The Hartcourt Companies, Inc. (HRCT) Message Board

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

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To: Investorman who wrote (2199)	1/14/2003 6:46:03 PM
From: StockDung	of 2413

LOL->"Hartcourt's "Vertical Expansion and Acquisition" campaign incorporates classic management strategies used by some of the most successful Merger & Acquisition firms on Wall Street, including Kolberg, Kravis, and Roberts (KKR) which is credited with starting the merger mania in the late 1980's with their RJR (NYSE: RN) deal. KKR financed most of its deals with private pension fund money, allowing public valuation to remain low, until the Company was ready to "spin-off" operating divisions of RJR. Hartcourt plans to use public equity (ie. Common stock & convertible debentures) to finance most of its acquisitions prior to evaluating "spinning-off" divisions into the public market (always retaining a majority interest in the holding). The Company will immediately increase shareholder value many times that of the late 1980's deals, due to the public valuation of its stock which will be based upon the valuation of its wholly owned operating subsidiaries. In addition, once an operating division is partially sold into the public market via an IPO (initial public offering), shareholder value will increase once again."

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