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Investorman

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Investorman

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Re: joespringerpe post# 8044

Wednesday, 04/17/2002 4:30:25 AM

Wednesday, April 17, 2002 4:30:25 AM

Post# of 92667
joespringer - HRCT owns 51.8% of the outstanding shares of ElephantTalk. Because it is a majority interest, ETLK's revenues are reported by HRCT. As you surmised, when the value of ETLK's shares rise, 51.8% of ETLK's market cap is an asset of HRCT.

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