Hartcourt Companies (fka HRCT)

[bar1080]

SEC >>> 'materially deficient in explanation or clarity.' hrct provides almost no explanation of those massive <<and growing>> loans to 'sale agents' 'secured' by 'building licenses'

EXACTLY what are hrcts options if the sales agents default?
- is there full personal recourse against the agents?
- how credit worthy are the agents?
- how did the agents spend/invest the money?
- why arent the agents named?
- why are the loans rising when business seems to be falling?
- what are building licenses (and why aren't they mentioned in newer filings)?
- how valuable and liquid are those licenses?
- have the licenses been appraised professionally?
- who approved the loans? (that could be big)
- if hrct had to go to court how would they now finance the litigation?

read the new sec policies on reviewing public filing every three years at minimum >>>

http://www.sec.gov/divisions/corpfin/cffilingreview.htm