Replies to post #60052 on Hartcourt Companies (fka HRCT)

[brdsng]

don't disagree, am sure it was done to save the company. it is what it is.

[commoname]

M2jeb...

You may be entirely correct regarding your comments about HRCT'S lawyer at the time of the infractions..BUT...I do remember the day the news broke and Dr. Phan's comments at the time....He intimated that he had recourse against his lawyers ,suggesting of course , that he conferred with them and the transactions were approved...Now , what's interesting here is that DR. Phan was , I believe, named as an individual as well , of course , as representing the company making HRCT liable as well as himself personally....
Now , it's this personal culpability that may well stand in the way of an immediate closure...Right now, I would guess everyone is playing musical chairs...Once everyone is seated , it will end...

[500_and_Long]

" It appears that Phan cooked up the deal to try and save the company he loved and did not benefit himself."
This is just your opinion, right?
David