Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
IMHO, there are a lot more people who have accumulated and are holding than dumping! They do not dilute and this a very viable business. The PPS will eventually follow.
One of great things company has going for it.
MERCHANDISE!
GO IDLM!
I am glad I bought those shares off you. They will be worth a lot more imho.
This company has a lot going for it.
I was happy to buy them then and I am happy to buy them now. The shares I buy now are at such a much greater risk/reward too.
Thanks for the shares.
Go IDLM
Small bid whacks down are someone's attempts at showing weakness (and a not good one at that imho because they are small dollar bid whacks). THIS IS NOT GOING SUB PENNY IMHO. There are too many of us who have accumulated a lot of shares and are not selling them. Personally and IMHO, I know I am in the right stock when I see a lot of IDLM Where Good Money Goes to Die Posts. Negative posts imho always tell me that someone wants in really bad. They don't dilute or do the stinky pinky promos. This is a great stock to own and will reap big rewards eventually IMHO.
IMHO, someone trades like this to gather more shares in the long run. They want to accumulate as many shares as possible on the cheap, even to the point of selling some of their shares to show weakness ( to accumulate more cheap shares than they sell). I hold a lot of shares and am not selling at this low price. I also know a lot of others who own significant share amounts and they are not selling at this price. IMHO, someone does not want this to climb and you will see statements posted that this stock is going sub penny or is the worse stock to own. IMHO, there is not a chance this is going sub penny as the person trying to accumulate wants you to believe. Make sense? This is how I see it.
IDLM, WHERE PATIENT INVESTORS CAN EVENTUALLY REAP BIG REWARDS IMHO
And the shares are being gobbled up
IDLM, WHERE PATIENT INVESTORS WILL REAP FINANCIAL REWARDS
VERY Seriously doubt we will see a lot of shares being unloaded under 3 cents and definitely under 2 cents. My DD and recent communications with management also tells me that we will be rewarded nicely, even off the shares I bought in the low 30s.
I have no worries. Since the PPS is down here already, I am not worried at all that it will fall further.
LOW VOLUME DROPS WILL NOT PHASE ME AT ALL. I AM LOCKED AND LOADED WITH A LOT OF SHARES.
IDLM, WHERE PATIENT INVESTORS WILL REAP VERY NICE PROFITS!
IDLM is not going lower imho. Datpiff is worth a lot more than where we are at now. We WON'T be seeing this drop below 2 cents. IMHO, anyone who claims it will is just looking for cheapies IMHO.
IDLM, WHERE PATIENT INVESTORS WILL BE REWARDED!
There is ALSO nothing in the TOS that says you cant post falsehoods in an attempt to manipulate buying to the DOWNSIDE. People are allowed to post whatever they like to entice SELLING.
MANIPULATION CAN GO BOTH WAYS IMHO.
IDLM, WHERE PATIENT INVESTORS WILL HAVE A NICE PAYDAY!
VERY Seriously doubt we will see a lot of shares being unloaded under 3 cents and definitely under 2 cents. My DD and recent communications with management also tells me that we will be rewarded nicely, even off the shares I bough in the low 30s.
I have no worries. Since the PPS is down here already, I am not worried at all that it will fall further.
LOW VOLUME DROPS WILL NOT PHASE ME AT ALL. I AM LOCKED AND LOADED WITH A LOT OF SHARES.
IDLM, WHERE PATIENT INVESTORS WILL REAP VERY NICE PROFITS!
SUB,
Very seriously doubt we will see a lot of shares being unloaded under 3 cents and definitely under 2 cents. My DD also tells me that we will be rewarded nicely, even off the shares I bough in the low 30s.
I have no worries. Since the PPS is down here already, I am not worried at all that it will fall further.
Chop
500 share small volume walk down. Classic. This strategy very well could be orchestrated by someone who wants to accumulate cheapies imho. THE STOCK PRICE WILL NOT GO BELOW 2 CENTS IMHO. So much bad news is baked into this stock. They DO NOT dilute and there is a VERY viable business, DATPIFF.
IDLM, WHERE PATIENT INVESTORS WILL EVENTUALLY REAP BIG REWARDS.
GO IDLM!
IDLM, WHERE PATIENT INVESTORS CAN EVENTUALLY REAP BIG REWARDS IMHO
With all due respect, I am still very happy that I bought all those shares from you. Sometimes people are lucky timing the market. Sometimes not. I truly believe that your former shares will lead to a very profitable return on investment for me.
Like I said, small volume walk downs are no indication of where this stock ultimately ends up. This stock will eventually go higher imho.
IDLM, WHERE PATIENT INVESTORS CAN EVENTUALLY REAP BIG REWARDS IMHO
No reason why this can't happen to IDLM. IDLM has employees and a viable business too.
http://money.msn.com/top-stocks/post--mysterious-penny-stock-soars-and-no-one-knows-why
IDLM is not going lower imho. Datpiff is worth a lot more than where we are at now. We WON'T be seeing this drop below 2 cents. IMHO, anyone who claims it will is just looking for cheapies.
I'm still here with all of my shares. I'm the one that gobbled up tons on the last run in the 30s too. I am still thinking these are the darkest days and we will be rewarded. I have absolutely no idea regarding timing either. Just my gut feel. Selling down here does not make any sense, even given the lack of communication.
I agree with you common cents. I still hold over a million shares and I am the one that bought up shares when they were selling in the 30 cent range. I don't post much lately. I have patiently held this bad boy because a look at valuation alone tells me it is very undervalued. I was never happy about the silence. I am happy with the recent climb upwards but we are nowhere near to fair valuation imho.
I haven't sold one share and I am the one that bought shares from Mikey in the 30s. I still think those will pay off big. I have nothing to go on but the belief that their properties still have the ability to be very profitably monetized.
I will patiently wait and understand those who are growing weary. I still believe that this company is a diamond in the rough and we will have our day in the sun.
Thank you Wadi for bringing this stock to my attention in the first place. Once they are registered and news hits, I think it is a very quick ride up to the 30s again imho.
Good luck to all. Remember that stress is not good for the soul.
Hannover BLOG!
http://www.hannoverhousemovies.blogspot.com
TITA on Netflix, Zombie Warz in REDBOX
More $$$$$$$$$$$$$
Go HHSE
Hannover BLOG!
http://www.hannoverhousemovies.blogspot.com
$HHSE is Very TRANSPARENT
BLOG post: Q&A on.multiple.issues.from.HHSE.Shareholders...
Greetings HHSE Friends & Shareholders. Over the past two weeks, we have received a high volume of emails and inquiries from Shareholders, friends and followers with some questions recurring and needing to be addressed. Listed below are the top 10 current questions for HHSE management, and the answers as to their status, etc...
1). Are the Q1 results ever going to be released?
A: Yes, promptly.
2). Will the release of Q1 results enable the OTC Markets "Yield" sign to be removed from the stock listing?
A: Yes.
3). Is the company ever going to release two-years of financial audits so that the stock can become fully reporting?
A: Yes, and as required for Edgar / SEC status (and Form 10 acceptance) the two years of audits must be the "two most recent" years, which in our case are 2011 and 2012. The company had previously completed all worksheets and backup for 2010 and 2011; but for 2012, there are still some items requiring backup support or third party verifications (which are in process and almost complete). Under the TCA credit agreement, the company is required to have these audits completed and posted quickly, and we see no impediments to satisfying this requirement. As a Pinksheet OTC-Markets security, HHSE has not been required to complete audits, even though it has been a corporate goal for the past two years. Now, however, the completion of audits is required for compliance with the Company's senior lender, and as such, must become top priority.
4). Is the Film Library value the cause of audit delays?
A: No. The value of the Company's Film Library is not under question or review. The Film Library is one of the audit items already fully addressed during the past two-years (approx.) that the Company has been working with auditors on this project. The current audit issues (relating to the 2012 year-end) are customary items of back-up review, third-party verifications and analysis of capitalized items relative to ultimate revenues.
5). What's the update on "Mother Goose"? How can HHSE finance a $12-mm production when the Company is otherwise tightly managing cash flow?
A: There's a lot of exciting activities happening with this production, from distribution partnerships and presales, to an amazing cast of box-office superstars. HHSE is not "financing" the movie with existing credit lines, cash flow or debt. The film is being financed primarily through a bank structure that includes a direct assignment of international presales, tax incentives, rebates and a senior lien on the asset and revenue streams. The announcement of distribution partners will be withheld until its deemed most beneficial for the partners (perhaps timed for a major festival or market, or timed to correspond with a theatrical and network broadcast debut of the first teaser-trailer). The announcement of cast members will be subject to the approval of the agents, managers and publicists for the principal stars, as required.
6). Is HHSE involved with the new Terminator 5 feature production?
A: No. But the Company has continued to develop the T3K ("Terminator 3000") concept for an animated feature, which would be a complementary and supporting title to the T5 project.
7). Is the Company still pursuing "higher-profile" titles, or is the business model now strictly indie films for the direct-to-video / VOD market?
A: The "meat-and-potatoes" business model for the Company at present is to acquire and release easily placed films for DVD and VOD, while pursuing "tent-pole" / event-level releases to drive the visibility and revenues for each year. The direct-to-video titles are highly profitable with great return-on-investment (i.e., an average upfront cost of $10,000 plus replication & freight can predictably return $150,000 to $250,000 in gross sales per title). However, there is a revenue-limit to this model in that the Company's key accounts usually cannot absorb more than two (possibly three) new titles from an indie studio like Hannover House per month. So for the Company to break a respectable revenue goal of $50-million per year, one or more titles like "Mother Goose" would be required to generate these front-line / mainstream results.
7). Why has there been such a heavy volume of "short" sales in the stock the past three days (approx. 2,106,112 shares)?
A: There are some traders that would like to control the HHSE share price through misinformation and fear. We think that their efforts cannot be sustained against the wave of pressure that the Company's back-log of information and activities is now beginning to generate. It would not take very much buying pressure to force the short squeeze and chase them away to other equities.
8). What are the terms of the deal and relationship between Hannover House and Nanotech (NTEK) regarding the VODwiz.com Video-On-Demand site and Roku IPTV Channel?
A: NTEK is handling the technical and operational infrastructure for both streaming outlets, with Hannover House acquiring and accumulating programming (both from our own library as well as from a long-list of supplier partners and studios). There is a revenue split agreement with NTEK. Hannover determined that the upfront costs (both in terms of technical infrastructure and engineering expertise) were significant, and instead agreed to the NTEK deal to enable HHSE to focus on the programming and not the hardware. Additional details will be released under mutually approved announcements.
9). Is the Company still involved with book publishing? There haven't been any new releases in a long while.
A: Yes, new publishing activities are in place now, even though prior plans for 2012 were delayed. "ONE OF THE LUCKY ONES" ships from the printer today, and will hit book stores next month. "SABLE SHORE" and "BLIND VISION" will print next week for August on-sale dates. All three items will be widely available on e-Book formats. The Company temporarily stopped new release activities of publishing projects in 2012 due to uncertainty in the marketplace. The Company's largest book retail customer, Borders Group, Inc., went completely out of business, and sales to the Company's primary book wholesaler, NBN Books, ground to a halt. With e-Books emerging as the dominant media, Hannover decided to wait-and-see before investing in large print runs or promotions. The Company is now comfortable with a strategy of modest print runs and a more aggressive effort to develop the e-Book formats.
10). How come I couldn't find "Toys in the Attic" at some Wal-Mart locations?
A: In January of this year, the Company's relationship with the Vendor-Manager / distribution partner that had been placing our products into Wal-Mart deteriorated over a sales and cash dispute; a prior agreement for this vendor to remit monthly payments to Hannover House, as well as an agreement for direct payment to the replication lab, were both ignored by this distribution partner. These actions caused a disruption in the product flow and nationwide roll-out of units to Wal-Mart on the initial street date. The dispute with this former distribution partner continues, and may result in litigation by Hannover House with our Company's demand that they render payment. Accordingly, HH would be remiss to publicly release additional details at this time. Hannover House has since replaced this former distribution partner with a much larger entity with greater placement strength and higher per-unit net pricing to Hannover House. This new distribution relationship is one of the exciting and pending new announcements for the Company.
Someone is dying to be top bid
so much so that they keep leaping to get up there
Go IDLM
$HHSE and BULLISH CHART!
http://stockcharts.com/c-sc/sc?s=hhse&p=d&b=5&g=0&id=p46132645846
$HHSE Blog NEWS Link!
http://www.hannoverhousemovies.blogspot.com
$HHSE is Very TRANSPARENT
BLOG post: Q&A on.multiple.issues.from.HHSE.Shareholders...
Greetings HHSE Friends & Shareholders. Over the past two weeks, we have received a high volume of emails and inquiries from Shareholders, friends and followers with some questions recurring and needing to be addressed. Listed below are the top 10 current questions for HHSE management, and the answers as to their status, etc...
1). Are the Q1 results ever going to be released?
A: Yes, promptly.
2). Will the release of Q1 results enable the OTC Markets "Yield" sign to be removed from the stock listing?
A: Yes.
3). Is the company ever going to release two-years of financial audits so that the stock can become fully reporting?
A: Yes, and as required for Edgar / SEC status (and Form 10 acceptance) the two years of audits must be the "two most recent" years, which in our case are 2011 and 2012. The company had previously completed all worksheets and backup for 2010 and 2011; but for 2012, there are still some items requiring backup support or third party verifications (which are in process and almost complete). Under the TCA credit agreement, the company is required to have these audits completed and posted quickly, and we see no impediments to satisfying this requirement. As a Pinksheet OTC-Markets security, HHSE has not been required to complete audits, even though it has been a corporate goal for the past two years. Now, however, the completion of audits is required for compliance with the Company's senior lender, and as such, must become top priority.
4). Is the Film Library value the cause of audit delays?
A: No. The value of the Company's Film Library is not under question or review. The Film Library is one of the audit items already fully addressed during the past two-years (approx.) that the Company has been working with auditors on this project. The current audit issues (relating to the 2012 year-end) are customary items of back-up review, third-party verifications and analysis of capitalized items relative to ultimate revenues.
5). What's the update on "Mother Goose"? How can HHSE finance a $12-mm production when the Company is otherwise tightly managing cash flow?
A: There's a lot of exciting activities happening with this production, from distribution partnerships and presales, to an amazing cast of box-office superstars. HHSE is not "financing" the movie with existing credit lines, cash flow or debt. The film is being financed primarily through a bank structure that includes a direct assignment of international presales, tax incentives, rebates and a senior lien on the asset and revenue streams. The announcement of distribution partners will be withheld until its deemed most beneficial for the partners (perhaps timed for a major festival or market, or timed to correspond with a theatrical and network broadcast debut of the first teaser-trailer). The announcement of cast members will be subject to the approval of the agents, managers and publicists for the principal stars, as required.
6). Is HHSE involved with the new Terminator 5 feature production?
A: No. But the Company has continued to develop the T3K ("Terminator 3000") concept for an animated feature, which would be a complementary and supporting title to the T5 project.
7). Is the Company still pursuing "higher-profile" titles, or is the business model now strictly indie films for the direct-to-video / VOD market?
A: The "meat-and-potatoes" business model for the Company at present is to acquire and release easily placed films for DVD and VOD, while pursuing "tent-pole" / event-level releases to drive the visibility and revenues for each year. The direct-to-video titles are highly profitable with great return-on-investment (i.e., an average upfront cost of $10,000 plus replication & freight can predictably return $150,000 to $250,000 in gross sales per title). However, there is a revenue-limit to this model in that the Company's key accounts usually cannot absorb more than two (possibly three) new titles from an indie studio like Hannover House per month. So for the Company to break a respectable revenue goal of $50-million per year, one or more titles like "Mother Goose" would be required to generate these front-line / mainstream results.
7). Why has there been such a heavy volume of "short" sales in the stock the past three days (approx. 2,106,112 shares)?
A: There are some traders that would like to control the HHSE share price through misinformation and fear. We think that their efforts cannot be sustained against the wave of pressure that the Company's back-log of information and activities is now beginning to generate. It would not take very much buying pressure to force the short squeeze and chase them away to other equities.
8). What are the terms of the deal and relationship between Hannover House and Nanotech (NTEK) regarding the VODwiz.com Video-On-Demand site and Roku IPTV Channel?
A: NTEK is handling the technical and operational infrastructure for both streaming outlets, with Hannover House acquiring and accumulating programming (both from our own library as well as from a long-list of supplier partners and studios). There is a revenue split agreement with NTEK. Hannover determined that the upfront costs (both in terms of technical infrastructure and engineering expertise) were significant, and instead agreed to the NTEK deal to enable HHSE to focus on the programming and not the hardware. Additional details will be released under mutually approved announcements.
9). Is the Company still involved with book publishing? There haven't been any new releases in a long while.
A: Yes, new publishing activities are in place now, even though prior plans for 2012 were delayed. "ONE OF THE LUCKY ONES" ships from the printer today, and will hit book stores next month. "SABLE SHORE" and "BLIND VISION" will print next week for August on-sale dates. All three items will be widely available on e-Book formats. The Company temporarily stopped new release activities of publishing projects in 2012 due to uncertainty in the marketplace. The Company's largest book retail customer, Borders Group, Inc., went completely out of business, and sales to the Company's primary book wholesaler, NBN Books, ground to a halt. With e-Books emerging as the dominant media, Hannover decided to wait-and-see before investing in large print runs or promotions. The Company is now comfortable with a strategy of modest print runs and a more aggressive effort to develop the e-Book formats.
10). How come I couldn't find "Toys in the Attic" at some Wal-Mart locations?
A: In January of this year, the Company's relationship with the Vendor-Manager / distribution partner that had been placing our products into Wal-Mart deteriorated over a sales and cash dispute; a prior agreement for this vendor to remit monthly payments to Hannover House, as well as an agreement for direct payment to the replication lab, were both ignored by this distribution partner. These actions caused a disruption in the product flow and nationwide roll-out of units to Wal-Mart on the initial street date. The dispute with this former distribution partner continues, and may result in litigation by Hannover House with our Company's demand that they render payment. Accordingly, HH would be remiss to publicly release additional details at this time. Hannover House has since replaced this former distribution partner with a much larger entity with greater placement strength and higher per-unit net pricing to Hannover House. This new distribution relationship is one of the exciting and pending new announcements for the Company.
HHSE is Very TRANSPARENT
BLOG post: Q&A on.multiple.issues.from.HHSE.Shareholders...
Greetings HHSE Friends & Shareholders. Over the past two weeks, we have received a high volume of emails and inquiries from Shareholders, friends and followers with some questions recurring and needing to be addressed. Listed below are the top 10 current questions for HHSE management, and the answers as to their status, etc...
1). Are the Q1 results ever going to be released?
A: Yes, promptly.
2). Will the release of Q1 results enable the OTC Markets "Yield" sign to be removed from the stock listing?
A: Yes.
3). Is the company ever going to release two-years of financial audits so that the stock can become fully reporting?
A: Yes, and as required for Edgar / SEC status (and Form 10 acceptance) the two years of audits must be the "two most recent" years, which in our case are 2011 and 2012. The company had previously completed all worksheets and backup for 2010 and 2011; but for 2012, there are still some items requiring backup support or third party verifications (which are in process and almost complete). Under the TCA credit agreement, the company is required to have these audits completed and posted quickly, and we see no impediments to satisfying this requirement. As a Pinksheet OTC-Markets security, HHSE has not been required to complete audits, even though it has been a corporate goal for the past two years. Now, however, the completion of audits is required for compliance with the Company's senior lender, and as such, must become top priority.
4). Is the Film Library value the cause of audit delays?
A: No. The value of the Company's Film Library is not under question or review. The Film Library is one of the audit items already fully addressed during the past two-years (approx.) that the Company has been working with auditors on this project. The current audit issues (relating to the 2012 year-end) are customary items of back-up review, third-party verifications and analysis of capitalized items relative to ultimate revenues.
5). What's the update on "Mother Goose"? How can HHSE finance a $12-mm production when the Company is otherwise tightly managing cash flow?
A: There's a lot of exciting activities happening with this production, from distribution partnerships and presales, to an amazing cast of box-office superstars. HHSE is not "financing" the movie with existing credit lines, cash flow or debt. The film is being financed primarily through a bank structure that includes a direct assignment of international presales, tax incentives, rebates and a senior lien on the asset and revenue streams. The announcement of distribution partners will be withheld until its deemed most beneficial for the partners (perhaps timed for a major festival or market, or timed to correspond with a theatrical and network broadcast debut of the first teaser-trailer). The announcement of cast members will be subject to the approval of the agents, managers and publicists for the principal stars, as required.
6). Is HHSE involved with the new Terminator 5 feature production?
A: No. But the Company has continued to develop the T3K ("Terminator 3000") concept for an animated feature, which would be a complementary and supporting title to the T5 project.
7). Is the Company still pursuing "higher-profile" titles, or is the business model now strictly indie films for the direct-to-video / VOD market?
A: The "meat-and-potatoes" business model for the Company at present is to acquire and release easily placed films for DVD and VOD, while pursuing "tent-pole" / event-level releases to drive the visibility and revenues for each year. The direct-to-video titles are highly profitable with great return-on-investment (i.e., an average upfront cost of $10,000 plus replication & freight can predictably return $150,000 to $250,000 in gross sales per title). However, there is a revenue-limit to this model in that the Company's key accounts usually cannot absorb more than two (possibly three) new titles from an indie studio like Hannover House per month. So for the Company to break a respectable revenue goal of $50-million per year, one or more titles like "Mother Goose" would be required to generate these front-line / mainstream results.
7). Why has there been such a heavy volume of "short" sales in the stock the past three days (approx. 2,106,112 shares)?
A: There are some traders that would like to control the HHSE share price through misinformation and fear. We think that their efforts cannot be sustained against the wave of pressure that the Company's back-log of information and activities is now beginning to generate. It would not take very much buying pressure to force the short squeeze and chase them away to other equities.
8). What are the terms of the deal and relationship between Hannover House and Nanotech (NTEK) regarding the VODwiz.com Video-On-Demand site and Roku IPTV Channel?
A: NTEK is handling the technical and operational infrastructure for both streaming outlets, with Hannover House acquiring and accumulating programming (both from our own library as well as from a long-list of supplier partners and studios). There is a revenue split agreement with NTEK. Hannover determined that the upfront costs (both in terms of technical infrastructure and engineering expertise) were significant, and instead agreed to the NTEK deal to enable HHSE to focus on the programming and not the hardware. Additional details will be released under mutually approved announcements.
9). Is the Company still involved with book publishing? There haven't been any new releases in a long while.
A: Yes, new publishing activities are in place now, even though prior plans for 2012 were delayed. "ONE OF THE LUCKY ONES" ships from the printer today, and will hit book stores next month. "SABLE SHORE" and "BLIND VISION" will print next week for August on-sale dates. All three items will be widely available on e-Book formats. The Company temporarily stopped new release activities of publishing projects in 2012 due to uncertainty in the marketplace. The Company's largest book retail customer, Borders Group, Inc., went completely out of business, and sales to the Company's primary book wholesaler, NBN Books, ground to a halt. With e-Books emerging as the dominant media, Hannover decided to wait-and-see before investing in large print runs or promotions. The Company is now comfortable with a strategy of modest print runs and a more aggressive effort to develop the e-Book formats.
10). How come I couldn't find "Toys in the Attic" at some Wal-Mart locations?
A: In January of this year, the Company's relationship with the Vendor-Manager / distribution partner that had been placing our products into Wal-Mart deteriorated over a sales and cash dispute; a prior agreement for this vendor to remit monthly payments to Hannover House, as well as an agreement for direct payment to the replication lab, were both ignored by this distribution partner. These actions caused a disruption in the product flow and nationwide roll-out of units to Wal-Mart on the initial street date. The dispute with this former distribution partner continues, and may result in litigation by Hannover House with our Company's demand that they render payment. Accordingly, HH would be remiss to publicly release additional details at this time. Hannover House has since replaced this former distribution partner with a much larger entity with greater placement strength and higher per-unit net pricing to Hannover House. This new distribution relationship is one of the exciting and pending new announcements for the Company.
HHSE is Very TRANSPARENT
BLOG post: Q&A on.multiple.issues.from.HHSE.Shareholders...
Greetings HHSE Friends & Shareholders. Over the past two weeks, we have received a high volume of emails and inquiries from Shareholders, friends and followers with some questions recurring and needing to be addressed. Listed below are the top 10 current questions for HHSE management, and the answers as to their status, etc...
1). Are the Q1 results ever going to be released?
A: Yes, promptly.
2). Will the release of Q1 results enable the OTC Markets "Yield" sign to be removed from the stock listing?
A: Yes.
3). Is the company ever going to release two-years of financial audits so that the stock can become fully reporting?
A: Yes, and as required for Edgar / SEC status (and Form 10 acceptance) the two years of audits must be the "two most recent" years, which in our case are 2011 and 2012. The company had previously completed all worksheets and backup for 2010 and 2011; but for 2012, there are still some items requiring backup support or third party verifications (which are in process and almost complete). Under the TCA credit agreement, the company is required to have these audits completed and posted quickly, and we see no impediments to satisfying this requirement. As a Pinksheet OTC-Markets security, HHSE has not been required to complete audits, even though it has been a corporate goal for the past two years. Now, however, the completion of audits is required for compliance with the Company's senior lender, and as such, must become top priority.
4). Is the Film Library value the cause of audit delays?
A: No. The value of the Company's Film Library is not under question or review. The Film Library is one of the audit items already fully addressed during the past two-years (approx.) that the Company has been working with auditors on this project. The current audit issues (relating to the 2012 year-end) are customary items of back-up review, third-party verifications and analysis of capitalized items relative to ultimate revenues.
5). What's the update on "Mother Goose"? How can HHSE finance a $12-mm production when the Company is otherwise tightly managing cash flow?
A: There's a lot of exciting activities happening with this production, from distribution partnerships and presales, to an amazing cast of box-office superstars. HHSE is not "financing" the movie with existing credit lines, cash flow or debt. The film is being financed primarily through a bank structure that includes a direct assignment of international presales, tax incentives, rebates and a senior lien on the asset and revenue streams. The announcement of distribution partners will be withheld until its deemed most beneficial for the partners (perhaps timed for a major festival or market, or timed to correspond with a theatrical and network broadcast debut of the first teaser-trailer). The announcement of cast members will be subject to the approval of the agents, managers and publicists for the principal stars, as required.
6). Is HHSE involved with the new Terminator 5 feature production?
A: No. But the Company has continued to develop the T3K ("Terminator 3000") concept for an animated feature, which would be a complementary and supporting title to the T5 project.
7). Is the Company still pursuing "higher-profile" titles, or is the business model now strictly indie films for the direct-to-video / VOD market?
A: The "meat-and-potatoes" business model for the Company at present is to acquire and release easily placed films for DVD and VOD, while pursuing "tent-pole" / event-level releases to drive the visibility and revenues for each year. The direct-to-video titles are highly profitable with great return-on-investment (i.e., an average upfront cost of $10,000 plus replication & freight can predictably return $150,000 to $250,000 in gross sales per title). However, there is a revenue-limit to this model in that the Company's key accounts usually cannot absorb more than two (possibly three) new titles from an indie studio like Hannover House per month. So for the Company to break a respectable revenue goal of $50-million per year, one or more titles like "Mother Goose" would be required to generate these front-line / mainstream results.
7). Why has there been such a heavy volume of "short" sales in the stock the past three days (approx. 2,106,112 shares)?
A: There are some traders that would like to control the HHSE share price through misinformation and fear. We think that their efforts cannot be sustained against the wave of pressure that the Company's back-log of information and activities is now beginning to generate. It would not take very much buying pressure to force the short squeeze and chase them away to other equities.
8). What are the terms of the deal and relationship between Hannover House and Nanotech (NTEK) regarding the VODwiz.com Video-On-Demand site and Roku IPTV Channel?
A: NTEK is handling the technical and operational infrastructure for both streaming outlets, with Hannover House acquiring and accumulating programming (both from our own library as well as from a long-list of supplier partners and studios). There is a revenue split agreement with NTEK. Hannover determined that the upfront costs (both in terms of technical infrastructure and engineering expertise) were significant, and instead agreed to the NTEK deal to enable HHSE to focus on the programming and not the hardware. Additional details will be released under mutually approved announcements.
9). Is the Company still involved with book publishing? There haven't been any new releases in a long while.
A: Yes, new publishing activities are in place now, even though prior plans for 2012 were delayed. "ONE OF THE LUCKY ONES" ships from the printer today, and will hit book stores next month. "SABLE SHORE" and "BLIND VISION" will print next week for August on-sale dates. All three items will be widely available on e-Book formats. The Company temporarily stopped new release activities of publishing projects in 2012 due to uncertainty in the marketplace. The Company's largest book retail customer, Borders Group, Inc., went completely out of business, and sales to the Company's primary book wholesaler, NBN Books, ground to a halt. With e-Books emerging as the dominant media, Hannover decided to wait-and-see before investing in large print runs or promotions. The Company is now comfortable with a strategy of modest print runs and a more aggressive effort to develop the e-Book formats.
10). How come I couldn't find "Toys in the Attic" at some Wal-Mart locations?
A: In January of this year, the Company's relationship with the Vendor-Manager / distribution partner that had been placing our products into Wal-Mart deteriorated over a sales and cash dispute; a prior agreement for this vendor to remit monthly payments to Hannover House, as well as an agreement for direct payment to the replication lab, were both ignored by this distribution partner. These actions caused a disruption in the product flow and nationwide roll-out of units to Wal-Mart on the initial street date. The dispute with this former distribution partner continues, and may result in litigation by Hannover House with our Company's demand that they render payment. Accordingly, HH would be remiss to publicly release additional details at this time. Hannover House has since replaced this former distribution partner with a much larger entity with greater placement strength and higher per-unit net pricing to Hannover House. This new distribution relationship is one of the exciting and pending new announcements for the Company.
Stock Buy Back Plan
Monday, March 11, 2013
http://www.hannoverhousemovies.blogspot.com/2013/03/stock-buy-back-plan.html
HHSE
$HHSE and Confirmed GOLDEN CROSS!
$HHSE Chart is on FIRE!!!!!!
$HHSE NEW Blog News!
http://www.hannoverhousemovies.blogspot.com
$HHSE and AWESOME CHART!
http://stockcharts.com/c-sc/sc?s=hhse&p=d&b=5&g=0&id=p46132645846
$HHSE Chart on Fire
$HHSE Going UP with GOLDEN CROSS!
$HHSE Chart on Fire!
$HHSE Chart and Golden Cross!
$HHSE up again!
Awesome looking chart!
Go $HHSE