FINANCING FOR "MAJOR FILMS & MYFLIX" - Some shareholders have asked (rightfully so) how a company (that has been horribly cash-strapped from its stubborn focus on indie films for video release) anticipates financing this ambitious involvement in the "Major Films" as well as in the competitive world of launching a major MyFlix site?
For an even more in depth look at Hannover House here is kind of a time capsule of how HHSE management Eric Parkinson and Fred Shefte have methodically built up Hannover House into a viable business over the years. Simply select a date to get a view of the company at that time:
****HHSE DUE_DILIGENCE: Uplist, True & Fair Value $0.10+ ****
Per Yahoo Finance right now HHSE has a Book Value of $0.04. Though extremely hard to quantify, the HHSE Audits and Form 10 add further significant value to HHSE. Not to mention HHSE Uplist to OTC:QB (get off the Pinks) with a broader base of more sophisticated and knowledgeable investors. This partly explains why accredited investors are willing to pay premium prices (S-1) for HHSE.
Not sure what it will look like yet, But I will be keeping a Due Diligence post here based somewhat on the blueprint below. It is a work in progress that will be changing frequently as info becomes available. Will try to maintain as a Sticky Post.
* (Need to mention this item. HHSE Updated Film Library Evaluation. Have not included yet, because not sure how it plays in to HHSE new business model. Updated Film Library Evaluation should be completed. Stated in OTCMarkets Document the new HHSE Film Library Evaluation equals at least $28,000,000).