Hannover House Inc (HHSE)

[speckulater]

No Value Preferred Stock



b). Series A Preferred Stock

Under the acquisition and stock-swap agreement, and in respect of the managerial duties accepted by Parkinson and Shefte, an additional one-million (1,000,000) shares of Target Series A Preferred Stock were issued, with 600,000 shares to Parkinson and 400,000 shares to Shefte. The Series A Preferred Stock shares carry no value except for their weighted vote equivalent of 1,000 common shares each.

Company Information And Disclosure Statement, Page 3:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=27078



When I read the above paragraph, it just totally blew me away. How many Pinky and BB stock CEO's issue themselves Preferred stock that has no monetary value, only voting rights? Probably none. Unheard of.

I imagine they wanted the voting rights so they can keep control of the company. Also, kind of like a poison pill to in the future defend against a hostile takeover. Most Pinky and BB CEO's never even think of this, because most do not even have a viable business to worry about a takeover.

This tells me they plan on building something of great value here.

Impressive.



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