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Friday, July 15, 2016 2:25:02 PM
Recent news that Our Alchemy LLC. ceased operations and is filing Bankruptcy. The case has now been formally converted from Chapter 7 no-asset liquidation, to "Asset" based, and all creditors are being notified.
This development has big implications For HHSE / Medallion:
1.) Alchemy owes HHSE about $754,000. Since the case has now been formally converted to "Asset" based, there is a chance that HHSE may be able to recover some of that monies.
2.) The cessation of Alchemy has left a void in Distribution Duties of Entertainment Industry. HHSE is/has been Pursuing Significant Revenue Changing Opportunities/Ventures. Simply put, HHSE may be able to assume/acquire/take-over a chunk(s) of Alchemy former business.
3.) Alchemy former business in simple terms:
a.) Various Distribution Duties for Supplier Studios.
b.) Valuable "Vendor" Access to Walmart and Target Stores.
c.) Alchemy owns 1,000 Titles Film Library (of which 250 are considered "high-profile catalog" hits), and more than 50 new and unreleased titles.
May 12
NEWS: "Cinedigm Signs Distribution Agreement with HHSE/Medallion Releasing":
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122590808
June 23
BLOG: Alchemy on shaky ground. HHSE/Cindigm Venture doing well (placing two and three HHSE Titles Per Month into Walmart and Best Buy):
http://hannoverhousemovies.blogspot.com/2016/06/growing-revenues-termed-out-collections.html
June 30
BLOG: HHSE prior disclosures and proactive actions (Alchemy):
http://hannoverhousemovies.blogspot.com/2016/06/hhse-prior-disclosures-and-proactive_30.html
July 5,
Alchemy Files Bankruptcy:
http://www.ouralchemy.com/
July 13
BLOG: Alchemy/Implosion; HHSE Focused, Pursuing Revenue Changing Significant Opportunities/Ventures:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123862644
July 14
BLOG: HHSE/MEDALLION First-Stage Victory in Alchemy Matter:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123879228
July 15
BLOG/UPDATE: 12 Supplier Labels/Studios Have Requested That HHSE/MEDALLION Represent Their Bankruptcy/Interests (Via Proxy) at the July 25, 341 Hearing:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123903280
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