Hannover House Inc (HHSE)

[BeverlyH]

Longs are last in line under receivership...

This should be news to nobody outside of the most uninformed. Here's the list for those interested:

The IRS, the State Tax Board, any financial institutions, all other secured creditors, unsecured creditors, those with enforcement judgements against HHSE, any bondholders, preferred shareholders, then last and absolutely least - common shareholders.

If any longs actually believe HHSE has anything left at all to donate to their lost cause after they've paid the long list ahead of them, then keep holding out for sub pennies on your pennies. And remember that whatever is left after everyone ahead of you has gotten their pound of flesh, divide your number by all common shareholders. In short, your pie is sliced so small as to need a magnifying glass to see it.

And remember that Parki is the largest shareholder and then think long and hard about what that says about your chance for recovery. And then pull out the magnifying glass again. And then good luck finding your share of this recovery.

I'll mark and refer back to this post as the receivership proceeds in the same normal course it has for decades with 90% of much more legit companies.