Replies to post #92642 on Hartcourt Companies (fka HRCT)

[bar1080]

Sometimes I think "I've seen it all" in my decades of investing, but Phan's Loyalty Program should win a prize for innovation.

I presume his goal was to kick up excitement and trading volume to absorb his millions of other shares, which it certainly did. He must have laughed as "Stupid American" penny players slobbered over themselves testifying to their support of the scammy and failing Hartcourt. The free share giveaway also encouraged players to hold onto their shares... likely while he was dumping his.

I'm not aware of any other company employing such a gimmick.