and that is terrible debt to you in pink land LMFAO! Have you seen 99% of the other pinks? Pinks always have debt mainly because of cash flow problems even with revenue. HHSE is growing at a faster rate than the available working capital can handle in which the only solution is TIME. 2010 was a building year, 2011 was a taste of profit and great improvement and 2012 will finally put Hannover House on the map. Besides their biggest sales are from films released in Q2 not Q1.
No cash
I don't think you understand how expensive it is getting your fins audited. It certainly isn't a free service. I would be worried about the validity of the audit completion if they had tons of cash on hand.
Anybody w/just a tad of common sense can see the HHSE numbers don't add up, the apparent excitement is just another ploy to cover up the HHSE financial blunders.
The Q1 numbers are exciting to me because it shows that HHSE has found a way to make almost $400K profit on much lower gross sales thanks to sticking to a business plan that doesn't require the huge up front expenses (both $$$ and manpower) that every theatrical release involves. By focusing on direct to video this year I believe we will see continually improving profits. Having said that, the occasional theatrical release (Toys in the Attic for example) on movies that have the potential to become relatively big hits gives HHSE an opportunity to get into the big leagues.
The wisdom of the direct to video business plan is demonstrated in the success of All's Faire in Love (55% of Q1 profit) compared to its poor results in theaters last year.
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