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100% correct, Bev. This faker can’t even pay his student housing/section 8 rent. Pinocchio Parkinson is how we all refer to him.
Good lord. This is eerily similar to that “procedural 55” prognostication. How’d that work out?
This is illiquid penny scam has absolutely nothing to invest in. The whole idea is a farce.
HHSE= INSOLVENCY
As always, you are spot-on! The original valuation of this illiquid penny scam is the most laughable part. Question: what is the original value of this penny scam based upon? Anyone want to answer? Pinocchio Parkinson? Anybody? Pinocchio?
So, let me ask again-
1) Is Pinocchio Parkinson omitting his vast entertainment mogul equipment holdings from the court? , OR, has he lied about his vast entertainment mogul equipment holdings to manipulate his penny stock scam? Hmmmm…
2) Did Pinocchio file for a PPP loan through the feds, AND, ( oh this is rich) did he list any employees beyond his pathetic, lying, fraudulent self?
#moretocome
#peelingthelayersoftheonion
I seriously have a few questions
1) Is Pinocchio Parkinson omitting his vast entertainment mogul equipment holdings from the court? , OR, has he lied about his vast entertainment mogul equipment holdings to manipulate his penny stock scam? Hmmmm…
2) Did Pinocchio file for a PPP loan through the feds, AND, ( oh this is rich) did he list any employees beyond his pathetic, lying, fraudulent self?
#moretocome
#peelingthelayersoftheonion
Wait…are you trying to say that Pinocchio Parkinson’s fantasy made-up BS blog is proof of something?!?! Hahahahahahaha. That’s quite comical.
HHSE=Insolvency.
Funny, I used the article to alert several people as to what a fraudulent, lying POS Pinocchio Parkinson is. As the saying goes, one person’s trash is another person’s treasure… And boy do I treasure each and every time someone uncovers the BS that is the essence of Pinocchio Parkinson.
#muchmoretocome
#peelingtheonion
ARKANSAS NEWS BREAK: HANNOVER HOUSE OWES MILLIONS
Hannover House Owes Millions, Seeks New Investors
by Mark Friedman
A FILM DISTRIBUTOR’S TANGLED PLOT
A Fayetteville penny-stock film distributor dealing with millions in legal judgments and a state securities fraud finding is framing a comeback story: trying to raise $8 million to launch a video streaming service.
But the plot details may not add up for Hannover House Inc. and its one full-time employee, CEO Eric Parkinson, who face million-dollar judgments in both New York and California, not to mention a 2019 cease-and-desist order from the Arkansas Securities Department for securities fraud.
Parkinson told Arkansas Business last week that he’s working to reverse the judgments and have the ASD order “expunged.”
He blamed Hannover’s troubles largely on an illness that struck its longtime president, Don Frederick Shefte of Fayetteville, in 2017. Shefte, who is in his 70s, was hospitalized for 18 weeks in 2018, Parkinson said, and retired from Hannover earlier this year. Then he filed for personal Chapter 7 liquidation.
“I have taken control over the matters that were neglected,” Parkinson said. “And we seem to be making progress.... We’re comfortable enough to move ahead with our offering.”
The multi-studio streaming service, called MyFlix, was announced in May 2018, and Parkinson hopes to have it launched by the end of September or “we could hold it all the way to Thanksgiving.”
Beneath the talk of moving on, however, the legal problems remain.
Hannover House suffered a setback last month when a New York judge denied a request to vacate a $1.5 million default judgment entered against Parkinson, Shefte and the company in October 2018.
Parkinson said in a court filing that he didn’t learn of the judgment until February, after Shefte filed for bankruptcy. But New York attorney Steven Gold, representing plaintiff Bruce Lewin of New York, offered evidence that Hannover House and Parkinson have known of the judgment for more than two years: Parkinson mentioned the Lewin judgment in an email from January 2019, and Hannover House acknowledged the judgment in a U.S. Securities & Exchange Commission filing for the year ended Dec. 31, 2019.
“The Defendants are wasting plaintiff’s time and resources and abusing the process of the Court and should have sanctions entered against them for the costs Plaintiff has incurred to oppose their frivolous motion,” Gold wrote.
The judge subsequently rejected vacating the judgment, ruling that Hannover House had waited too long to object. Parkinson, the CEO, said he was appealing that ruling as well.
Another hurdle to Parkinson’s MyFlix offering and an eventual Hannover happy ending is the Arkansas Securities Department’s cease-and-desist order. Parkinson said he’s seeking a hearing from the ASD to re-examine the order.
The order says a private investment firm in Texas invested a total of $146,000 in Hannover House from July 2014 to June 2015. The order didn’t name the firm, but court documents show it is J&J Investments Inc. of Dallas. J&J Investments, which didn’t return a call for comment, sued Hannover House in 2015 in a Texas state court to recover the money it invested, plus lost profits and other damages. J&J received a judgment of nearly $370,000 in 2016.
The Arkansas Securities Department found that Hannover House, Parkinson and Shefte failed to disclose to J&J “certain pertinent and material information that a reasonable investor would want to know prior to making an investment.” The ASD said Hannover House also didn’t disclose “several judgments and pending civil suits existing and filed against Hannover House” before the investment was made.
After receiving the investment, Hannover, Parkinson and Shefte “made several ‘lulling statements’ that were false and misleading and designed to cover up the fraudulent omissions related to [J&J’s] investment,” the filing said.
ASD accused Parkinson of posting a “fake legal pleading designed to convince the public that the Texas Judgment would be dismissed” on the company’s blog in June 2019. The department said “no such pleading has ever been filed with the court.”
In a cease-and-desist letter, the state ordered Hannover House, Shefte and Parkinson to stop “committing fraud or deceit in connection with the offer or sale of any securities in the state of Arkansas.” The department also ordered Hannover House to stop selling securities in Arkansas unless they are registered.
Parkinson told Arkansas Business last week that Hannover House had never made unregistered securities offerings to Arkansans. He said that one of Shefte’s last official acts at the company was to talk to Campbell McLaurin, the Securities Department’s associate general counsel, seeking an explanation for the letter.
“And they could not find any factual basis for issuing a cease-and-desist letter for something we have never done,” Parkinson said.
Parkinson added that the department said the order could not be removed without a hearing, and that no hearing could be held because of the COVID-19 pandemic.
He said Hanover House deserves a hearing. “They made allegations which are demonstrably untrue,” Parkinson said.
In an interview with Arkansas Business last week, McLaurin disagreed with Parkinson’s take on the events.
“We have never said that we could not have hearings as a result of coronavirus issues,” he said.
He also said that the department stands by the allegations in the order. He said Parkinson and Shefte were never told the department couldn’t “substantiate the allegations in the order, or that we have any plans to undo the order at a hearing or otherwise,” McLaurin said.
Business Model
When Parkinson bought Hannover House of California in 2002, it was involved in book publishing, he said. He moved the company to northwest Arkansas and added distributing DVD movies to its portfolio “because DVD was hot as a pistol back then,” said Parkinson, a nearly four-decade veteran of the film distribution and marketing business.
Since 2002, Hannover House has released more than 400 titles, including “Twelve,” “Grand Champion” and “Savage Land.”
To distribute DVD movies, Hannover gave producers a royalty advance of $50,000 to $100,000, then sold the DVDs. The company would deduct the distribution fees and the cost of marketing, and the rest would go to the producer.
“And I would say the DVD business was a really good meat-and-potatoes business … until about 2014 or 2015,” Parkinson said.
Dealing with Walmart Inc. became a blessing and curse, he said. If Hannover House placed a DVD title in the Bentonville retail chain, it would need about 25,000 copies to cover more than 4,000 stores nationwide. “They don’t want empty shelves,” Parkinson said. “Well, who’s going to pay for the manufacturing and the freight? It’s good old Hannover House.”
But if only 3,000 copies of the movie sold, then 22,000 units would be returned to Hannover.
Still, the producer would want money for the 25,000 copies, Parkinson said. “So we ended up getting some lawsuits from people who wanted to know how come they didn’t get a check from Hannover,” he said. “It’s, like, ‘You didn’t earn one.’”
He said that model became too difficult “because you can’t sustain a business selling 3,000 copies of a movie.”
Then he said the company went to what he called the Netflix model. That involved opening a movie in enough theaters that Netflix would then buy the rights to the film for more than enough to cover the costs.
But around 2016, Netflix stopped buying movies and started making its own. Netflix would buy a film only if it had “a substantial box office performance,” Parkinson said. “Well, you’re back to that same old formula. How do you get somebody to choose an independent film instead of the new Avengers movie? It’s really, really hard.”
He said that is why Hannover House began to distance itself from the distribution model and focus on streaming programs.
MyFlix Announced
Parkinson said MyFlix was announced at the Cannes Film Festival in May 2018.
“MyFlix is huge,” Hannover House said in a May 23, 2018, blog post. “The unanimous supplier support for this streaming venture — including support of on-boarding fees and supplier provided marketing — indicates that this venture is the right business model (and finally) at the right time. We believe that Cannes 2018 will be marked as the point in time that [Hannover House] evolved into primarily a streaming portal.”
Parkinson told Arkansas Business last week that the delay in getting the service launched was partly caused by having to “earn the trust of the program suppliers, because we’re not paying them royalty advances. We’re basically saying to them, ‘You’ve got 500 titles in your film library, 50 of them are on Netflix, what are you doing with the other 450 titles?’”
Hannover House hopes to get permission to place titles on MyFlix and pay the content creators out of revenue from subscribers.
COVID added to the delay in getting the service launched. “We just couldn’t do anything during the pandemic year because you couldn’t even get people to come in,” Parkinson said.
There are eight contract employees working on MyFlix, and Hannover has spent about $275,000 on the project, Parkinson said. Last week, Hannover shares were trading just over 2 cents (HHSE).
Shefte’s Illness
In 2017, Hannover’s president’s health problems became worse. Shefte, a former partner in the San Diego law firm Seltzer Caplan, joined Hannover House in 2007. He said in a June court filing that he has been battling health problems for about 10 years. “In the summer of 2017, my condition worsened, making it hard to catch my breath, even on modest exertion,” he wrote.
He said he wasn’t at the office for the last 10 weeks of 2017 and was hospitalized starting in June 2018 for a total of 18 weeks.
At that time he said he was incapacitated and unaware of the “gravity and urgency” of the New York lawsuit in connection with the 2015 movie “Dancin’ It’s On!” Shefte referred questions from Arkansas Business to Parkinson.
Bruce Lewin of Southampton, New York, was the executive producer of “Dancin’ It’s On!” He hired Hannover House to release and distribute the film. He then sued Hannover House in New York state court in 2016.
According to Lewin’s suit, Hannover House, Parkinson and Shefte forecasted that the movie would generate net income between $1.4 million and $5.6 million. In 2015, Lewin provided $1.3 million to advertise and distribute the film. Under the terms of the agreement, Lewin was to be paid in full first before anyone else received any proceeds from the film’s revenue.
New York film producer Bruce Lewin hired Hannover House of Fayetteville to release and distribute “Dancin’ It’s On!” in 2015. In 2018 he received a $1.3 million judgment plus costs that Hannover House CEO Eric Parkinson has been unsuccessful in overturning.
By January 2016, Lewin hadn’t received any money, the suit said. For the next several months, Lewin continued to ask about the return of his money and a percentage of the movie’s profits.
“On each occasion, Defendants provided excuses as to why funds had not yet been provided,” the suit said. “None of these excuses was acceptable.”
Parkinson said in a follow-up email to Arkansas Business that film distribution tends to be a litigious business. “Independent producers always think they have the next big ‘Blair Witch’ surprise hit — and if a film doesn’t perform, it’s easier to blame the distributor than to look at the poor reviews,” he wrote referencing the 1999 indie horror film that cost about $60,000 to make but generated nearly $250 million at the box office.
He wrote that Hannover House has released more than 450 titles since 2002 “and only faced 17 producer lawsuits.” He said while that might seem like a high number, it’s low compared with other studios and independent distributors.
In 2018, Lewin received a judgment for $1.3 million plus interest and costs that totaled $1.5 million against Parkinson, Shefte, Hannover House and its subsidiary, Medallion Releasing Inc.
“I tried to collect for a few years, nothing happened,” Steven Gold, a New York attorney representing Lewin, told Arkansas Business last week.
A lawsuit over “Union Bound” seeks $930,000 from Hannover House.
Another attorney, Marc Lazo of Irvine, California, said he’s trying to collect on a $963,000 default judgment in 2019 from California against Hannover House that has ballooned to $1.8 million after interest, attorneys’ fees and other costs.
The court fight is related to a 2016 movie called “Union Bound.” Lazo alleged that Hannover House and its officers defrauded his client, Michael Davis, president of Uptone Pictures Inc. of North Carolina, by “basically taking control of the film and acquiring the distribution rights without actually distributing it.”
That case was settled in state court, but Lazo alleged the defendants breached the settlement agreement, which triggered the suit that resulted in the default judgment.
Parkinson said he also is working to have the judgment overturned on the grounds that there was already a settlement agreement in place.
Parkinson said if the judgments stand, “we’ll pay them. The upside is so big for the MyFlix site that these little things are … a little bit annoying matters from the scope of things.”
Oh? Please enlighten all of us. What exactly are the lies and BS? Pinocchio Parkinson, as he’s referred to by most of us industry folk, is in the pathological status. All I see is truthful court documents, mountainous debt, and an insolvent penny stock scam. But please, enlighten us… Can’t wait!
Pinocchio Parkinson receiving a justly deserved pounding!Hopefully his scamming days are rapidly coming to an end. Seriously, Pinocchio is such a lying piece of garbage. I’ll make certain this article gets forwarded to the surrounding southern film commissions.
HHSE=Insolvency!
The fact that Pinocchio Parkinson is still able to pedal this insolvent penny stock scam is both sad and hilarious at the same time. Anyone with any true connections in the entertainment industry knows that Pinocchio Parkinson is a serial fraudster.
HHSE= Insolvency!
Pinocchio Parkinson is still pumping this penny stock scam. Ha! What a freakin’ joke! Pinocchio still has never accomplished anything of note in the entertainment world. Hey Pinocchio, great job in acquiring so many cease and desist orders against you!
Seriously, what a lying POS Pinocchio Parkinson is-
Hahahaha hahah- that’s worthy of a a belly laugh.
Pinocchio Parkinson is known as such for a reason. This resumé is laughable.
Is this quote about PINOCCHIO PARKINSON?!
It certainly could be.
I guess every single one of the dozens of companies, multiple executives and former employees listed below - all of whom have filed lawsuits against Eric Parkinson and HHSE - are nothing more than evil, manipulative criminals, preying on the innocent? SMH.
A partial list refresher course:
Mathias (landlord)
JSJ
Lewin
Bedrock
Cav Distributing
National Bank of California
Tribune
Technicolor
Fantastic Films
DTM Services
Duplium Corp
Kalmbach Publising
Smith
Ackerman
Redmon Peyton and Braswell
CD Video
Digital Depot
165 Films
Capital One
Crisp
Redmon Pepton and Braswell
Daniel Ackerman
Arvest Bank
CD Video Manufacturing
TCA Global Credit
Evelyn Smith
Digital Depot
Elite Entertainment
Duplium Corporation
165 Films
Bank of Fayetteville
Foto Kem
Fantastic Films
Mathais Properties
Second Star Investments
Getting Grace Films
Davis
Daisy Winters Film/Shuttlewoods Investments
Only a full-blown narcissistic sociopath would actually post that idiotic “code of ethics” nonsense on a publicly-available internet site when referring to HHSE or anyone associated with that scam.
More like Squeezing the Charmin down the grocery aisle of bagholder despair. I’m long past the jumbo redneck tub of stale over-salted popcorn; I’m now smacking on that delicious box of “chocolate covered malted milky goodness”, commonly referred to as the “Pinocchio Parkinson Delight”( damn, Pinocchio, you even have your own movie candy. You...movie mogul guy you ) This shit is so damn entertaining! Please pass me one more of those Whoppers! LMFAO
Absolutely false. History shows nothing but small time buys/dumps; mostly small time bag holders desperately attempting to pump the BS to keep this penny scam afloat.
HHSE HAS BEEN CONTACTED BY UNICORNS, TELETUBBIES, THE TOOTH FAIRY, SANTA CLAUS AND LEPRECHAUNS. LMFAO. There is not one single REAL investor interested in this penny scam.
Those frequent small volume purchases above the ask are hilarious. Someone desperately attempting to keep this penny stock scam turd afloat. LMFAO.
TWO-YEARS OF HHSE AUDIT-FORM 10 LIES: A REVIEW (Thanks to Bev)
There is no end to Pinocchio Parkinson’s lies
Below only covers the past two years in terms of compete bullshit spouted in the HHSE blog. To go back the eight or so years since HHSE's first failed promise of an audit and Form 10 filing would be cumbersome.
New DD/Management updates in bold and underlined. This time it's true, right? LMFAO!
December 2017 claim:
HHSE will be re-filing a Form 10 Registration with two full years of audits (2016 and 2017) early this coming year, during the first few weeks; the CPA review is already underway and much of the documentation and procedural steps for the audit were already assembled during 2017 while planning for the Crimson merger. We feel that a registration of the shares and the subsequent uplist to OTC:QB will attract more investors and some institutional funds
January 2018 claim:
HHSE will submit the full 2016 and 2017 packages to our auditors in preparation for the stock registration filing.
February excuses:
Completion of formatting and overview by outside CPA - covering 2015 Tax Returns, and the full years of 2016 and 2017. This step is expected to be completed this week, with the results handed over (along with the remainder of the audit materials) to our PCAOB firm.
REDRAFTED FORM 10 REGISTRATION - This is already completed, awaiting review by outside S.E.C. counsel, and the auditor's letters.
March excuses:
It is our belief that we can submit the full auditor's package this week.
FORM 10 FILING - we believe that the auditors will take about 30-days after receiving these final elements, at which time we will be filing the Form 10 registration statement.
The 12-31-2017 period would therefore lose eligibility as of about May 15. While the Form 10 is expected to be filed as of that date - to give the audit periods longer currency, we have added the Q1 (2018) period as our most recent filing. This will put the audits well under the aging date, even with the potential 60-day S.E.C. review period after filing of the Form 10.
April excuses:
PRE-AUDIT PACKAGE (2016 / 2017) - outside CPA activities to compile and conform to our auditor's formatting standards is still in process... delayed by only a few days for annual tax client filings. Prepayment of Form 10 activities (outside CPA, Library Valuation and basic audit) will assure that the registration process moves quickly over the next few weeks.
However, keep in mind that the delay in the Form 10 filing has been the ONLY prediction that the naysayers have gotten right. That said, this one and only temporarily correct critique is about to move over onto the stock critic's extraordinarily long "WRONG" statements column, which will give them a perfect 100% ALWAYS WRONG rating.
May excuses:
2). AUDIT / FORM 10 Activities - including completion of the 2016 / 2017 pre-audit package and the current (in-progress) Q1, 2018 report
June excuses:
And of course, we anticipate one or more day trips during July to meet with the auditors (current Form 10 project), should issues requiring clarification not be easily resolved by calls or Skype
However, the pending Form 10 filing (including audits), will elevate the stock to the OTC:QB status as an initial step towards possible further up-listing.
At long last, the HHSE Audit package has been completed and has been delivered by courier today
TO BE CLEAR: THE AUDIT PACKAGE IS DELIVERED TO OUR REPUTABLE (PCAOB CERTIFIED) AUDITORS!
The audit package is being presented Thursday morning; we are anticipating a process of about four weeks before the audited financials can be dropped into the otherwise completed Form 10 registration filing
. FORM 10 REGISTRATION activities are well into motion. HHSE managers believe that the fully reporting status (automatic on 60-days after filing), will positively impact the company's share price and volume
3). Status of Form 10-Registration - With Q1 accounts receivable balance to be filed under a footnote as described above, we can complete the audit document package for the PCAOB auditors and submit to them on Monday. We do not see the auditor as requiring a lengthy process due to the organization of the materials to be submitted.
Last Thursday we received back four pages of notes from the outside CPA firm that has been engaged to help us in preparing the PCAOB Audit format for our 2-years (and one quarter) of financials that are part of the Form 10 registration filing.
July excuses:
HHSE received a request from the auditors on Tuesday for additional backup detail on the net positions for the company's back list library (as these figures impact both the "royalties payable" balance sheet entry, and the "producer recoupment" balance sheet entry). Staff is on this task already.
UPDATE: HHSE provided back-up for 117 titles to the auditors on Monday - which fully satisfied this back-up document request. HHSE videos or products generating less than $10,000 in gross sales during the prior three years were excluded from this additional endeavor. ONE HUGE STEP CLOSER!. Also, for what it's worth, HHSE has engaged a very seasoned auditing firm and securities counsel for the Form 10 registration project. We are completely confident in their competency and direction to HHSE as to what items and issues are required for a Form 10 registration and expeditious acceptance.
HHSE Q2 Filing has been formatted and submitted to our auditors to provide the most current "reporting period" data for the Form 10 filing.
the request of our auditors, we have been told that forecasting a specific date for the posting of the Form 10 Registration filing would likely result in a "comment" of concern from the S.E.C. Why? Because publicly stating a specific date creates stock trading advantages for those buying in anticipation of the date, or those that work against the best interests of the Company by hoping that an announced date is not met. That said, we can state that the process of audit continues in motion, and that the additional steps of XBRL formatting for EDGAR compatible upload are also in motion.
August excuses:
Progress continues to be made in the audit compliance issues and general status of the Form 10 Registration. Q2, 2018 filing will be made on or before the August 14 OTC Markets Guidelines (a filing which was held from prior release in order to conform as much as possible to current status news and audit adjustments).
September excuses:
the audit, uplist and MyFlix occupying Parkinson's 80-hour weekly schedule - the schedule for two of Fred's key projects (Form 10 and MyFlix Operations) are about four weeks behind.
tables for historical data, forecasts and non-audit materials have been prepared - along with the narrative write-up of the company's Form 10. An issue regarding freight allocations was received in early September, but will not be fully addressed until Shefte's return to the HHSE offices.
October excuses:
A). Audit-Uplist - With Fred Shefte now released from the hospital, the freight allocation worksheets (and their impact on producer statements) should be reviewed and finalized this week.
We are cognizant that shareholders are patiently awaiting updates on other HHSE corporate issues, including but not limited to AUDIT status, MYFLIX updates, LEGAL matters and general release activity updates. A detailed and informative blog is being prepared for release on Sunday evening (this weekend). Thank you for your patience
AUDIT / UPLIST - Fred Shefte is expected to be released from the hospital tomorrow night (Oct. 22). We have scheduled a meeting for Wednesday afternoon (Oct. 24) to review financial information and disclosures contained within the Form 10 Registration filing that the company has been preparing for S.E.C. Filing. Accordingly, and in respect of allowing Fred to review and comment, we will defer further updates until after this strategic meeting.
November excuses:
Management anticipates that the act of filing the Form 10 could (and should) result in a PPS of $.03 or higher. The Form 10 may be filed in the next few weeks, and the impact to the HHSE share price might be seen immediately - even though the S.E.C. has 60-days to provide "comments" requiring the issuer's response.
December: crickets
January 2019 excuses:
1). Q: REGARDING THE FORM 10-FILING DATE, WILL YOU TELL SHAREHOLDERS "IN ADVANCE?"
A: No. We have been advised that specific disclosure or telegraphing of the date that the company will be filing the Form 10 Registration Statement with the S.E.C. would create stock-trading advantages that might result in S.E.C. "comments" or potentially a rejection of the company's registration.
2). Q: IS THE COMPANY "ON TRACK" FOR THE COMPLETION OF THE FORM 10 FILING IN A TIMELY MANNER?
A: Yes.
February excuses:
a). Status of Year-End (2018), Audits & Form 10; authorized to publicly state that this important corporate filing is "on schedule."
April excuses:
The unanimous consensus was to continue to defer the optional, corporate annual meeting in favor of focusing this week on the final tasks needed for clearance of the company's path for the Form 10 Registration filing.
May excuses:
We're in the final countdown to our registration filing... so keep up the faith and we can all share in the rewards!
June excuses:
Crickets.
July excuses:
Crickets.
August excuses:
Crickets.
September excuses:
But for now, be assured that WILDFIRE and other feature film projects in motion for HHSE are part of the operating business model to support the Form 10 filing and satisfy the going concern requirements.
October excuses:
Crickets.
November excuses:
We are finalizing today the charts, breakdown and text portions of the S-1 Shelf Registration for Hannover House, Inc., which is being filed within a few days after the submission of the current Form 10 Registration for the Company
Do some DD, it’s lies and bull sh*% just per the usual.
Pinocchio Parkinson Releasing another Bull Sh*% non-release that will not be picked up by any news source. Jesus, the sad attempt at manipulation by this clown is absolutely laughable. Hey Pinocchio, you’ve never done a damn thing in the film industry. Period.
Have you noticed that the IMDB references and credits disappeared?! LMFAO. Eric “Pinocchio” Parkinson caught lying again!
Pinocchio Parkinson is a complete and total fraud. Period.
Please name these “so called credits”. He’s never done an actual thing in the industry that is worth touting.
* 51 Producer Credits- nope!
* 17 Writer Credits -really, like what?!
* 12 Actor Credits- Hahaha, this is laughable.
* 7 Director Credits- really?! Again, like what?!?!
* Not a shred of truth to any of his “professional” claims.
HHSE DD: YEARS OF RIDICULOUS AUDIT PROMISES
The HHSE audit lie actually goes back to before 2010, but to spare anyone that ridiculous nonsense, below only covers the past year or so in terms of updates.
New DD/Management updates in bold and underlined.
December 2017 claim:
HHSE will be re-filing a Form 10 Registration with two full years of audits (2016 and 2017) early this coming year, during the first few weeks; the CPA review is already underway and much of the documentation and procedural steps for the audit were already assembled during 2017 while planning for the Crimson merger. We feel that a registration of the shares and the subsequent uplist to OTC:QB will attract more investors and some institutional funds
January 2018 claim:
HHSE will submit the full 2016 and 2017 packages to our auditors in preparation for the stock registration filing.
February 2018 excuses:
Completion of formatting and overview by outside CPA - covering 2015 Tax Returns, and the full years of 2016 and 2017. This step is expected to be completed this week, with the results handed over (along with the remainder of the audit materials) to our PCAOB firm.
REDRAFTED FORM 10 REGISTRATION - This is already completed, awaiting review by outside S.E.C. counsel, and the auditor's letters.
March 2018 excuses:
It is our belief that we can submit the full auditor's package this week.
FORM 10 FILING - we believe that the auditors will take about 30-days after receiving these final elements, at which time we will be filing the Form 10 registration statement.
The 12-31-2017 period would therefore lose eligibility as of about May 15. While the Form 10 is expected to be filed as of that date - to give the audit periods longer currency, we have added the Q1 (2018) period as our most recent filing. This will put the audits well under the aging date, even with the potential 60-day S.E.C. review period after filing of the Form 10.
April 2018 excuses:
PRE-AUDIT PACKAGE (2016 / 2017) - outside CPA activities to compile and conform to our auditor's formatting standards is still in process... delayed by only a few days for annual tax client filings. Prepayment of Form 10 activities (outside CPA, Library Valuation and basic audit) will assure that the registration process moves quickly over the next few weeks.
However, keep in mind that the delay in the Form 10 filing has been the ONLY prediction that the naysayers have gotten right. That said, this one and only temporarily correct critique is about to move over onto the stock critic's extraordinarily long "WRONG" statements column, which will give them a perfect 100% ALWAYS WRONG rating.
May 2018 excuses:
2). AUDIT / FORM 10 Activities - including completion of the 2016 / 2017 pre-audit package and the current (in-progress) Q1, 2018 report
June 2018 excuses:
And of course, we anticipate one or more day trips during July to meet with the auditors (current Form 10 project), should issues requiring clarification not be easily resolved by calls or Skype
However, the pending Form 10 filing (including audits), will elevate the stock to the OTC:QB status as an initial step towards possible further up-listing.
At long last, the HHSE Audit package has been completed and has been delivered by courier today
TO BE CLEAR: THE AUDIT PACKAGE IS DELIVERED TO OUR REPUTABLE (PCAOB CERTIFIED) AUDITORS!
The audit package is being presented Thursday morning; we are anticipating a process of about four weeks before the audited financials can be dropped into the otherwise completed Form 10 registration filing
. FORM 10 REGISTRATION activities are well into motion. HHSE managers believe that the fully reporting status (automatic on 60-days after filing), will positively impact the company's share price and volume
3). Status of Form 10-Registration - With Q1 accounts receivable balance to be filed under a footnote as described above, we can complete the audit document package for the PCAOB auditors and submit to them on Monday. We do not see the auditor as requiring a lengthy process due to the organization of the materials to be submitted.
Last Thursday we received back four pages of notes from the outside CPA firm that has been engaged to help us in preparing the PCAOB Audit format for our 2-years (and one quarter) of financials that are part of the Form 10 registration filing.
July 2018 excuses:
HHSE received a request from the auditors on Tuesday for additional backup detail on the net positions for the company's back list library (as these figures impact both the "royalties payable" balance sheet entry, and the "producer recoupment" balance sheet entry). Staff is on this task already.
UPDATE: HHSE provided back-up for 117 titles to the auditors on Monday - which fully satisfied this back-up document request. HHSE videos or products generating less than $10,000 in gross sales during the prior three years were excluded from this additional endeavor. ONE HUGE STEP CLOSER!. Also, for what it's worth, HHSE has engaged a very seasoned auditing firm and securities counsel for the Form 10 registration project. We are completely confident in their competency and direction to HHSE as to what items and issues are required for a Form 10 registration and expeditious acceptance.
HHSE Q2 Filing has been formatted and submitted to our auditors to provide the most current "reporting period" data for the Form 10 filing.
the request of our auditors, we have been told that forecasting a specific date for the posting of the Form 10 Registration filing would likely result in a "comment" of concern from the S.E.C. Why? Because publicly stating a specific date creates stock trading advantages for those buying in anticipation of the date, or those that work against the best interests of the Company by hoping that an announced date is not met. That said, we can state that the process of audit continues in motion, and that the additional steps of XBRL formatting for EDGAR compatible upload are also in motion.
August 2018 excuses:
Progress continues to be made in the audit compliance issues and general status of the Form 10 Registration. Q2, 2018 filing will be made on or before the August 14 OTC Markets Guidelines (a filing which was held from prior release in order to conform as much as possible to current status news and audit adjustments).
September 2018 excuses:
the audit, uplist and MyFlix occupying Parkinson's 80-hour weekly schedule - the schedule for two of Fred's key projects (Form 10 and MyFlix Operations) are about four weeks behind.
tables for historical data, forecasts and non-audit materials have been prepared - along with the narrative write-up of the company's Form 10. An issue regarding freight allocations was received in early September, but will not be fully addressed until Shefte's return to the HHSE offices.
October 2018 excuses:
A). Audit-Uplist - With Fred Shefte now released from the hospital, the freight allocation worksheets (and their impact on producer statements) should be reviewed and finalized this week.
We are cognizant that shareholders are patiently awaiting updates on other HHSE corporate issues, including but not limited to AUDIT status, MYFLIX updates, LEGAL matters and general release activity updates. A detailed and informative blog is being prepared for release on Sunday evening (this weekend). Thank you for your patience
AUDIT / UPLIST - Fred Shefte is expected to be released from the hospital tomorrow night (Oct. 22). We have scheduled a meeting for Wednesday afternoon (Oct. 24) to review financial information and disclosures contained within the Form 10 Registration filing that the company has been preparing for S.E.C. Filing. Accordingly, and in respect of allowing Fred to review and comment, we will defer further updates until after this strategic meeting.
November 2018 excuses:
Management anticipates that the act of filing the Form 10 could (and should) result in a PPS of $.03 or higher. The Form 10 may be filed in the next few weeks, and the impact to the HHSE share price might be seen immediately - even though the S.E.C. has 60-days to provide "comments" requiring the issuer's response.
December 2018: crickets
January 2019 excuses (or simply reference previous proclamations above, as the below simply parrots the same nonsense):
1). Q: REGARDING THE FORM 10-FILING DATE, WILL YOU TELL SHAREHOLDERS "IN ADVANCE?"
A: No. We have been advised that specific disclosure or telegraphing of the date that the company will be filing the Form 10 Registration Statement with the S.E.C. would create stock-trading advantages that might result in S.E.C. "comments" or potentially a rejection of the company's registration.
2). Q: IS THE COMPANY "ON TRACK" FOR THE COMPLETION OF THE FORM 10 FILING IN A TIMELY MANNER?
A: Yes.
February 2019 excuses:
a). Status of Year-End (2018), Audits & Form 10; authorized to publicly state that this important corporate filing is "on schedule."
April 2019 excuses:
The unanimous consensus was to continue to defer the optional, corporate annual meeting in favor of focusing this week on the final tasks needed for clearance of the company's path for the Form 10 Registration filing.
May 2019 excuses:
We're in the final countdown to our registration filing... so keep up the faith and we can all share in the rewards!
June 2019 - a full year and a half after the supposed "re-filing:"
The Hannover House, Inc. (OTC: HHSE) Form 10 Registration filing with the Securities and Exchange Commission will include audited financials up to and including the current reporting period ending June 30, 2019 - to provide the highest level of timeliness for the registration. HHSE managers will complete and submit the final Q2 books at the close-of-business on Friday, June 28 to provide the auditors with this most recent view of the company's activities. The Q2 audit is expected to be completed quickly and will be added to the more time-consuming year-end audit work previously completed or in motion.
July 2019 excuses:
Crickets
August 2019 excuses:
The BIG NEWS is that we have completed the Form 10 write-ups, including the obligation to address all legal disputes (and to provide a management's analysis of the merits - or lack thereof - for each legal matter). Over the next two weeks, as our attorneys file these responses, we will be able to eliminate this issue as an impediment to the corporate filing.
September 2019 excuses:
More to follow. But for now, be assured that WILDFIRE and other feature film projects in motion for HHSE are part of the operating business model to support the Form 10 filing and satisfy the going concern requirements.
October 2019 excuses:
Announcement of new distribution alliances will be included in the Form 10 Registration filing. The company has completed the engagement of the XBRL formatting and submissions supplier for the current Form 10 updates and all future pubco / SEC Edgar filings. The company continues to work with the PCAOB Auditors on the Form 10 financials (with an eye on not allowing the filing to grow "stale" during the 60-day S.E.C. review process).
Oh, Pinocchio Parkinson, today is the deadline for your hearing request. *crickets
One more lie added to the lengthy list of Pinocchio Parkinson.
“Cease and Desist” should be added as Pinocchio Parkinson’s middle names.
NEWS: ARKANSAS-COMMISSION-FINDS-HHSE, PARKINSON AND SHEFTE COMMITTED-SECURITIES FRAUD
All spelled out in black and white, as found by a CONCLUSION OF LAW on page 6, point 16:
Four days left until the wheels of justice kick into overdrive!
Pinocchio Parkinson and HHSE are definitely in Deep Doo-Doo!
http://www.securities.arkansas.gov/!userfiles/Hannover%20House,%20Inc_%20C&D%20Order%20S-19-0053-19-OR01.pdf
$$ MERGER ALERT!$$ PINOCCHIO PARKINSON is about to become one with his cell mate in the penitentiary. That’s the only “merger” on the horizon for this fraudulent penny stock scam.
HHSE=Complete Insolvency.
Terminator 3000, ANY DAY!!! Oh, wait, another Cease and Desist. Never mind. LMFAO!
Eric “Pinocchio” Parkinson has been a fraud from day 1. His bio is absolutely laughable. His time at “Hemdale” literally brought the company to a halt. He was replaced, but there was nothing they could do to repair the damage after his inept leadership. BTW, he was replaced 6 months after he was “CEO”. I’d call him a dog turd, but dog turds would be offended. Eric, you had NOTHING to DO with any major releases. EVER! You and your resume are lies, but we should all be well acquainted with your sociopathic behavior by now.
I’m still trying to get copies of the original e-mails. As soon as that happens, I’ll help HHSE out with its transparency and post them here.
For those wondering about “Wildfire”, it has now reached 4 alarm status. Hey, Pinocchio, more lies uncovered by the press! You like fruit?! How ‘bout them apples! Bwahahaha.
Wildfire Update
https://www.tahlequahdailypress.com/news/wildfire-film-crew-members-say-their-checks-bounced/article_87ab2c51-a04e-566d-a521-53c79f09624f.html
Shorts and the completion of “Wildfire” are definitely in the same genre: FANTASY!
You’ll need a time traveling photographer, since the production of Wildfire shut down and was never completed. Maybe Terminator 3000 has one of those handy.
Oh, PINOCCHIO Parkinson, I just got off the phone with a buddy in Oklahoma- Apparently there is an email floating around that states that the crew from “Wildfire” is filing suit with the DA. And get this part...*insert drum roll here * WILDFIRE was NEVER COMPLETED! It seems that PINOCCHIO ran out entirely! Hahaha. Since HHSE is all about “transparency”-If I can get a copy of the e-mail, I will definitely post here for all to read.
#NoMoneyForPadThai
#PlainRamenForYou
Got a link to the COURT DOCUMENT?
I have it on good authority that someone has been in contact with the plaintiff’s attorney, requesting them to fight the sealing of any disclosures. According to the person I spoke with, the attorneys had no idea that so many entities had been screwed by Pinocchio. I, for one, can’t wait for the fireworks.
Oh really?! Please expound on this and tell us how... waiting...waiting...waiting.
Please. This sorry piece of shit penny stock scam is built on nothing but lies and endless empty promises.HHSE is completely insolvent.