Hannover House Inc (HHSE)

[Anvil]

According to the 2015 Form 10 filed by HHSE management and reviewed/approved by crack SEC counsel, they admit they owe Interstellar the full amount, with no recourse

Long Term Payables – Interstar Releasing – In 2009, legal counsel for Company neglected to respond to a lawsuit by Interstar Releasing for royalties due on the film “Dawn of the Living Dead.” As a result of this default in responding, the Company lost the case and judgment was entered. Despite being provided with detailed accounting reports that clearly evidenced the amount of royalties due as being $27,500, the Plaintiff filed a motion for almost $300,000 as “estimated royalties” and the default status that the Company had been placed in made contesting this arbitrary sum prohibited. The judgment was entered more than five years ago, and as such, the Company considers this matter to be a very long-term obligation, although legally due in full on a current basis. The Company has divided the debt into the categories of accrued royalties (reflecting the actual amount earned for the producer’s from the release of the film), and judgment balances / long-term debts, reflecting the substantial, arbitrary additional amount that the Plaintiff’s presented to the court as estimated royalties. The Company is exploring its options to reduce its liability in this matter, including actions against the attorney that had been engaged to represent the Company for malfeasance in not responding to the complaint in a timely manner.

another empty threat