Hartcourt Companies (fka HRCT)

[funincolo]

TFN...

I'm not getting to worked up about the 10K... Without all the subsidiaries reporting, it doesn't have much meaning from the standpoint of analyzing the numbers...as Sino posted... 7 cents a share deficit and 2.5 million negitive cash flow (only FTL and HRCT HQ reporting) from operations is not much to make up... but until all the entities are reported...we won't have a base to start from...

The debt still only consists of 3.5 million with 2.5 million due to the owners of FTL and UAC (including combined results from FTL, UAC, SA and HRCT HQ) So the going concern disclaimer is once again ridiculous as HRCT will meet it's current obligations...

Also...HRCT still only paid 7 million for Sinobull and SA and even in this market they will value many times that amount... HRCT needs to focus on closing the remaining subs, reporting those subs, and listing those subs so they can be valued by the market.

Not thrilled by some of the excess bagage in the report, (management needs to make some adjustments in policy) and the enviromental market impact (share price) will be felt in the form of dilution closing subs, but the 10Q will be a much better evaluation of HRCT's financial position going forward...

JMO