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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT)
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To: StockDung who wrote (1119)9/8/2000 11:01:47 AM
From: Investorman   of 2413
 
Not quite accurate. HRCT went up to $20 at the first of the year because of speculation on its business plan and momentum players entering the fray. Not unusual for stocks in this sector. It has held over $5 for quite a while now based on expectations of its potential. Almost all little companies raise capital by initially selling stock at a discount. Since mid 1999 when HRCT started on the new business plan it has not been selling stock to "offshore brokers" as you state. The 10Q and other filings reflect that. They have completed much of their initial plan and more pieces will be announced on the 21st. Its Sinobull subsidiary is producing revenue as is Streaming Asia. The company is evolving. This is a speculative stock and one should only invest in it with the knowledge that substantial risk is attached. Personally, I like it and will stick around to see how things unfold.
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