Replies to post #2162 on Hartcourt Companies (fka HRCT)

[veritaspr]

Question #7: We have not received words from Dr. Phan recently? Is he still planning to resign by year-end?
A: Dr. Phan feels that critics have used (and twisted) his words as a focus point of vicious attack, trying to distract investors from the real achievements of the company. He will let the company vision and progress speak for itself. He hopes that shareholders would understand the challenges and the difficulties management is facing daily; but they should be comfortable knowing that he remains upbeat, focused and positive on the outcome of the final score.
While he is anxious to return to a very private life, devoting his time to charitable causes, he is determined to complete the spin-off of Hartcourt’s subsidiaries to monetize these assets for the benefit of Hartcourt and its shareholders. He still believes that he will be able to step aside by year-end as scheduled, ONLY AFTER completing above objectives.
Georgia

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[Tin-Berrygood]

Good stuff Georgia////No. 6~~IPO or reverse merger..All should qualify for Nas./Amex/ HK/ or Frankfurt.....As long as we don't repeat this OTC thing, I'll be very happy......Keep on growing and moving forward...Aloha

[mmayr]

Georgia. . .

Thank you for the response. However, isn't there some way HRCT can verify that 2 million shares are of a possible "naked short" position? Also, I'm still not sure about these IPOs. Who is HRCT consulting for information related to how the dividends can be distributed? And "if" dividends are distributed, will they be "restricted" shares? My personal feeling about restricted shares are that in the long run, they are not good for the company. Particularly in a market environment like we have today. Restricted shares will get registered with the SEC. . .and then the bashers will say that insiders are selling. It's all a bunch of crap, but it happens. So, how does HRCT intend on distributing these shares to shareholders (if that is the case)?

I look forward to the response,

Peace,

M&M Man