With regards to the two press releases today:
The Hartcourt Capital implies revenues that is all cream,
LOS ANGELES, Apr 17, 2002 /PRNewswire-FirstCall via COMTEX/ -- The Hartcourt
Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: 900009), www.hartcourt.com
, announced today that its subsidiary, Hartcourt Capital Inc., together with
Shanghai Reach-Bridge Investment Consulting Company Ltd (SRBIC), have been
appointed as joint financial advisors by CC&E Communications Co. Ltd. to assist
the company in going public on international stock markets. Hartcourt Capital is
providing services on a fee and equity basis.
HRCT gets money and stock based on work without money out, this is the best way to earn value for stock holders as it only has personnel costs.
THe Elephant talk purchase is for a company that has revenues that are of the same order of magnitude as the company aquiring it. My guess is that this is an equity trade rather than a true "purchase" and the only real benefit to shareholders will come with increased efficiencies of the larger company, as well as the ability to capture bigger contracts. THey will have to print up quite a few new shares to buy this company, if they are not using cash, especially at these depressed prices.
George
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