Hannover House Inc (HHSE)

[HHSEwealth]

Here you go jesse...The Board's pre-approval of a potential re issuance of shares to Parkinson and Shefte does properly conform to previously announced thresholds (as described in both disclosure statements and as asked and answered at the 2012 Shareholder's Meeting). For Parkinson, the performance level was "$10-mm in cumulative sales" which was achieved several quarters ago. For Shefte, the performance obligation was the "completion of the audits," which have NOT yet occurred. However, the Company is confident that the audits will be completed, and thus sought the Board's pre approval should this performance threshold for Shefte be promptly achieved. Although earned and eligible for Parkinson, the shares have been authorized. but not issued at this time.