Hannover House Inc (HHSE)

[liveandkicking]

Target Development Group, Inc. (PINK:TDGI) Take on a Veteran CPA to Supervise Accounting Issues
http://goo.gl/tFN9V

Target Development Group, Inc. (PINK:TDGI, TDGI message board) has just reached a significant milestone. Although its stock had only slightly been gaining value recently, yesterday it closed at an all-time high of $0.063 per share. The turnover has been on the rise too, as some 21 million shares changed hands over the course of the last few market sessions.
A couple of both theatrical and video releases were announced earlier this month by Hannover House, the entertainment division of TDGI. The company seems quite enthusiastic about its future ventures, now that it has made as many as 75 releases. In addition, the highly prolific activity of Hannover House appears to meet investor expectations, otherwise they would not have invested as heavily in TDGI stock as they have been doing lately.

Occupying the entertainment industry, Target Development Group, Inc. is focused not only on movies, but also on books. Earlier this year, its management team introduced to the general public its next top priority, namely venturing into the Video-On-Demand technology.

When TDGI filed its latest financials, they had yet to undergo an audit. CEO Eric Parkinson declared the audit would be completed by early spring. In connection therewith, it was just an hour ago when Hannover House announced it had hired a highly-experienced CPA to supervise the company's internal record keeping, as well as all the accounting issues. This might be TDGI's first step on its way to the "OTC Pink Current Information" echelon.

What follows next pretty much depends on two major issues. First, how serious TDGI managers are in making their way to real success and good reputation. Second, to what extent the company's current unaudited financials actually reflect its real financial state. There are a couple of financial points in particular that seem to be in a dire need of a thorough review:

the company's Film & Television Library, currently evaluated at $24 million;
the total revenues for 2010 estimated at more than $900 thousand;
the net income of $400K accumulated over the twelfe months ended December 31, 2010.
On first reading, the financial state described above looks too good to be true, hence a lot of investors have been left with a sneaking suspicion that TDGI might not be revealing the complete picture. A certified audit will most likely either confirm their doubts, or prove them wrong, to the delight of the company's most avid supporters.