Hartcourt Companies (fka HRCT)

[Investorman]

My question was actually rhetorical since I know what is going on..... I just don't like it.

1. The note was actually for $1.5 million
2. The 15 million shares (now 1.5 million) are where?
3. The chances of anything ever being paid on that note are low at best and I would put my money on nothing ever being paid. Auditing firms don't write down collectables unless the chance of their being bad notes is substantial.
4. This will affect ETLK shareholders since the remaining $500,000 will have to be written off at some point not to mention the credibility gap it will cause with ETLK. All of these things affect the potential for the stock.