So let's begin some analysis:
It appears that management is currently valuing HRCT at .011 for this deal, which is pretty disappointing.
On the other hand if the deal goes thru it puts current shareholders into a company with at least some real assets as noted below.
The question is: Will shareholders, knowing the history of reverse split companies, sell into this news?
I expect we will take a good haircut over this news, but at the same time it looks like an extraordinary opportunity to acquire shares on the cheap in a company that has solid prospects.
This part is most interesting:
Founded in 2003, Sino-Canada is primarily engaged in the investment and management business in the field of education. Sino-Canada's subsidiaries include Sino-Canada High School, Canadian Learning Systems Corporation, Sino- Canada Middle School, Wujiang Fenghua Training Center and Wujiang Huayu Property Management Company. Sino-Canada High School, established in China in July of 2003, is a certified school with Chinese-foreign cooperation acknowledged by both the Chinese and Canadian governments and authorized to provide a certified Canadian high school curriculum. Sino-Canada High School is authorized to award its graduates dual diplomas recognized by the Ministry of Education in both China and Canada. The number of its students is expanding at a rate about 50% annually. The Sino-Canada High School campus covers a total area of approximately 50 acres and a building area of approximately 21,215 square meters. The school has approximately 800 students and 150 teaching staff at present. Canadian Learning Systems Corporation, incorporated in November of 2003 in the British Virgin Islands, provides exclusive management services to each of Sino-Canada High School, Sino-Canada Middle School and Wujiang Fenghua Training Center, and charges part of SCHS's and all of Sino-Canada High School's and Wujiang Fenghua Training Center's annual profits as compensation for the exclusive management services it provides. Wujiang Huayu Real Property Management Company, founded in China in March of 2004, is primarily engaged in providing property management and related consulting services.
