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IRS ACKNOWLEDGES LEVY ERROR - HHSE management is pleased to report that a levy issued by the IRS for "estimated payroll taxes" has been corrected and relieved after providing required documentation for the payroll reporting periods previously in question. We have been told that the IRS levy will be lifted (and customers notified) within the next 21 days, and the future reporting of payroll taxes (through our third-party payroll service) will correctly identify the Employer I.D. Numbers that sparked the arbitrary / estimated assessment in the first place.
FACT:HHSE IS RID OF TCA ($400K). THIS WAS SUPPOSED TO BK THE COMPANY. LOL
FORM10-AUDIT-UPLIST: A PROCESS, NOT A ONE-DAY EVENT, BUT EVERYONE ALREADY KNOWS THAT. THERE IS A 60-DAY SEC REVIEW PERIOD (POSSIBLY FASTER) BEFORE HHSE UPLISTS TO OTCQB. THEREFORE, IT'S ACCURATE TO SAY THE PROCESS IS "STARTING" IN JANUARY. BUT, EVERYONE ALREADY KNEW THAT. LOL
AUDITED 2016 FINANCIALS
UPDATED LIBRARY VALUATION
AUDITED 2017 FINANCIALS
AUDIT LETTER - FORM 10
SEC REVIEW (60 DAYS MAX)
UPLIST TO OTCQB
SELDOM DOES A $0.10-$0.30 STOCK TRADE BELOW $0.02. TREMENDOUSLY UNDERVALUED
IRS ACKNOWLEDGES LEVY ERROR - HHSE management is pleased to report that a levy issued by the IRS for "estimated payroll taxes" has been corrected and relieved after providing required documentation for the payroll reporting periods previously in question. We have been told that the IRS levy will be lifted (and customers notified) within the next 21 days, and the future reporting of payroll taxes (through our third-party payroll service) will correctly identify the Employer I.D. Numbers that sparked the arbitrary / estimated assessment in the first place.
SELDOM DOES A $0.10-$0.30 STOCK TRADE BELOW $0.02. TREMENDOUSLY UNDERVALUED. A GREAT BUYING OPPORTUNITY FOR ANYONE NOT ALREADY LOADED WITH SHARES AND READY FOR THE TAKE-OFF.
FORM 10, AUDIT, UPLIST - STARTING JANUARY 2018
OF UTMOST IMPORTANCE: MUST READ: UPLIST - While HHSE does need to "uplist" - we DON'T need to do a corporate-merger with another entity to achieve this goal. We were enticed by the offer of working capital and access to production funds from Crimson Forest, and thus our long, slow-dance this past year to try and complete a corporate merger. But in the end, we have determined that we do NOT need to dilute our shareholders by 42% (or any amount) in order to become fully registered and uplisted. Fortunately, the time we spent attempting to complete the Crimson merger enabled HHSE to get our audit materials and records in order to quickly facilitate a re-filing of our Form 10 Registration promptly following 12-31-17.
HHSE will have its biggest December ever, THANKS TO BATTLECREEK and BILL SKARSGARD OF THE BLOCKBUSTER $350m+ MOVIE "it". 2017Q4 REVENUES WILL REFLECT. DAISY WINTERS IN THE NEXT POST THEATRICAL MONEYMAKER for HHSE
http://hannoverhousemovies.blogspot.com/2017/11/battlecreek-theatrical-launch-meeting.html
HHSE Board of Directors approves Uplisting / Registration Costs
Dear HHSE Friends, Followers & Shareholders: At a special meeting of the Board of Directors of Hannover House, Inc., held on Thursday, October 19 at 11:00-am, the Board voted unanimously to immediately reinstate the prior filing activities to register the company's stock shares with the Securities and Exchange Commission (Form 10). The Board also authorized the following budgetary expenditures - to be funded from ongoing cash flows - to promptly complete this task:
HHSE
Steps and Budget for UPLISTING
Item
Description
Amount
1
Internal Data Entry
$ 4,000
2
Completion of New Library Valuation
$ 20,000
3
Outside CPA Review
$ 4,500
4
PCAOB Audit
$ 50,000
5
Legal Review & Drafting
$ 6,500
6
Registration S.E.C. Filings & XBRL
$ 3,250
FIRST TIME - UPLIST REGISTRATION COSTS
$ 88,250
Ongoing Quarterly Auditor's Review
$ 5,000
Ongoing Quarterly Attorney's Review
$ 2,000
Annual Review of Q4 & prior 3-Q's
$ 20,000
Annual Attorney review and drafting
$ 3,000
ANNUAL MAINTENANCE TOTALS
$ 44,000
The one-time costs for the registration / uplist are estimated at $88,250. The ongoing (annualized) maintenance costs are estimated at $44,000 (inclusive of the Quarterly Reviews by the PCAOB Auditing firm, and the annual year-end report and legal review).
Based on current cash flow and resources - and considering the anticipated benefits to the Company and its shareholders for HHSE as a fully registered equity - the Board has authorized the immediate implementation of this plan and the authorization of these expenditures.
The Board believes that Fully Registered Shares will be more attractive to HHSE program suppliers and investors - as well as to institutional investors and hedge funds - and that pursuing these activities now is a good use of ongoing cash flows.
PRODUCT$-PRODUCT$-PRODUCT$. GETTING.GRACE-WHERE'S.THE.DRAGON-BLOODFEAST-DAISY.WINTERS-BATTLECREEK & OTHERS
GETTING GRACE - Hot on the heels of a major NYC Market festival SWEEP of all major awards, HHSE will be releasing this Faith-Based Comedy-Drama nationwide on February 10, 2018 - with an outreach campaign that includes mega-churches and a key-market BUS TOUR with star and director DANIEL ROEBUCK ("Matlock", "The Fugitive") to drive local market enthusiasm.
****
WHERE'S THE DRAGON - With the dissolution of the merger between HHSE and Crimson Forest, the company is finally cleared to revert back to the terms of the Dec. 2016 distribution agreement for this title. Accordingly, on February 3, 2018, this enchanting Animated Feature will be released to theatres in key markets, in advance of a May, 2018 Home Video and V.O.D. launch.
****
DEATH HOUSE - A wild horror-comedy from the producer of "Bill & Ted's Bogus Journey" is building strong horror-market enthusiasm from conventions and specialty sites. Opens Jan. 19, 2018 in a yet-undetermined (but significant) number of theatres!
****
CHOSEN - this impressive World War II thriller continues to get theatrical bookings in key USA markets, and now into CANADA (Toronto, Ottawa, Calgary and Vancouver)... watch for playdates in December and January.
****
BLOODFEAST - Now that the MPAA has approved our fourth edit for "R-Rating Status" - we can FINALLY get mainstream theatres to book this picture... watch for a roll-out beginning Nov. 17 into top markets (staggered over a 2-month period).
****
DAISY WINTERS - a much broader release (over 100 theatres) is set for December 1st for this awards-worthy drama featuring stunning performances from Brooke Shields and a breakout performance from young Sterling Jerins in the title role. The Media support has already begun, fueled by the Hannover House MEDIA DAY in NYC on Sept. 26, plus a special event premiere at the Regal Union Square (NYC) on Oct. 5. Already, Brooke has appeared on several national talk shows promoting DAISY WINTERS, including Bravo's WATCH WHAT HAPPENS LIVE and the highly rated TODAY SHOW on NBC. Much more to come, including major feature stories in People Magazine, USA Today, Closer, In-Touch, ACCESS HOLLYWOOD, EXTRA and E! TV.
****
BLOODFEAST - Now that the MPAA has approved our fourth edit for "R-Rating Status" - we can FINALLY get mainstream theatres to book this picture... watch for a roll-out beginning Nov. 17 into top markets (staggered over a 2-month period).
DAISY WINTERS - a much broader release (over 100 theatres) is set for December 1st for this awards-worthy drama featuring stunning performances from Brooke Shields and a breakout performance from young Sterling Jerins in the title role. The Media support has already begun, fueled by the Hannover House MEDIA DAY in NYC on Sept. 26, plus a special event premiere at the Regal Union Square (NYC) on Oct. 5. Already, Brooke has appeared on several national talk shows promoting DAISY WINTERS, including Bravo's WATCH WHAT HAPPENS LIVE and the highly rated TODAY SHOW on NBC. Much more to come, including major feature stories in People Magazine, USA Today, Closer, In-Touch, ACCESS HOLLYWOOD, EXTRA and E! TV.
BATTLECREEK - the acclaimed dramatic thriller from director ALISON EASTWOOD opens in two weeks (Nov. 3), in approx. 20 locations in key USA Markets. The film's primary star is BILL SKARSGARD, well-known from his current smash hit "IT" (he plays Pennywise, the scary clown), and his upcoming Stephen King TV series, "Castlerock." We have been fortunate to receive major media support for BATTLECREEK, including National TV show placements on: ACCESS HOLLYWOOD, EXTRA, E! and ENTERTAINMENT TONIGHT, and Alison Eastwood interview appearances on FOX AND FRIENDS, THE VIEW, TALK, GOOD DAY NY and HOME AND FAMILY. There will be an "Eastwood Family Screening Event" in Los Angeles on opening night (Nov. 3), which will be open to the public (and is expected to generate good attendance).
BOGUS DEFAULT JUDGMENTS EVAPORATED: PHOTOG($2.2M),TCA($400K),REDBULL($250K),AMITYVILLE($300K).
THESE BOGUS DEFAULTS WERE SUPPOSED TO BK THE COMPANY. LMAO.
VODWIZ UPDATE - As anticipated, we have closed a major studio venture that will provide tonnage of product to VODWIZ, including a large quantity of recent, theatrical hits. The totality of programming that will be available to consumers through VODWIZ appears to be on track to being second only to Amazon at this point. We see VODWIZ as a major portal for home entertainment digital streaming access, and potentially "the tail that wags the dog" so to speak. Additionally, we are about a week away from the anticipated finalization of a private funding structure to finance the costs associated with building the VODWIZ website (to Amazon Digital infrastructure standards), and all other pre-launch and initial consumer launch costs for this venture.
MORE VODWIZ - there's another MAJOR STUDIO ALERT in the works! Over the past three years of development, two Major Studios (each offering a small "test quantity" of titles for VODWIZ), were secured to support the initial launch of this streaming operation. Now, we are poised for a very major development of a third Major Studio with over 500 high-profile, ready-to-place titles available for the VODWIZ streaming platform. HHSE key managers (Fred Shefte and Eric Parkinson) are meeting at the studio in southern California on Friday to discuss the logistics of this venture, which is already documented through a participation term sheet.
DAISY WINTERS WILL EASILY MAKE $2.5M+ FROM POST-THEATRICAL REVENUE SOURCES SUCH AS DVDS, BLUE RAYS, TV AND VOD (NETFLIX, VODWIZ, ETC). AS EVERYONE KNOWS, A THEATRICAL RELEASE SIMPLY SATISFIES REQUIREMENTS AND GREATLY AMPLIFIES LIFETIME REVENUES OF A TITLE.
"BATTLECREEK" PROVED THAT POST-THEATRICAL PROCEEDS ARE WHAT MATTER. THEATRICAL RELEASE OF SMALL INDIE MOVIES ARE JUST PRE-REQUISITES FOR MUCH LARGER PROFITS FROM DVD, BLUE RAY, VOD AND TV REVENUES. JUST LOOK AT THE RATIO OF BATTLECREEK PROCEEDS FROM BOX OFFICE VS. $1M+ PROCEEDS FROM POST-THEATRICAL REVENUES.
BUT EVERYONE ALREADY KNEW THIS, SINCE IT WAS CLEARLY EXPLAINED IN THE BLOGS AND PROVEN IN THE MARKETPLACE MANY TIMES.
http://hannoverhousemovies.blogspot.com/2017/11/battlecreek-theatrical-launch-meeting.html
How major? Well - based on video preorders already received from Walmart, Target, Best Buy, K-Mart and Family Video - BATTLECREEK will be the largest new release video shipment since 20th Century Fox Home Video shipped over 250,000 units of "TWELVE" for HHSE back in January, 2011. Because of what happened THIS WEEKEND with BATTLECREEK in theatres, HHSE will have our biggest December ever.
"BATTLECREEK" IS ALREADY A $1MILLION+ HHSE MOVIE, AND THE REVENUES ARE JUST GETTING STARTED. SECOND LARGEST SHIPMENT EVER FOR HHSE.
http://hannoverhousemovies.blogspot.com/2017/11/battlecreek-theatrical-launch-meeting.html
Wow!! Incredibly good post full of info pointing to reasons to stay long and strong. Thanks niko
Thanks for this well constructed post Nik. Still long myself and very encouraged. I believe HHSE has turned a corner and shaping up nicely.
Good post Myth. I agree.
Thanks for the explanation.
Please forgive my inexperience with RS and ETNs. Can someone please explain (in simple terms) why an RS is not being considered as bad as it would be on a "normal" stock. I'm not following statements like the post that said.....
"Is irrelevant. UGAZ, UWTI, DGAZ, DWTI, ETNs are exactly like DOW, SPR, QQQ... tracking vehicles for traders, NOT stock investments. RS have ZERO affect. ONLY price that affects is underlying commodity, in this case NG, aside from normal time decay w/options/contracts. "
Pretty COOL. Go HHSE.
Yes it did. Please do share more about HHSE.
this worked WONDERS!!!!!!
any more updates?
We could hit 03 today with the right stickies.....
A LOT of good information here. Thanks for posting it. HHSE. Newbies will see the potential here.
This may help NG. How soon if so?
Any opinions regarding this article?
http://www.telegraph.co.uk/finance/newsbysector/energy/11563761/US-to-launch-blitz-of-gas-exports-eyes-global-energy-dominance.html
The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe.
"We anticipate becoming big players, and I think we'll have a big impact," said the Ernest Moniz, the US Energy Secretary. "We're going to influence the whole global LNG market."
Mr Moniz said four LNG export terminals are under construction and the first wave of shipments may begin before the end of this year or in early 2016 at the latest.
“Certainly in this decade, there’s a good chance that we will be LNG exporters on the scale of Qatar, which is today’s largest LNG exporter,” he said, speaking on the margins of the IHS CERAWeek energy summit in Texas.
Qatar exports just over 100 billion cubic meters (BCM), though Australia is catching up fast as the offshore Gorgon field comes on stream. It may pull ahead of Qatar later this decade.
Mr Moniz said the surge in US output from shale fracking has already transformed the global market. "We would have been importing a lot of LNG by now. Those cargoes would have gone elsewhere and have in fact had a significant impact in the European market,” he said.
Gas frackers assembled at the world's "energy Davos" in Houston said exports could ultimately be much higher, potentially overtaking Russia as the world's biggest supplier of natural gas of all kinds.
"We're just fifteen years into a 150-year process," said Steve Mueller, head of Southwestern Energy, the fourth biggest producer of gas in the US .
The mile-deep Marcellus basin stretching from West Virginia through Pennsylvania to New York state is driving the explosive growth. Interlocking fractures in the rock make it possible for a single well with advanced technology to extract much more gas than thought possible just five years ago.
Once thought to be in decline, the Marcellus alone produces 113 BCM a year. This is roughly equivalent to Russia's exports to Europe through the Nord Stream, Yamal, and Brotherhood pipelines.
Mr Mueller defiantly sweeps aside those who claim that the US fracking industry is in serious trouble, insisting that drilling costs are coming down so fast that his company - and others - are staying a step ahead of falling prices.
"Rig efficiency was flat for thirty years but since then we've cut by five times. We have set in motion something that you can't deny and is irresistible," he said.
Mr Mueller said it had taken his company 17 days to drill a 2,600 ft well as recently as 2007. It has just drilled a 5,400 ft well in six days. "The new technology is amazing. We have a drill-bit with a chip inside that makes its own changes," he said.
He is continuing to invest heavily and hopes to boost output by up to 10pc annually for the next three years, despite a drop in gas prices to around $2.60 per million British thermal units (BTU). "If it stays around $3, we'll be fine," he said.
The US Energy Information Administration (EIA) expects gas prices to rise to $4.88 in real terms by 2020, and $7.85 by 2040.
What is remarkable is that US drillers can produce a third more natural gas today with 280 rigs than they did in 2009 with 1,200 rigs. Total shale output has soared to over 350 BCM from almost nothing a decade ago. It now makes up half of US gas production.
The Obama administration has so far been slow to approve new export terminals for LNG, partly because of concerns that the US would lose its massive advantage in energy and feedstock costs for industry.
Gas sells at for $7 in Europe, and over $10 in North-East Asia, four times more expensive. This cost-gap has been a key driver behind America's so-called "manufacturing renaissance", stoking an investment boom in chemicals, plastics, and glass, and saving the country's steel mills from slow death.
That Rocks! HHSE
HHSE Nice News.
Theatrical Titles Lead Impressive Summer Schedule for Hannover House and Medallion Releasing
http://finance.yahoo.com/news/theatrical-titles-lead-impressive-summer-151500902.html?soc_src=mail&soc_trk=ma
Nicely done speckulater. Thanks for compiling this info on HHSE.
It's good news. I bet there is more to come.
HHSE has really turned a corner here!
I agree. I think we're headed for a great 2015! HHSE
Nice !!!! HHSE
Nice! Wish I could be there. HHSE
Wow. Nice. Bright future for HHSE!
Ha. Does seem that way. Didn't the turtle win the race though? HHSE
Good advice.
Funny. I bought Spongetech sponges at wal-mart too. Bought into the pathological lying BS that remains here as well. Only difference is that I actually made money on SPNG. Interesting comparison to HHSE. Good post dieter.
Funny. i do the same thing with my phone.
Interesting. May give this puppy a boost???