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Letter just sent to the Doc, I will post any reply I get! If this post offends anyone I apologize in advance.
Please no "sell' or "stop whining" replys, give it a rest (smile)
Hello Doctor Phan, my name is David X. Xxxxxxxx (aka, 500_and_Long) and last time I wrote you; you asked if I was one of those insect bashers. Well sir I am not! (smile) What I am is a concerned investor and would like a simple explanation on some issues near and dear to my wallet.
I've tried Raging Bull and Investors Hub but there are so many Phan supporters telling anyone with a question to sell and stop whining that open discussion is not possible. I try not to live life by viewing it through rose-colored glasses. I see what condition the market is in and should have known better than to buy into Hartcourt
(any stock for that matter) during the run-up. Alas...I did buy into what I thought was a progressive company with an energetic CEO whose word was his bond!
You personally and other Hartcourt executives/principles have been stating deals since I bought in the first time in November of 1999. What I find disturbing is the consistency of announcing pullbacks, delays and cancellations at the "last minute" or after weeks of delays with no announcement and then.... Well you get the picture (smile).
I know Hartcourt is just getting started but if you can't go on the words of the CEO then what have you left? I'm sure your intentions are honorable but these last minute announcements are giving me chest pain!
I'm a businessman (and have volunteered my services to you on more than one occasion) and need to know that time frames were well thought out with current and projected market/world economy conditions factored in.
You certainly turn a sweet phrase and are undoubtedly well educated and firmly connected in the Asian business arena. Why then are the shareholders handed last minute announcements and great sounding quotes?
You say you were an Army man (Infantry here) well if you lead men to battle only to fail with the follow through at the last minute, many would not want to follow again. Worse yet many might die needlessly.
I don't want to sell!! period... but when you invest you expect a reasonable return on your investment. I don't think you mean to only make rich those that bought at .25 and are sacrificing those that bought your words and stock above $15?
I (we) as shareholders need more than prose we need some follow through and an increased revenue stream. This is what economics tells us will increase the value of HRCT. This in turn will allow YOU to get on with the business of growing this enterprise.
I think you are to be admired for the effort to date with such little cash flow but it's time to move on and increase revenue. We are missing it, the markets for all intents and purposes have turned and HRCT needs to be moving with it. (just my opinion)
Please Doctor Phan, no more prose or quotes until we get more revenue, this is a business and you have many shareholders who need more than reasons why it did not happen on time, did not happen at all, or will probably happen in two weeks, two months, two years....?
I can't average down because I have already tied up to much in this venture, it's time to get busy and get some revenue. I'm with you (honest) this is an honest letter and not meant to bash at all. You have my permission to repost any part or whole of this letter wherever you see fit. (David X. Xxxxxxxx)
In Reply To 'ezcomngo2' on 'Hartcourt Companies'
ezcomngo..you grow up and stop trying to make everyone see things your way!
Not everyone bought at the low, so they could not sell at the high! Are you saying "tough
Shi t" to those wou had faith in the company at the $18 dollar price? Is this what the Doc
thinks?
Doc did not deliver last year (as he stated) and is now [stroking] us in the 11th hour once
more!
This is an investment and if you believe in Phan so much you ought to see this investment
fron ALL shareholder views, not just the "chosen" ones who sold to the faithful buying in at
$18!
You need to stop and look and think about ALL shareholders before you write this stuff!
GB<D<EOM
Re: Recent Letter- U gotta Love Alan's attitude...
I'm confused did Doc just confirm that SA IPO is on hold with no announced timeline???
Am I missing something here, should I get me some "Rose" colored glasses so every comment from this man looks good!
This is sure to be deleted but "REVENUE" is not on HRCT books after 24+ months???
Shares from (the who knows when) SA IPO are now going to be distributed over several years???
OK, the DOC made a statement "...But let there be no doubt about my resolution and determination to achieve the goals for 2001: to spin off our 3 assets (SA, SB, ET) and dividend the shares to HRCT holders..." So by the end of the year now, OK lets see!
Doc stated in 2000 he was resolute to get a lot of stuff done, only to make announcements in the 9th hour (or later) that things were bad all over and we would have to wait..
[looks like a pattern he is following this year also!!]
"...“ We can be destroyed but never defeated...” personally I do not want to be destroyed..JMO..
Doctor A V Phan you must produce and follow through with a publicaly held company, your personal thoughts are starting to wear a might thin... Prose is nice but a profitable forward looking company is what "I" signed up for.
(FROWN)
God Bless, David, EOM
Unbelievable..did you just say "...hold for a month or two..." like as in just two more whatever..LOL
This is just TOO funny..GB, D, EOM
SA not going to happen? is this whatl us-aol is saying the Doc said? We are no longer waiting it has been decided to stop the IPO, is this correct?
This has to be the last staw... I just went back to review how many times a HRCT press releases stated 2 more somethings 2 weeks or 2 months..
This is an investment (Long Term) OK I have waited long term18 months..
I'm afraid I have been scammed and the rest of you with me?? I don't see solid results anywhere..realy I'm trying to be upbeat.. realy I am..
I'm down tens of thousands of dollars and my family and friends are down the same and some much more..
This is bad and I don't know how we can put a positive spin on it..
I've read all the post .. oh yeh, us-aol "if you can;t stomach it get out" that's so much bullshi t...
We are talking real money here and there seems to be a pattern coming from HRCT executives..
I am looking into what a reasonable shareholder would do in this situation (not being married to the stock or the man!!) and seeking some advice..
This is just bad on so many levels that the Doc ought to be very ashamed and feeling very dishonorable...
This realy sucks ...(frown)
David, eom
Thanks Andy
GB, David eom (smile)
Why the lag in CHAG price? What with all that's happening speculation should be running rampant? LOL
GB, D, EOM
Great site but why do we have to keep logging in? Seems to get "timed" out quickly??
GB, D, EOM
Bid / Ask at 1/2 a penny..this is good! EOM
Minddoc7' on 'Hartcourt Companies'..This is B-I-G!!!!!eom
The_Free_Nebula...
Didn't Doc just say that the awarding of the dividends would be over a two year period?
I doubt that even you would not consider a sale when profitable (smile)
God Bless, David, eom
deezenutz..hmm can I do that LOL (smile) eom
deezenutz..hey deez 500 was supposed to be mine.LOL (smile)
God Bless, David, EOM
goldengate...
You talk about selling shares..
Are you selling?
GB, D, EOM
SinoKnowledge...
Thanks for the response...
No this not some big deal, but if these issues start to form a pattern of wrong information from management it could turn into one.
This is a pure stock play for me based on DD from HRCT and particalarly Doc Phan (his letter, announcements, etc)
Am I wrong in stating that there have been many delays and not many actual finalizations? What really looked like an 18 month play (and was touted so by shareholder letters) has been dragged into a three year play. Now this is fine but that is not what I had been led to believe.
God Bless, David, EOM
Not the best indicator but for the uneducated its a benchmark :(
http://www2.barchart.com/chart.asp?sym=HRCT&pagesource=texpert&data=A&code=BSTK&ov1=...
GB, D, EOM
goldengate....
Is it "your" interpretation that the wording was to avoid conflict with the Hong Konf SFC ? I don't recall reading that part.
HRCT did not finish the NASDAQ thing
The ESAT thing is over?
The merger with an American partner is still in process? with many end dates mentioned?
We are now into April with no IPO?
There are many things that did not come to pass, it's always three more months? Now it's more like three more years?
Constant delays with no real progress (hard copy) on revenue? I have a lot of stock but this pumping does it no good! (JMHO)
It does no good to debate your feelings, you can make as good an augument as anyone for your point of view. So why do you constantly challange everyone's comments?
I challenge all longs to have a frank an open discussion on all of the things that did not come to pass and those that flat out are not true! HRCT owning 50% of SB???
There are things wrong, lets discuss how they affect HRCT and why the Doc needs to focus more.
As usual I'm whining again, God Bless, David, EOM
I hear what you are saying (smile), OK!
Mark...
You are right, I think however, as in most publicaly traded companies, there is a class of shareholders who don't have the funds to cost average or even think about a defensive play (assuming they even know what that is, LOL)
Companies like HRCT should also think about defensive moves, they are (after all) inevitably accountable to ALL of the shareholders. HRCT my be Doc Phan's "Baby" but it's an investment vehicle for everyone else (I think, smile).
This is, after all America, where everything is possible with enough hard work! The markets need reforming before the "small to medium" investor can safely invest without being at the mercy of institutions, MM's and large unscupulous investors. The playing field must be leveled and it must happen soon. The cycle of "the rich get richer and the poor get poorer" is starting to really suck!
Doc Phan likes to think independently and out of the box, let him use some of that thinking for the betterment of his "army" as he like to refer to us. With only losses since our peak into the $20s it hard not be be jaded. I know, I know, it's my own choice, but a reasonable person would expect the strait "poop" from such a strait shooter as Doc Phan, NO?
As always, JMHOP
Well, I'm whining again, bye bye, God Bless, David, EOM
goldengate...
It's not a war it's stock investing for profit (hopefully, LOL) I came in as a long and now will stay long, at least through the end of the year. (See my previous post, I think I stated that??)
I am sorry for your losses but (I'm selfish and am only looking at my portfolio right now) HRCT is what I'm discussing right now!
I think we need a leader (Doc Phan) with vision, but to constantly think out load and then (hardly ever) not come through (in my opinion) is not a wise move. I would not have bought in the high teens or urged friends and family to do so also without the Doc's weekly prose/input.
I think my sentiments are valid and I think this board is the appropriate place to voice those sentiments. Folks need to know how present stockholders feel and why they continue to hold or bought in the first place. Hell I listened to you and added your comments to my research before buying. (Smile).
All of course just my whining opinion, God Bless, David, EOM
goldengate..OK..I've waited 16 or 17 months..what now eom
Bad news or not...
This is investing strait forward, if your involved with a loss and think you can make some back in another stock vs the HRCT long term affect..
I say go for it..JMHO..does not look like anytime soon HRCT will be busting a move..JMHO wish it were different right now..
If you are like me and no amount of playing the market will make up for the misdirection and lack of follow through on HRCT's part causing large losses. (for me and everyone I recruited) Then the only option at this time is a sit and wait posture.
This report could not be worse (IMHO), I have learned a great lesson with HRCT, however honorable the Doc's intentions were, the only people who paid the price were the "small time" investor who could not price average dowm. JMHO :(
In time this could be a great play but in the meantime the play is a loss and everyone needs to make up their own mind whether to trust the Doc's poetic verses anymore.
I am very disappointed in HRCT and was in fact caught up with the Doc's letters. I have learned and will be more cautous in the future. HRCT may very well turn out to be a great investment (I just got in to early) (smile)
God Bless, David, EOM
Hello everyone (smile) are there really NO bashy Insects here :)
Well on to the questions:
Am I correct in understanding that SA will not be IPO'd until the end of April?
And then it will take approximately three weeks bringing us to almost the end of May?
I know its just (probably) good business sense but since I got into HRCT around November of 1999
it has been one delay after another. I know what has been accomplished with all of the alliances and
the 50%+ purchases for stock. All I want is a chance to start getting back to my break-even point of around
$7 post split.
With the SA shares and possibly the SB abd ENTS shares and (hopefully) the two Hartcourts
merging together on the GEM (or some other Asian board) and possibly other splits that it is possible.
I hope that this process starts soon, any comments are welcome.
God Bless, David, EOM