Hartcourt Companies (fka HRCT)

[traderbob]

Here is the 8K:

Form 8-K for HARTCOURT COMPANIES INC


--------------------------------------------------------------------------------

24-May-2010

Other Events



Item 8.01.Other Events
Amanda Zhang, the former Vice President, violated the company's bylaw in many aspects and misused the title of Vice President though knowing the fact she was not the Vice President of Hartcourt since May 4 2010. The company will claim the losses and damages caused to it by Amanda's improper behavior.

According to the comments of SEC for the transaction with Sino-Canada, Sino-Canada was obliged to provide its audited financial report of 2009 to satisfy the inquiry of SEC. Sino-Canada failed to deliver audited financial report to Hartcourt, which caused the company incapable to reply the comments of SEC. The company foresees that the transaction with Sino-Canada will be terminated for the breach of representation and warranty on the Sino-Canada side. The company will claim the losses and damages caused to it by the breach of agreement on the Sino-Canada side.