Replies to post #55858 on Hartcourt Companies (fka HRCT)

[commoname]

TIN...

Add to questions for July..

The dealings with Sinobul...They create more questions than they answer...
Sinobul a sub of Hopeful Internet Tech.Ltd ? I thought Sinobul belonged to Hrct...Who are they ? How did they obtain ownership....And for them to sell it implies value and so they got paid for Sinobul ? We gave Sinobul away , free, for the promise of something of consequence forthcoming down the line out of First Shanghai Corp, from which, we were promised some 17% of a new entity of which Sinobul would have been a part...
Enter FIRST INFORMATION TECH.LTD. , The entity who bought Sino from HOPEFUL for an amount unknown...and in which HRCT is to get 10 1/2 % interest...But again , this is not clear...Signed contracts are mentioned and it appears , that HRCT has to BUY the interest and the shares..Can this be right ?
And from this 10 1/2% interest in FIRST INFORMATION, will you then distribute anything at all to shareholders in HRCT ? No time frame is indicated ...
I respectfully submit the above for your comment , even thought it appears to be a book instead of a question...Thank you..

[Penny_4UR_Stocks]

Tin, Added Question 5. P4URS

July Q&A***Shareholder's Question and Answer

1. Do you have a specific time frame for any of the spin offs?..If not specific, can you say whether they will be completed by 2004 year end?

2. I'm confused about the percentage of ownership, going to Hrct shareholders concerning the SinoBull spin off..As I recall, 17% was stated earlier..Has that percent changed in some way?.Or am I misreading your answer in the June Q&A?.

3. Not being specific, can I ask if there is still a road show planned for Sept.?..Before or after the Shareholders meeting?

4. We can see that David Chen is not on the ballot for Chairman of Hrct...Can you tell us about his future plans, or will there be a PR coming to address this?...Or will Hrct wait until the shareholders meeting to make this info available?

5. Please provide information regarding HRCT's current approximate percentage of revenue derived from commissions on wireless communications, including cellular voice and data activations, and the plans (if any) for growing opportunities in this market through both retail and enterprise channels.