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Friday, August 19, 2016 2:22:02 PM
4). PRODUCTIONS - The financing venture with Silverline & U.K. Investors (for "AJA" and "MOTHER GOOSE") took a very positive turn this past week with the expansion of the investment capital into a much larger, revolving fund for the production and release of major motion pictures. For those that have said "Hannover House is one hit movie away from being the next Lionsgate," then having an association with this major fund may later be viewed as the seminal turning point for the Company to elevate from lower-budgeted, video-driven releases, to consistent, mainstream theatricals. We will update our shareholders as details of the HHSE involvement as distributor of multiple major features are approved for public disclosure.
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Definition: Revolving Fund - a fund set up for specified purposes with the provison that repayments to the fund may be used again for these purposes.
http://www.merriam-webster.com/dictionary/revolving%20fund
Whoa!! Huge news for HHSE. In plain English, Silverline has increased the amount of funds available to HHSE. These funds are available to HHSE on a replenishable basis for the production and release of major motion pictures. Basically, HHSE has just announced they now have the funding to build HHSE into the company they, we all desire!!!!!!!!!!!!!!!!!!
This is EPIC !!!!!!!!!!!!!!!!
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