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At least the pennies are consistent, put out a PR and then dump shares. How many times have I seen this movie. Never ceases to amaze.
As a shareholder, I think it's really sad that the company says they are a format away from having a Form 10 filed, which is the biggest thing they have been beaten up over, and they are down 7%. To me, it shows the majority of shareholders have no confidence or trust that HHSE management will deliver. I even think myself they are just looking to drag this over the Feb. 15th deadline and then say Uh oh, now we have to have a whole new year audited. And that could take, another year. I hope I'm wrong.
I couldn't resist anymore. Took a starter at .0075 this afternoon.
The problem is nothing has ever actually been filed. Or, I have I missed something?
Points well taken, and maybe I over simpilfied. Being in sales myself I understand that it is important to have dealers that will promote and support your brand, and just not whore it. you also need to have dealers in locations that they can make a profit selling your product as well. With that being said, I hope we get some news on accounts being opened sooner than later.
I agree. They are hiding something. What I don't know. I have wondered though why Eric and Fred have deferred salaries for years when they report net profits every quarter for the past 20 something quarters. Are they just independently wealthy and not need the money? It never has made sense to me, but maybe I'm missing something.
Has anyone heard anymore about the hundreds of dealers wanting to place orders at the October show but MTVX had to deem whether they were credit worthy or not? I would think 6-7 weeks would be long enough to check out a credit app. I'm just asking.
So it sounds like if they can defer until Feb. 15th 2015 then they will have to have years 2013 and 2014 audited. OMG, that sounds like a gargantuan task that will take at least 10 months and by then they will have to have 2014 and 2015 audited. We all know they have to quintuple check the numbers and then get them in the right format and the list goes on and on. There is no way they can complete an audit under these onerous conditions.
I would get out myself except the value of the shares won't cover the commission cost to sell them. I will be telling everybody I know to avoid this POS like the plague though. Nielson is as crooked as a dogs hind leg.
Unfortunately, I don't think Hannover has anything that NTEK would want. I've had NTEK for a couple of years and bought HHSE back when the JV was announced. It seemed like a great fit at the time, NTEK was going to have the NP-1 and HHSE VODWiz. Now that NTEK has UltraFlix I'm not sure I see the point.
I think everybody knew there would be no Form 10 filing yesterday, hence there was no buying leading in to Thursday and no big sell off this morning. Hannover House has set a pretty low bar for expectations when it comes to an audit. I just want to here what Eric pulled out of the bag of excuses this time.
Is there anybody here that really believed there was going to be a Form 10 filed today? If you did, you don't know Hannover House.
I'm excited about tomorrow. I can't wait to see what excuse they come up with this time. I'm guessing that there is a Santa "Clause" in the Form 10 that they need to address before they can file.
What a shocker. Surprised the phone in Cincy hasn't been disconnected.
I am just going to wait and see next week if the Form 10 happens. Let's face it, their track record has not been good when it comes to audits. I'm not putting any more money in this company until audited fins come out. if they do and I have to buy at .02 or more and it goes to .10+ that's OK. As a wise horse player once told me, better to have a short winner than a long loser. I'll believe it when I see it.
I sure hope the SEC busts their asses, and good.
Agreed. Sounds like a good place for him to sit and rot.
I guess he's hoping to find somebody to dupe there so he can pay the rent in Cincinnati. Although , most likely whatever he can scam people out of there will go right in that SOB's pocket. He ought to go to jail, instead of Africa.
I'ld say they picked NC because they got the plant and acreage on the cheap thru bankruptcy court.
Yep. They are just reloading the cannons.
I didn't know they were having one. Has a time and place been announced? They can tell us again that this year they will have audited fins. I think Eric and Fred are like the two old guys in Trading Places and have a $1.00 bet on how many years they can say they will have an audit without ever producing one.
And what publicly traded company would that be?
Hannover House has stooped to new lows as far as I'm concerned using someone's death as an excuse for their incompetence. This gentleman died the first week of March, 2014. I hardly consider that recent.
Just wondering out loud, since they claim the Form 10 has been submitted, but now has some formatting issues, how many years will be they be able to drag that out? I think the bag of excuses is about empty and the jig is up. Side note to Zgoldies, Bill Engvall did the sign routine, not Jeff Foxworthy, if somebody hadn't pointed that out earlier. Just want to give credit, where credit is due.
Wouldn't you think that if the Form 10 did get filed yesterday that Eric and Fred would be screaming it from the top of a mountain? After all the criticism they have gotten for delay after delay I would think there would have been an immediate Blog update. JMO
Fall back, Spring forward. Let's get it straight.
1st quarter fins come out today after the bell. Is there anybody out there still watching this?
I hope you are right and they do come out with the Form 10 filing on Friday. I will eat more crow than Joey Chestnut if it happens. Past history dictates it will not however. I'll still be watching.
I'm still sticking with my earlier prediction of a Zombie Apocalypse as this weeks excuse. Anybody that believes a Form 10 and audit is going to be filed this week is like Charlie Brown trying to kick the football. In keeping with the HHSE spirit, I have seen this movie before. Eric and Fred have been doing this for 3+ years. It won't be any different this week. The only thing that changes is the excuse.
I can break even at .003 but I'm not holding my breathe that will ever happen.
Does anybody know anything about the sale of non performing assets that was supposed to close by the end of Sept? The proceeds were supposed to eliminate 50% of the debt from the balance sheet. I haven't heard anymore about it since it was PR'd in August.
Less than 13 million in volume today. IR must have sold so many shares already this week they are taking the day off.
With next week being Halloween, I'm predicting that next weeks excuse for no audit will be because of a Zombie Apocalypse. On November 19th it will have been 1 year since HHSE announced that they would have audited fins at the Feb. 2014 SHM. Eric and Fred must be laughing their asses off thinking that people are actually buying the excuses they come up with. Like triple checking the numbers. What are they on now the sextuplet checking of the numbers?
Seeing is believing.
It would be nice to hear an update on this. A 40% debt reduction would be huge. I tend to think it hasn't happened or they would have been quick to put that news out I would think.
Yep. Just like the audit. Any day now. Every day that goes by it gets another day closer.
Richard Branson never went to college and things worked out pretty well for him.
I'm thinking we see a new 52 week low before we see a Form 10 or audit.
Looks like this is going nowhere fast. I don't know whether to just take my loss and get out or average down and hope for a dead cat bounce to try and get some of money back.
That's money down a rat hole. Unless I misread the chart 70% of what these people promote goes down. HHSE is more than capable of driving the share price down without paying somebody to help them do it.