Hannover House Inc (HHSE)

[Sleepy2016]

provide a link please..

OK.

https://www.sec.gov/Archives/edgar/data/1529516/000149315217004583/ex1-1.htm

Film Library Valuation – DVD and BluRay forecasts for the Library have been reduced by 72% (on average) to reflect a decline in physical unit sales; Video-On-Demand revenues for theatrical titles have been increased by an average of 19%; Television and International revenues remain unchanged, especially in respect of the new major studio distribution pact, to be announced post-merger. One-Hundred-Twenty-One (121) titles acquired in the last five years have been given a zero-dollar ($0) library valuation - as the reasonable, net income forecasts from sales of these newer titles has not yet been properly valued by an independent, third-party firm.

Here's one of the filings for the fake CRIM merger. How is HHSE's total valuation $18 million if the library alone is worth $28 million?

1) VALUATION – SUBJECT TO THIRD PARTY REVIEW OF METHODOLOGIES FOR VALUATION, and based on assets, liabilities, revenues, goodwill and pending new ventures for both HHSE and CFEG, the following net “valuations” have been mutually determined as follows:


a). CFEG Valuation: $ 11,370,750 42.9 %
b). HHSE Valuation: $ 18,529,250 57.1 %