Hartcourt Companies (fka HRCT)

[Investorman]

jedigit - Things have been moving as far as the R/Ms are concerned. GTCI just had the shareholder vote to approce the RM. Unfortunately the regulations on some of these things (required notice for special votes, etc.) tend to drag things out but that is the nature of the beast.

The bulk of the revenues are in Elephant Talk and Sinobull which are the two divisions involved in the RMs. Significant e-learning revenues are a ways down the road. This isn't like a large company spinning off one division where it only constitutes a smaller portion of total revenues. With these HRCT subsidiaries you are talking about almost all of HRCTs revenues at the moment.