BLOG: Seperating Company Truth From Misrepresentation
NOTE: There was a BLOG today that does not really pertain to this forum. Here, bashers and liars, criminals are deleted. Other forums are not so fortunate.
BLOG-6/17: Precision & Accuracy Separate Public Company Statements
From Misrepresentation
Monday, June 17, 2019
Precision & Accuracy separate public company statements from misrepresentation
Greetings HHSE Friends & Followers - About ten days ago, Hannover House put out a press release which discussed an unexpected revenue surplus for the State of Arkansas - and how this is being viewed as "tremendous news" among those supporting a new structure for media incentives.
A copy or the press release is below (with the ONLY change being the addition of PARAGRAPH numbers for the purpose of this BLOG). The press release is posted to OTC Markets under HHSE.
One of the more vocal "stock critics" against HHSE has posted a series of inflammatory and extremely inaccurate statements on a stock chat board, which state that the press release was not truthful. Let's examine these claims in order to clearly show the difference between a precise and accurate public company statement, and a series of intentional lies from a stock manipulator:
1). In paragraph (1) of the press release below, the subject of the $174-surplus is addressed. It is easy to verify this revenue surplus using "Google" or other search engines. This first paragraph further states that this surplus has "sparked renewed enthusiasm for the New Media Incentives Program." The evidence for this are communications sent to Parkinson by top legislative leaders saying (in summary): "now would be a good time to seek a year-one funding allocation." Nowhere in this paragraph is it represented that this program is now FUNDED or has unanimous support with the Governor or AEDC, neither of which are mentioned.
2). In paragraph (2) below, Parkinson states his opinion as to why this surplus occurred, and how its timing offers Arkansas a fortuitous opportunity. These statements are in quotations and as such are attributed as Parkinson's opinion.
3). Paragraph (3) describes the primary differences between the New Media Incentives Program developed and presented by Parkinson - vs. the existing film incentives structure for Arkansas. The veracity of these statements can be evidenced by simply looking at the new program and comparing it to the existing program.
4). Paragraph (4) is also a quote from Parkinson, but rather than stating his opinion, it lists items that Parkinson is attributing as FACT. Yes, it is factual that 100% of the Legislators that met with Parkinson and Rivers on this plan showed enthusiasm and support. This includes the formal presentation to the Arts Council - which was ALSO attended by a representative of AEDC, who did NOT like or support the idea of proposing a whole new program. While not listed anywhere in this release, it may be notable to state that Parkinson's meeting with Film Commissioner Chris Crane did not result in Mr. Crane's acceptance or interest in a new program. At the time of the meeting, Mr. Crane was concerned with the passage of a renewal of the existing program, and told Parkinson that he was concerned that proposing a whole new structure could jeopardize the renewal, and that the state could end up with no program at all. We were told in an email sent to Parkinson by Mike Preston that Mr. Crane relayed his concerns to Mr. Preston, and as such, the AEDC would NOT be supporting a new program during the spring legislative session. Again, nowhere in the press release is it stated or implied that either the AEDC or Governor are (or had previously) supported the new program.
5). Paragraph (5) lists industry data for production in Arkansas, which can also be easily confirmed by basic internet searches.
6). Paragraph (6) is a quote from Parkinson expressing his opinion as to why a program that provides incentives to Arkansas-based entities makes more sense than a program which encourages out of state companies to "hit and run" after payment.
7). Paragraph (7) lists the total number of State Representatives and State Senators that were presented with the program (40), all of whom expressed interest in the proposal, but concern about a funding source. This paragraph also mentions the MyFlix site and describes what the company is preparing for that venture (and how it could benefit Arkansas if located here).
. Paragraph ( talks about previously disclosed corporate activities for Hannover House, which are easily verified by searching disclosures, this blog, OTC Markets filings or internet search engines.
It's quite clear that there are NO misrepresentations in the Press Release. Nowhere does it state that the New Media Incentives Program has the support of either the Governor or the AEDC office... however, the stock board poster is focused on making these false statements. The support for the New Media Incentives Program comes from the legislators... and the obstacle to progression was in identifying a funding source or renewable funding mechanism. The 'renewed enthusiasm' resulting from an unexpected revenue surplus of $174-mm is that the Governor may now want to consider the allocation of resources for this jobs-creation plan. With the $9-billion dollar film industry in the State of Georgia now suffering abandonment from major studios, the Governor's quick action in Arkansas could grab a big piece of this employment sector. That was the point of the press release.
For what it's worth, the passage or NON-passage of the New Media Incentives Program developed by Parkinson for the State of Arkansas has NO impact on any of the projects and current corporate endeavors of Hannover House and affiliates. If it passes... if it's funded... it COULD pay dividends in the future. But for now, it's simply a very good idea being pursued by the HHSE C.E.O.
Please be advised that any and all communications between elected state officials and constituents or outsiders are obtainable through the Freedom of Information Act. Anyone contacting the State to inquire about this New Media Incentives Proposal needs to be aware that all communications are public, and that the use of a false identity can be prosecuted under Arkansas law. All of Parkinson's communications to - and from - the Governor's office, the AEDC and all of the legislators can be obtained through a FOIA request -- as can all communications made by those with nefarious intentions who prefer to misrepresent the Hannover House press announcement rather than rise to the level of the mandatory precision and accuracy that is required of public companies.
$174-mm Arkansas Surplus Sparks Interest in New Media IncentivesPress Release | 06/07/2019
(1) The Arkansas Department of Finance and Administration has announced that the state has generated a surplus of over $174-million for the fiscal year ending June 30, 2019, which has sparked renewed enthusiasm for the New Media Incentives Program developed by N.W. Arkansas entertainment executive, Eric Parkinson, C.E.O. of Hannover House, Inc. (OTC: HHSE).
(2) "This is tremendous news," said Parkinson, "and we can attribute much of this surplus to programs and policies enacted by the Legislature and Governor Asa Hutchinson. As state government officials work together, hand-in-hand with businesses such as Hannover House, we can now begin to implement the economic and employment programs detailed in the New Media Incentives Program for Arkansas. The timing is especially fortuitous as many of the media companies comprising the $9-bilion dollar film industry currently operating in the State of Georgia are looking to relocate their operations," he concluded.
(3) The New Media Incentives Program drafted by Parkinson is designed to allocate a majority of state incentives to companies residing in Arkansas, as opposed to rewarding out-of-state media companies to "hit-and-run." The program provides significant rebates for qualifying film and television productions, and includes the broader spectrum of "new media" and digital industry jobs, including data management, website and APP creation and data-streaming services, such as the multi-studio, Netflix-like consumer streaming venture of Hannover House known as MyFlix.
(4) "There was unanimous support across both aisles of the Legislature for the New Media Incentives Program during this past session," said Parkinson. "The obstacle to finalizing this program into law was the designation of a funding component that would be reliable and repeatable. Several funding programs were proposed, but none would have resulted in an immediate funding source for the first year of incentives. The availability of this significant revenue surplus for Arkansas enables us to kick-start this important jobs and economic program for FYE 2020."
(5) Last year was a record year for film and television production within Arkansas, due primarily to the expenditure of a reported $90-million by HBO on the production of season three of "True Detective." While the existing Arkansas film incentive program did generate a substantial rebate payment to HBO (rumored at $21-million), these funds were functionally sent out of state and were not reinvested into creating long-term jobs and a sustainable media industry. The Parkinson plan calls for most of the Arkansas incentives to be paid to companies located within Arkansas and those making a long-term, strategic investment in the media industries within Arkansas.
(6) "A state program would not incentivize an auto-maker like General Motors to set-up an operation to build cars for only six months and then leave," said Parkinson. "So why should the Arkansas film and media incentives not follow this same sort of philosophy of being used to create permanent jobs instead of temporary activities?"
(7) During the recent spring legislative session for Arkansas, Parkinson met with over forty Arkansas House or Arkansas Senate representatives, as well as with Governor Hutchinson, the Arkansas Economic Development Commission, the AFL-CIO and a variety of major businesses and owners including power-utility giant Entergy (owner of the Russellville Nuclear One Plant, among many others). He reports receiving unanimous support from these businesses and elected officials for the implementation of the New Media Incentives Program, with the only obstacle being the designation of a first-year revenue funding source (while the program begins to self-fund in subsequent years). The news of a major and unexpected surplus for Arkansas is expected to facilitate this launch opportunity.
Hannover House, Inc. is a full-service media company, located in Fayetteville, Arkansas, and operating continuously for the past 26-years. The company has released over 450 feature film and television titles to the DVD market, with Walmart Stores among its top ten clients. Recently, with the consumer transition away from the purchasing of DVD products - and now favoring digital streaming - the company has refocused onto both bigger-budgeted original feature film productions as well as a new streaming venture known as MyFlix, which combines over 12,000 titles from more than 40 separate suppliers into a one-stop digital superstore for consumers to access. Many analysts feel that the MyFlix venture has the upside potential that has made other streaming suppliers, such as Amazon and Netflix, into media powerhouses. Accordingly, many elected officials from the State of Arkansas are desirous of having Hannover House establish and maintain the MyFlix venture within Arkansas.
( Hannover House has announced that the company will be filing a Form 10 registration statement with the Securities and Exchange Commission, which will enable the company to elevate the stock from its current listing on the OTC Pinksheets to the more accessible, investor-friendly and prestigious OTC-QB board. Parkinson feels that the timing of the launch of MyFlix, combined with the company's uplisting and other activities - including the New Media Incentives Program - should create enhanced interest in the company.
For More Information, contact: ERIC PARKINSON / 818-481-5277 / Eric@HannoverHouse.com
https://www.otcmarkets.com/stock/HHSE/news/CO...?id=230954
http://hannoverhousemovies.blogspot.com/2019/...ublic.html
HHSE
NOTE: There was a BLOG today that does not really pertain to this forum. Here, bashers and liars, criminals are deleted. Other forums are not so fortunate.
BLOG-6/17: Precision & Accuracy Separate Public Company Statements
From Misrepresentation
Monday, June 17, 2019
Precision & Accuracy separate public company statements from misrepresentation
Greetings HHSE Friends & Followers - About ten days ago, Hannover House put out a press release which discussed an unexpected revenue surplus for the State of Arkansas - and how this is being viewed as "tremendous news" among those supporting a new structure for media incentives.
A copy or the press release is below (with the ONLY change being the addition of PARAGRAPH numbers for the purpose of this BLOG). The press release is posted to OTC Markets under HHSE.
One of the more vocal "stock critics" against HHSE has posted a series of inflammatory and extremely inaccurate statements on a stock chat board, which state that the press release was not truthful. Let's examine these claims in order to clearly show the difference between a precise and accurate public company statement, and a series of intentional lies from a stock manipulator:
1). In paragraph (1) of the press release below, the subject of the $174-surplus is addressed. It is easy to verify this revenue surplus using "Google" or other search engines. This first paragraph further states that this surplus has "sparked renewed enthusiasm for the New Media Incentives Program." The evidence for this are communications sent to Parkinson by top legislative leaders saying (in summary): "now would be a good time to seek a year-one funding allocation." Nowhere in this paragraph is it represented that this program is now FUNDED or has unanimous support with the Governor or AEDC, neither of which are mentioned.
2). In paragraph (2) below, Parkinson states his opinion as to why this surplus occurred, and how its timing offers Arkansas a fortuitous opportunity. These statements are in quotations and as such are attributed as Parkinson's opinion.
3). Paragraph (3) describes the primary differences between the New Media Incentives Program developed and presented by Parkinson - vs. the existing film incentives structure for Arkansas. The veracity of these statements can be evidenced by simply looking at the new program and comparing it to the existing program.
4). Paragraph (4) is also a quote from Parkinson, but rather than stating his opinion, it lists items that Parkinson is attributing as FACT. Yes, it is factual that 100% of the Legislators that met with Parkinson and Rivers on this plan showed enthusiasm and support. This includes the formal presentation to the Arts Council - which was ALSO attended by a representative of AEDC, who did NOT like or support the idea of proposing a whole new program. While not listed anywhere in this release, it may be notable to state that Parkinson's meeting with Film Commissioner Chris Crane did not result in Mr. Crane's acceptance or interest in a new program. At the time of the meeting, Mr. Crane was concerned with the passage of a renewal of the existing program, and told Parkinson that he was concerned that proposing a whole new structure could jeopardize the renewal, and that the state could end up with no program at all. We were told in an email sent to Parkinson by Mike Preston that Mr. Crane relayed his concerns to Mr. Preston, and as such, the AEDC would NOT be supporting a new program during the spring legislative session. Again, nowhere in the press release is it stated or implied that either the AEDC or Governor are (or had previously) supported the new program.
5). Paragraph (5) lists industry data for production in Arkansas, which can also be easily confirmed by basic internet searches.
6). Paragraph (6) is a quote from Parkinson expressing his opinion as to why a program that provides incentives to Arkansas-based entities makes more sense than a program which encourages out of state companies to "hit and run" after payment.
7). Paragraph (7) lists the total number of State Representatives and State Senators that were presented with the program (40), all of whom expressed interest in the proposal, but concern about a funding source. This paragraph also mentions the MyFlix site and describes what the company is preparing for that venture (and how it could benefit Arkansas if located here).
. Paragraph ( talks about previously disclosed corporate activities for Hannover House, which are easily verified by searching disclosures, this blog, OTC Markets filings or internet search engines. It's quite clear that there are NO misrepresentations in the Press Release. Nowhere does it state that the New Media Incentives Program has the support of either the Governor or the AEDC office... however, the stock board poster is focused on making these false statements. The support for the New Media Incentives Program comes from the legislators... and the obstacle to progression was in identifying a funding source or renewable funding mechanism. The 'renewed enthusiasm' resulting from an unexpected revenue surplus of $174-mm is that the Governor may now want to consider the allocation of resources for this jobs-creation plan. With the $9-billion dollar film industry in the State of Georgia now suffering abandonment from major studios, the Governor's quick action in Arkansas could grab a big piece of this employment sector. That was the point of the press release.
For what it's worth, the passage or NON-passage of the New Media Incentives Program developed by Parkinson for the State of Arkansas has NO impact on any of the projects and current corporate endeavors of Hannover House and affiliates. If it passes... if it's funded... it COULD pay dividends in the future. But for now, it's simply a very good idea being pursued by the HHSE C.E.O.
Please be advised that any and all communications between elected state officials and constituents or outsiders are obtainable through the Freedom of Information Act. Anyone contacting the State to inquire about this New Media Incentives Proposal needs to be aware that all communications are public, and that the use of a false identity can be prosecuted under Arkansas law. All of Parkinson's communications to - and from - the Governor's office, the AEDC and all of the legislators can be obtained through a FOIA request -- as can all communications made by those with nefarious intentions who prefer to misrepresent the Hannover House press announcement rather than rise to the level of the mandatory precision and accuracy that is required of public companies.
$174-mm Arkansas Surplus Sparks Interest in New Media IncentivesPress Release | 06/07/2019
(1) The Arkansas Department of Finance and Administration has announced that the state has generated a surplus of over $174-million for the fiscal year ending June 30, 2019, which has sparked renewed enthusiasm for the New Media Incentives Program developed by N.W. Arkansas entertainment executive, Eric Parkinson, C.E.O. of Hannover House, Inc. (OTC: HHSE).
(2) "This is tremendous news," said Parkinson, "and we can attribute much of this surplus to programs and policies enacted by the Legislature and Governor Asa Hutchinson. As state government officials work together, hand-in-hand with businesses such as Hannover House, we can now begin to implement the economic and employment programs detailed in the New Media Incentives Program for Arkansas. The timing is especially fortuitous as many of the media companies comprising the $9-bilion dollar film industry currently operating in the State of Georgia are looking to relocate their operations," he concluded.
(3) The New Media Incentives Program drafted by Parkinson is designed to allocate a majority of state incentives to companies residing in Arkansas, as opposed to rewarding out-of-state media companies to "hit-and-run." The program provides significant rebates for qualifying film and television productions, and includes the broader spectrum of "new media" and digital industry jobs, including data management, website and APP creation and data-streaming services, such as the multi-studio, Netflix-like consumer streaming venture of Hannover House known as MyFlix.
(4) "There was unanimous support across both aisles of the Legislature for the New Media Incentives Program during this past session," said Parkinson. "The obstacle to finalizing this program into law was the designation of a funding component that would be reliable and repeatable. Several funding programs were proposed, but none would have resulted in an immediate funding source for the first year of incentives. The availability of this significant revenue surplus for Arkansas enables us to kick-start this important jobs and economic program for FYE 2020."
(5) Last year was a record year for film and television production within Arkansas, due primarily to the expenditure of a reported $90-million by HBO on the production of season three of "True Detective." While the existing Arkansas film incentive program did generate a substantial rebate payment to HBO (rumored at $21-million), these funds were functionally sent out of state and were not reinvested into creating long-term jobs and a sustainable media industry. The Parkinson plan calls for most of the Arkansas incentives to be paid to companies located within Arkansas and those making a long-term, strategic investment in the media industries within Arkansas.
(6) "A state program would not incentivize an auto-maker like General Motors to set-up an operation to build cars for only six months and then leave," said Parkinson. "So why should the Arkansas film and media incentives not follow this same sort of philosophy of being used to create permanent jobs instead of temporary activities?"
(7) During the recent spring legislative session for Arkansas, Parkinson met with over forty Arkansas House or Arkansas Senate representatives, as well as with Governor Hutchinson, the Arkansas Economic Development Commission, the AFL-CIO and a variety of major businesses and owners including power-utility giant Entergy (owner of the Russellville Nuclear One Plant, among many others). He reports receiving unanimous support from these businesses and elected officials for the implementation of the New Media Incentives Program, with the only obstacle being the designation of a first-year revenue funding source (while the program begins to self-fund in subsequent years). The news of a major and unexpected surplus for Arkansas is expected to facilitate this launch opportunity.
Hannover House, Inc. is a full-service media company, located in Fayetteville, Arkansas, and operating continuously for the past 26-years. The company has released over 450 feature film and television titles to the DVD market, with Walmart Stores among its top ten clients. Recently, with the consumer transition away from the purchasing of DVD products - and now favoring digital streaming - the company has refocused onto both bigger-budgeted original feature film productions as well as a new streaming venture known as MyFlix, which combines over 12,000 titles from more than 40 separate suppliers into a one-stop digital superstore for consumers to access. Many analysts feel that the MyFlix venture has the upside potential that has made other streaming suppliers, such as Amazon and Netflix, into media powerhouses. Accordingly, many elected officials from the State of Arkansas are desirous of having Hannover House establish and maintain the MyFlix venture within Arkansas.
(
Hannover House has announced that the company will be filing a Form 10 registration statement with the Securities and Exchange Commission, which will enable the company to elevate the stock from its current listing on the OTC Pinksheets to the more accessible, investor-friendly and prestigious OTC-QB board. Parkinson feels that the timing of the launch of MyFlix, combined with the company's uplisting and other activities - including the New Media Incentives Program - should create enhanced interest in the company. For More Information, contact: ERIC PARKINSON / 818-481-5277 / Eric@HannoverHouse.com
https://www.otcmarkets.com/stock/HHSE/news/CO...?id=230954
http://hannoverhousemovies.blogspot.com/2019/...ublic.html
HHSE
1
