. With many companies benefiting from the interest in China issues, what plans are there for making the re-invented HRCT story known? Would appreciate specifics.
9a. With HRCT being an American Holding Company and holding all Chinese companies, how do you propose to continue in the future? (Will HRCT remain a US company or become a Chinese company?)
Statements:
....you have a token office here in the USA but your main offices of operation are in Hong Kong
....you have done a 360% on company goals and now are focusing on electronic distribution
....you continue to say getting off the OTCBB is your main shareholder priority
....you stand fast on keeping a low profile while "Chinese" companies take the spotlight
9b. Is HRCT more vulnerable because it is an American company and not a Chinese company?
9c. Is this still true "...Hartcourt's business strategy is to add substantial value in terms of financial restructuring and corporate governance to enable these subsidiaries go public via IPO or reverse merger...." and will the shareholders have to deal with more restricted share distributions?
10. What steps are being taken to bring NEW investors to HRCT????This stock needs new blood and faces..
11. Has there been a noticeable difference in government policy and relaxing of regulations during the past year since the WTO has appeared to have had it's impact on China?
12. There are so many areas that can use IT equipment in a country the size of China.. Are there any specific directions that the Hrct's subs feel there are the most potential?..Government contracts..Small and medium sized business?...All the upgrading for the Olympics and the Shanghai Expo?..The average PC user?..
13. One would think that any US company with an idea of moving their goods into China would benefit a great deal from the network of companies Hrct has built up to now..Are there any name brands in particular that have expressed a desire to use the Hrct network as their primary pipe line to China IT customers?
14. If the company tries to become the third largest IT-merchant
in China, when do you think to achieve this goal, approximately??
15. If it has become the third largest IT-merchant, which companies are the leaders, namely Legend or Founder Hldgs.?
(Then we might be the largest private-owned distributor.)
16. At which rank in the list of the IT-business companies in
China are we in the moment, just to have an idea of the march to walk?
17. Will Hartcourt subs ever expand it's operations to include other Non IT related products?..What other items do the Hrct subs focus on besides PC's..Phones maybe?..
