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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (392)	12/9/1999 3:51:00 PM
From: DDInvestor.com	Read Replies (2) \| Respond to of 2413

REPRINT: Dr. Phan Letter from 12/2 (I thought we could use a taste of the truth here from an individual who is working hard for a POSITIVE cause.) Letter from Dr. Alan Phan to all HRCT shareholders: December 2nd, 1999 Dear Shareholders: It has been a wild week for Hartcourt. While you are sitting in front of the computer, watching and cheering the HRCT scores, I have to deal daily with 9 pending acquisitions, 4 strategic partnership proposals, 3 underwiting negotiations, 2 attempted buy-outs, all in the midst of the search for CEO and CTO, the completion of paperwork for NASDAQ application, the start-up of the Sinobull.com portal as well as the Innostar project, the listing of Enova shares, the contracts with the new auditors and P/R firms, the year-end SEC reports, the management supervision of UAC, FTL, Pego, the meeting schedule of my China trip and the break-up with my girlfriend. I wish I could have some time to watch the HRCT game like you. However, the good news is all above will get done by January 15th, 2000. As agreements are signed, news will be released, Hartcourt will march steadily forward and nobody can stop us. Your strong support makes the Hartcourt team the best there is. I have read all of your Emails, and the most frequently-asked questions are: what will I bring back from the coming China trip, when will we be listed on Nasdaq, how many shares of Sinobull IPO can you buy, how do we deal with new post-WTO competitors, will we sell out to the big boys and will I bring a new girlfriend to the January party. Two questions I have to ignore are: when is the next news release and what the share price is going to be by 12/30/99. 1. China Trip: The objective of my China and Hong Kong trip is to sign agreements with powerful Chinese companies who have agreed to be our equity partners in the Sinobull.com IPO. Their participation will help bring in the biggest investment banker in Hong Kong to underwrite our IPO. A well-known American company will also be on board once the Chinese partners' agreements are in place. These are the final pieces of the IPO puzzle, which will clarify why the $500 Million value of Sinobull.com is extremely modest. 2. IPO Shares: We have also requested the above banker that we would like to reserve a portion of the Sinobull IPO shares for our existing shareholders. The Board of Directors will decide the cut-off date and every shareholder of records will get the proportional shares of the IPO according to the size of his or her HRCT holdings. 3. NASDAQ Listing: Our attorney is preparing for the application to list on NASDAQ National Market System. We are qualified now, and we should submit it by December 20th. 4. WTO And Competition: As I have mentioned before, we are ready for the challenges from any competitor. However, we still have a two-year headstart, considering the slow political process of WTO approval, the difficulties in finding the right Chinese partner and the complicated bureaucratic structure of business licensing. We will dominate the market before somebody shows up at the door. 5. Selling Out: I am here to turn Hartcourt into an Internet empire, not to make a few millions. However, you might have different goal. I guess if Bill Gates starts handling out $100-bills, I will be the only one left in Hartcourt. So let's be realistic. The Board will consider any offer which would make sense to the majority of the shareholders. Right now, it is above $50. One year from now, maybe $200. And you will make that decision yourself. 6. Other matters: The new Webmaster promised that the new Website will be up and running by Dec. 6th. The Enova shares must wait for the SEC approval of the Form 10. The PR campaign will be much stronger in December and January with the addition of two new firms, one here and one in Europe. The January 15th party is still on, no matter what happens with Y2K. The new girl friend is still being priced at Ebay. Life is wonderful, and everyday in Hartcourt land is a Christmas day. We are excited, grateful, studious and focus. December will be the most memorable month for Hartcourt. Nice guys will finish first. Sincerely, Dr. Alan V. Phan Chairman & CEO DISCLAIMER DDInvestor.com is not a registered investment advisor. HRCT has retained DDInvestor.com LLC for a period of six months to assist it in becoming more widely known to the investment community. See the full disclaimer at: ddinvestor.com To receive updates from DDInvestor on HRCT as well as our other profiled companies, sign up for our mailing list at: ddinvestor.com or email us at HRCT@ddinvestor.com View a full profile on HRCT at our site: ddinvestor.com