Hartcourt Companies (fka HRCT)

[Investorman]

MBR - Thanks for shareing your info from Manu. It was no suprise since distribution of the ETLK shares at this time was not an option if HRCT was to survive. Contrary to what many posters seemed to have hoped, there is no such thing as "free" shares in any spinoff no matter what company is doing it. If the shares of the spinoff are distributed to the shareholders of the parent company then the value of the spinoff shares is automatically removed from the value of the shares of the parent company. In HRCT's case, the value of ETLK and Sinobull are 98% of the value of HRCT at this time. At some future point when HRCT Capital and the e-learning division achieve significant revenues and earnings then HRCT may have the option of distributing shares of ETLK and Sinobull.