Replies to post #55860 on Hartcourt Companies (fka HRCT)

[mmayr]

HRCT didn't give Sinobull away for free, they sold it for ten bucks. At least, that's what I remember. This is the same sub of HRCT that was supposed to undergo underwriting by Morgan Stanley or the likes and bring in nearly 1/2 billion USD. Those were the good old days.

With HRCT, I wouldn't mind forwarding a question since apparently there are those here with the power to get them answered.

My question:

Do you feel that HRCT is leaving the pier/or dock at the pier, or arriving at the pier/or dock at the pier (as in boat. . .like metaphors of the past)? Because it seems to me that HRCT left the pier. . .set out to voyage, and then sank. Is there any way to raise the Titanic?

TIA

[Tin-Berrygood]

A little something I picked up in the last filing..Let me know if it helps or you want to reword your question...Lemme know..
ALoha

In April of 2003, Hopeful Internet Technology Limited ("HIT"), a 51% owned subsidiary of the Company (Hrct), disposed off its wholly owned foreign subsidiary, Shanghai Sinobull Information Corp. Ltd. to a non-related party (GTI). According to the sales agreement, HIT received 57,826,793 common shares (or equivalent to 17% ownership) of the buyer. The company recorded a loss of $69,123 in connection with the disposal.