AWESOME news Marty! This a great detailed blog an
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Posted On: 02/26/2023 7:17:16 PM
AWESOME news Marty! This a great detailed blog and very thorough. I appreciate Eric working without pay, non-stop over the past few years (glad he survived the COVID infection and he's back to work).
I will make a few comments on a few statements in the article:
1) "The previous plan to raise up to $8-million for MyFlix through a series of stock offerings seems invalid in the current marketplace."
This is sweet music to any EXISTING or future shareholder. It's also BAD news to the short-sellers/perma-bears.
2) "based on the company's low overhead, there should be a significant revenue surplus to enable key judgments to be paid off and most short-term notes to be retired... essentially freeing the company from the burden of old payables management that has cannibalized management productivity. "
This is key for ANY and most companies (and this applies even to myself)....PAY DOWN DEBT. I'm almost done with paying off my student loan. After that the only debt I'll have is the normal monthly bills I incur (phone, internet, food, clothing). No rent as I'm living with family and no car as I live in NYC. Now with low-to-zero overhead, I can save for a) home, b) invest either via savings account, bonds, or the stock market. Guess what stock I'm going to load up even more on??
3) "d). DIVERSIFY ASSET BASE THROUGH ORIGINAL PRODUCTIONS - rather than relying upon third-party-owned programming, being involved with cash-flow-positive "productions" balances the MyFlix model and provides an alternative revenue source."
YES because then you can become like film-maker Tyler Perry who eschewed Hollywood and made his OWN studio down in Georgia with his own films and he's now made it. So if HHSE can be HHSE Studios and be known and have films that are Golden Globes or Oscar worthy, well then the sky's the limit for Hannover House.
I will make a few comments on a few statements in the article:
1) "The previous plan to raise up to $8-million for MyFlix through a series of stock offerings seems invalid in the current marketplace."
This is sweet music to any EXISTING or future shareholder. It's also BAD news to the short-sellers/perma-bears.
2) "based on the company's low overhead, there should be a significant revenue surplus to enable key judgments to be paid off and most short-term notes to be retired... essentially freeing the company from the burden of old payables management that has cannibalized management productivity. "
This is key for ANY and most companies (and this applies even to myself)....PAY DOWN DEBT. I'm almost done with paying off my student loan. After that the only debt I'll have is the normal monthly bills I incur (phone, internet, food, clothing). No rent as I'm living with family and no car as I live in NYC. Now with low-to-zero overhead, I can save for a) home, b) invest either via savings account, bonds, or the stock market. Guess what stock I'm going to load up even more on??
3) "d). DIVERSIFY ASSET BASE THROUGH ORIGINAL PRODUCTIONS - rather than relying upon third-party-owned programming, being involved with cash-flow-positive "productions" balances the MyFlix model and provides an alternative revenue source."
YES because then you can become like film-maker Tyler Perry who eschewed Hollywood and made his OWN studio down in Georgia with his own films and he's now made it. So if HHSE can be HHSE Studios and be known and have films that are Golden Globes or Oscar worthy, well then the sky's the limit for Hannover House.
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