The Hartcourt Companies, Inc. (HRCT) Message Board

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

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To: BradHollingsworth who wrote (509)	12/15/1999 11:10:00 PM
From: fortitude	Read Replies (1) of 2413

brad...november 18th hrct announced the ipo merge of ftl and uac and hrct into sinobull.com....it is december 16, the site has been under construction for about two weeks now... even modern technology takes time.........my guess is the site will be up within the next 3 weeks i was suprised that hrct did not stay at 17.06 for long today....i thought that we would base there for the day.... ....a little walk down at the end of the day but traded the last two hours with lots of buys at 18.06... imo...anything under 18 is a gift.... i got some yarc today...wish everything i bought went up over 30% the day i bought it...lol... a very interesting niche internet with linux connections... best of luck...do your own dd...i am biased as i am long from 34cents...... laurap LOS ANGELES--(BUSINESS WIRE)--Nov. 18, 1999--The Hartcourt Companies, Inc. (OTC:HRCT - news) today announced that UAC Online Stock Trading Inc. of China and Financial Telecom Ltd. of Hong Kong (FTL) will merge into a new entity called Sinobull.com. Also accessible by its Chinese name HuaNia.com, Sinobull.com will have the most comprehensive financial portal on the Chinese Internet in operation by January 2000. Three major American and Chinese companies have agreed in principle to be part of Sinobull.com. With existing revenues from UAC and FTL, Sinobull.com is a profitable Internet company, a rarity in the Chinese Internet industry. Sinobull.com is finalizing an underwriting agreement for an IPO with a major investment banking firm in Hong Kong. UAC operates the first and the only nationwide online trading network in China, connecting investors with their stock brokerage offices via Chinapac, the nationwide packet switched data network owned by China Telecom. UAC is the first and only operating agent of China Telecom's Chinapac system. FTL is a 16-year old financial data bank providing real-time stock quotes and financial information on all listed companies in Hong Kong. It is also the marketing agent in Hong Kong for Standard & Poor's.

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