Replies to post #91033 on Hartcourt Companies (fka HRCT)

[bar1080]

as ive said about the only way to pump hrct is to see 'things' in the chart or claim the shell has value'

no business would want hrct as a shell. the otcbb has achieved a terrible reputation with investors and hrcts reputation is worse than most

[bar1080]

who wants a shell on the SECs speed dial. :)

this isnt 1998. the sec is now all over the auditors. yanking them right and left. then they go after management on sarbannes oxley.

where shady management is overseas, they lynch the u.s auditor

[Franz Beckenbauer II]

Hmm...let me think.

Sino-Canada (for example) had a net income 2008 of ~ $ 3 Mio. and Assets of ~ $ 7 Mio.

It could be right now $ 4 Mio. (net income) !??

They take the shell and bring his activa into it.

$ 4 Mio. / 386 Mio. OS = $ 0,0103 EPS x 10 (PER) = $ 0,10

Maybe they can use the Subs from HRCT...Assets would be ~ $ 10-12 Mio. ?!

Then the RS 1:50 = $ 5 (ready for Nasdaq Smaller Cap)

Sino would be worth: $ 38,6 Mio. (MC)

Steps for a Merger:

- Find a shell that is reporting
- with few assets
- do a RS
- change the name
- go to a bigger exchange (if possible)

Franz ;-)