Hartcourt Companies (fka HRCT)

[MisterEC]

Just spoke to Jack Westfield at HRCT.

I was not confrontational at all with him. I just wanted to hear from the company directly on what was happening.

On the IPO I directed my questions. Jack said they had been dragging their feet on answering questions in hopes of an IPO approval, which has not come yet.

Dr. Phan is in Hong Kong this week meeting with YUANTA and KOFFMAN to develop a strategy for the IPO. He told me hundreds of IPOs worldwide had been cancelled out right and HRCT was not doing this. (At this time of course) HRCT was in no rush to move. While everyone is a little nervous of the markets, they felt enthusiatic on the strategies HRCT has.


Hopefully there will be a Phan mail next week at a minimum. I personally do not see the market being receptive to IPOs right now. What do you all feel?