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Friday, October 24, 2014 2:23:19 PM
a). RETIREMENT OF TCA-REDWOOD VENTURE –
The Company was informed that Redwood Management exercised their final authorization for debt-to-share conversion in the TCA matter, and received a final issuance of 2,423,221 shares of HHSE stock. This issuance to Redwood completes their right to convert the TCA debt to shares, and closes the settlement transaction which had been executed in July. Hannover House does not have any other plans to create new “debt-conversions” at this time, and management has pledged to shareholders to refrain from such activities until after the filing of the Form 10 Registration, or to refrain from such debt-conversion activities in general in respect of the anticipated PPS growth and alternative financing opportunities which are expected to occur following the filing of the Form 10 Registration statement.
FILING: Medallion Releasing, TCA-Redwood, "Sunday" Premiere, "Goose" Schedule:
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