Hartcourt Companies (fka HRCT)

[MisterEC]

The company must make regular reports to the SEC.
"In January 1999, the NASD announced that they would be delisting about 3,400 OTCBB companies that weren't "reporting" to the SEC. The delisting will start in July 1999. The companies will be delisted by trading symbol starting with AA. The last of the companies will be delisted in 2000.

The NASD advises that "non-reporting" companies can become
reporting companies by filing a Form 10SB with the SEC. It will cost the
non-reporting company over $100,000. I suspect that few non-reporting
applicants will get their "Effective" letters before they are delisted." http://www.streetdirectory.com/travel_guide/163204/credit_matters/non_reporting_shells.html

All companies quoted on the OTCBB must maintain at least one registered market maker (see FAQ #14) to remain on the OTCBB. The issuer can’t voluntarily withdraw from the OTCBB, but when the last market maker withdraws from the stock, it is removed from the OTCBB after 4 days pursuant to Rule 15c2-11.

http://blog.redchip.com/index.php/market-knowledge/otcbb-delistings-and-rule-15c2-11-what-happened/

With a spread of .001 x .0016 this one is trading less and less.
http://ih.advfn.com/p.php?pid=historical&symbol=HRCT

Since May 31st, the largest dollar volume has been $1,155.

Soon you know