Hartcourt Companies (fka HRCT)

[Tin-Berrygood]

Certainly a positive no matter how you look at it..A group of Chinese investors loaning a 1 penny stock almost a million?..if they didn't think the company didn't have a future or the shareprice would go up enough to be able to sell at some point, they wouldn't have done it..Jmho
Thanks again for bringing all this up..You always do Hrct a great service with your posts..lol

Aloha

On April 08, 2009, The Hartcourt Companies Inc. (the “Company”), entered into Loan Agreements with Chinese investors pursuant to which, Chinese investors agreed to loan an aggregate of $800,000 to the Company. The loan interest is accrued at the rate of 6% per annum. At the option of investors, the principal amount of $500,000 is convertible into the Restricted Common Stock of the Company at a price of $0.01 per share. If the investors choose to convert the loan into the Restricted Common Stock, the Company will issue up to maximum 50 million Restricted Common Shares. The fund will be used for working capital