Even the stuck longs would not buy S-1 shares when the proceeds will be 100% seized by creditors.
That's why the Form 10 and the S-1 will never happen. Because both would require actual, truthful disclosure of the massive liabilities on HHSE books, owed to the various judgment creditors.
Eric can lie about the lawsuits on his fantasy blog, but he can't do that in an SEC-filed document, like a Form 10 or an S-1.
He's screwed as long as all these lawsuits are out there, and the judgment creditors are all vigilantly watching, and ready to pounce on every dollar that might be due to HHSE.
No launch of MyFlix.
No movie releases.
No revenue from anything, as long as the creditors have liens, garnishment orders, and investigators watching the clowns.