Hartcourt Companies (fka HRCT)

[bar1080]

No pro ever fell for hrct. HRCT's first filing was one huge red flag starting with Regis Possino's name. The names of several other soon-to-be-notorious scum bags appeared too.

By the time hrct started filing, it had already gone into several fields, real estate, smokeless cigarettes, pens.

Real internet start-ups DON'T own gold mining interests (a gimmick to inflate the reported assets)

Real startups don't often use offshore subs, although Enron and certainly AIG did.

Real startups are usually incorporated in their own state, not Nevada or Utah

Real startups don't use reverse splits to go public.

Real startups don't own a portfolio of "marketable securites" which turned out to be other crap penny stocks.

I could probably add ten more HRCT red flags from the first filings if I had the time