Hannover House Inc (HHSE)

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Library Valuation History

This is the history of the library valuation that I know of.

$ 16,015,670
September 30, 2009
http://www.otcmarkets.com/financialReportViewer?symbol=TDGI&id=27078

$ 22,315,337
Q4 2009 through Q3 2010 financials

$ 24,276,709
Q4 2010 financials
This is the Szwak figure as of 12/31/10 published on March 18, 2011 which we are all familiar with.

$ 22,315,337
Q1 2011 through Q3 2011 financials

So they used the Szwak valuation only in the 2010 Annual Report. Then in Q1 2011 they switched back to the previous figure of $22,315,337.

So it didn’t really go “down.” It went “back.” I think there is a chance that the switch back wasn’t even intentional. Someone should ask them.