David Chen was either duped by the owners of his many worthless acquisitions, or he flat out lied to all of us about how great an investment they all were.
Carrie could have been bullchitted into believing she was stepping into a great opportunity. We now know the business records had been manipulated. Auditors run for the doors as soon as they see what's going on.
Which set of records/books was she allowed to research? If any at all.
Could have been another smile and a handshake "trust us" deal. Ya know how the Chinese hold honor and integrity at the top of their priority list. lol!
With only 12 million dollars worth of authorized stock, 6 million at the customary 50% discount, she has very little to work with. If they issue any or most of the 240 million shares left to rebuild Hartcourt, then we have just that many more extremely cheap shares to absorb going forward.
Stuck between a rock and a hard spot I tell ya.
I'm guessing she's gonna cut and run in June when her contract's up.
Shoulda went with the KFC franchises..........
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