Hannover House Inc (HHSE)

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National Bank Of California Update






Misc Updates / Requested from Shareholders

Good afternoon HHSE Friends and Shareholders -- here's a quick update on issues that Shareholders have requested.


4). NATIONAL BANK OF CALIFORNIA -- Frankly, both our L.A. counsel (Marc Hankin) and Hannover House management were perplexed to have been served notice of a lawsuit by NBCAL regarding the "All's Faire In Love" P&A loan. A loan extension agreement was negotiated (and executed on Nov. 27), and significant payments have been made (and accepted by the bank), so there is definitely a communications disconnect somewhere. Hankin will file a response, then we'll contact the bank and ask why they are ignoring the extension agreement.


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