Hartcourt Companies (fka HRCT)

[lugan]

A 2nd meeting will take place in about a month in Shanghai. It will basically be a formality that acknowledges passage of the the management's proposals once the proxies are in hand.
David Frazee, our lawyer with Greenberg Traurig, explained all this at the beginning of the meeting and noted that "this is not an uncommon occurence."
As to Jump, their numbers were posted and showed rising revenues and sales over the last 4 years. If HRCT gets a significant portion of the company, we will be in a very good position to head on over to Nasdax. Carrie is very focused on this and expressed confidence in the acquisition. She noted that Jump is one of the few Chinese network security companies that has licenses to "all 4 tiers" of Chinese government operations. This was perceived as a very significant advantage to future growth.
More later.