BLOG: Shareholders Request: Defer Meeting; Focus F
Post# of 7290
(Total Views: 410)
Posted On: 04/15/2019 11:29:45 AM
BLOG: Shareholders Request: Defer Meeting; Focus Form-10, MyFlix
Monday, April 15, 2019
Hannover House - Update on Shareholder's Meeting / Registration / Etc..
Good Morning HHSE Friends & Followers - While there are over 2,000 individual shareholders holding stock in Hannover House, Inc., the vast majority of freely-trading shares are held by approximately thirty-two (32) total shareholders, whose combined HHSE holdings collectively represent over 85% of the total of all shares. It's the long-support and significant positions of these "friendly longs" that has given HHSE stock its strong buoyancy and resilience, despite extraordinary efforts by short-sellers and stock-board trolls over the years to negatively impact the PPS.
Accordingly, we are receptive to communications and opinions of these and other shareholders, as we acknowledge these stake-holders as being the parties with the most to gain from the company's emergence.
Over this past weekend, HHSE management heard from twenty-eight (28) of these 32 key shareholders, including a primary HHSE coalition of 24 important longs. The unanimous consensus was to continue to defer the optional, corporate annual meeting in favor of focusing this week on the final tasks needed for clearance of the company's path for the Form 10 Registration filing. While the shareholder's meeting is always informative and productive - there is functionally nothing new that would be presented tomorrow other than clarified issues for the Registration filing. In fact, with the OTC Markets filing status being reinstated this week (and the Annual Compliance Filing to be posted immediately upon OTC access renewal), the Annual Report (for 2018) contains most of what a Shareholder's Meeting would cover.
As described in a post from April 3, HHSE is filing legal actions and making other resolutions for issues that might be viewed as material threats to the Company's going concern viability. As of January 1, 2019, there were nine such issues; as of today, there remain only three items of a material nature that HHSE counsel feels can be resolved in HHSE's favor in order to placate any reasonable concerns. Rather than telegraph the Company's specific legal strategies to mitigate these remaining issues, we have been advised to instead report via this Blog as each matter has been formally filed or resolved.
Besides the Form 10 Registration, there is another issue of interest to the Company's key longs: the status and funding of MyFlix. This week is also a pivotal time-frame for this particular venture, as project-specific funding is in motion that will replace the interim "development" funding agreement with an integrated financing line that includes the costly consumer marketing element of the launch. It's interesting to note that even behemoth DISNEY / FOX had to delay the launch of their Disney-branded streaming site from last month, to a revised date of Nov. 12, 2019... indicating that even with nearly unlimited resources, the physical logistics of launching a streaming site with thousands of titles (like MYFLIX), is more time-consuming than some executives (and shareholders) might have hoped. But like Disney / Fox, the final result for MyFlix should make the pre-launch waiting period worth the while.
In conclusion, and at the request of our key shareholders, HHSE Management is deferring the holding of a formal 2018 Shareholder's Meeting this week. It's possible that we will hold such a meeting later this month - and it's also possible that instead, we will hold a "Special Meeting of Shareholders" that focuses on the Registration Filing and MyFlix activities. Watch this blog for more updates.
http://hannoverhousemovies.blogspot.com/2019/...lders.html
HHSE
Monday, April 15, 2019
Hannover House - Update on Shareholder's Meeting / Registration / Etc..
Good Morning HHSE Friends & Followers - While there are over 2,000 individual shareholders holding stock in Hannover House, Inc., the vast majority of freely-trading shares are held by approximately thirty-two (32) total shareholders, whose combined HHSE holdings collectively represent over 85% of the total of all shares. It's the long-support and significant positions of these "friendly longs" that has given HHSE stock its strong buoyancy and resilience, despite extraordinary efforts by short-sellers and stock-board trolls over the years to negatively impact the PPS.
Accordingly, we are receptive to communications and opinions of these and other shareholders, as we acknowledge these stake-holders as being the parties with the most to gain from the company's emergence.
Over this past weekend, HHSE management heard from twenty-eight (28) of these 32 key shareholders, including a primary HHSE coalition of 24 important longs. The unanimous consensus was to continue to defer the optional, corporate annual meeting in favor of focusing this week on the final tasks needed for clearance of the company's path for the Form 10 Registration filing. While the shareholder's meeting is always informative and productive - there is functionally nothing new that would be presented tomorrow other than clarified issues for the Registration filing. In fact, with the OTC Markets filing status being reinstated this week (and the Annual Compliance Filing to be posted immediately upon OTC access renewal), the Annual Report (for 2018) contains most of what a Shareholder's Meeting would cover.
As described in a post from April 3, HHSE is filing legal actions and making other resolutions for issues that might be viewed as material threats to the Company's going concern viability. As of January 1, 2019, there were nine such issues; as of today, there remain only three items of a material nature that HHSE counsel feels can be resolved in HHSE's favor in order to placate any reasonable concerns. Rather than telegraph the Company's specific legal strategies to mitigate these remaining issues, we have been advised to instead report via this Blog as each matter has been formally filed or resolved.
Besides the Form 10 Registration, there is another issue of interest to the Company's key longs: the status and funding of MyFlix. This week is also a pivotal time-frame for this particular venture, as project-specific funding is in motion that will replace the interim "development" funding agreement with an integrated financing line that includes the costly consumer marketing element of the launch. It's interesting to note that even behemoth DISNEY / FOX had to delay the launch of their Disney-branded streaming site from last month, to a revised date of Nov. 12, 2019... indicating that even with nearly unlimited resources, the physical logistics of launching a streaming site with thousands of titles (like MYFLIX), is more time-consuming than some executives (and shareholders) might have hoped. But like Disney / Fox, the final result for MyFlix should make the pre-launch waiting period worth the while.
In conclusion, and at the request of our key shareholders, HHSE Management is deferring the holding of a formal 2018 Shareholder's Meeting this week. It's possible that we will hold such a meeting later this month - and it's also possible that instead, we will hold a "Special Meeting of Shareholders" that focuses on the Registration Filing and MyFlix activities. Watch this blog for more updates.
http://hannoverhousemovies.blogspot.com/2019/...lders.html
HHSE
(1)
(0)Hannover House Inc. (HHSE) Stock Research Links
Scroll down for more posts ▼