Replies to post #8453 on Hartcourt Companies (fka HRCT)

[daddycool100]

I too am very dissapointed about HRCT blowing off the spin off shares of the other companys..That promise was dangled in fron of us like a carrot when HRCT was flying high..That was the main reason i never sold to take some off the table was that promise.Same on me Mr Greedy.HRCT should have never promised something they could not deliver..I guess they call that (IPFLS)Inaccurate Positve forward looking statements.
DC100

[n-tres-ted]

Dr. Ching acknowledged after the Los Angeles meeting that Dr. Phan had stated spinoff company shares would be distributed to HRCT shareholders. However, he said the HRCT board must consider what is best for the company business plan at present. That is why they have determined (for the present) that the spinoff shares will not be paid out as stock dividends. A shareholder at the meeting stated very directly (and politely) that he had bought shares on the basis of his belief that the dividends would be paid, very much the same as your statement. But that is where it stands, as I understand it. JMO