Hannover House Inc (HHSE)

[speckulater]

Deductions On Audit Status Per malc stone

Speck. Please repost my deductions from the other day regarding the audit status.

Below is not my post. Per his request, below is a post from malc stone



from malc stone:

HHSE. In light of the recent two federal fraud charges filed against Fotis I will bring up some of the positives of this for us shareholders at this juncture. We have a googol of folks clamoring for Erics head over on the main board over the audit, filing status and uplisting. Many of us have stressed the importance of this, not so much as it was absolutely necessary at this juncture, but because it has become necessary due to the repeated promises of deliverance that have not come to fruition. Destroys credibility in the eyes of those who don't dig very deep and seek for real reasons why. They assume the easy answer, that they are lying about all this to appease shareholders, but what if that is not it at all, in that they intentionally did not deliver but that they could not deliver in light of activities that have recently come to light? They couldn't exactly say any of the Fotis investigation business going on now could they? Cant exactly get an audit signed off on by a competent and reputable firm with a scheming non-disclosing beneficial owner can you? It is now public knowledge that Fotis is charged with schemes going back to 2005 up into 2009 with companies and individuals other than HHSE and EP and Fred. There is no doubt in my mind that if the principles are in any kind of collusion with them regarding HHSE transactions we would not be at one cent today. We would be suspended or revoked. That is reality. The investigation happened and it involved HHSE. And they were not indicted, Fotis was.

"United States Of America vs Fotis Georgiadis":
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86197132


Now suppose this scenario: What if the auditors had signed off on an audit with Fotis in the picture? What if they had filed a Form 10 with Fotis being the previous owner of the shell and also consider the transactions that have occurred, all clearly detailed in the OTC filings and not necessary to list cause we all know the deal. Imagine that.

Just suppose that somehow the SEC cleared us and then Fotis gets the clamp down put on him at a latter date. How would that look? Like ass, that's how. Like there was collusion. But the fact is that EP has been working with the SEC and was likely integral in facilitating the charges against Fotis by bringing his shenanigans with HHSE to light, which prompted the SEC to look into his previous activities. Are more charges coming? I don't know but its possible. EP and Fred told us at the SH meeting that they called in the SEC on the situation. If they were a part of any fraud themselves I really don't think that would have happened. They have invited heightened scrutiny upon themselves.

I am thinking that HHSE stands a mighty fine chance of having that 500K awarded to Fotis vacated in light of recent events. And it is EP and Freds contention that Fotis pulled a slick one getting that default judgment on them when he was telling them that no action was proceeding in emails. Now that, granted, is spurious and reveals some serious lawyer malfunction (or was it give em enough rope theorem) but nonetheless they felt there was no need to appeal that judgment because they have been told by the authorities that the fraudulent activities commited by Fotis during the Truman Press/Hannover transaction will negate the judgment. I asked them myself at the SH meeting if they thought the outcome of the Bedrock lawsuit would be "favorable" for us. They kind of looked at each other a second and calculated a few things and said "yes" but that's all we can say about that matter at this juncture. In light of recent public events made publicly known makes sense to me.

At the time of the SH meeting they were aware that Fotis was under investigation but of course they could not say anything about that until made public. Well, now it is a public fact the Fotis is charged with SEC fraud and they are not. Lets not forget the fact that Fotis also illegally removed a restriction on 42M shares which he dumped into the float and the non-fulfillment of the Bedrock loan agreement which also has caused Hannover House financial pain. More charges might be pending against Fotis. Too bad he has blown all his money in other stoopid business deals so there might not be much to pass out amongst the victims of his crimes. The SEC indictment basically says they are going after every asset the dude still has.

Bottom line to me is which is worse? Coming thru on all the promises with a fraudulent individual as a piece of the overall picture or being stuck in limbo at one cent? I will pick limbo at one cent.






HHSE