Hannover House Inc (HHSE)

[just-for-fun]

Any chance of this ever happening ? I'm confident the SP will be well below .02 at year end.

16) Any share buyback plans?

If the stock price is still under $.02 by year’s end, HHSE management will ask for a proxy vote to use cash to buy-back a large block of shares that will be retired to treasury. We cannot realistically take such an action at this time because all of our cash is being utilized for operations, growth and debt management. If we had enough surplus cash to buy back shares, it would be difficult to persuade a major creditor to accept a discount on their notes in exchange for a one-time cash payment. HHSE management feels that the stock is worth $.06 to $.10 depending upon year-end results and valuations. Shares for sale on the open market at $.02 or less could be an arguably good use of the surplus capital that is forecasted from current sales activities.