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.
No sir, all one had to do was look at the share price and the volume. Please understand that this board does not speak for all share holders. The share price does. According to the share price, the meeting was a total failure. That's all the info I need. Now, one has to look to the chart for the next answer as to where this is going. Today's big red candle on higher than average volume is a tell-all. It's really not looking good.
I posted to others here as to why I sold and was chastised for it. Looks like I made the right decision after all.
Moviesam, I nominate that as the most likely post to in variably come true, every last word.
Very, very good post. I just hope it helps some people.
So, no audit again? Shuck and jive.
That is correct, no audit again, imagine that ha? You and I both called it to much criticism. You know what this means, look out below. Today's big red candle that tested .013 is just a start. According to the chart, this will retest .01. If that doesn't hold then look for this to retest .006.
Today's smoke and mirrors SH meeting had to be an awakening for many share holders. The smart ones will finally understand whats happening here. One must learn to do proper DD and shut out all the unsubstantiated hype. Eric the illusionist is not to be trusted. That's why I sold, I knew no audit was coming and I knew 75% of all speech from Eric's mouth was nothing but hot air. I am batting 1000 with this stock.
It has to, 100%, be out before the SHM
Not really, this is a pink crap company. They can get away with just about anything. I've seen many examples of such.
About the only people I see them having business with is Walmart. What business are they doing in LA and NY? Please post some names of business associates.
I think my questions from my last post still stand. You haven't answered them yet. Can you?
Expanding offices to L.A. and New York.
I can't help wonder why they would do that? Seems to me location wouldn't be important. Locating to NY and LA has to be a very expensive proposition, wouldn't you think? I can see thousands a month in each location just for rent, not counting the extremely high cost of living and for what? What am I missing here? Is this just another bad decision by our CEO or are there advantages I am unaware of?
Okay, what makes you so sure I am wrong? You have never posted any facts, just your same "you are wrong statement." I base my posts on facts that I state at the time and my opinions are followed by JMO.
This CEO deserves all the criticism he receives because of his failure to produce promised items. How about you post some facts to refute my statements? I'm waiting..
Obviously, many seem to agree with me. All one has to do is look at the share price. That speaks way louder than any and all posts.
I have over 1.5 million shares in two accounts. You see that 806,000 share ask at .0175 that HHSE thinks is a fake wall or ploy to scare buyers? That's mine. If that sells I might put my other shares up for sale before SH meeting. My hope is waning.
I bought the 806K at .0154 so I will see a nice profit if this junk takes me out.
Now, if by some miracle the audit is complete, I can always buy back in if I choose. Protecting profits is how you survive in the markets.
still holding out HOPE of belief in the company
Hope, the theological virtue defined as the desire and search for a future good, difficult but not impossible to attain.
Nice to see that you have finally joined our ever growing group.
Everything will have to be before or after. No new news can be during.
LOL, think about that statement. We are dealing with a pink sheet company that can't seem to get out of their own way. They can do just about anything and get away with it, including releasing non public info at the SHM. Normal rules usually do not apply down here in smoke and mirrors land.
However, as some have observed, if we do NOT "beat" the Feb. 15 date, then the applicable years changes (from 2011 and 2012... to 2012 and 2013)
I've been posting all along that there will be no audit by SHM. Feb. 15th is just another missed self-imposed deadline by this irresponsible and inefficient management team that so many seem to swear by.
lol...you want a PR from Eric saying the dilution is done ?
I don't think it will really amount to much but I can see a few million being sold by them. We are so undervalued it won't really matter much.
That was a hypothetical statement not intended to be taken at heart. Anyway, you are wrong about companies not PRing statements of intended issuance of shares. Big board companies do so all the time. They do it via PR or in filings.
lol, We are so undervalued it won't really matter much, that's what you think? What has undervalued done for us to date? We are sitting at a penny and a half for a couple of very good reasons. One is because the masses do not trust Eric, they wanna see an audit. How long, how many years has he promised one? Also we are trading where we are due to all the new shares hitting the float. Do you really think it is normal selling or, LOL shorting?
This is my last post this evening. No exceptions.
What about the hundreds of millions restricted shares that will eventually come free and dilute the float. That's as bad as issuing new shares.
I agree with your statement about an announcement needs to be issued concerning the almost maxed out A/S. They lowered it twice, it will be interesting to see if it stays there, won't it?
just words and thoughts without ANY facts, that can prove any of your statements!
Really? Then why has the float increased over the last couple months? One more time, when a market maker sits on the ask showing a 10,000 share count and literally sells hundreds of thousands of shares, he is diluting. I've been trading the markets way before the internet and just know things like this. I post nothing but facts unless I follow a statement with IMO. (In my opinion)
You and whomever can choose to believe what you want. I know what's going on. That's why I want someone to pin Eric down on the subject of dilution associated with shares issued for debt and restricted shares coming free. The shares issued for debt and bill pay is in the filings. I have posted links on this board to prove it. Don't tell me I post just words and thoughts without ANY facts, I post facts. Perhaps you may have missed those postings.
The only news we need is a PR that says the dilution is done. But, being a stinky pinkie puts a damper on that thought. Don't come back and say there is no dilution, cuz it's everywhere. I understand there aren't any new shares being issued by HHSE, but the ones already out there between paying bills and restricted shares hitting the market are absolutely killing any attempt that this stock tries to muster. Can't blame it on low volume days either because it makes a small run and gets killed there-after no matter what the volume. Blame Eric and his quiet screwing of all longs.
Please post all 501 reasons at same time. I think there is one reason for being in HHSE, HOPE!!
Plenty of shorts praying they don't have to cover by shm imo
Nice squeeze today, ha?
http://www.nasdaq.com/symbol/hhse/short-interest
http://www.otcmarkets.com/stock/HHSE/short-sales
How can there be a squeeze with out any shorts to cover?
So it was a transfer into the float from restricted, not diluting as in OS increase. Still affects trading and inhibits a SP rise though which could be the misunderstanding here.
I'm glad you understand and have the time to explain. The shares are coming from somewhere. Are you going to the meeting? If so, please ask Eric about what's going on with the diluting M&M's on the ask all the time lately. He probably knows exactly what's going on. If he says he doesn't know, he's lying, simple as that.
If you are not going, then someone needs to bring the issue up and get some clarification.
When was the last time the restricted shares changed and by how much? IF the shares that VFIN and VNDM are selling are not restricted shares, then they are shares that were issued for past bills and debt per past filings. VNDM and VFIN are not retail M&M's. They do not short or represent any brokerage firms, at least that's what I have been told. Their job is to dilute, that's how they make their money.
This stock has not run two days in a row for a long time. Hopefully that ends with tomorrow. But, I believe it when I see it.
Absolutely no shorting here. VNDM, VFIN ETC, are selling shares that were probably restricted until recently. If you don't believe me, just ask Eric at the meeting where those extra float shares are coming from. I wonder if he'll tell the truth?
Your post is very contradictory and all over the place. How can you like a company and not trust the CEO of that company.
Come on post, I cannot believe you asked me that question. I like this company because it has potential and is undervalued. The stock has support where it is trading and seems to be a safe bet going forward with the financials that have been posted.
I dislike and do not trust Eric because of all the broken promises of completed audits and many many other missed promised deadlines. Just read the posts of longs that have been in this stock for a very long time. They tell the truth about how unreliable Eric has been over the years. They tell how the movie 12 almost wiped this company out. The company was almost BK yet Eric always told individual share holders how all was rosy and how the company was making so much money. He only told the truth after he knew the company would survive. Past history does not shine brightly on our CEO. You can't trust managements words from any company, pinks or big boards. According to the best traders in the world, they will all lie to protect their interests.
I have read the books of the best traders in the world. I have tried to learn from their mistakes. Hopefully, this stock will not bite me in the can.
It seems then given you did buy another 800k, doubling your shares, you must be overall positive.
That is correct and I never said I disliked HHSE. I have stated I do not trust Eric or any pink sheet company management for that matter. I trade mostly big board stocks now, perhaps swing trade is a more accurate term. I buy when the chart says so and I short when the chart says to.
I used to trade pennies way more than I do now. Penny stocks are one of the fastest ways to lose money. Management never tells the truth and most pennies are dilution monsters. That said, HHSE has potential even with the dilution that is now on-going. Today's VNDM trick is all about dilution. They don't care how low they sell the shares at times. Some times the company will guarantee payment even if that means issuing more shares as the price drops. That's why they kept dropping the ask, all they wanted to do was dump their shares.
Eventually I feel this company will break out of its funk. But, I'd be willing to bet that there will be no audit to discuss at the SH meeting. They will white wash the truth with other seemingly important news. Watch and see.
what past indiscretions
You have to learn to read between the lines. Years of penny stock experience also helps.
Let me ask you this; why do you think the audit has taken so long to complete? From similar experience, a complete audit for a public company like HHSE should only take a few months with an experienced firm, one to two people. IMO, they do not wanna show all past transactions and indiscretions they thought they have already gotten away with. They knew they needed an audit so to cover their tracks they will delay and audit years 2012 and 2013 which is probably squeaky clean.
As far as your other comment, I hold over 1.5 million shares long. I posted proof of my last buy of 800,000 shares on this board. Do a search of my posts if you wanna see it.
This news is a smoke screen, mark this post The audit will not be complete by SH meeting so they need a diversion, or a distraction. The audit will consist of years 2012 and 2013 so they can cover past indiscretions. That's my opinion anyway.
Where have you been? It's been out for days. It is 1.1 mil versus Eric's 1.4 mil guidance.
http://finance.yahoo.com/news/hannover-house-posts-significant-revenue-123500666.html
I hope you're right, but so far, it hasn't done a damn thing for the share price, has it? Nothing Eric says or does has helped to date.
Maybe another profitable Q, but short of Eric's own guidance and expectations by quite a bit. Not very impressive if you look at all the facts.
I hope I'm wrong because I'm long way too many shares, but I think the SH meeting will another non event just like all recent news events have been with this stock.
But it's not real diluting as in the OS. It is the float only.
But it really is diluting. At some point those shares were issued and they are now diluting the float. The more shares there are in the float, the harder it is to move the stock. The heavier the truck the slower it moves, especially away from a traffic light. Restricted shares do not hurt the float until they hit the market. That's what's happening now. It's hard to say where those shares are coming from. We don't know if they are shares coming off restriction or shares previously issued for debt or services. Only management can answer those questions.
Someone should ask Eric at the SH meeting where they are coming from and how many more are due to hit the market. Then we can see how honest the guy really is or isn't.
Exactly, poster44ny. But, there could also be restricted shares issued long ago (perhaps a year) becoming unrestricted and hitting the float. I've been trading the markets for many years. I know the game. I know the M&M's that sit on the ask and dilute. They are here. Some of them are hitting the bid. How long this will go on only Eric could honestly answer that question. But, a CEO will always lie to cover his diluting.
But, you are correct in saying that those shares are being absorbed nicely. Trouble is, the stock cannot muster enough strength to overcome supply which it needs to do to move up. As soon as volume starts coming in, the dilution thickens.
Again, there are no shorts in this stock. If it takes three trading days to clear a trade, then how can that OTC shortreport be valid? If there were as many shorts in this stock as that report clains, this stock would .0001 by now.
Luck to you..
Who's gonna sit there and short a penny stock that trades in such a totally tight range? Justify that, I bet you can't. Give us reasons this stock is being shorted. Where's the profit potential in shorting a stock that the company is growing and paying down debt?
No one is shorting this stock. People use the first and the 15th as points that shorts must cover to hide their tracks. Let me first say that anyone using those numbers or dates are totally wrong. First of all, it takes three trading days to clear a trade, long or short. Therefore, those dates would have to be lowered three days to be in play. Has there been any unusual volume spikes driving the stock up during those times? I'll answer that, no!
Shorts aren't stupid, they really seem to hit a lot of home runs. Why do you think that is? I'll tell you why, because they spend the time and money to find the real garbage. They then short all they can and sit and weight for the bottom to fall out. So, if they are shorting this stock like you think they are, then they must know this company is garbage. Do you think that is the case?
There are the sites that track real short interest in any stock. Why do they always say no shorts in HHSE? Don't give me the crap they short 1-1/2 weeks and then cover a day or two and then short again??? Come on, please just think about.
Closing your eyes to the truth can be very damaging. Another thing, most of the volume is at the bid, not the ask. Shorts sell at the ask, not the bid. Why would they hit the bid, they wanna short high and cover low. Dilution oftentimes occurs at the bid. Dilutors sometimes just wanna dump, at any bid price. Sometimes dilutors are guaranteed a certain dollar amount even if the company has to issue them more shares to accomplish that. Therefore they sell at any price.
I think what you are seeing as shorting is dilution. I don't mean company to market dilution, I mean past issuance of shares for debt and expenses and shares that are becoming unrestricted and hitting the float. What else can it be when an M&M sits in the ask at 10,000 and sells a million. Below are some of the more recent issuances that can be found as public record on OTC markets under filings and disclosures:
http://www.otcmarkets.com/financialReportViewer?symbol=HHSE&id=112154
Also, the company is in writing to diluting in Q3 and Q4 as per the Dec. 4th Q report on page two. Just go read it and see the $300,000 they intend to cover with issuing shares. Just read it and then tell me how all these shares are short shares. It is a PDF file so I cannot copy and paste anything other than the link.
http://www.otcmarkets.com/financialReportViewer?symbol=HHSE&id=114232
I admit, this company definitely has potential going forward. That said, the stock is really ugly at the very best. Man, what a shame.
Not Yet Possible To Calculate Q4 Gross Margins. Your post is so full of misstatements, impossible calculations and errors, I am not even sure where to begin.
Wow Spec, I can’t believe what I just read. You said there was no mention of cost of goods sold. Well to start with, there is way more too it than just cost of goods. There are wages, heat and lights, telephone and advertising and the list of the cost of doing business goes on and on. That said, they gave us all those costs. They gave us gross sales of $1,153,186 and net profit before taxes of $279,268. All one has to do is find the unknown (cost of goods) with some basic algebra. Just subtract $279,268 from $1,153,186. That gives you $873,918 as cost of goods. But, you didn’t need to do that. The company gave us gross sales and profit. To get margins all you have to do is divide $279,268 into $1,153,186 and you get 24.2% margins this Q. Last Q’s margins were 29.2%. I deal with this stuff in my business. My numbers are right. You divide revenue minus cost of goods (which gives you your profit or loss) into total revenue. I did it right, there are no mistakes.
The cost of sales is actually not used in the equation. But, to get the correct profit or loss number one must know cost of sales. Again, the company did the math for us, all we had to do is the division. A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage is how you get margins. Your numbers are wrong. Even your gross revenue is wrong. Your 34% margin number is wrong. Again, all my numbers are correct. Grade school math is all that is needed.
You also posted you did not recall Q4 projections being higher than actual results. Well, they fell far short. Q4, Projected was; $ 1,410,000.00 gross and $ 586,960.00 net was projected. He fell $257,000 short on revenue and $307,692 short on profits. Those are huge short falls. My question is; how can he fall so short on projections when he had half the Q already in his pocket? Using those projected numbers, his margin projection was 41.6% for Q4, not even close!!
Anyway, you asked for a link to those projections and here it is.
http://hannoverhousemovies.blogspot.com/2013/11/q3-filing-today-plus-much-more-and.html
In terms of the difference in margin, I dont see any major issue or major difference there.
I guess you've never been in business then. The fall in margins from 29.2% down to 24.2% is very critical. Margins are one of the most important aspects of any company's financials. For every dollar grossed, they made .05 cents less on that dollar. I'd like to know why. Were wages higher? Were marketing costs higher etc? Where'd that 5% in margins go? If margins keep shrinking, then so will profit. It won't matter what they gross if they can't reap a profit. If you look at the history of big board stocks, 5% margins is earth shattering for many company's.
Gross revenues for the Q4 reporting quarter were $1,153,136 with pre-tax net income of approximately $279,268
That's not too bad, but Eric missed again. Q3 was 1,203,886 gross revenue and 351,687 was net profit before taxes. My point here is this; shortly after he announced third quarter results, he announced that Q4 would be better than Q3. Obviously it wasn't. I'm wondering, how can that guy (our CEO Eric) could get any dumber? He was half way through Q4 when he preannounced it and he still missed his target.
Also, looking at gross margins, they were 24% this Q and 29% in Q3. What the heck happened there? Also, how come he never announces profits after taxes? Is he hiding something?
"If they come up with any excuse, this stock will be toast, burnt toast."
I have posted several times that I do not believe that the audit will be done by the SH meeting. As mentioned, they haven't even hired an on-staff accountant yet. The way the announcement was worded, they wouldn't even be guilty of any lies. It was worded as follows; "discussion of completed audits." But, if no audit is completed there will be no discussion, and they're off the hook.
Anyway, we all know what the company has accomplished to date. We can see the results on Amazon and in stores like Walmart. The last quarterly filing was great and guidance was even better. I have posted my detestation of Eric several times. His willingness to promise and miss many deadlines is disgusting at best. That said, if you look at what is being accomplished by this extremely under staffed team, one could say they are doing a pretty good job of turning this company around. The problem is, many people, including myself are of the impatient variety and tend to sell this management team short. I like many others want to see proof of financials because the delays cause anxiety brought on by thoughts of cover-up from no published audit that has been promised so many time last couple of years. If there was never a mention or promise of an audit, things would be different, IMO and the stock price might be kissing .03 cents or so. That's the value my figures place on this stock to date.
Your comment of; "If they come up with any excuse, this stock will be toast, burnt toast" is totally false. My long-awaited point here is, the stock has a PE of under 5 if I remember correctly and is highly undervalued. Even if there was a big sell-off after the SH meeting, it will recover in time and move even higher. Anybody that has done their DD here knows the value is locked up and waiting to eventually break out. Now, that doesn't mean this will ever see a dime or some of the other crazy pumps that are posted daily on this board. But, anything under .025 to .03 cents is a bargain. The SH meeting will be interesting, but will not kill the share price if no audit is released. We'll see, that's my opinion anyway.
How about offering it on an inexpensive monthly subscription basis? Let's say just $8/month.
Why on earth would anyone do that when you can subscribe to Netflix for $7.99??????????
Oct. 31st 2013. Have you guys seen this?
HHSE FULL REPORT
Encouraged by strong retail response to the upcoming home video release of "Amityville Asylum," Hannover House, Inc., (OTC: HHSE) has extended its distribution pact with London-based Northbank Entertainment, LLC to cover two additional direct-to-video productions. "Valley of the Witch" and "Midnight Horror Show," both of which are now in production in the U.K. by special purpose entities related to Northbank, will be released by Hannover House in the United States and Canada next year.
"Andrew Jones and his team at Northbank have proven their commercial instincts, and we're confident that their next two films will also be well received," said Eric Parkinson, C.E.O. of Hannover House. "The domestic home video and V.O.D. markets are always open to quality, independent horror films of the caliber that Andrew's team has been delivering."
"Midnight Horror Show" has been described as a cross between 'The Unholy Three', 'The Funhouse' and 'Texas Chainsaw Massacre'. The Moreau Family travels around the United Kingdom putting on the Midnight Horror Show: an underground variety act for an adult audience. Doctor Diemos Moreau is the father and host of the show. His sons are Trinculo (the clown), Apollo (the magician), Janus (the ventriloquist) and his dummy, Epimetheus. Deimos' daughter Venus is also in the show as a burlesque dancer. But behind the curtain there is something more sinister going on than simple entertainment. Dar you enter the Midnight Horror Show? You'll pay to get in, and pray to get out!
"Valley of the Witch" contains thematic elements of 'The Wicker Man' and 'The Lords of Salem'. Recently divorced Kristen Matthews moves from London to a small village in Wales in search of a fresh start. She settles into her new surroundings, makes friends with her neighbors and all appears well. But a series of unexplained suicides occur in the village, leaving the local police baffled. Kristen begins to experience vivid nightmares and the local priest suffers supernatural attacks at church. Dormant spirits have been re-awakened. Can anyone stop the manifestation of ancient evil? Or is the village fated to pay for its dark history?
The first picture from Northbank Entertainment under license to Hannover House is the suspense-thriller, "Amityville Asylum," set in an abandoned and haunted mental institution in Amityville, New York. Hannover House will release "Amityville Asylum" to the domestic home video and V.O.D. markets on Jan. 7, 2014. Key accounts for Hannover House include Walmart, Redbox, Netflix, Best Buy, Blockbuster and most major Video-on-Demand portals.
Entertainment distributor Hannover House, Inc. will celebrate two milestone events today, as the company’s 20th anniversary corresponds to the cumulative unit sales achievement of ten-million (10,000,000) home video units. Formed in September, 1993, Hannover House began as a book publisher, but added home video products ten years ago and now owns or controls the distribution rights to more than 180 feature films and video programs. A historic video sales review - completed last week in compliance with ongoing audit requirements - revealed that the company’s September shipment of Zombie Warz to Walmart pushed the cumulative sales for home video units to 10,004,150 (inclusive of DVD and Blu-Ray units, and until 2005, VHS videos).
We are very pleased to have reached two milestones today that few independent studios ever achieve, said Eric Parkinson, C.E.O. of Hannover House. The completion of twenty years of continuous operation is both rare and notable. But the consistent sales performance over these years, and the company’s ability to adapt to both changing market and media conditions is more meaningful to me. Our strength has been in identifying and predicting commercial concepts and trends, and providing programming that addresses these needs. As consumer tastes have changed, so have our titles, and as the market continues to mature, Hannover will adapt our programming to maximize success.
Top selling video releases for Hannover House cover more than forty independent suppliers and releasing labels, and include (alphabetically): American Bullfighter, American Fighter Pilot, Animal Clinic, Antonio Aguilar Colecion, Black Male, Boggy Creek, Classic Comedy Collection, Classic TV Comedies, Come Away Home, Dawn of the Living Dead, Deceptz, Delivering Milo, Devil in the Flesh, Fathers of the Sport, Fun Park, Future Shock, Grand Champion, Great Souls, Humans Vs. Zombies, Gotta Go, Magic Voyage, Martial Arts Action Pack, Mind Your Manners, My Brother The Pig, Oxygen, Outlaws: The Legend of O.B. Taggart, Patient Zero, Pink Skies, Samurai Action Pack, Savage Land, Siegfried & Roy: The Magic Box, SWAT: The Real Story, Teen Yoga, Televisa Spanish Classics, Toys in the Attic, Turtle: The Incredible Journey, Twelve, War Eagle Arkansas, Wrangler and Zombie Warz: Falls the Shadow.
Upcoming home video releases for Hannover House include these items currently in solicitation: Amityville Asylum; Blues for Willadean; The Coffin; Frankenstein 2014; Ingloda: The Possession Within; Sunshine and To.Get.Her: The Spring Break Murders. Three international titles are slated for limited theatrical release in Q4 prior to a Q2 home video launch: The Weather Station (Russia), Asalto Al Cine (Mexico) and Borrar de la Memoria (Mexico).
In addition to the company’s achievements with home video, Hannover House remains active in book publishing, and is expanding efforts to grow its Video-On-Demand business.