Congratulations to STARRY ENTERTAINMENT (Shenzen) and CRIMSON FOREST - two emerging principal venture partners for Hannover House - on an impressive announcement and resulting coverage from the Hong Kong FilMart yesterday.
Starry Entertainment has formed a partnership with the U.S. distributor and investor Crimson Forest for international releases of its productions.
April 14, 2017 CRIM Filed 10-Q for Period Ending November 30, 2015. After Two Years of Inactivity, becoming Current and/or Preparing for Merger? https://www.otcmarkets.com/stock/CRIM/filings
The Father of CRIM CEO Jonathan Lim is Anthony Lim. Anthony Lim is President of SamCorp Capital
SAMCORP CAPITAL CORPORATION (SAMCORP) was incorporated on December 17, 1997 with US $1 billion in authorized capital. SAMCORP is a private equity company that invests and co invests in movies production from US $5 million to US $25 million, commercial and residential real estate, food and beverage , entertainment and Internet and technology startups.
Two Projects of SamCorp are HHSE/CRIM Film Pali Road and Crimson Forest Films (CRIM). (Keep scrolling down to get About & Projects) http://samcorp.capital/ SamCorp Capital also owns 90.55% of Crimson Forest Films (CRIM): https://www.otcmarkets.com/financialReportViewer?symbol=CRIM&id=134463 CMC Pictures (Chinese) - HHSE Program Supplier Partner. We know HHSE is Distributing 3 Films for CMC: * "Extraordinary Mission" * "Shock Wave" * "The Legend of Wu Kong": http://www.cmc-pictures.com/
In Summary Clarification: I/we have no idea what Companies are involved. Appears to be a Merger and/or Partnership(s) of Multiple Companies. Merely assembling facts of what we know. We currently only have bits and pieces of info. This week should provide a of of the details. Chinese Entertainment Companies have big money and a big appetite for Entertainment Content and Distribution. The Chinese want an entertainment publicly traded company in the US. They are putting one together. HHSE appears to be one component, offering all HHSE Shareholders a Substantial Premium and Value.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently
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structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ.
* HHSE and another fully registered public equity.
* Mutually executed a letter of intent agreement for a corporate merger
* Significant impact to the financial strength, operations, profile and activities of HHSE
* Contemplated as a stock-for-stock swap
* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control
* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.
* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.
* Immediate and significant premium value to HHSE shareholders
* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)
* Merger currently under review and is anticipated to be resolved on or before April 14, 2017
* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ