metoo, I believe that it is important to acknowledge the bad (or dismal, in this case), or else it is not possible to evaluate the actual and potential value of an investment.
All I can say is that it is necessary to read this latest 10KSB filing from front to back and understand it thoroughly. This is your best opprtunity to understand the company, because the law requires that it state in black and white how it has been operating. It can be entertaining and/or potentially informative to trade accounts regarding what is stated at informal shareholder meetings or on bulletin board threads such as this one. But treat that type of information for what it is: HEARSAY---nothing more.
I am a shareholder in HRCT. But I will not intentionally try to make myself into a fool. I do a good enough job of that unintentionally. I would be a fool if I simply mouthed the good message and blew sunshine you know where. At times, the latter role appears to be the job of the former CEO. On the other hand, I would like to think that he has access to more information that we are privy, and therefore must do what he can to share his vision of where we're going.
If this forum is to be of any value, we have to be honest about the company in which we have invested. As I stated over the weekend, I have learned that I must discount information released by the company by a factor of 50% to 75%. This filing confirms the necessity of that approach.
Over the past year and a half, we have spent a lot of time on the RB thread spinning shimmering images of the glory that will be the Empire of Hartcourt. We have taken the company's stated intentions and executed them brilliantly in the theaters of our minds. Unfortunately, the value of the company's stock is not based upon fictional realms. The business plan must be executed in the real world. I think that we would be a lot better off if we let the company execute its plan and focused our attention on the record of what is, not the dazzling notion of what we would like it to be.
I am still an investor in this company because even after I have discounted company-released information, I like the 25% to 50% that I am left with. But I will not be party to a conspiracy of happy talk that in fact works to make victims of us all. We all want to hear and believe the best. If we do not guard ourselves against this tendency, then we will willing victims. And there is a funny thing about willing victims, victimizers are very good at finding them and turning them into what they are so well positioned to become.
Think about the psychological effect that a basher has. We all understand the fear, uncertainty, and doubt aspects of their work. But do we understand the way they attempt to blind and distract? By attacking, they prompt people to make vigorous defenses. If you are busy defending and attacking back, what are you not doing? Staying in touch with the reality of your investment. If we cede the skeptical space to the bashers, then we have ceded a large part of the value our community can offer.
Do you think that they did not understand the reality that would become clear in this filing? Do you think they did not time their strategies accordingly?
That's OK, if you feel they didn't. But simply consider the possibility that they did.
Think about it.
And then consider what we want this forum to be.
Da!
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