Hartcourt Companies (fka HRCT)

[MrBankRoll]

A little of Hartcourts history.......

In November 1994, Stardust, Inc., Production-Recording-Promotion (Stardust) acquired 100% of the outstanding shares of Harcourt Investments for 8,280,000 shares of its common stock in a transaction accounted for as a recapitalization of Harcourt Investments with Harcourt Investments as the acquirer (reverse acquisition).

Therefore, the historic cost of assets and liabilities were carried forward to the consolidated entity. In 1996, a reverse stock split changed the number of shares issued and outstanding to 2,735,952. The consolidated financial statements were restated to reflect this capital stock transaction. Stardust's name was changed to the "Hartcourt Companies, Inc."


http://sec.edgar-online.com/1997/08/15/16/0001017386-97-000040/Section8.asp