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


To: Investorman who wrote (1612)11/29/2000 9:07:51 AM
From: StockDung  Respond to of 2413
 
Go Call, Inc., a Delaware corporation (the "Company"), together with
its wholly-owned subsidiaries, Go Cash, Inc., a Turks and Caicos corporation,
and Go Call Canada, Inc., an Ontario (Canada) corporation, (collectively, the
"Company") is principally a provider of services to businesses engaged in
electronic commerce on the Internet ("E-commerce"). Such services include
research and development of E-commerce technology, management, marketing and
long-range planning. The Company also has approximately a 92% interest in
Country Star Restaurants, Inc., a Delaware corporation, which operates a country
music theme restaurant in California.
tenkwizard.com



To: Investorman who wrote (1612)11/29/2000 10:12:17 AM
From: StockDung  Respond to of 2413
 
"I know you are greatly disappointed to hear that HRCT will not be trading with an "E""

CHEERS CHUMP-E

HRCTE
Exchange: OTCBB
Delay: at least 15 minutes
Last Price: 1.031 at 9:52 EST
Change: Not Available
High: 1.125 at 9:30 EST
Low: 1.031 at 9:48 EST
Open: 1.125
Previous Close: Not Available
Volume: 19,000
Currency Units: US Dollar

Confirm all data with your broker or financial advisor before trading.

Data by: S&P ComStock



To: Investorman who wrote (1612)11/29/2000 10:30:41 AM
From: StockDung  Respond to of 2413
 
Note 5. Litigations
Charles E. Hogue vs. Hartcourt, Circuit Court of the Ninth Judicial Circuit,
Orange County, Florida Case No. CIO-2190
The litigation concerns a claim filed on April 8, 2000 against
Hartcourt for breach of contract for alleged fees due to Charles Hogue
("plaintiff") for introductory services. Such fee was set as a percentage of the
transaction contemplated and a check of $40,500 for payment in full thereof was
tendered to the plaintiff which the plaintiff refused claiming sums far in
excess of those agreed to. Hartcourt's legal counsel has interposed a motion to
dismiss the suit which is pending before the court and is confident of success
in disposition of this matter.
ComericaBank of California ("Comerica") vs. Enova. Et al. Superior Court of
California, County of Los Angeles, California. Case No. BC 221 594.
This litigation concerns Hartcourt's alleged obligation as an alleged
guarantor of another entity's ("Pego") alleged obligation on a promissory note
that is asserted to be in non-financial default. The plaintiff in that matter
may be the subject of a cross-complaint by Hartcourt, which will depend on the
evidence disclosed by documents Harcourt has demanded be produced. The complaint
alleges that Harcourt executed a guarantee of obligation of Pego (approximately
$925,000) which obligation went into non-financial default. Pego expects to be
able to settle with plaintiff and such settlement will eliminate Hartcourt's
liability. The prospects for the success of those settlement negotiations, as
well as the approximately range or amount of any potential loss by Hartcourt,
are uncertain at this time.
American Equities, LLC v. Hartcourt, Los Angeles Superior Court:
American Equities alleges that they are entitled to further shares
pursuant to an anti-dilution clause contained in a warrant certificate. The
Company disputes such an assertion, and trial is scheduled for March 2001.
The Hartcourt Companies, Inc. v. American Equities, Sherman Mazur, Reid Breitman
and Corporate Financial Enterprises, Inc., Los Angeles Superior Court Case No.
BC 237 714:
The Company is seeking to rescind certain consulting agreements and
warrant agreements with American Equities, LLC., on the basis that American
Equities, LLC and its principals, Sherman Mazur and Reid Breitman, failed to
disclose Mr. Mazur's felony convictions and voluminous bankruptcies of his
former real estate limited partnership entities and therefore fraudulently
induced the Company to enter into such agreements. The Company is also seeking
to rescind various stock issuances based on the failure of American Equities,
LLC and Corporate Financial Enterprises, Inc. to pay the promissory notes upon
which such shares were issued. This litigation has only recently commenced.
F-23<PAGE>
The Company is party to various claims and legal proceedings arising
out of the normal course of its business. These claims and legal proceedings
relate to contractual rights and obligations, employment matters, and claims of
product liability. While there can be no assurance that an adverse determination
of any such matters could not have a material adverse impact in any future
period, management does not believe, based upon information known to it, that
the final resolution of any of these matters will have a material adverse effect
upon the Company's consolidated financial position and annual results of
operations and cash flows.

northernlight.com



To: Investorman who wrote (1612)11/29/2000 10:32:02 AM
From: StockDung  Respond to of 2413
 
"Sherman Mazur and Reid Breitman, failed to
disclose Mr. Mazur's felony convictions and voluminous bankruptcies of his
former real estate limited partnership entities and therefore fraudulently
induced the Company to enter into such agreements"

Hey CHUMPS, Dr. Phan ever hear of a background check?

HO HO HO HE HE HE

CHEERS CHUMPS!!



To: Investorman who wrote (1612)11/29/2000 1:43:02 PM
From: StockDung  Read Replies (1) | Respond to of 2413
 
89 cents CHUMPS, repeat after me: "I M SOFA KING WE TOD ED.
"

CHEERS CHUMPS



To: Investorman who wrote (1612)11/30/2000 1:13:58 PM
From: StockDung  Read Replies (1) | Respond to of 2413
 
Hey CHUMPS, How is your day going? Could not help but notice that Hartcourt was sued first in this law suit. Seems you told me that Hartcourt was suing them but neglected to tell me that they were suing Hartcourt.

Remember CHUMPS, always buy low and never the other way around.

CHEERS CHUMPS!!

American Equities, LLC v. Hartcourt, Los Angeles Superior Court:
American Equities alleges that they are entitled to further shares
pursuant to an anti-dilution clause contained in a warrant certificate. The
Company disputes such an assertion, and trial is scheduled for March 2001.
The Hartcourt Companies, Inc. v. American Equities, Sherman Mazur, Reid Breitman
and Corporate Financial Enterprises, Inc., Los Angeles Superior Court Case No.
BC 237 714:
The Company is seeking to rescind certain consulting agreements and
warrant agreements with American Equities, LLC., on the basis that American
Equities, LLC and its principals, Sherman Mazur and Reid Breitman, failed to
disclose Mr. Mazur's felony convictions and voluminous bankruptcies of his
former real estate limited partnership entities and therefore fraudulently
induced the Company to enter into such agreements. The Company is also seeking
to rescind various stock issuances based on the failure of American Equities,
LLC and Corporate Financial Enterprises, Inc. to pay the promissory notes upon
which such shares were issued. This litigation has only recently commenced.

freeedgar.com