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Replies to post #8044 on Hartcourt Companies (fka HRCT)

Replies to #8044 on Hartcourt Companies (fka HRCT)
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Investorman

04/17/02 4:30 AM

#8048 RE: joespringerpe #8044

joespringer - HRCT owns 51.8% of the outstanding shares of ElephantTalk. Because it is a majority interest, ETLK's revenues are reported by HRCT. As you surmised, when the value of ETLK's shares rise, 51.8% of ETLK's market cap is an asset of HRCT.