I read the 1 page complaint, it is not that hard to understand.....
you do not hold a publically traded company and it's shareholder/owners responsible for the misdeeds of one man.
Hartcourt, the company did not do the action that warranted the civil suit, Phan the Man did. He was only a representative of the company, but not the company itself. The SEC knows this!
Do you condemn an entire state, when one man steals something and came from that state? Do you condemn an entire race, when a member of that race does a misdeed?
No way! The man is NOT the company. When this company went public, it became open for many owner/shareholders.
If Phan did the misdeed, he is the one who should pay (not only the fine and legal fees, but the restitution back to you and me both..all of us)!
If I have said anything that doesn't make complete sense and that does not have the ringing sound of Justice inside it's very words, may God judge me!
None of this is sugar coated, I'm speaking the truth!
