Hannover House Inc (HHSE)

[liveandkicking]

Nice to know that Eric and Fred were good to their word and released the library valuation on time and at the forecasted number of $24.3MM. At liquidation the stock is worth 5.12 cents and that doesn't include the 95 properties that have yet to be put into the valuation. Correct me if I'm wrong, but from reading the filing, it looks like management believes that the other movie and book properties are woth just as much as what was filed. This would bring the liquidation value of the company to 10+ cents.... Bottom line, anything under 10 cents is a gift.

$24,276,709 / 473,495,139 o/s
= .05127 BOOK VALUE + 95 other titles = 10+ cents