UNDERSTANDING S-1 REGISTRATION WORKINGS htt
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S-1 Shelf Registration for Hannover House, Inc., which is being filed within a few days after the submission of the current Form 10 Registration for the Company.
As stated previously, the S-1 shares are being offered to accredited, qualified investors at pricing levels which are at a premium to the CURRENT pre-filing PPS for Hannover House. The rationale' is that a bulk purchaser coming in (for instance) to purchase $1-million worth of HHSE in a one-week period might see the open market price jump dramatically and to a level greater than the S-1 pricing (which is still at a premium to current pricing and based on current trading volume).
Some key shareholders have asked for a description of our intended use-of-proceeds from the S-1 offering. We had planned to hold this until after the filing. However, in respect of the insights that some key shareholders may hold, we have decided to release an OVERVIEW later today, and to solicit feedback in order that the final S-1 filing may benefit from a greater level of observation.
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