Hartcourt Companies (fka HRCT)

[Hobbescks]

The following is the information I was referring to in my previous post that prompted me to ask my question as to if anyone on this Board could speculate and/or support a reason for such a large sell-off by the company's leading stock-holders: 1)could simply be to move some capital around OR 2) perhaps Foresight of the company being in financial straights --> simply a question concerning the local buzz about the stock. However it appears from today's gains that the "buzz" is on a positive note. GTEC was mention only as a piece of background info. GTEC or Genesis Corp is also a liaison for China-America business relations.



Activity (All Holdings)
Last 10 Insider Actions for Hartcourt Cos Inc Full-text of insider filings at SECInfo.com
Date Name Shares Stock Transaction
02/19/2004 ZHU JIANPING
Shareholder 1,937,660 HRCT Proposed Sale (Form 144)
estimated proceeds of $1,104,466.19

02/19/2004 LUO MEIFANG
Shareholder 925,800 HRCT Proposed Sale (Form 144)
estimated proceeds of $527,706.00

02/19/2004 LI ZHENG ZHENG
Shareholder 2,630,420 HRCT Proposed Sale (Form 144)
estimated proceeds of $1,499,339.39

02/19/2004 LI XIAO QUN
Shareholder 639,803 HRCT Proposed Sale (Form 144)
estimated proceeds of $364,687.71

02/19/2004 SHI QUN
Shareholder 1,000,890 HRCT Proposed Sale (Form 144)
estimated proceeds of $570,507.30

02/19/2004 JIANG MEILING
Shareholder 228,240 HRCT Proposed Sale (Form 144)
estimated proceeds of $130,096.80

02/19/2004 YAN GUOGIANG
Shareholder 652,230 HRCT Proposed Sale (Form 144)
estimated proceeds of $371,771.90

02/19/2004 Q JIAGI
Shareholder 667,500 HRCT Proposed Sale (Form 144)
estimated proceeds of $380,475.00

02/19/2004 ZHANG HUI
Shareholder 1,937,660 HRCT Proposed Sale (Form 144)
estimated proceeds of $1,104,466.19

02/19/2004 SANG YI
Shareholder 1,300,060 HRCT Proposed Sale (Form 144)
estimated proceeds of $741,034.19