Hannover House Inc (HHSE)

[Anvil]

How does HHSE pay down $400k in debt with only $200k in PRE-Tax profit?

7). CORPORATE DEBTS / BALANCE SHEET IMPROVEMENTS - As will be seen with the OTC markets 12-31-2015 filings (and reiterated on the Form 10 / audited filings), HHSE significantly reduced its total debts during 2015 - and most notably during Q4. The reductions in debt during Q4 - cumulatively totalling over $400,000 - were from non-stock related transactions, including straight cash payments from the company's improving revenue streams. HHSE management wants shareholders to recognize the unanimous commitment to grow the company and improve the balance sheet - which is finally being completed without new dilution equity issuances.