Hartcourt Companies (fka HRCT)

[MrBankRoll]

Shown? 180?.......

Posted by: 1moodyblue
In reply to: None Date:5/5/2005 9:32:53 AM
Post #of 64278

"!!!!! FYI just so everyone knows there are only about 184 Million Shares Outstanding. The 10-K doesn't show or take in to account the 29 Plus Million shares HRCT took back from the Acquisitions they sold off.Technically they are still out as of the filing this is the reason they had to be stated as a total of 214 Mil. And once Carrie cancels them, this will reflect the new amount of OS."

Looks like hearsay to me. Besides, 214-29=185. Even with 65 million in the coffers, at ten cents it only amounts to 3.25 million with the 50% discount. I think David Chen paid that much for just 1 of his worthless acquisitions.

If dead and dying garbage is selling for multi millions (maybe most of the d&d are being all but given away, could it be that the sellers realized how clueless DC was and took advantage of him?), I would sure expect a growing, high profit company would demand a much, much higher premium. I wonder why anyone would sell at all if they're making money hand over fist?