Replies to post #22171 on HARTCOURT - Germany/Europe (HRCT)

[bar1080]

Princely is trash >>> imo. is it even operating now?


'A summary of China Princely assets acquired, liabilities assumed, and consideration paid

    Amount    
          
    Current assets           $ 8,345    
    Good will                651,082    
    Property & equipment       4,155    
    Current liabilities     (246,000)  
    $417,180    
            
  
 Consideration paid  (actually still unpaid as of 5/2008)        
    Cash                    $ 39,180    
    Common Stock             378,000    
     $417,180 
  
    
  
  
  
  
 Un-audited pro forma consolidated financial information for the years ended December 31, 2007 and 2006, as presented below, reflects the results of operations of the Company assuming the acquisition occurred on June 1, 2005 and 2006 respectively, and after giving effect to the purchase accounting adjustments.  
  
 These pro forma results have been prepared for information purposes only and do not purport to be indicative of what operating results would have been had the acquisitions actually taken place on June 1, 2005 and 2006 respectively, and may not be indicative of future operating results. 
  
  
  
 China Princely   Years ended May 31     Five months period ended    
                            2007         2006         May 31, 2005 
              (UN-AUDITED AND IN U.S. DOLLARS) 
  
             
   Operating loss       $(1,430,039)   $(1,003,952)    $(330,284)  
   Net income (loss)    $(3,869,146)    $(2,972,880)    $ 73,082 '