Hartcourt Companies (fka HRCT)

[MrBankRoll]

Here's another 8 million shares....... "Hartcourt acquired 50.5% of GuoWei equity for a total of $4,647,447, by issuance of 10,863,788 Hartcourt common shares and a cash investment of $301,932

Pursuant to the GuoWei acquisition agreement, both the seller and buyer have the first right to buy back their respective equities in the event that the parties decide not to complete the merge. On March 16, 2005, Hartcourt and the minority shareholders of GuoWei reached an agreement to sell the 50.5% of Hartcourt equity back to its original owners for a total consideration of $1,031,496 in a combination of cash and stock transaction where GuoWei paid cash consideration of $794,914 and returned 2,951,800 shares of Hartcourt common stock".