Hannover House Inc (HHSE)

[speckulater]

Debt Reduction Simple Math ($0.0207)

b). Debt Reductions -- Both predicted that the management of debts would become less of a corporate distraction as ongoing cash flow revenues -- combined with properly timed debt-conversion actions under improved PPS levels -- would help control the problematic creditor matters. In anticipation of improving conditions as well as the ongoing need for debt management, the Company has initiated a conversion agreement with Graham Financial to retire $300,000 in aged debts, and has authorized the release of 14.5-mm shares. While the shares have been authorized and issued, it's important to note that NONE have been sold, and this debt conversion issuance is fully intact.

I have not seen the math performed on this yet. Rather simple to calculate.

Dollar Amount = $300,000
Number Shares = 14,500,000

$300,000 / 14,500,000 ~ $0.0207 per share






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