Friday, July 25, 2014 5:35:43 PM
Filed on OTC Markets - 10/23/2013
3). ACKNOWLEDGEMENT OF OFFICER 10(b)5-1 TRADING PLANS - The Board acknowledged that both Parkinson and Shefte have taken steps to register a total of five-million (5,000,000) shares each for placement and holding at Spencer Edwards, Inc. The prospective sale of any of these shares is subject to the share price and volume restrictions as prescribed in the 10(b)5-1Trading Plans governing this transaction, which have been properly filed with the Securities & Exchange Commission. Both Parkinson and Shefte expressed confidence that the Company's share price could improve quickly, based on current financing and operational activities, but that the minimum price levels governing the Trading Plans will prohibit the sale of shares unless, and until, the share price improves significantly. Contemporaneously, Spencer Edwards, Inc. has agreed to begin performing some of the stock support functions attributed to "market makers" for the Company's stock.
This is the law, Rule 144
www.sec.gov/investor/pubs/rule144.htm
And to keep things real, these shares were NEVER sold.....
SEC 8k Filing 1/8/2014
Item 1.02
Termination of a Material Definitive Agreement. Hannover House, Inc. ("Company") has terminated a corporate financing agreement that had been previously entered into on August 13, 2013 with Greenwood Finance Group, LLC ("Greenwood"). The purpose of the agreement with Greenwood was to provide payables relief under a "Debt-Conversion" transaction for the benefit of qualified and eligible debt holders of Company. As a result of the termination of this agreement, a total of 6,200,000 shares of "unrestricted" stock will be immediately retired back into treasury stock of the Company, and removed from the market of issued shares. Company does not feel that the termination of this "Debt Conversion" transaction will have a materially, negative impact on current operations.
Separately, Company officers D. Frederick Shefte (President) and Eric F. Parkinson (C.E.O.) have each cancelled a previously announced and registered 10(b)5-1 Trading Plan transaction which would have facilitated the sale of up to five-million (5,000,000) shares for each officer. These shares will be converted back into Rule 144 Sale Restricted Shares for each of the officers.
http://www.sec.gov/Archives/edgar/data/1069680/000147124214000023/hhse8k182014.htm
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