The Hartcourt Companies, Inc. (HRCT) Message Board

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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT)

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To: SinoKnowledge who wrote (931)	5/16/2000 1:37:00 PM
From: SinoKnowledge	of 2413

It appears that HRCT now owns 50% of UAC. I pulled this directly from the 10Q. On August 9, 1999, Hartcourt and UAC Trading agreed to convert the Hartcourt loan of $200,000 into an option to purchase an additional 15% interest in UAC from UAC Trading. On May 1, 2000 Hartcourt exercised its option to convert the loan to UAC for into an additional 15% interest in UAC making Hartcourt's total investment interest in UAC to 50%.

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