Hartcourt Companies (fka HRCT)

[Investorman]

jedigit - If you spin the companies off to HRCT shareholders then what will HRCT have left? Sure you will get the shares of the subs but your HRCT investment will have nothing left in it. HRCT currently has 51.8% of ETLK. As long as they own more than 50% HRCT can report ETLK's revenues as its own. If HRCT's share drops then the revenue disappears off of its books.