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.
HHSE Blog update ... I don't have comments but am interested in any thoughts.
http://www.hannoverhousemovies.blogspot.com/
HHSE Corporate Activities - Week of May 3, 2013
Dear HHSE Friends and Shareholders - The coming week is poised to be historic in stature for Hannover House, in that we are approaching completion of long-delayed corporate governance and operational matters.
1). AUDITS -- The Company took so long to get our supporting materials together that we ended up moving the audit year periods to 2011 and 2012 (instead of 2010 as the first year). This is good for several reasons. First of all, it's the "two most current" years, which is a customary Edgar filing requirement. Secondly, it answers some of the concerns previously posed about having the "starting point" for the 2010 audit being the vague numbers provided to Hannover House from the company's prior management covering 2009 and earlier years. Finally, having the audits for 2011 and 2012 covers the periods during which our payables tracking (and account assignments) have been in place. We're handing this all off to the auditors on Friday, and will encourage them to move expeditiously in their review.
2). REGISTRATION WITH EDGAR / S.E.C. -- We have completed a Form 10 Registration for the Company's stock, but not yet filed with the S.E.C. due to conflicting information about eligibility for filing prior to audits. Company has engaged a securities attorney to review our Form 10 and advise if we are eligible to proceed with the filing now (sans audits). The S.E.C. Edgar Filing Department has been helpful and receptive, but cannot substitute for the advice we are seeking from independent securities counsel. If we are advised by counsel to file this week, we will do so and will post an update to our shareholders in this matter.
* * * * *
With respect to the above two "critical issues," both Parkinson and Shefte offer shareholders a sincere apology for the delays in completing these matters. There simply has not been "enough hours in every day" to get our core distribution duties addressed, and still leave the hours of time required to address tedious corporate governance issues. The back-up history of sales and costs for library titles was not in an audit-friendly format (i.e., cases of old records in deep storage to retrieve and sort-through), and the Edgar reporting issues proved too complex to attempt without securities counsel's help (so this has now risen to a priority cash issue). It's been no secret that the Company has been instantly reinvesting / reallocating cash flow revenues for operations, new releases and debt management... leaving little crumbs for "unusual" expenses such as the advice of outside securities counsel. But we're sucking-it-up and getting it done - both the daily commitments AND the long-term corporate issues - for the sake of all shareholders.
* * * * *
3). MULTI-STUDIO DISTRIBUTION PACT -- We have discussed in prior disclosures and blogs that the Company is structuring an exciting "multi-studio" distribution pact. To meet late Summer / early Fall release slots, a major effort is underway to conclude this structure within the next two weeks (if it's going to happen); while Hannover House is happy with our current distribution conduit structures (both direct and through two-step wholesalers), we feel that the new structure as proposed could result in a 2X or greater improvement in overall sales... so it's absolutely been a major priority of the management time invested.
4). NEW ACQUISITIONS -- Lots of activities in this arena for new films and titles for home video and VOD release. As and when announcements of these new title acquisitions are approved by the licensors, these will be posted.
Parkinson and Shefte are committed to conmpleting the corporate governance items, and will work diligently to restore the support of shareholders.
VSEC - chart looks to be near a short-term top so sold my trading shares today. Not a 10-bagger potential but a safer value play ...
PLSB - now in Albertsons. They are not (yet) in Florida (I'm guessing due to transportation costs) ... if anyone sees Cabana in Safeway, Albertsons' etc, please let me know!
"Pulse Secures Cabana(TM) Regional Listings for Albertsons and Food City"
http://finance.yahoo.com/news/pulse-secures-cabana-tm-regional-130000901.html
HURC- $116K insider buy ... still very much liking this one!
http://www.openinsider.com/search?q=HURC
VSEC - stock has been performing well and more good news. Looks to be a good pickup and still only a PE of 7.
"VSE Awarded $24M to Support the U.S. Army’s FMS Maritime Defense Systems"
http://finance.yahoo.com/news/vse-awarded-24m-support-u-210600156.html
Vacation was great ... our first time doing a Mexico all-inclusive resort, just to relax!
I'm surely not going to panic-sell any HHSE ... I don't have the conviction to take advantage of these prices, however. If TITA had rolled out to all Walmarts by now, then I probably would be picking up more shares.
I'm back from vacation ... the HHSE action today is not a nice welcome back!
Wish I had some confidence to puchase more at these prices...
Malc, as you know I had recently been intrigued by UURAF and it now looks even better. Still need to spend some time studying up on it and hope my lack of free time does not result in a missed opportunity ... like IRE late last year.
I think we are commingling two scenarios: short attacks vs. the company technology/fundamentals. I agree issues with the latter would be devastating, but share-price declines due to short-attacks would only be temporary in effect (and thus only an opportunity for longs), no?
Thanks for the Blog!
When reading it, I could not keep hearing in my head "in the short-term the stock market is a voting machine, but in the long-term it is a weighing machine".
If so, wouldn't an 'artificially' low share price be an even better opportunity in the long term?
I guess I'm asking, if indeed the share price has been manipulated downwards, as the company proves itself, won't share price recover eventually and reward buyers at these prices to an even greater extent than without the manipulation?
Just trying to get my head around your thinking long-term how this might play out?
HHSE - I like that they are *not* using using the undisclosed Fotis shares as an excuse. If they were liars (as many would lead us to believe), I'm sure they would take advantage of this as an additional excuse.
If everything is truthful (which I believe) then we are -- of course -- WAY undervalued.
Hi Malc,
Always nice to take some time off with family, of course!
UURAF looks like it could be a nice bottom feeder right now. Do you think the chart is essentially a slog down due to impatience and lack of news? If so, I'm still not sold on it completely, but might acquire some trading shares... should go up on any decent news.
VSEC has been a good performer ... perhaps this quiet message board is not a bad thing ... getting in ahead of the crowd!
VSEC - more good news today... glad I had doubled my position.
"VSE Awarded $24M to Support the U.S. Army’s FMS Maritime Defense Systems"
http://ih.advfn.com/p.php?pid=nmona&article=57111422&symbol=VSEC
INO - good news today, but bad news last week. I understand that the Chrontech vacine (which leverages INO's electroportation) is one of the less important trials but I need to investigate whether or not this poor result has any bearing on INO's proprietary vaccine trials.
"Inovio Pharmaceuticals & U.S. Army Receive $3.5 Million Biodefense Grant to Further Develop Mass Vaccination Device"
http://ih.advfn.com/p.php?pid=nmona&article=57102567&symbol=INO
"Inovio Collaborator ChronTech Reports Interim Phase II Clinical Study Results from ChronVac-C Vaccine for Hepatitis C Infection"
http://ih.advfn.com/p.php?pid=nmona&article=56984006
I've lost track ... when is TITA slated to hit the shelves in Walmart?
EXMGF/MIN.V - Intersting article ... at least someone else thinks Excelsior is dramatically undervalued. We'll see this year!
http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32444650&l=0&r=0&s=MIN&t=LIST
ARE YOU KIDDING ME? $8M was sold at $0.60 in 2011 and the price is only $0.12 today? If I bought the financing I would probably shoot the guy that sold me that paper. Either they completely misjudged the project and priced it way too expensive or the financier is one that likes to rape and pillage its own companies liek most Howe Street Vultures. The current valuations for a development project like Excelsior’s Gunnison ISR Copper Project with 498Mt of Measured & Indicated copper is completely nutty and absolutely insane. ‘Forbes West’ should be thrown into the insane asylum for not buying shares in the open market at this price. Almost all the paper issued was priced 4 to 5 times the current market. You are getting MIN.V at an 80% discount to what the ‘pros’ originally financed Gunnison at. And believe you me… they bought in at that price thinking they would make money and Excelsior would go higher, not lose nearly 70%-80% of their original investment.
· $3M at $0.50 in fall of 2010
· $8M at $0.60 in spring of 2011
· $1M at $0.30 in summer of 2012
MIN.V is one of those stories where you just scratch your head and wonder why it has gotten this cheap? Oh never mind, it trades on the Vulture Exchange where the savvy pros wait till companies are near extinction before taking large percentages of companies that should never have been trading at that price in the first place. Like where MIN is today.
Who wants a HUGE CHUNK OF MIN.V CHEAPER THAN ANY ONEELSEHASGOT IT?
I am sure you could do a million at $0.15 in a second, the way copper is breaking down… hell, MIN might do a million at $0.10 tomorrow if you promise to by another $1M on the open market.
In-situ Recovery: Bigger is not always better
Gunnison isn’t the biggest or the best of the copper projects. It doesn’t have the highest Net Present Value and projects like Schaft Creek or Casino will produce 3 to 4 times the rate of Gunnison or Florence, but what they don’t make up on MASS VALUE they make up in efficiency. MIN and CUV’s ISR projects in Arizona are undeniably the biggest bang for your investment buck anywhere on the market. When times of uncertainty are over the entire industry; ISR projects like MIN’s Gunnison and CUV’s Florence are much easier to put in production at a much lower cost than their billion dollar cousins. They are also located in the US which makes these two projects strategic to US interests. Especially in an age where the 'GRID' is expanding and EVERYONE IS ELECTRIFYING.
Copper was a strategic metal in the past and it will continue to be in the future even if industrialization and urbanization are fading trends, which they are not. Remote locations in BC and the Yukon whose capital costs are likely underestimated are much more likely to get mothballed over a US ISR project whose capital costs are less than 10% the capital cost of typical 125,000tpd copper-gold mine. An added benefit to ISR projects in the current escalating cost environment is that while most massive mines being built today are facing increased costs, Curis’ Florence Project capital costs dropped 18% from PEA to prefeasibility. This can only bode well for MIN’s Gunnison Project which is expected to be upgraded to prefeasibility later this year.
What makes Gunnison ideal in this type of market environment over a project like Schaft Creek or any of the other massive copper porphyry projects in the Pacific Rim?
1. LOW OPERATING COSTS. Gunnison PEA states $0.68 operating cost per pound and Florence prefeasibility shows $0.79 per pound.
2. EXTREMELY LOW CAPEX. The Gunnison Project has an initial capex of $324M while Florence comes is $198M.
Freeport would go out of business trying to manipulate the price low enough to put Gunnison or Florence out of business. So where is the risk? Most cheap copper mines especially in Chile and Peru are losing their cost advantage as labor heads towards a ‘global wage.’
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32444650&l=0&r=0&s=MIN&t=LIST#muxsxviFBULqLqQg.99
EXMGF/MIN.V - Intersting article ... at least someone else thinks Excelsior is dramatically undervalued. We'll see this year!
http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32444650&l=0&r=0&s=MIN&t=LIST
ORT.TO / EORBF - details are not available on Ihub and I don't have the time to find the article, but had a setback last week in needing to re-order some expensive equipment which will also result in some delays.
Not at all catastrophic for the company long-term but results in some unexpected financing needs which is not good...
If anyone interested in the details, let me know and I'll try to look it up when I have the chance...
PLSB secured for Safeway!!
I was forunate to accumulate some more shares on a rather big dip last week ... wish I had been around to let everyone know.
http://ih.advfn.com/p.php?pid=nmona&article=57065606
The Pulse Beverage Corporation (OTCQB: PLSB) ("Pulse"), makers of PULSE® brand of functional beverages and Cabanaâ„¢ 100% Natural Lemonade, today announced that it has secured a national listing for Safeway Inc. ("Safeway") for its Cabanaâ„¢ 100% Natural Lemonade. Safeway, based in Pleasanton, California, has more than 1,500 stores in the United States and is the second largest supermarket chain in North America behind The Kroger Co. Safeway operates under the brands: Safeway Food and Drug, Vons Food and Drug, Dominick's Finer Foods, Carrs-Safeway, Pavilion, Pak'n Save and Randall's Food Markets. The addition of Safeway Inc. increased the number of regional and national grocery and convenience store listings for Cabanaâ„¢ to more than 12,000.
Robert Yates, CEO for Pulse, said, "Safeway is our largest national chain store listing to date. We have completed the shelf sets and have begun delivering product to more than 1,000 stores with the remainder of the stores to be set over the next few months. We are very pleased with the success rate we are experiencing in securing listings for Cabanaâ„¢. We are also very pleased with the results of our initial roll-out of PULSE® over the last month. We are presently setting more than 700 stores and expect this figure to increase dramatically over the next few months."
Hi you all! (I have not yet worked myself up to y'all). I'm back from a week off... it was a nice break but good to be back!
I'm going to pass by a Walmart today and look for TITA ... anyone seen it or looked for it? It should be available now, right?
Very excellent news! Safeway is huge!!
I'm curious if this listing is already 'baked-in' to the forecasts or if -- with Safeway -- expected sales are now even higher??
PLSB - VERY NICE 10K!!!
http://biz.yahoo.com/e/130329/plsb10-k.html
* Due to strong cashflow, previous expectation of financing no longer required!
* Gross profit of $700K in 2012. No longer a development-stage company.
* Expect 2 million case sales in 2013 vs 226 thousand in 2012
* Launching Pulse Beverage Apr 2013 (as followup to Cabana Lemonade.)
* GAAP loss in 2012 of $3.5M, but much of this non-cash warrant charges. EBITDA loss of $1.7M (not bad that this is there startup year with sales still ramping up.
* Expect higher profit margin due to increased efficiencies and more profitable Pulse Lineup ... from 33% in 2012 to 40%.
* "Expect to be operationally cash flow positive in 2013".
"For the year ended December 31, 2012, our net loss, after adjustments to bring generally accepted accounting principles (GAAP) to adjusted net loss before corporation income taxes, depreciation and amortization, stock-based compensation and one-time charges (Adjusted EBITDA) was $1,770,448. This loss was, for the most part, an investment in the establishment of our extensive distribution system. This loss is relatively low considering 2012 was our first full year of operations. Most emerging growth beverage companies incur significantly larger losses in the first few years of operations after commencing product launches and do not reach one million in annual case sales until the fourth year after product launch.
As an example, Honest Tea, which was sold to Coca-Cola in 2011 for a reported $400 million, was launched in 1998 and had sales of $250,000 in its first year of operation. It took five years for Honest Tea to reach $4.6 million in sales and nine years to reach $13.5 million in sales. When Coca-Cola purchased Honest Tea it was doing a reported 1.4 million in annual case sales.
We have been in operation with our first product, Cabana? 100% Natural Lemonade, for just over one year and we expect to reach the annualized one million case sale threshold by the end of Q2 2013. We have generated significant operating revenue in a relatively short period of time on just over $4 million of financing raised to December 31, 2012. Of the $4 million in financing to that date we maintained working capital of just over $1.4 million. These sales attainment levels within a relatively short period of time combined with marginal start-up losses reflects the fact that we have employed our existing capital well. During the Q1 of 2013 we raised an additional $4.1 million in equity capital without incurring any debt, and, as at March 29, 2013 have approximately $3.9 million in cash and $4.8 million in working capital. "
"We have in excess of $4.8 million in working capital as at March 29, 2013, as such, we do not need additional capital to finance the growth of our operations. We also have in excess of 19,000,000 warrants outstanding at an average exercise price of $0.62 per common share which could, if exercised, raise us in excess of $12,000,000. We have no assurance, however, that we will ever see this additional money as the warrant holders must first choose to exercise their warrants."
"Where's the movie, Liars." (lol)
Sorry, such a deal is not a plea bargain (had to write this quickly) but you get the idea ... I would think HHSE being fraudulent company would be a much bigger crime than a pump and dump, so the hyothesis of a deal negatiated with the SEC is a little rediculous and shows the lengths folks will go to distort facts ... that also bodes well for longs as Buffet loved to invest in hated (thus undervalued) companies ... with all the negative assummptions posted day in and day out we are surely undervalued.
lol ... under the absolute worst-case scenario assumptions you could be right. HHSE is guilty of crimes against us investors but negotiated a plea-bargain as an instrumental witness in exposing this other crime so they are 'off the hook'. Perhaps the CEO of Walmart was in on it too (they are in the same area, had dealings and association with HHSE, ... try to prove me wrong!)
Under absolute worst-case assumptions, I wouldn't invest in any company, however. With this news provides a new scenario for explaining the delays of the audit ... thus, all else being equal, HHSE is certaintly now a better risk/reward after this news than before!
That's a very good point.
I've seen bashers show up right before a major financing and then dissappear shortly after. Combine that with some strategic shorting and you have a cheaper share price, thus more shares from the financing. Glad that is now much less likely.
I would follow but I've already averaged down three too many times already! Holding very tight, though!
Thanks POS ... gotta weave 'Hangover House' into those lyrics but otherwise perfect!
Thanks! It's difficult to keep track of all the details...looking good.
ORT.TO /EORBF "Orbite Begins Shipping Commercial Samples of High-Purity Alumina"
Was hoping explicit announcement of 5N, but I'll take it...
(I had to edit "market" to be "mkt", due to Ihub filtering something else.)
http://finance.yahoo.com/news/orbite-begins-shipping-commercial-samples-124825903.html
MONTREAL, QUEBEC--(Marketwire - Mar 28, 2013) - Orbite Aluminae Inc. (ORT.TO)(EORBF) ("Orbite" or the "Company") is pleased to announce that the first commercial samples of high-purity alumina (HPA) produced at its HPA plant in Cap-Chat, Quebec, and having a minimum purity of 4N (99.99%), began shipping this week to several customers in Europe, Asia and North America. Orbite has already received over 25 confirmed orders for HPA samples ranging from 4N to 5N purity from clients throughout the world.
"This is a very important milestone for Orbite as it signals our official entry into the global high-purity alumina mkt, " said Richard Boudreault, President and CEO of Orbite Aluminae.
Customer HPA samples of 4N purity or greater are expected to continue to ship during the first half of 2013 as material of the appropriate purity and characteristics become available to satisfy customer orders
ORT "Orbite Begins Shipping Commercial Samples of High-Purity Alumina"
http://finance.yahoo.com/news/orbite-begins-shipping-commercial-samples-124825903.html
Share price is reacting favorably today. Yet, it is somewhat concerning, however, that they have yet to ship 5N ... not sure if that was expected by now??
*****************************
MONTREAL, QUEBEC-- Orbite Aluminae Inc. (ORT.TO)(EORBF) ("Orbite" or the "Company") is pleased to announce that the first commercial samples of high-purity alumina (HPA) produced at its HPA plant in Cap-Chat, Quebec, and having a minimum purity of 4N (99.99%), began shipping this week to several customers in Europe, Asia and North America. Orbite has already received over 25 confirmed orders for HPA samples ranging from 4N to 5N purity from clients throughout the world.
Once they get their financials in order (presumably), the share price will rocket to reflect a proper valuation so, to the contrary, the potential marketcap is very relevent!!
Also, the marketcap already seems to have the most pessmistic assumuptions baked-in which bodes well as long as the company remains in business for the longer term.
But yes there is specuation, but I'm betting the company will remain solvent and in business ... they've lasted this long! If so, the rest should work itself out.
NVLX - Looks like we both sold some at an opportune time... cograts on the big gains!
I'm still not sure what to think of this company but trading has been working for me well lately so I might jump back in on further decline from here.
So what marketcap do you think is justified here?
Sorry for being a little aggressive (I'm trying to research all this before going to work!) ... yes some healthy skepticism is warranted and appreciated.
To address your question, I don't think -- generally -- that potential use of funds for acquisition is normally provided in such filings.
Guess I'm skeptical but a little less skeptical than you might be... agree that we don't know.
(1) Not every bio has their board of directors resign
(2) "Inovio intends to use the net proceeds of the offering (including any resulting from the exercise of the warrants) for general corporate purposes, including clinical trial expenses, research and development expenses, general and administrative expenses, manufacturing expenses and potential acquisitions of companies and technologies that complement our business"
(3) The amount raised would allow a decent premium for Chrontech shareholders.
Not saying I know what will happen, but reasons you provide don't seem applicable.
Thanks ... I assumed USD on this link but that makes sense. With INO's $15M raise (for purposes of acquisition) the buyout theory is intriguing....
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CTEC:SS
Chrontec does have a market cap of $36M ... what was the amount of INO's last capital raise again?
INO - Chrontec (partern funding study leveraging INO's electroportation technology) had 3 board of directors resign today.
Speculation from failed study to being taken over by INO (which did unexpectedly raise money recently for purpose of an acquisition).
I've had lots of good trades and swings this year (PLSB, ADXS, NVLX, CMG, HURC, XIN, etc) but it would be nice to see ONE company actually deliver on an anticipated catalyst. Let's see soon about INO...
http://chrontech.se/english/news/press_releases?releaseid=758113
lol ... I really liked it when it had shot up and doubled in a short time ... but I'll also take another slow and steady double (or more).