The Hartcourt Companies, Inc. (HRCT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: early player who wrote (1118)	9/8/2000 7:58:03 AM
From: StockDung	Read Replies (2) of 2413

HRCT did go up to $20s not because of the fundamentals or the favorable business environment, but because of pumping and dumping by unscrupulous individuals. If you had read its 10q and 10k statements, you would have discovered that the company kept selling the stock to offshore brokers at wholesale prices. They, in turn, sold the stock to gullible investors at the retail price. The auditor also put a going-concern qualification in HRCT’s1999 financial statements. Anybody who has taken ECO101 would realize that the cycle could not continue. Issuing more new shares will deflate the value of all the existing outstanding shares. Because the company incurs heavy loss every quarter, it has no choice but keeps issuing new shares in order to pay bills. The bubbles will be burst soon. I advise you to have your post deleted since you are implying that I am paid for posting. I am not. I have a very good lawyer and starting legal action against you for slander will be easy. I expect a apology. Do ya feel lucky?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next