Hartcourt Companies (fka HRCT)

[mmayr]

The company simply cannot find further financing to continue operations. That would be my guess. And their "cost for capital" would be astronomical right now if they went to lenders with a 3-4 cent share price backing them up.

The company has a history of bizarre transactions. In particular, spinning off "Pego Systems" shares as Enova, and then selling Pego Systems without the Enova shareholders getting any compensation from the sale. I can't believe that flashing red light didn't turn the lights off a long time ago.

Somebody who apparently hasn't been keeping up with HRCT made the suggestion they wanted Alan Phan to come back and serve on some type of marketing board for the company. Alan Phan cannot serve in any capacity whatsoever on any publicly listed company's Board. That was part of the final ruling from the SEC. It just goes to further show how little people remember. One way to guarantee HRCT gets shut down forever would be to get Phan involved with the organization again.

It will be interesting to see if we ever hear from this "Mr. Hu" again. It's also interesting to see how people actually believe . . .nevermind.

Peace,