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$65 mm merger! Fantastic news
$$HHSE$$ Crimson Forest and Hannover House Initiate Corporate Merger to Become Major Independent Distributor
--Combined Company to Launch Slate of High-Profile Films for Theatrical, Home Video and International Release--
LOS ANGELES, April 26, 2017 /PRNewswire/ -- Feature Film Production Company Crimson Forest Entertainment Group Inc. (CRIM) and specialty theatrical and home video distributor Hannover House, Inc. (HHSE) have confirmed plans to merge operations under a stock-swap and financing plan, scheduled to be effective as of May 1, 2017.
Andy Lau stars in Shock Wave to hit theaters May 5th in North America.
Andy Lau stars in Shock Wave to hit theaters May 5th in North America.
More
The combined company will immediately launch production activities on a slate of high-profile feature films that will drive the theatrical, home video and international release schedules for the coming years.
Formed in 2010, and financed with investment capital and presales from China, Crimson Forest Entertainment has successfully financed and acquired several films for international and North America distribution. PALI ROAD was the first Hawaii-China co-production, starring Jackson Rathbone from the "The Twilight Saga," Sung Kang from "Fast & Furious," Henry Ian Cusick, known for his roles in "L.O.S.T.," and "The 100," and Chinese Celebrity Michelle Chen. The film premiered at the Hawaii International Film Festival and went on to win several awards, including "Best Actress" "Best Cinematography" and a "Best Director" award at the 12th Annual Chinese American Film Festival. The film was released theatrically, both in North America and China, and in Malaysia earlier this month.
Formed in 1993 and growing into one of the top independent distributed labels in North America, Hannover House, Inc. has direct distribution relationships for all major theatre circuits, principal media outlets, and wholesale access to major home video retailers and mass merchants. Hannover House has released more than 50 films to theatres and more than 300 titles to the Home Video Market in the United States, including titles such as "Grand Champion" (with Bruce Willis, Julia Roberts and George Strait) and director Joel Schumacher's teen angst thriller "Twelve" (starring Curtis "50-Cent" Jackson, Emma Roberts, Ellen Barkin and Chase Crawford).
"There is a growing need for specialty independent distributors," said Jonathan Lim, CEO of Crimson Forest Entertainment. "There is a lot of quality product out there that is being ignored and we are excited that Hannover House has partnered with us in releasing these films. It will bring much needed diversity to audiences in North America, and growing commercial success for the combined company," he concluded.
"A Crimson Forest and Hannover House merger is expected to fill the demand from independent and international productions, which seek distributors that have direct access to theatrical, as well as Home Video and VOD & Digital sales," said Eric Parkinson, CEO of Hannover House. "We're optimistic about what these new opportunities and corporate structure will bring to Hannover House and our shareholders and excited by the upcoming titles that we will be announcing and releasing in the upcoming weeks, which we fully anticipate will have a substantial impact on the growth of our combined company, " said Parkinson.
One of the first new titles to be released under the combined Crimson Forest -- Hannover House structure is the $20-million dollar action thriller feature "Shockwave" starring Andy Lau and Jiang Wu. The film will be co-released together with CMC Pictures in North America next month.
Under the newly merged company, the board of directors will be comprised as follows: Jonathan Lim (Chairman), Eric Parkinson (CEO), Fred Shefte (President) and Tom Sims (V.P. Sales). The existing offices for Hannover House, Inc. and its affiliate Medallion Releasing, Inc. in Fayetteville, Arkansas will remain as the primary distribution operations office. The Los Angeles offices for Crimson Forest will serve as the company's corporate and production headquarters, and the Crimson Forest office in Shanghai, China, will continue to operate as the finance office for the funding of new productions and releasing costs. Crimson Forest is also negotiating for the acquisition of other, complementary media companies to add to the enhanced distribution entity. Included in the corporate merger are Hannover House affiliates, Medallion Releasing, Inc. and Bookworks, Inc., respectively handling theatrical and publishing ventures.
For more information, contact ERIC PARKINSON, Hannover House, Inc. / Medallion Releasing, Inc., 479-521-5774 or 818-481-5277, Eric@HannoverHouse.com.
$HHSE
NEWS!!! Crimson Forest and Hannover House Initiate Corporate Merger to Become Major Independent Distributor
--Combined Company to Launch Slate of High-Profile Films for Theatrical, Home Video and International Release--
LOS ANGELES, April 26, 2017 /PRNewswire/ -- Feature Film Production Company Crimson Forest Entertainment Group Inc. (CRIM) and specialty theatrical and home video distributor Hannover House, Inc. (HHSE) have confirmed plans to merge operations under a stock-swap and financing plan, scheduled to be effective as of May 1, 2017.
Andy Lau stars in Shock Wave to hit theaters May 5th in North America.
Andy Lau stars in Shock Wave to hit theaters May 5th in North America.
More
The combined company will immediately launch production activities on a slate of high-profile feature films that will drive the theatrical, home video and international release schedules for the coming years.
Formed in 2010, and financed with investment capital and presales from China, Crimson Forest Entertainment has successfully financed and acquired several films for international and North America distribution. PALI ROAD was the first Hawaii-China co-production, starring Jackson Rathbone from the "The Twilight Saga," Sung Kang from "Fast & Furious," Henry Ian Cusick, known for his roles in "L.O.S.T.," and "The 100," and Chinese Celebrity Michelle Chen. The film premiered at the Hawaii International Film Festival and went on to win several awards, including "Best Actress" "Best Cinematography" and a "Best Director" award at the 12th Annual Chinese American Film Festival. The film was released theatrically, both in North America and China, and in Malaysia earlier this month.
Formed in 1993 and growing into one of the top independent distributed labels in North America, Hannover House, Inc. has direct distribution relationships for all major theatre circuits, principal media outlets, and wholesale access to major home video retailers and mass merchants. Hannover House has released more than 50 films to theatres and more than 300 titles to the Home Video Market in the United States, including titles such as "Grand Champion" (with Bruce Willis, Julia Roberts and George Strait) and director Joel Schumacher's teen angst thriller "Twelve" (starring Curtis "50-Cent" Jackson, Emma Roberts, Ellen Barkin and Chase Crawford).
"There is a growing need for specialty independent distributors," said Jonathan Lim, CEO of Crimson Forest Entertainment. "There is a lot of quality product out there that is being ignored and we are excited that Hannover House has partnered with us in releasing these films. It will bring much needed diversity to audiences in North America, and growing commercial success for the combined company," he concluded.
"A Crimson Forest and Hannover House merger is expected to fill the demand from independent and international productions, which seek distributors that have direct access to theatrical, as well as Home Video and VOD & Digital sales," said Eric Parkinson, CEO of Hannover House. "We're optimistic about what these new opportunities and corporate structure will bring to Hannover House and our shareholders and excited by the upcoming titles that we will be announcing and releasing in the upcoming weeks, which we fully anticipate will have a substantial impact on the growth of our combined company, " said Parkinson.
One of the first new titles to be released under the combined Crimson Forest -- Hannover House structure is the $20-million dollar action thriller feature "Shockwave" starring Andy Lau and Jiang Wu. The film will be co-released together with CMC Pictures in North America next month.
Under the newly merged company, the board of directors will be comprised as follows: Jonathan Lim (Chairman), Eric Parkinson (CEO), Fred Shefte (President) and Tom Sims (V.P. Sales). The existing offices for Hannover House, Inc. and its affiliate Medallion Releasing, Inc. in Fayetteville, Arkansas will remain as the primary distribution operations office. The Los Angeles offices for Crimson Forest will serve as the company's corporate and production headquarters, and the Crimson Forest office in Shanghai, China, will continue to operate as the finance office for the funding of new productions and releasing costs. Crimson Forest is also negotiating for the acquisition of other, complementary media companies to add to the enhanced distribution entity. Included in the corporate merger are Hannover House affiliates, Medallion Releasing, Inc. and Bookworks, Inc., respectively handling theatrical and publishing ventures.
For more information, contact ERIC PARKINSON, Hannover House, Inc. / Medallion Releasing, Inc., 479-521-5774 or 818-481-5277, Eric@HannoverHouse.com.
$HHSE
Shorts will have to cover! Wuup, short squeeze
Shorts are trying really hard to suppress the PPS!
Fake walls appear all the time
It's time for shorts to cover, short squeeze
$HHSE
Facts is what I rely on!
Personal opinions doesn't matter, it's all there $65 mm in funding
Quote from ace here:
$15M civil slander case coming. FBI investigating terroristic threats against HHSE management. Charges to those individuals probable.
This is what will turn have into a powerhouse and the next Lionsgate!!
HHSE = next lionsgate
DTC WILL BE COUNTING HHSE SHARES SOON. SHORT PANTS DOWN
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ
DTC WILL BE COUNTING HHSE SHARES SOON. SHORT PANTS DOWN
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ
Biography of the HHSE team! Transforming the company into a POWERHOUSE!
Biography:
Eric Parkinson http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115039773
Fred Shefte http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113839884
Tom SIMS http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121747852
April 14th only 4 days away! $65mm merger! Uplist (will it be NASDAQ?)
HHSE $65 mm - MERGER!! HHSE = NEXT LIONSGATE
Item 11 A1-A6 – Supplemental Disclosures.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently
Page 22
structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ.
HHSE 10-K Annual Report - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
If shares are traded solely on news, the traders will have a hard time making money. The expectations for this news to hit HARD very soon is as close as it gets to a guarantee. Fooooot foooooooot the train is leaving
You are correct sir. BUT that won't last long. The questions is if they are going straight to NASDAQ or if they will use more steps to reach it
Some BIG stuff for a pinksheet company! or should I say former!!
HHSE $65 mm - MERGER!! HHSE = NEXT LIONSGATE
Item 11 A1-A6 – Supplemental Disclosures.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently
Page 22
structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ.
HHSE 10-K Annual Report - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
Shorts will have to cover soon! They have protected the 0.015 area like crazy! I wonder if we break through we will see a short squeeze?
April 14th - 4 days away! Exciting times to be HHSE investor
The chart looks fantastic! Up up up
10-K: ****MERGER Disclosure**** $65,000,000_Funding, NASDAQ, Venture Partners, DD
HHSE / Public Equity Merger Disclosure
Item 11 A1-A6 – Supplemental Disclosures.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently
Page 22
structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ.
HHSE 10-K Annual Report - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
10-K: MERGER Disclosure$65,000,000_Funding, NASDAQ, Venture Partners, DD
HHSE / Public Equity Merger Disclosure
Item 11 A1-A6 – Supplemental Disclosures.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently
Page 22
structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ.
HHSE 10-K Annual Report - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
Interview: HHSE CEO Talks Market Trends, New Opportunities
Published on Apr 3, 2017
Jasyn Blair Interviews Eric Parkinson, CEO for Hannover House, Inc. (HHSE), talk about the changes in market trends in the entertainment industry and pursuing new opportunities for growth for the company
Interview: HHSE CEO Talks Market Trends, New Opportunities
Published on Apr 3, 2017
Jasyn Blair Interviews Eric Parkinson, CEO for Hannover House, Inc. (HHSE), talk about the changes in market trends in the entertainment industry and pursuing new opportunities for growth for the company
$HHSE$ $65mm MERGER!
Bulletpoints:
* HHSE and another fully registered public equity.
* Mutually executed a letter of intent agreement for a corporate merger
* Significant impact to the financial strength, operations, profile and activities of HHSE
* Contemplated as a stock-for-stock swap
* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control
* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.
* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.
* Immediate and significant premium value to HHSE shareholders
* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)
* Merger currently under review and is anticipated to be resolved on or before April 14, 2017
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ
HHSE 10-K Annual Report (Page 22) - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
$HHSE$ $65mm MERGER!
Bulletpoints:
* HHSE and another fully registered public equity.
* Mutually executed a letter of intent agreement for a corporate merger
* Significant impact to the financial strength, operations, profile and activities of HHSE
* Contemplated as a stock-for-stock swap
* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control
* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.
* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.
* Immediate and significant premium value to HHSE shareholders
* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)
* Merger currently under review and is anticipated to be resolved on or before April 14, 2017
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ
HHSE 10-K Annual Report (Page 22) - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
I don't think longs have been holding for that many years just to flip it. 7 years of patience will pay off big time now! Just hold it, they are building a monster in the movie distribution business
The only things which matter is that HHSE will stay in control. Just grab some HHSE shares while they are still cheap (anything less than .1)
April 14th! 6 more days!!
Give us some major news and bring HHSE into the big league $$$$$
$HHSE$ $65mm MERGER!
Bulletpoints:
* HHSE and another fully registered public equity.
* Mutually executed a letter of intent agreement for a corporate merger
* Significant impact to the financial strength, operations, profile and activities of HHSE
* Contemplated as a stock-for-stock swap
* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control
* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.
* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.
* Immediate and significant premium value to HHSE shareholders
* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)
* Merger currently under review and is anticipated to be resolved on or before April 14, 2017
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ
HHSE 10-K Annual Report (Page 22)
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
$HHSE$ $65mm MERGER!
Bulletpoints:
* HHSE and another fully registered public equity.
* Mutually executed a letter of intent agreement for a corporate merger
* Significant impact to the financial strength, operations, profile and activities of HHSE
* Contemplated as a stock-for-stock swap
* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control
* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.
* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.
* Immediate and significant premium value to HHSE shareholders
* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)
* Merger currently under review and is anticipated to be resolved on or before April 14, 2017
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ
HHSE 10-K Annual Report (Page 22)
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
$HHSE$ $65mm MERGER!
Bulletpoints:
* HHSE and another fully registered public equity.
* Mutually executed a letter of intent agreement for a corporate merger
* Significant impact to the financial strength, operations, profile and activities of HHSE
* Contemplated as a stock-for-stock swap
* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control
* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.
* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.
* Immediate and significant premium value to HHSE shareholders
* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)
* Merger currently under review and is anticipated to be resolved on or before April 14, 2017
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ
HHSE 10-K Annual Report (Page 22) - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
HHSE:$65 mm MERGER! Possible uplist to Nasdaq?
Item 11 A1-A6 – Supplemental Disclosures.
HHSE: $65mm MERGER! Possible uplist to Nasdaq!
Item 11 A1-A6 – Supplemental Disclosures.
HHSE: MERGER! Possible uplist to Nasdaq?
Item 11 A1-A6 – Supplemental Disclosures.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently
MERGER Disclosure: 10-K; HHSE / $65,000,000 Production/Distribution Financing
Item 11 A1-A6 is where you find the gold!
HHSE 10-K Annual Report - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732
MERGER Disclosure: 10-K; HHSE / $65,000,000 Production/Distribution Financing
Item 11 A1-A6 – Supplemental Disclosures.
MERGER Disclosure: 10-K; HHSE / $65,000,000 Production/Distribution Financing
Item 11 A1-A6 – Supplemental Disclosures.