Hartcourt Companies (fka HRCT)

[lucky5ive]

If that concerns you that much I'm sure you know how to contact the SEC...

I'm confused on your statement that the building licenses comprise a major portion of Hartcourts assets??..From the e-mail the Building Licenses belong to the sales agents..We can assume they have a value as Mr. Hu of Beijing Yanyuan was willing to lend the agents the monies and accepted their pledges as collateral..Another fact if you read the e-mail those loans were given prior to the private placing of the $800,000..If you analyize that it means they were willing to invest the $800,000 knowing about the loans..