Hannover House Inc (HHSE)

[Dogfish Head]

I think your opinions on the delay are reasonable. I suppose only time will tell what caused the delay. Of course, we may never know and it may be irrelevant after they're filed. One thing I do know is that this audit is still commencing and Hogan & Taylor are still on board. The recent reference to them in their financial filing cites Hogan & Taylor and advice given to TDGI from H&T. One could logically infer from that that H&T are still there and are still on board.

The only thing I would throw out there is that while common perception is that an audit shouldn't take this long, in reality nobody really knows what's going on behind the scenes and exactly why it is taking so long for the audit to be finished up. Remember that what we're waiting for is verification of the TDGI library. I assume the rest of the financials are complete and/or waiting to be finished up pending the results of the library valuation. I would be inclined to agree with the naysayers on the length of the audit being too long if we had a gagged TA or there were dilution occurring. But there is not and has not been either of these things, and I'm therefore at a loss to figure out how not publishing the audit would financially benefit the company. I can't come up with a reasonable way to figure out how the audit delay is scamming us of our money. It just simply hasn't to date except for the stagnating PPS.