Replies to Post #264046 onHannover House Inc (HHSE)

Replies to #264046 on Hannover House Inc (HHSE)

01/07/18 8:59 PM

#264093 RE: speckulater #264046

2018 Release Activities: Theatricals, 12 Titles, $4,000,000+ Shipments

we have new release DVD and BluRays in the pipeline for February, March, April and May (collectively generating over $4-million in gross shipments)

4). What's in Store for the first half of 2018?

a). Release Activities: January will see the theatrical release of "BLOODFEAST" - delayed since July due to MPAA re-cut needs. February will see a massive placement of DVDs and BluRays for "BATTLECREEK" (street date Feb. 6). That same week, on Friday (Feb. 9), HHSE will commence the initla theatrical launch of "DEATH HOUSE" to theatres. In April, three titles will be released via Sony Pictures Home Entertainment (including "DAISY WINTERS"); in May, HHSE will release "THE RIOT ACT" to theatres and Cinedigm will release DVD's and BluRays of "THE LENNON PROJECT" for the Company. Other titles in queue for theatrical and / or home video during the first half of 2018 include "MUSE", "INSOMNIUM", "IDENTITY CRISIS", "SLEEPER CELL", "DINOSAURS OF THE JURASSIC" and "SACRED HEARTS" (all but the last title were planned for 2017, but delayed during the Crimson merger pursuit).

http://hannoverhousemovies.blogspot.com/2017/12/where-we-have-been-where-we-are-now-and.html

HHSE

speckulater

01/07/18 9:11 PM

#264099 RE: speckulater #264046

7.) VODwiz - Online Independent Films Streaming Portal

* Doubled Film Titles In Library (Second only to Amazon at this point).
* VODWIZ has now partnered with Amazon Digital Services for hosting, operations, payment processing and customer service of all activities.

* VODWIZ site now being assembled, prepared and uploaded will feature THREE main categories of programming on the home-page menu:
A.) WATCH - Thousands of feature films and television episodes
B.) LEARN - Educational Programming, Many subjects and achievement levels.
C.) PLAY - Single-player, interactive and group-play VideoGames

* Two User Options:
a.) Pay-Per-Transaction
b.) Monthly Subscription Models

* HHSE initial (first year) target is to have 100,000 subscription customers, averaged at $8.50 per month - for annualized gross revenues of $10.2-million.

HHSE

speckulater

01/07/18 9:27 PM

#264102 RE: speckulater #264046

Updated Film Library Evaluation ($28,000,000) ~ .035 Per Share

FILM & TV LIBRARY (incl. VODWIZ)* 23,565,337

* HHSE Film Library Valuation is currently being updated to include over 145 DVD titles previously not listed in the 2010 report, along with 23 titles since expired or discontinued. No value has yet been assessed on the 2,215 titles under license for the VODWIZ streaming portal other than those capitalizedand otherwise recoupable amounts due to Company for mastering and preparation costs on titles.

http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=177628

Though a little wordy. In the HHSE Filing below, HHSE feels the new Film Library Evaluation should be $28,000,000. The Evaluators completing the New, Updated HHSE Film Library Evaluation determined it is worth more than $28,000,000.

Item 11 A1-A6 – Supplemental Disclosures.

i). The Company has completed the written and disclosure portions of a Form 10-12(g) Registration Statement, which was previously planned for filing with the Securities and Exchange Commission on or Jan. 15, 2016, subject to the completion of outside audits by a PCAOB licensed auditing firm. The Company has since engaged a qualifying auditing firm and participated in extensive interviews and reviews of filings, reports and back-up materials. As disclosed to shareholders on the HHSE Company blog site on January 30, 2016, the new auditors have made several determinations of material deficiencies in the financials for the Company, specifically, 1). The value of the Film Library relative to all other assets (and the issues of the five-year-aging of the prior Film Library Valuation report, the changing marketplace for physical video sales as compared to the growing market for digital streaming, and the significant exclusions of key titles from the prior Film Library) and 2). The need for Internal Controls and Compliance Documentation that would conform to standards prescribed under Sarbanes-Oxley Act 404. While technically not “advising” the Company on how to conduct internal controls or instructing the Company to conduct a more thorough and current Film Library Valuation Study, the new auditors did clarify that not addressing or rectifying these issues would result in significant comments by the auditors to the Form 10-12(g) audit portion, and this could result in commentary and non-compliance following S.E.C. review of the registration filing. Having the Company’s largest balance sheet asset reviewed under more recent valuation, and having the Company conform to widely accepted Internal Controls Procedures, would be a requirement for the auditors, unless the Company was willing to proceed with significant auditor’s footnote commentary on these issues. Rather than risk having another obstacle impact the S.E.C. acceptance of the Company’s registration, management has taken the steps to conform to these higher disclosure and operational standards. Company anticipates that the updated Form 10-12(g) Registration Filing, including 2-years of full-year audits and a revised and updated Film Library Valuation Report will be submitted to the S.E.C. in the near-term future, subject to the completion of the new Film Library Valuation (it should be noted that Company is seeking to obtain a lowered valuation than the initial figure determined by the new Library Evaluators, which contains sales forecasts for titles greater than Company Management’s estimates. It is Company’s position that a Library Valuation that is significantly higher than forecasts based on Company’s existing, internal self-distribution apparatus, could elevate shareholder expectations higher than management’s more conservative forecasts. While the higher sales values provided by the first Library Valuation report have as a premise the assumption that HHSE will align itself with one of the Major Studios in the coming year, there can be no assurance that such a deal will occur, and as such, management feels that the current Film Library Valuation should reflect existing distribution channels and revenues, and conform closer to management’s estimated current value of $28-mm. A review of sales activities at the Cannes Film Festival and Marche du Film and other relevant agenda items affecting the Company’s Film Library Valuation have occurred over the summer (2016) and the Company feels confident of having reached a consensus with the valuators on the current and anticipated value of each title, by media income stream.

Page 20
HHSE 10-Q For the three-month period ended: June 30, 2016:
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=161112

Though Final Libary Valuation not released yet, safe to say $28,000,000 Minimum.

$28,000,000 / 799,000,000 = $.03504 = .035 Per Share

This is based on HHSE Film Library Valuation Alone. Does not include any Profits which HHSE has recorded every Quarter since Going Public in 2010.

HHSE