Clients of Magna Group and Hanover Holdings

[Srchn41]

I agree that we should see another 8K at any time now. I suspect that Hanover is at least partially responsible for the PPS decline here. At the current O/S of 120M, they aren't allowed to hold more than about 12M of the 31,600,000 they have been issued so far. So that means a 20M share dump plus an additional dump to stay under the 10% O/S threshold when they get the next payout on the coming 54M shares left at the current VWAP.

There is an off chance that Hanover will decide to temporarily forgo collecting the shares due to them. I read somewhere in the filings that Hanover can request that SVFC hold shares due so that they can avoid selling at a PPS they don't like in order to stay under the 10%. If this were to happen, I would take it as a good sign that the smart money is on a much higher PPS in the short term. JMO.

Right now I'm holding tight and waiting for a PPS increase. I'd love to add here but I'm tapped out right now. I might gamble a flip if we get back to 5 before the Hanover 8K. I think the next Hanover 8K is going to freak out a lot of people who are convinced Hanover is all done. I suspect another share dump then.


On another subject I nearly forgot. I finally heard back from Anna Rhodes of SVFC yesterday. She was unfamiliar with the specifics of the Hanover deal, but she promised to pass on all of my e-mail questions to others who could answer them. I'm waiting to hear something.

BTW, she confirmed to me that she and Victor are quite familiar with iHub and read the posts on the SVFC board. She wasn't specific but indicated her displeasure with certain "irresponsible posters". Wonder who that could be? LOL!

GLTY Lawrence