Replies to post #237433 on Hannover House Inc (HHSE)

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BLOG-7/28: Legal Victory Over TCA; Ready Proceed S.E.C.-Registration/Uplist/Activities










NOT VERBATIM: Selectively Edited


Thursday, July 28, 2016

Fact check for those who may be confused about legal issues...

Good morning HHSE Friends & Followers - Some of you may have heard news of a major legal victory for Hannover House today, with respect to the TCA Global Master Fund disastrous predatory loan deal made in 2013?

As stated previously, HHSE fully paid off all balances to TCA along with all legally allowable interest, and we even "ate" about $55,000 in highly questionable "service fees" in our proof to the court that we had overpaid the loan. Back in May of 2015, TCA filed a lawsuit in Florida and served Hannover House with proper, legal service as such. We responded immediately and received emails, calls and other representations from TCA that 'as long as we were making payments' that no other legal action would be taken in the lawsuit. This was a very specific and demonstrably stated promise to "not proceed."

Accordingly, over the next few weeks, HHSE provided them with $75,000 and communicated with TCA representatives daily (sometimes as many as 5+ calls and 5+ emails EVERY day). Never ONCE did TCA indicate that they were secretly proceeding with trying to get a "default" against HHSE while we were supposedly "working together."

In any event, we finally discovered months later (without any form of legal service from TCA) that a default had been filed in Florida during the time frame that they promised to stay activities due to HHSE making payments. So when TCA attempted to "collect" in Arkansas last December on this fraudulently obtained judgment, our local counsel was able to promptly stop such activity. Over the next few months, HHSE counsel communicated with TCA's newly-engaged Arkansas counsel, and demonstrated both that the total balance had been paid - as well as the multiple instances of deception, error or fraud committed against the Florida court by TCA in obtaining the judgment.

Now that HHSE is ready to proceed with our S.E.C. registration, uplist and new activities, it is essential that we have a "lien" as such removed from casting a shadow over the company's operations. As our local (Arkansas) counsel was not getting any cooperation from TCA's Florida counsel to remove the judgment or file a "satisfaction" - we decided to go on the offensive for a change. We hired a major law firm to move to "re-open" the case, strike the default and seek sanctions against TCA.

We are pleased to report that our counsel's initial motion to re-open the case in Florida has been filed and accepted by the court and that this is the first step in removing the lingering stink of TCA's false claims against HHSE. Ultimately, we hope to be awarded sanctions. Our attorneys at Shook-Hardy-Bacon are diligent, persistent and usually victorious.

So if you have a crazy amount of time and want to read a 288-page motion and a 16-page answer, you'll get the full facts.

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The reality-check of this situation is that TCA did not proceed honorably with HHSE, and then through counsel, made numerous false statements to the court in support of their filing for a default judgment - which they had assured HHSE would NOT be filed.

Stay tuned....

http://hannoverhousemovies.blogspot.com/2016/07/fact-check-for-those-who-may-be.html















HHSE

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BLOG-7/27: Alchemy/BK Updates; CFO-Shefte Currently Lone Creditor's-Committee Nominee












Wednesday, July 27, 2016


Update on Alchemy / Anderson BK Matters


Greetings HHSE Friends & Followers - there have been a lot of legal activities in the past few days from creditors and debtor-parties in the bankruptcy cases of Our Alchemy, LLC and Anderson Digital / AN Connect. But the bottom-line status as of today is encouraging for creditors.

1). Creditor's Committee - Court has approved the formation of such a committee. Fred Shefte has been nominated by twelve supplier studios to appear on this committee... at this time, no other individuals have been officially put forward to serve on the Creditor's Committee.

2). Accounting Representation - Court has approved the hiring of a CPA accounting firm.

3). New Appearances - A total of fourteen (14) suppliers have filed notices of appearance through counsel. Two banks and two labs have filed (and all four appear to have various forms of secured claims or lab liens).

4). Notable Developments - under the request of SEAL, Anderson Merchandisers has filed a series of motions to terminate their deal with Our Alchemy, LLC. The details of their motion are not posted. But counsel speculates that a determination may have been made that "unwinding" the sale of Anderson to Alchemy (which, ostensibly would require repayment of the $30-mm in estimated payments), may be less problematic for Anderson than facing the wrath of multiple allegations.

With about $60-mm in actual debts (subject to the verification of the newly hired accountants), the receipt back from Anderson of $30-mm could result in a significant recovery for creditors... on top of all other assets, inventory, film distribution rights, preferential recoveries and accounts receivable.

http://hannoverhousemovies.blogspot.com/2016/07/update-on-alchemy-anderson-bk-matters_27.html














HHSE

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BLOG/FACEBOOK-7/26: June-October Ten (10) Placements with Walmart Stores









Tuesday, July 26, 2016

All those $125,000 New Release Shipments start to ADD-UP to Big Money!

Beginning with DARK AWAKENING in June and continuing now through the OCTOBER New Release product commitments, HHSE / Medallion Supplier Studio products have scored TEN (10) placements IN A ROW with Walmart Stores. There are FOUR additional titles being considered for NOVEMBER - so the Company's path to success keeps marching forward.

Financially, each New Release placement results in outbound shipments of approximately $125,000 per title... of which HHSE / Medallion "hold back" revenue recognition until units actually sell-thru to consumers. For calendar year 2015, HHSE / Medallion experienced a 12% average returns rate against gross sales... this is trending higher for 2016 (currently in the 20% average range) - but if we can "net" $100,000 per placement, and pop two-to-four titles into Walmart monthly, this becomes a very solid piece of our revenue pie. Next up? DAY OF REDEMPTION and BAD GIRLS for October.





http://hannoverhousemovies.blogspot.com/2016/07/all-those-125000-new-release-shipments.html

https://www.facebook.com/HHSE.hannoverhouse/






SUMMARY: HHSE Pursuing Significant Revenues Opportunities/Ventures; Alchemy Implosion:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124042221













HHSE

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SUMMARY: Lionsgate Venture, Form 10, Alchemy, 10-Walmart Placements






















7/29
FACEBOOK: HHSE/Sterling-Pictures/Lionsgate Theatrical WW II Thriller, "CHOSEN":
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124224135


7-28
BLOG: HHSE Legal Victory Over TCA; Ready To Proceed With S.E.C. Registration, Stock Uplist, New Activities:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124224342


7/27
BLOG: Alchemy/BK Updates; CFO-Shefte Currently Lone Creditor's-Committee Nominee:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124224379


7/26
BLOG/FACEBOOK: June-October Ten (10) Placements with Walmart Stores:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124224401

















HHSE