Hannover House Inc (HHSE)

[Huggy Bear]

Turtle - I'm not sure about the 170K you mention being added to the float? what difference would 170K make? are you alluding to rumors of 170M being added to the O/S???

From my understanding, once the Hannover shares are issued the O/S will be locked down for awhile. Like i posted yesterday, mgmt has secured additional funding but it is supposed to be non-dilutive in nature. of course, any portion of debt not repaid par agreement could possibly be exchanged for further issuance of stock. It happens all the time when small companies run out of cash, but so far mgmt has been straight up with everyone and I dont think its in their best interests either to allow further unnecssary dilution.

regarding what Hannover will do with their shares? - well, whatever the hell they like i suppose, i cant see why they should be restricted and i cant see why they would want to sell them either. kinda defeats the purpose of the merger. if Hannover mgmt just wanted out of the biz they would have just sold the whole rights to the library to the highest bidder. that they agreed to a swap for stock shows they also have faith in TDGI.

malc