Replies to post #779 on Hartcourt Companies (fka HRCT)

[Investorman]

There is a lot more internal wrnagling going on than most are aware of. Dr. Phan is aware of the need to IPO SA whether it is a good time to do so or not just to establish credibility. Yuanta would like to wait a while for a more positive trend in the markets. A variety of large shareholders have made their opinions clear and those range all over the board from doing the IPO immediately to waiting until fall. From what I gather HRCT management (except Dr. Phan) is stalling just a little in the hope that the markets will start to turn in the very near future. The SA IPO is ready to go.... it is just a matter of timing and agreement. The recent addition of an outside director with excellent credentials was the last important step.