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No, they weren't. And yes you have the picture entirely wrong. All of this stuff is in the filings and has been since 2009. I'm not sure why it's so hard to understand.
They traded their personal private ownership of Hannover House / Truman Press for 159M shares of TDGI.
Please share a link to a reputable source explaining what "appropriate revenue" should be for a movie library of X value. Since you are claiming they didn't generate "appropriate revenue" you must know what that number should be, otherwise how could you honestly make such a claim.
Wait, so your complaint is that Eric and Fred converted their personal private ownership in Hannover House/Truman Press at a price HIGHER than what they could have gotten? And this is supposed to be a bad thing? ROFL. They owned HH/TP, all of it: movie rights, inventory, etc. They exchanged that ownership for shares.
So again, you are complaining that they took a conversion rate higher than what they could have gotten?
The 3 days before the merger occured the stock traded at 0.0015, so they could have very easily converted their ownership at that price and gotten nearly 100x more shares. But they didn't. Instead they got 159,336,082 shares, which at 0.0015 on the day of merger were worth $239,004.12.
So your complaint is that they gave up their private personal ownership to all of Hannover House / Truman Press in exchange for $239k worth of TDGI shares. $239,000 worth of shares.
That is the complaint? That is what you are accusing them of "falsely acquiring".
So you really expect us to believe that Eric and Fred were pulling some fast one on everyone when they accepted $239,000 worth of shares in TDGI in exchange for their entire personal ownership in Hannover House/Truman Press, all the inventory, movie rights, etc?
ROFL
Assuming you already saved the screenshot to your computer, upload it to your image gallery on IHub. (More Tools -> My Image Gallery) then post the link that it generates.
News - TDGI/HHSE acquires "Primate" movie rights.
New York, NY, March 28, 2012 (GLOBE NEWSWIRE) -- Hannover House, Inc., the rebranded corporate name for Target Development Group, Inc., (Pink Sheets: TDGI), has acquired the exclusive, worldwide production rights to "Primate," a sci-fi thriller about a cryptozoological creature that terrorizes a team of Bigfoot researchers. The property was written by Andrew Sands ("Airspeed", "Beyond Loch Ness") and is planned for a USA production in September.
"We have been tracking this project for several years," said Eric Parkinson, C.E.O. of Hannover House. "Andrew has crafted a terrifying thriller that combines the suspense of 'Alien' with the legend of Bigfoot. We think the potential market for the film transcends the normal expectation for monster and creature features, and reaches into a mainstream audience. We're very pleased to be working with Andrew on bringing his film to life," he continued.
Although story and plot details have been intentionally quarantined, Hannover House reports that "Primate" suggests that the creatures may be part of a surviving tribe of Gigantopithecus hominoids. This early primate, currently known only through fossil findings, towered over 8-feet in height, and has been pegged as a possible identity for the legendary Bigfoot sightings.
Interest in Bigfoot and the field of cryptozoology has exploded in recent years, due in part to the successful Animal Planet cable series "Finding Bigfoot" as well as features such as the Hannover House video hit, "Boggy Creek: The Legend is True." The Hannover House video, directed by Brian T. Jaynes ("Humans Vs. Zombies") has exploded into a major sell-thru video hit, and has stimulated the company's interest in similarly themed films.
Hannover House said that production financing for "Primate" will be obtained through state tax incentives, private investment capital and the use of production equipment and vehicles owned by Hannover House. Tim Ellis of Hannover House has been pegged as Executive in charge of Production for the film. No director or cast members have been announced at this time.
In addition to "Primate," Hannover House has been active in other production endeavors. The company has been developing a 3-D animated feature, based on the "Terminator" franchise, as well as several unannounced major feature projects. The English language adaptation of "Toys in the Attic" is in final post, and is expected to receive a significant theatrical launch this summer. Hannover House has recently ramped up its release activities in the DVD, Blu-Ray and VOD markets, and is pursuing these and other original productions to provide major, "locomotive" level releases to its overall slate.
Press & Media: For More Information, contact: Leigha Schilling, 479-751-4500, Leigha@HannoverHouse.com
Exactly why I've been here for 2+ years and have been adding recently as well. Just too busy at work to post as much as I used to.
I'm at Schwab now for a few different reasons. If you decide to move... beware... almost no one will accept transfers of penny stocks.
If their customer service or transfer specialists tell you they do... they are wrong. Fidelity screwed a bunch of people by telling us that they could transfer, they did, then after a few weeks they shut everyone's accounts down saying they needed to move elsewhere. Pretty much no one will take penny stock transfers. A few people got lucky and got transferred but most did not and had to liquidate their holdings to move elsewhere.
So if you do want to move at some point... you will need to open a new account and as you sell penny stocks in Zecco, withdraw the cash and move it to the new account. Do not attempt to transfer pennies. Just leave them sit in Zecco till you decide to sell them, then just withdraw and redeposit the cash.
Any stock under $1 is $6.95 at Zecco. They changed it last year. That was part of the reason I left. If they were going to charge as much as other brokerages, I'd rather spend the money at one that offered better tools/platform.
This might be the problem:
https://www.tdameritrade.com/check.html
Is there no TDAmeritrade office near you? You can just drop it off. A cashier's check is next day clearance (if not same day). I can drop one off at Schwab after work and trade on it the next day. For non-rush transfers I just do an online transfer.
It does nothing of the sort. Galloping Films is the one selling the distribution rights to distributors, of which TDGI has the North American rights (South American too I think?) so far. It's no different than what Gaumont did with Twelve.
Read it again. Clearly you missed the most important words in there:
Yes. Absolutely everything.
No. I don't believe in things that are completely baseless and untrue.
The company is not selling shares. Repeating it numerous times won't make it true. We've all seen this game plenty of times.
Just the daily 3:15pm-ish attempt to start a panick sell off.
Unfortunately for the manipulator some of us have learned of information that he doesn't know about and are waiting to buy up those shares. =)
They are trying to scare people into selling so they can buy cheaper. 1800 share bidwhack ($50) to make it look like it's going lower. Just games.
And those profits are rolled right back into acquiring even more movies to grow the business!
That "Scare wall" getting beat down. We all know they aren't shares from the company.
The company isn't selling those shares. Nor any other shares. Apparently you didn't bother reading the filing.
T/A is not gagged, no change in share structure for months.
APPROVAL OF MULTI-TITLE OUTPUT VENTURES – In respect of the ongoing sales success that the Company has been enjoying with films from Studio 3 Entertainment, LLC and director Brian T. Jaynes, a discussion was held covering the proposal from Jaynes to structure an “output” arrangement. Under this structure, Jaynes and the production entities established for each venture, would deliver to Hannover House a minimum of three (3) new productions each year for the next two years. The terms of the distribution would be identical to the terms already in place for “Boggy Creek”, “Humans Vs. Zombies” and “Patient Zero” which are deemed lucrative and beneficial to Hannover House. Under the proposed output arrangement, Hannover House would not be responsible to provide any production financing. Based upon the concepts presented by Jaynes, the managers approved the venture for an output agreement covering a minimum of six new films. Along the same lines, the managers looked at a similar proposal from Allegheny Image Factory, covering four new productions to be delivered within the next two years. This multipicture output venture was also approved by the managers. In order to respect the profile of each title covered under these two output agreements, the managers agreed to announce the individual titles under separate, press released announcements.
Discussion Item a). SUMMARY OF COMPANY’S CURRENT FINANCIAL STATUS – At the request of some of the Company’s primary shareholders, the Managers of the Company elected to address the false rumor that some form of stock issuance or debt-to-equity conversion was planned. As discussed in the annual shareholder’s meeting, and to be clear, there are no actions or planned actions involving any form of new stock issuances or debt-conversions requiring stock issuances. Any rumors making contrary statements are blatantly wrong and clearly an attempt to manipulate the stock value. The TDGI / HHSE shares are trading at a pricing level that the Managers have accurately identified as being substantially below the Price-Earnings ratios for the entertainment industry sector (by a factor of almost 3-X). At the same time, the Company is enjoying record DVD and VOD sales activities, which have created a manageable cash-flow situation for current operations, future title releases and payables management.
The company isn't selling those shares. Nor any other shares. Apparently you didn't bother reading the filing.
T/A is not gagged, no change in share structure for months.
As if that wasn't predictable minutes after the ask gets loaded up with the last remaining shares at a weak attempt to scare people into selling.
bwahahahah
Exactly, quite obvious what is going on.
It means nothing.
Well if you compare prices based on marketcap to account for the different share structure, that would be the equivalent of TDGI being at $4.20 a share. Obviously LGF has more going for it currently, so even if you cut that down to TDGI being only 1/10th of LGF that's a $0.42 pps.
With a few good movies and continued growth, I don't see that number being too unreasonable at all.
No. They never have, the company isn't selling shares. The T/A is not gagged, anyone can easily verify it for themselves that the share structure hasn't changed in months.
You sure you aren't confusing this movie with "Buried"? "Buried" was with Ryan Reynolds. This one is a different movie.
New Acquisitions of "Patient Zero" and "Buried Alive" for Summer Release
Hannover House Scares Up Big Video Results with Horror Titles; Announces New Acquisitions of "Patient Zero" and "Buried Alive" for Summer Release
PR Newswire
NEW YORK, Feb. 24, 2012
NEW YORK, Feb. 24, 2012 /PRNewswire/ -- Hannover House, Inc., the newly rebranded entertainment distributor formerly known as Target Development Group, Inc. (Pinksheets: TDGI), will expand on its current successes with sci-fi and horror films by adding two new acquisitions for video release this summer. "Patient Zero," a zombie apocalyptic movie from director Brian T. Jaynes ("Boggy Creek", "Humans Vs. Zombies") will be released onto DVD , Blu-Ray and VOD in August; "Buried Alive," a micro-budget thriller from first-time director Kevin Clark, will debut on DVD and VOD in July.
"We've enjoyed solid sales success recently with our horror releases," said Hannover House C.E.O. Eric Parkinson. "In fact, to be even more specific, we've had our best success in this genre with our two most recent horror titles from director Brian T. Jaynes. We're very excited to be working with Brian again on his newest film, 'Patient Zero,' as well as with director Kevin Clark on his directoral debut of 'Buried Alive.'"
Recent sci-fi / horror titles from Hannover House include "Boggy Creek: The Legend is True" from director Jaynes and "Edgar Allan Poe's Requiem for the Damned" from director-producer Robert Tinnell. The 2011 theatrical release, "Humans Vs. Zombies" – based on the popular role playing game – will hit the USA video market on June 5 and is tracking with preorder commitments to be Hannover's biggest shipment to date this year. "HVZ" is from director Jaynes, and will feature a 32-page comic-book as an in-pack bonus at selected video retail accounts. The company's best-selling sci-fi/horror title from its library of 100+ titles is "Future Shock" starring Bill Paxton and Vivian Schilling, with historic sales to date of more than 250,000 video units, worth more than $1,750,000 in wholesale revenues.
"There is a readily targeted fan base for these sorts of titles," Parkinson continued. "Video consumers and retailers respond enthusiastically to this category of product, so issues such as major stars or broad theatrical release support generally do not apply. Accordingly, we can move faster and more economically in monetizing revenues from films in the science-fiction and horror categories. Like Lionsgate, New Line and other major independents, we see these genre releases as forming one of the core components of our home video release strategy over the next few years. "
Additional information on "Patient Zero" and "Buried Alive" will be released in March, including title release details, creative specifics, ordering information and home video suggested retail pricing. A trailer for "Patient Zero" can currently be viewed on YouTube at: http://www.youtube.com/watch?v=AI9sYUw0w7o
Eric buying back shares!
I mean, if every time a sell goes off it's blamed as "Eric selling!", then anytime a buy goes off it must be "Eric buying back shares" right?
Obviously this is as ridiculous as the "Eric is selling" claims. He's neither buying or selling.
Eric is not selling. And check the calendar, today is Feb 23. So much about that ridiculous theory.... ROFL.