hrct did similar deal in december 2006. stock plummeted in months afterward >>> 'placement consists of 3,709,118 shares of the Company’s common stock at a purchase price of USD 0.068 per share for total gross proceeds of USD 252,372' <a href="http://www.sec.gov/Archives/edgar/data/949427/000101968706002956/hartcourt_8kex99-1.htm" target="_blank">http://www.sec.gov/Archives/edgar/data/949427/000101968706002956/hartcourt_8kex99-1.htm</a>