Replies to post #219249 on Hannover House Inc (HHSE)

[thetwomoores]

I am curious as well HHSE & TCA should be releasing the resolution reach very shortly I would think.

3). Litigation - Two legal actions against the company were served to HHSE in the last 24-hours. TCA Global Master Fund filed a lawsuit in an attempt to pressure HHSE into accepting what management deems to be a very undesirable "debt-conversion structure" for the retirement of their balance. HHSE has a much better plan, and has arranged for funds that will be tendered to TCA prior to the required response date of their lawsuit. We know our solution is better for shareholders, and we believe that TCA will likely agree. Separately, a lawsuit by the landlord of the office properties was served yesterday, and a resolution has already been structured.

Wonder what happened to that plan ?