CRIM Ownership: Entrepreneur, Business Mogul Anthony Lim (Samcorp)
Item 11 A1-A6 – Supplemental Disclosures.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). As announced in press releases and via a Form 8k Information Statement filed, the merger partner is Crimson Forest Entertainment Group, Inc., a China-based media company substantially owned by entrepreneur and business mogul Anthony Lim (of Samcorp and Accuna Companies Worldwide). The letter of intent to merge was signed in mid-March, and chosen for a defacto effective date of May 1st for operaitons and May 15 – or as quickly as allowed – for the stock-for-stock swap (as such final move requires review and approval of FINRA). Attached to this Quarterly Filing as an Exhibit is a copy of the Form 8 information statement, and the mutual press release on the merger activities. Upon formal FINRA approval of this corporate merger, as presently structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ. Crimson Forest has many high-profile feature films in various stages of production and pre-production, collectively representing investment capital of more than $65-million. It is HHSE’s belief that the availability of star-driven, high-profile feature films with significant theatrical releasing funding behind them, could materially transform the profile, credibility, revenues and profits of the combined companies.
Page 22
http://www.otcmarkets.com/ajax/showFinancialR...?id=172172
HHSE MERGER Partner CRIM: Samcorp Capital Subsidary (90.55%)
Crimson Forest Entertainment Group Inc. operates as an independent motion picture studio that finances, produces and acquires theatrical feature films and televisions series for worldwide distribution. The company is a subsidiary of Samcorp Capital Corporation . The company engages in the development, production and distribution of its film and television projects. As of February 28, 2015, the company’s first feature film, re-titled ‘Pali Road’, has completed principal photography and is in post-production. Pali Road is scheduled to be released before the end of the year.
http://www.investing.businessweek.wallst.com/...icker=CRIM
What is a 'Subsidiary'
A subsidiary is a company with voting stock that is more than 50% controlled by another company, usually referred to as the parent company or the holding company.
https://www.otcmarkets.com/financialReportVie...;id=134463
(CRIM) Crimson Forest Films Management Team (Website) :
* Jonathan Lim - Chairman
* Eric Parkinson - CEO (Current HHSE CEO)
* Fred Shefte - President (Current HHSE President)
http://crimsonforestentertainment.com/our-team/
http://nvsos.gov/sosentitysearch/CorpDetails....&nt7=0
CRIM Chairman Jonathan Lim father is Anthony Lim.
Anthony Lim is President of the $ Billion infused Samcorp Capital. Samcorp is a private equity company that invests in movies production from US $5 million to US $25 million among other interests. Two projects of Samcorp are the Film "PALI ROAD" and Crimson Forest (90.55% owner).
(Scroll down)
http://samcorp.capital/
HHSE
Quote:
As announced in press releases and via a Form 8k Information Statement filed, the merger partner is Crimson Forest Entertainment Group, Inc., a China-based media company substantially owned by entrepreneur and business mogul Anthony Lim (of Samcorp and Accuna Companies Worldwide).
Item 11 A1-A6 – Supplemental Disclosures.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). As announced in press releases and via a Form 8k Information Statement filed, the merger partner is Crimson Forest Entertainment Group, Inc., a China-based media company substantially owned by entrepreneur and business mogul Anthony Lim (of Samcorp and Accuna Companies Worldwide). The letter of intent to merge was signed in mid-March, and chosen for a defacto effective date of May 1st for operaitons and May 15 – or as quickly as allowed – for the stock-for-stock swap (as such final move requires review and approval of FINRA). Attached to this Quarterly Filing as an Exhibit is a copy of the Form 8 information statement, and the mutual press release on the merger activities. Upon formal FINRA approval of this corporate merger, as presently structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ. Crimson Forest has many high-profile feature films in various stages of production and pre-production, collectively representing investment capital of more than $65-million. It is HHSE’s belief that the availability of star-driven, high-profile feature films with significant theatrical releasing funding behind them, could materially transform the profile, credibility, revenues and profits of the combined companies.
Page 22
http://www.otcmarkets.com/ajax/showFinancialR...?id=172172
HHSE MERGER Partner CRIM: Samcorp Capital Subsidary (90.55%)
Crimson Forest Entertainment Group Inc. operates as an independent motion picture studio that finances, produces and acquires theatrical feature films and televisions series for worldwide distribution. The company is a subsidiary of Samcorp Capital Corporation . The company engages in the development, production and distribution of its film and television projects. As of February 28, 2015, the company’s first feature film, re-titled ‘Pali Road’, has completed principal photography and is in post-production. Pali Road is scheduled to be released before the end of the year.
http://www.investing.businessweek.wallst.com/...icker=CRIM
What is a 'Subsidiary'
A subsidiary is a company with voting stock that is more than 50% controlled by another company, usually referred to as the parent company or the holding company.
https://www.otcmarkets.com/financialReportVie...;id=134463
(CRIM) Crimson Forest Films Management Team (Website) :
* Jonathan Lim - Chairman
* Eric Parkinson - CEO (Current HHSE CEO)
* Fred Shefte - President (Current HHSE President)
http://crimsonforestentertainment.com/our-team/
http://nvsos.gov/sosentitysearch/CorpDetails....&nt7=0
CRIM Chairman Jonathan Lim father is Anthony Lim.
Anthony Lim is President of the $ Billion infused Samcorp Capital. Samcorp is a private equity company that invests in movies production from US $5 million to US $25 million among other interests. Two projects of Samcorp are the Film "PALI ROAD" and Crimson Forest (90.55% owner).
(Scroll down)
http://samcorp.capital/
HHSE
