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The film didn't make any money. Bad investment.
Sounds like a lot for 30 theaters
So Lewin transferred over 1 million to HHSE to do what ?
Do you think Lewin gave money to HHSE ?
Yeah, Trump went through what 5 or is it 7 BK's
New Blog
Monday, May 3, 2021
OTC Status Restored to Current - News and Other Activities Back On Track
Greetings HHSE Friends - after weeks of waiting, the OTC Markets finally approved the updated / newly-formatted filings from Hannover House. Our "Current Reporting Status" has finally been restored.
Several significant news items have developed or finalized over the past few weeks. As stated previously, our goal in releasing these news items was to beneficially impact and motivate shareholders. We were concerned that great news - if timed with a "Yield" sign - would diminish shareholder enthusiasm. Accordingly, getting the OTC Markets to confirm our status was an obstacle that was finally resolved.
There is, however, a new obstacle that we feel could temporarily impede shareholder enthusiasm for HHSE news. The "Lewin NY Judgment" heated up after the resignation and bankruptcy of former HHSE President D. Frederick Shefte. Existing shareholders will recall that Bruce R. Lewin - an investor in the movie "Dancin' It's On" - filed a lawsuit in New York against Hannover House and our two principal officers at the time, even though there is no agreement (verbal, written or otherwise) with Mr. Lewin for HHSE or the officers to have any obligations to him. In fact, the only contract that exists for "Dancin' It's On" is with the production company and director (David Winters), and the company has been performing its obligations under that agreement. In any event, Mr. Lewin's attorneys in New York were able to force a default judgment, which they are NOW (finally, after several years), seeking to enforce in the State of Arkansas. Hannover House will respond in the next few days (and well before the May 16 deadline) with the appropriate motions and remedies available under Arkansas law, to stay any such foreign enforcement actions and to open and adjudicate the facts of the matter. Our counsel believes that we will prevail with both goals ("freeze" of enforcement actions and "victory" in the actual matter of the\non-existent agreement with Lewin).
However, this foreign judgment has an absurdly high dollar amount listed - almost $2-million dollars. So, we are concerned that new or limited information shareholders might see this nuisance lawsuit as something real, existential or scary... and thus the impact of positive HHSE news from the real world could be diminished. Accordingly, we will not be releasing significant news over the next few days, until our court filings in the Lewin matter are complete. That way, the positive news of our progress and deals will not be diluted by misinformation about a crazy, foreign lawsuit.
Hold tight! The soup is brewing-up wonderfully!
"We cannot find any such contract, but I think I recall one, and they owe me a BILLION dollars
Looks like Lewin found a real heavy hitter.
https://www.lawyers.com/rogers/arkansas/j-brian-ferguson-300839276-a/
Hall is going to Tyson Food. So yes the next up attorney wants everything to get up to speed.
Blog update
UPDATE: FRIDAY, APRIL 16, 11:55-pm CST - We have just been informed by the OTC Markets that our REVISED filing needs to be EDITED and RE-FILED yet again, to remove "disclosure information not required under the new formatting rules." So this is happening now.
Me too
S-1 is on it's way
G). Planned S1 Securities Offering The Company is finalizing the documentation of a S1 Registration Offering, which will make up to one-hundred-million (100,000,000) common stock shares of HHSE available on a direct (subscription agreement) placement to qualified shareholders. These shares are expected to be offered within the next few weeks to accredited, non-affiliated investors and media companies, with discussions having already transpired with several expected participants. The timing of the S1 offering is impacted by several factors, including the timing of S.E.C. disclosures and other compliance issues impacting the supporting documentation for the offering statement.
I know a bigger waste of time, hanging around a stock chat room with no skin in the game.
Nice to see so much interest in this little company, even if most of it is short interest.
My god dude, you need to get over your $500 loss. If you would have just doubled down @ .01 and lower like many others did you'd be whistling dixie
and looking to replace your moms trailer park home. Its still not too late to buy.
He who laughs last laughs longest, check the tape dude....
Who SOLD over 3 MILLION shares of HHSE below .018 today ? BRILLIANT LOL
HHSE very prominent in the ticker buzz cloud, always remember to mention HHSE when posting. Helps to get more eyes on HHSE
https://investorshub.advfn.com/boards/tcloud2.aspx?i=1
New Blog
Monday, February 22, 2021
Marketplace Paradigm Shift Impacts Critical Timing for HHSE & Major Studios
Greetings HHSE Friends & Followers - the broadcast of the Superbowl earlier this month resulted in a surprise to many in the entertainment industry, with the MARCH 2021 announcement of a "Paramount" branded streaming service. Most insiders knew that this move was previously not expected for several more years, due to the limited library of Paramount titles not already under license to existing services, or to affiliate Viacom entity CBS (via CBS All Access).
But we are not living in last year's marketplace... and the ongoing impact of COVID functionally shutting down movie theatres as a revenue stream has forced a quick rethinking of strategies for all of the major studios. DISNEY, WARNER and UNIVERSAL have already blazed a path towards improved profitability by restructuring the theatrical release windows previously held for the exhibition industry... instead now launching "day-and-date" (or very shortened theatrical first-look windows), before digital streaming onto their own, proprietary studio labels.
As mentioned in prior blogs here, DISNEY stepped up first with the live action MULAN skipping theatres and ultimately generating over $300-million in direct-to-consumer digital revenues (while incurring NO theatrical P&A expenses and not having to endure "splitting of the box office revenues" with the theatres).
More recently, Universal partnered with Netflix (International) to squeeze the Christmas theatrical release date for the Tom Hank's "NEWS OF THE WORLD" into a 3-week race to digital streaming... again to realize far greater bottom line results than sums projected if the film had been handled through traditional release windows in a non-Covid marketplace. The third paradigm Earthquake was triggered with the Warner Brothers announcement of simultaneous theatrical release openings with premieres on their HBO Max streaming division. SO - in today's marketplace (with functionally no theatrical revenues as the locomotive for a film's income stream), it's not a surprise that Paramount would be inclined to accelerate its launch of a studio-branded streaming service.
All of these factors - and the shifting paradigm of how consumers are viewing entertainment - are driving the industry and market enthusiasm for the upcoming MyFlix service and launch. The right place and right time are now, here, and with MyFlix. So, this is further validation of our current HHSE path.
Hold tight... and chill the champagne (metaphorically).
OTHER ITEMS OF INTEREST:
Over the past two weeks, shareholder emails have posed additional questions and items of interest, which we will attempt to address below.
1). NEW RELEASE ITEMS (PHYSICAL HOME VIDEO) - yes, despite the primary focus for the company moving to MYFLIX, the slate of BluRay and other home video releases mentioned last Fall will still be proceeding. The delay has been market-driven, as the key retailers that are still successful with physical BluRay and DVD sales (e.g., Best Buy and Target as the primary retailers) are still in slow-mode for adding secondary titles. We have been told that shelf-space and new release receptivity will being to open up this summer... and the slate of seven HHSE titles that have functionally been on hold (for about 18-months thus far), will begin to see retail light at that time. Again, this is all part of the COVID driven retail issues. Industry statistics are showing a rebound for some aspects of the physical home video market (especially BluRay), as pride-of-ownership and the quality-of-experience available on a BluRay (vs most streaming options) is beginning to make a come-back.
2). FRED SHEFTE - Stock Shares - late last year, HHSE President D. Frederick Shefte completed his divorce proceedings with Diana Shefte, including the communal division of his restricted officer / affiliate stock shares in HHSE. Earlier this month (Feb. 8), Shefte filed for personal bankruptcy, and listed as an asset his remaining HHSE Stock Shares, with the caveat that Rule 144 sale restrictions - and the inability to place physical (printed) share certificates of officer-affiliate stock with known USA brokerages - renders these affiliate shares functionally worthless to the estate. Shefte's attorney (Stanley Bond) has informed HHSE that the Trustee has expressed an unwillingness to challenge the S.E.C. laws in an attempt to violate Rule 144 sale prohibitions, especially in light of the barriers governing both physical share certificates and officer-affiliate sale restrictions. Accordingly, it is HHSE's strong belief that Shefte's personal bankruptcy filing will have no negative impact on the company or the disposition of his shares. With Shefte's health status and home situation remaining tentative, he made the decision to reduce his personal stress by discharging himself from legal disputes - and in the process, improving HHSE's defenses in some disputed, foreign matters impacted under the "one-judgment" rules.
3). IMPROVING HHSE PPS IMPACTS S-1 OFFERING - The recent improvement in both volume and pricing of HHSE common stock shares in the public market has generated concerns among some HHSE shareholders about our S-1 share offerings. The intent of the S-1 is to raise funds for the expansion and marketing of MyFlix (along with a provision for 30% of proceeds to be utilized for existing payables and debt management). As currently drafted, the three S-1 stock sale tranche's are each at 50-million shares, with the first at $.03 (e.g., $1.5-mm), the second at $.05 (e.g., $2-mm) and the final at $.08 (e.g., $4-mm) - as these share prices were structured to be a "premium to current market prices." With the recent improvement in HHSE pricing, $.03 is no longer likely to be a premium price - and may, in fact (in days), be a discounted price to the trajectory of HHSE share prices at this time. Accordingly, a revision is anticipated in the pricing levels for the S-1 and this would result in a reduction of total S-1 shares being offered being reduced from 150-mm total to a more likely level of 100-mm or slightly less. A revision of the S-1 offering will be posted in the next few days to the S.E.C. via a Form 8 statement, as prior formal notification to the market is recommended by counsel.
4). HHSE YEAR END - AND F10 - The HHSE annual filings for the OTC markets will be released this week, as they have already been incorporated within the F10 Registration. This will be the last OTC markets disclosure filing as all future financial disclosures will be posted first to S.E.C. Edgar. HHSE has been advised to continue making required OTC filings during the 60-day S.E.C. review period; however, this advice renders this week's 12-31-2020 OTC filing as the last. Revenue results were negligible for 12-31-2020 - due to the various factors of COVID-related retail shut-downs, ongoing theatre closures, post-production status for "WILDFIRE" and the imminent launch of the MyFlix site... all of which items now show significant activities for Q1 (and Q2, with respect to the physical home videos and theatre openings).
5). PRAYERS & BEST WISHES FOR SEN. ROBERT DOLE - HHSE C.E.O. Eric Parkinson asks that we keep Sen. Robert Dole in our thoughts and prayers as he commences chemotherapy today for Stage IV lung cancer. Senator Dole has lived an admirable and productive life of 97-years, and is a long-time and family friend for the Parkinson's (clear back to his first political race in Kansas). Eric Parkinson was also a co-Chair of the west coast fund-raising team for Senator Dole's 1996 Presidential race, including a record-breaking fund-raising event for the movie industry held at the Century Plaza Hotel in Los Angeles. Godspeed for a recovery and more years earned for this great man...
Your going to make a crap load over the next few months.
I have a small position here, missed SEGI but loaded up with HHSE same sector way smaller float.
Thanks sam, don't forget to mention HHSE in your post so the BUZZ gets louder.
What's all the BUZZ about - HHSE
https://investorshub.advfn.com/boards/tcloud2.aspx?i=1
HHSE on the ticker buzz cloud
https://investorshub.advfn.com/boards/tcloud2.aspx?i=1
HHSE breakout
HHSE lookin good
Do your own DD
Why ?
It's all on it's way F-10, S-1 GO HHSE
HHSE getting bigger on the Buzz Cloud
https://investorshub.advfn.com/boards/tcloud2.aspx?i=1
HHSE makes an appearance on the Ticker Buzz Cloud
https://investorshub.advfn.com/boards/tcloud2.aspx?i=1
Exhibit “1”
MINUTES OF THE BOARD OF DIRECTOR’S MEETING
HANNOVER HOUSE, INC. (OTC: HHSE) – Thursday, Dec. 3, 2020
A special meeting of the Board of Directors of Hannover House, Inc. was held on Thursday, December 3, 2020 telephonically at 9:30-am CST. The purpose of this meeting was to address certain issues and disclosures concerning the company’s plan to open satellite offices in New York City and Los Angeles for the MyFlix venture – as well as the engagement of required support staff for those locations and the home office location in Arkansas. The following items describe the issues addressed, and where indicated, the actions taken by the Board.
1). MYFLIX MONTHLY GENERAL & ADMINISTRATIVE BUDGET – The Board of Directors reviewed a plan presented by Eric Parkinson for the general monthly operations of MyFlix (commencing immediately), including the plan to open satellite locations in New York City and Los Angeles to act as additional points of operation for the acquisition of new programming and the communications and outreach with program suppliers and studios. As a point of reference, office bids were reviewed from both New York City and Los Angeles, with the best value locations determined to be at 530 Seventh Ave. (New York City) and 2029 Century Park East (Los Angeles). The staffing requirements for New York and Los Angeles shall initially be limited to one (1) acquisition executive for each satellite location until such time that additional needs may be analyzed and justified based on performance results. With respect to the corporate operations in Arkansas, the Board approved the hiring of a divisional President/GM as well as a Controller, Accounting Assistant, Data Management Director, Marketing & PR Director and a general office support team member.
All staff members and executives shall be granted a $200 per month allowance to be applied against their personal health care costs (for which they are each responsible to obtain); all executives shall have the monthly costs for their cell phones covered by the Company. A general allowance of $1,500 per month is budgeted for Executive Travel (but not intended to cover film festival specific travel and attendance costs, which will be separately budgeted). A monthly allocation of $10,000 is intended for general corporate branding and advertising, which is also separate from the amounts anticipated to be reinvested for subscriber recruitment and retainment.
The overall monthly operating budget as detailed below comes to approx. $85,000, which falls between the company’s previously disclosed “low-end” and “forecasted” ranges for monthly operations.
Expenses for December are expected to be paid from existing funding sources and resources for the Company, whereas expenses for January and through 2021 are expected be funded from net revenues resulting from the Company’s S1 Registration offering.
There being no further issues addressed at this meeting, the Board adjourned at 10:10-am.
Thank you, 10 years I wouldn't trade for anything.
Happy Veterans Day from a Vet to all of you Vets. Thank you for your service.
Friday, October 9, 2020
Soft Launch of MYFLIX Consumer Awareness Starts Today
Greetings HHSE Friends & Followers - The company is doing some last minute pre-launch "tests" of consumer promotional campaigns in support of MyFlix, which commence today. We will be investigating which offers draw the greatest consumer response, as a guide for the formal ad campaign. Watch this blog for screen grabs to be added later today showing some of the consumer outreach from paid ads, social media and press today.
Note: the consumer outreach activities launching today are NOT a launch of the MyFlix App and Site. This is a launch of consumer promotions being tested in support of the official rollout (which is coming next).
Yes, borrowing from Siskel & Ebert - Two Thumbs Up