10-Q Summary: Revenues, Profits, MERGER IMMINENT
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Posted On: 08/19/2017 4:55:53 PM
10-Q Summary: Revenues, Profits, MERGER IMMINENT
Quote:
On July 25, 2017, HHSE executives Eric Parkinson and Fred Shefte met in Los Angeles with legal counsel for Crimson Forest Entertainment Group, Inc., to address and resolve the issues of deficient disclosure, backup documentation and other managerial matters. As of the date of this report, Crimson Forest is working to diligently complete or provide access to all items and issues required for the completion of the audits and compliance filings. Accordingly, the planned date for the stock-for-stock swap aspect of the merger (previously targeted and mutually announced for July), is delayed but expected to be imminent. Both parties remain committed to the merger and believe that these final complianceitems will be resolved in the coming days.
* Once Again, No Dilution in Quarter. HHSE Outstanding Shares 799,929,996.
* HHSE Model of Consistency. 30 Consecutive Quarters of Revenues & Profits Out of 30 Quarters Since Going Public in 2010 (First Full Quarter).
* Revenue = $149,139.
* Net Income = $22,700
(Adjusted Revenues For Period) During the Merger Process with Crimson Forest, Company purposely delayed the release of five (5) new release Home Video and V.O.D. titles, which will be released later in 2017. Company projects that the gross revenue value of the delayed titles is approximately $750,000. On 8/18 HHSE Blog Announced 4 Significant Theatricals & 8 Home Videos Beginning in 3rd Quarter 2017 (Link/details below).
HHSE 2nd Quarter 10-Q Ended June 30, 2017:
Quote:
On July 25, 2017, HHSE executives Eric Parkinson and Fred Shefte met in Los Angeles with legal counsel for Crimson Forest Entertainment Group, Inc., to address and resolve the issues of deficient disclosure, backup documentation and other managerial matters. As of the date of this report, Crimson Forest is working to diligently complete or provide access to all items and issues required for the completion of the audits and compliance filings. Accordingly, the planned date for the stock-for-stock swap aspect of the merger (previously targeted and mutually announced for July), is delayed but expected to be imminent. Both parties remain committed to the merger and believe that these final complianceitems will be resolved in the coming days.
* Once Again, No Dilution in Quarter. HHSE Outstanding Shares 799,929,996.
* HHSE Model of Consistency. 30 Consecutive Quarters of Revenues & Profits Out of 30 Quarters Since Going Public in 2010 (First Full Quarter).
* Revenue = $149,139.
* Net Income = $22,700
(Adjusted Revenues For Period) During the Merger Process with Crimson Forest, Company purposely delayed the release of five (5) new release Home Video and V.O.D. titles, which will be released later in 2017. Company projects that the gross revenue value of the delayed titles is approximately $750,000. On 8/18 HHSE Blog Announced 4 Significant Theatricals & 8 Home Videos Beginning in 3rd Quarter 2017 (Link/details below).
HHSE 2nd Quarter 10-Q Ended June 30, 2017:
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