I've been here long enough to know HHSE gets nothing done on time.
A review of the March 4th blog sets out the latest timeline, and I
think were still well within the dates.
March 4th Blog
a). LIBRARY VALUATION - at long last, HHSE has an updated Library Valuation that meets the auditor's requirements! This is an important element for the Form 10 filing as it impacts the company's balance sheet.
b). YEAR-END FILINGS - The Q4 for 2017 is completed and will be filed in a timely manner with the OTC Markets. More importantly, it has been submitted to the outside CPA firm that is checking the formatting and back-up materials needed by the auditors. It is our belief that we can submit the full auditor's package this week.
(that would be March 9th)
c). 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 company has engaged a new attorney specializing in S.E.C. filings and disclosures, so that we are minimizing the potential of S.E.C. issues or comments to the Form 10 filing.
(that would bring us to Apr 9th)
d). VODWIZ - The Company has reached an understanding for funding terms with a private investment group for the required financing to complete the VODWIZ website (to the Amazon digital formatting standards), and to upload over 2,500 titles and launch the site and the OTT channel. The timing of the launch is planned to occur immediately prior to the May 9th Cannes Film Festival start - as the VODWIZ site has the capability of delivering content worldwide (titles are restricted by territory based on underlying rights). As the marketplace matures and moves more towards digital streaming, the VODWIZ plan to carry thousands of programs from dozens of indie suppliers (and three major studio suppliers!), is potentially "the tail that wagged the dog" for HHSE revenues and future operations. The funding venture is expected to be documented and executed within the next few days.
