Hartcourt Companies (fka HRCT)

[MisterEC]

That is somewhere around $82.5 Million lost in the last 11 years.

We hereby make a summary of Net loss for the past 11 years.
Net loss for the fiscal year 1998 was $ 21,295,653
Net loss for the fiscal year 1999 was $ 7,862,468
Net loss for the fiscal year 2000 was $ 6,790,879
Net loss for the fiscal year 2001 was $ 5,329,408
Net loss for the fiscal year 2002 was $ 2,559,409
Net loss for the fiscal year 2003 was $ 758,480
Net loss for the fiscal year 2004 was $ 15,452,296
Net loss for the fiscal year 2005 was $ 13,796,151
Net loss for the fiscal year 2006 was $ 2,834,960
Net loss for the fiscal year 2007 was $ 3,786,441
Net loss for the fiscal year 2008 was $ 1,973,477.

If HRCT lost it, than someone made it, correct? Who made $82.5 million at our expense?



With the major hindrance behind us and aggressive restructuring and acquisitions under way, we believe Hartcourt can lead the way in delivering exceptional growth, value and opportunity to our shareholders in Fiscal 2009 and beyond.
Just take us back nine years, Victor, and let us sell.