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Tuesday, December 16, 2014 10:43:27 PM
No big mystery or surprise here folks. Like most (if not all) business, HHSE has Costs for Product, before HHSE Collects the Revenue for said Product. HHSE might have $1M+ Costs for $4M+ Future Revenue. Clear GROWTH.
For the informed, unbiased, that know what they are looking at, HHSE is experiencing GROWTH vs Dilution. HHSE being the transparent company they are, explained this Growth today via 2 different forums below. HHSE BLOG in purple, and HHSE 8-K in blue.
HHSE BLOG:
a). Company is in receipt of over $1.1-mm in video preorders for February titles. Manufacturing and shipment of these requires access to capital in the form of purchase order financing, accounts receivable financing or factoring - none of which could be finalized until the National Bank of California matter was resolved.
b). Company needed to expedite a payment to Fantastic Films Intl., Inc. matter to avoid a default of the settlement agreement; with only a minimal amount of interest still due, allowing the settlement to default would have been detrimental.
BLOG: Form 10,8 Filings, TA, New Studio Labels:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109109549
HHSE 8-K:
a). JSJ Investments - Hannover House, Inc. (“Company”) has entered into an agreement with JSJ Investments for the purchase of qualifying, aged debts, including an allocation of revenues for the Fantastic Films, Inc. obligation, and a payment to the National Bank of California to commence a mutually agreed and beneficial settlement structure. While it was the Company’s preference to defer any such transactions until after S.E.C. Edgar publication of the Company’s Form 10 Registration, the creditor pressures from the above two beneficiaries mandated the immediate closing of this transaction. In consideration for the funding of $108,000 by JSJ Investments, the Company authorized the issuance of 8,974,359 shares of Common stock and a promissory note for $38,000 due in June, 2015.
8-K: Form 10, Debt Retirement, Supplier Studios, BOD:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109129845
HHSE
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