Hartcourt Companies (fka HRCT)

[Penny_4UR_Stocks]

Not sure who submitted question #9 below, but please consider contacting Tin by P/M and retracting it. It’s just taking up valuable real estate on the Q & A.

[ 9. Is it possible that HRCT can pursue an SEC settlement of some kind any earlier than the March date given in the June Q&A? Are the HRCT attorneys out of options until March? ]

I'll answer it with some basic logic and Negotiation 101. It’s possible that an asteroid can hit the earth prior to March, but not at all likely. If HRCT were to aggressively pursue a settlement prior to the case, would they be likely to expose such intent publicly? They have indicated publicly that they are not guilty of the charges. Funds to handle a potential adverse verdict have already been set aside.

There are always options prior to March; however, I believe based upon their past performance and public communications that it is likely that they will choose to defend their character and pursue a trial unless a settlement offer is advanced by the SEC that is absolutely TOO compelling to ignore. There is a real cost associated with lengthy litigation and HRCT would be likely to make judicious business decisions in the best interests of the shareholders.

Not an attack on anyone for posting the question, just think we need to post questions which can be answered publicly by HRCT and advance the knowledge on the board.

P4URS