7 JUN Blog - Note 418 titles: 3). FORM 10 FILING
Post# of 7483
Posted On: 06/29/2016 2:21:54 PM
7 JUN Blog - Note 418 titles:
3). FORM 10 FILING STATUS - The completion of the Film Library analysis report is occupying a large amount of the attention for this major corporate governance project. HHSE management is not being allowed to "ignore" the many titles acquired over the past few years - which collectively tip the film & video library to 418 titles. Factors impacting the completion are the needs to generate reasonable and realistic forecasts for titles "yet-to-be-released" - and as such, without the benefit of a prior sales history, HHSE has been required to generate release analysis summaries for all new titles, referencing "comparable" prior releases. It's been a frustratingly time-consuming requirement - but one which we feel will be completed (on HHSE's side) by next week, as we have only 47 more (unreleased) titles requiring release overviews and analysis reports. The addition of the Film Library report will be added to the Audits and the Form 10 for the S.E.C. Filing.
29 JUN blog - Note over 455 titles:
5). FORM 10 ISSUES - The HHSE / Medallion film library (now over 455 titles) is requiring more time for valuation (and more costs) than previously anticipated, due to PCAOB requirements for the Form 10 audit opinion letter.
Within last three weeks, HHSE film library grew by over 37 titles. Perhaps HHSE can explain to us how it grew and what the additional 37 titles are?
3). FORM 10 FILING STATUS - The completion of the Film Library analysis report is occupying a large amount of the attention for this major corporate governance project. HHSE management is not being allowed to "ignore" the many titles acquired over the past few years - which collectively tip the film & video library to 418 titles. Factors impacting the completion are the needs to generate reasonable and realistic forecasts for titles "yet-to-be-released" - and as such, without the benefit of a prior sales history, HHSE has been required to generate release analysis summaries for all new titles, referencing "comparable" prior releases. It's been a frustratingly time-consuming requirement - but one which we feel will be completed (on HHSE's side) by next week, as we have only 47 more (unreleased) titles requiring release overviews and analysis reports. The addition of the Film Library report will be added to the Audits and the Form 10 for the S.E.C. Filing.
29 JUN blog - Note over 455 titles:
5). FORM 10 ISSUES - The HHSE / Medallion film library (now over 455 titles) is requiring more time for valuation (and more costs) than previously anticipated, due to PCAOB requirements for the Form 10 audit opinion letter.
Within last three weeks, HHSE film library grew by over 37 titles. Perhaps HHSE can explain to us how it grew and what the additional 37 titles are?
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