"HHSE NEED To UPLIST; But NO Dilution Needed"
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Posted On: 12/09/2017 2:54:54 PM
"HHSE NEED To UPLIST ; But NO Dilution Needed"
http://hannoverhousemovies.blogspot.com/2017/...-hhse.html
Do your Due Diligence. Listen to what HHSE says and watch what HHSE does. It is all there in black and white (red above), they are setting them selves up to access working capital and production funds. HHSE is becoming more attractive to program suppliers and a more sophisticated class of investors, including institutional investors and hedge funds. The proposed Crimson Merger was just a learning detour on a winding road. Now watch as the process advances over the next few months.
BLOG: BofD Authorized Registration Costs & Uplisting Implementation
Monday, October 23, 2017
HHSE Board of Directors Approves Uplisting / Registration Costs
Dear HHSE Friends, Followers & Shareholders: At a special meeting of the Board of Directors of Hannover House, Inc., held on Thursday, October 19 at 11:00-am, the Board voted unanimously to immediately reinstate the prior filing activities to register the company's stock shares with the Securities and Exchange Commission (Form 10). The Board also authorized the following budgetary expenditures - to be funded from ongoing cash flows - to promptly complete this task:
The one-time costs for the registration / uplist are estimated at $88,250. The ongoing (annualized) maintenance costs are estimated at $44,000 (inclusive of the Quarterly Reviews by the PCAOB Auditing firm, and the annual year-end report and legal review).
Based on current cash flow and resources - and considering the anticipated benefits to the Company and its shareholders for HHSE as a fully registered equity - the Board has authorized the immediate implementation of this plan and the authorization of these expenditures.
The Board believes that Fully Registered Shares will be more attractive to HHSE program suppliers and investors - as well as to institutional investors and hedge funds - and that pursuing these activities now is a good use of ongoing cash flows.
http://hannoverhousemovies.blogspot.com/2017/...roves.html
(GETTY IMAGES Press Coverage / NYC Oct. 5, 2017)
ERIC PARKINSON (C.E.O.), DESIREE GARNIER (Director of Marketing), FRED SHEFTE (President)
HHSE
Quote:
3). UPLIST - While HHSE does need to "uplist" - we DON'T need to do a corporate-merger with another entity to achieve this goal. We were enticed by the offer of working capital and access to production funds from Crimson Forest, and thus our long, slow-dance this past year to try and complete a corporate merger. But in the end, we have determined that we do NOT need to dilute our shareholders by 42% (or any amount) in order to become fully registered and uplisted. Fortunately, the time we spent attempting to complete the Crimson merger enabled HHSE to get our audit materials and records in order to quickly facilitate a re-filing of our Form 10 Registration promptly following 12-31-17.
http://hannoverhousemovies.blogspot.com/2017/...-hhse.html
Quote:
Based on current cash flow and resources - and considering the anticipated benefits to the Company and its shareholders for HHSE as a fully registered equity - the Board has authorized the immediate implementation of this plan and the authorization of these expenditures.
The Board believes that Fully Registered Shares will be more attractive to HHSE program suppliers and investors - as well as to institutional investors and hedge funds - and that pursuing these activities now is a good use of ongoing cash flows.
Do your Due Diligence. Listen to what HHSE says and watch what HHSE does. It is all there in black and white (red above), they are setting them selves up to access working capital and production funds. HHSE is becoming more attractive to program suppliers and a more sophisticated class of investors, including institutional investors and hedge funds. The proposed Crimson Merger was just a learning detour on a winding road. Now watch as the process advances over the next few months.
BLOG: BofD Authorized Registration Costs & Uplisting Implementation
Monday, October 23, 2017
HHSE Board of Directors Approves Uplisting / Registration Costs
Dear HHSE Friends, Followers & Shareholders: At a special meeting of the Board of Directors of Hannover House, Inc., held on Thursday, October 19 at 11:00-am, the Board voted unanimously to immediately reinstate the prior filing activities to register the company's stock shares with the Securities and Exchange Commission (Form 10). The Board also authorized the following budgetary expenditures - to be funded from ongoing cash flows - to promptly complete this task:
The one-time costs for the registration / uplist are estimated at $88,250. The ongoing (annualized) maintenance costs are estimated at $44,000 (inclusive of the Quarterly Reviews by the PCAOB Auditing firm, and the annual year-end report and legal review).
Based on current cash flow and resources - and considering the anticipated benefits to the Company and its shareholders for HHSE as a fully registered equity - the Board has authorized the immediate implementation of this plan and the authorization of these expenditures.
The Board believes that Fully Registered Shares will be more attractive to HHSE program suppliers and investors - as well as to institutional investors and hedge funds - and that pursuing these activities now is a good use of ongoing cash flows.
http://hannoverhousemovies.blogspot.com/2017/...roves.html
(GETTY IMAGES Press Coverage / NYC Oct. 5, 2017)
ERIC PARKINSON (C.E.O.), DESIREE GARNIER (Director of Marketing), FRED SHEFTE (President)
HHSE
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