Hannover House Inc (HHSE)

[Chance To See]

Cash

Having a low petty cash account doesn't mean that they are cash strapped.

No, but these things do:
-- Executive Salary Deferrals of $716,784
-- A new category, Officers Notes Payable, of $99,364
-- The note “Long term payables include $250,000 (plus interest) due to private P&A lenders for “TWELVE,” the notes for which are overdue.”

Also, “Cash” on the balance sheet is not Petty Cash. Petty Cash is what they have around the office for taxis and stamps. Cash is what they need to pay salaries and pay overdue loans.

Thank heaven we will be getting a Cash Flow Statement in the next couple of days per today's filing.

Look, these guys are working very hard and trying to build a solid foundation. But they are having trouble due to the lack of box office success of their film choices. I don’t know if it is their fault (for making poor choices or not marketing intelligently) or if it’s more a matter of luck. After all, who knows what an American audience will go see? It looks like Toys in the Attic is a great film, but will Americans go see it? I hope so.