1). TIMING OF AUDIT COMPLETION - At the request of our auditors, we have been told that forecasting a specific date for the posting of the Form 10 Registration filing would likely result in a "comment" of concern from the S.E.C. Why? Because publicly stating a specific date creates stock trading advantages for those buying in anticipation of the date, or those that work against the best interests of the Company by hoping that an announced date is not met. That said, we can state that the process of audit continues in motion, and that the additional steps of XBRL formatting for EDGAR compatible upload are also in motion.
2). RELEASE UPDATES - Well, it's technically TWO WEEKS before the Sept. 14 opening in theatres of "THE RIOT ACT." But in the film distribution business, this means that we are crazily handling umpteen issues (from masters, to Ads, to P.R., to talent travel for our premieres, etc...). Busy times... and two weeks after that? DOGPATCH U.S.A. opens in theatres. Also consuming marketing and prep time are the Q4 home video releases for various projects / clients. Lots on our plates!
3). LEGAL UPDATES - We understand that the legal strategies being pursued by HHSE regarding disputed matters can be unclear at times to shareholders. The short answer is that we cannot publicly state our various actions in matters without inadvertently alerting opposing counsel. Suffice it to say that our strategies in the matters listed below are on target for resolution to HHSE's favor:
3a). Crimson Forest - There is action by HHSE to pursue claims against Crimson Forest for their unmotivated withdrawal from the corporate merger of 2017. In a related matter, the Crimson Forest-JSJ court appearance for Arkansas today was withdrawn by JSJ.
3b). JSJ - The Company has a solid strategy to stop the JSJ foreign judgment activities and prevail in the matter... which is in motion.
3c). BEDROCK - The Company also has a solid strategy to stop the Bedrock foreign judgment activities and prevail in the matter... which is in motion.
The specifics of the Company's legal strategies in these three matters will be revealed once filed with the appropriate courts of jurisdiction.
4). MYFLIX - It would take hours to provide an update on everything with MyFlix...hours which HHSE management cannot allocate at this time (today). Likely, a more detailed update will be posted on Labor Day, which tends to be a less busy day for phone calls to the office and other distractions. UPDATE - Tuesday, Sept. 4 - WE ARE AWAITING "APPROVAL" FROM OUR WEB DESIGN VENDOR REGARDING THE MYFLIX UPDATE SENT TO THEM ON SATURDAY (INTENDED AS AN UPDATE TO SHAREHOLDERS). APPARENTLY, THEIR FIRM RECOGNIZES HOLIDAYS AND WEEKENDS (!!!), AS THEY SAID THAT THEY WILL RESPOND THIS AFTERNOON.
HAVE A GREAT WEEKEND!
Cardboard Character Cut-Outs for THE RIOT ACT Theater Lobby Standees come in both "REGULAR" and "HOBBIT" sizes!!
