Yes, Eric was overoptimistic about how long it would take to get the tax returns from 2010 and 2011 revised. Yes, Eric was overoptimistic about how long it would take to break the film/book assets down on a title-by-title basis (hundreds of them). It all has to hang together to be meaningful and fit in with the financial audits. There's a big difference between lying and having plans change and unforeseen obstacles come up. Do you think a reputable audit firm like Hogan-Taylor would continue to work with a company that was putting out nothing but lies? Maybe they have more real inside information than you do. After all, they have had access to all the books for a long time now. And yet they keep working on the audit...
In the meantime, how would Eric be benefiting from lying? Has he dumped shares on the market by the millions? NO--the transfer agent is not gagged so you can check for yourself. Has he been taking a large salary from the company? NO--I'm sure H-T would have bailed by now if there was that level of dishonesty going on in the company. Has he continued to add value to the company by steadily acquiring new titles and getting them into retail giants like Wal-Mart? YES--you can actually see HHSE products on their shelves and see the occasional theatrical limited release listed in theater showtimes.
I am 100% confident that we are close to getting the long delayed audits. When that happens, will so many on this board stop finding problems to complain about and try to scare others out of this stock? NO--there is some other negative agenda working here. What else can I think when really good news always causes the stock to go down?
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