Hartcourt Companies (fka HRCT)

[Investorman]

I originally stated that it would be a waste of time because you wouldn't believe me. NASDAQ says 12 insiders have filed to sell and provides a first sale date. You don't think those 12 guys are Chinese? LOL You think that it is just a coincidence that a couple of the 144 filers have the same name as a couple of HQ officers? LOL No Madam Cleo required here. The 144 filings are documented as well as they will ever be. The sale dates are documented on the NASDAQ site. The reason for the SEC rule in the first place is to let the general public know when insiders are selling.

What we don't know is why they are selling. If it was just one or two people we could infer a lot of things. When a lot of insiders are selling it says something else. The information is what it is.... what you do with it is your decision. If HRCT is selling for $1 2 months from now then you will have some documented facts; if it is selling for 30 cents then you will also have some documented facts. But in either case it will be too late to act on them. So do you buy or sell?