Good Morning HHSE Friends & Followers - We received an email confirmation this morning from the OTC Markets that our year-end filings were finally approved under full compliance under the new disclosure requirements. The biggest delay was the belief by the OTC Markets that HHSE had neglected to "fill out" the Item 3 Chart of STOCK ISSUANCES over the prior two years. They could NOT believe that an OTC Pink company had VIRTUALLY ZERO STOCK ISSUANCES in the prior two years, and therefore, held-up approval of our filing until we filled out their Item 3 Table. It was not until after the Transfer Agent verified that HHSE had NOT issued any stock in the past two years - in fact, NO SHARE ISSUANCES in the prior 42-months - that the OTC Markets accepted our filing as complete.
Accordingly, at some point today, the "Yield" sign will be replaced with the customary "OTC PINKS" symbol on the HHSE OTCMarkets page.
We thank our shareholders for their patience during this process.
Onward!
Friday, May 10, 2019
Sunday, May 5, 2019
New OTC Markets Annual Disclosure Format
Greetings HHSE Friends & Followers - immediately after restoration of our access subscription, Hannover House filed the annual report with the OTC Markets last week. Accordingly, we were surprised that the dreaded "Stop Sign" was still appearing on our OTC Equity Summary for HHSE. On Friday, we were contacted by the OTC compliance team with an explanation: the format that Hannover House has utilized for annual filings for the prior eight years no longer meets the new layout and disclosure requirements now imposed for OTC equities.
In compliance with these new guidelines, the 12-31-2018 information has been reformatted and expanded (and deleted) to meet new requirements.
If you go to the Hannover House page on the OTC Markets - and click onto "disclosure" - you will see this new and revised annual filing. With this formatting and disclosure issue now resolved, we anticipate that the "Current Reporting" status will be promptly restored!
It's interesting to see what the OTC markets seems now more interested in knowing - as well as the prior disclosures and corporate activity descriptions that they are no longer as concerned about. These new disclosure rules speak more to most of the other OTC companies than to HHSE. Disclosures about shares issued in the past two years really do not apply to HHSE... as we had not issued any shares from August 2015 until February 2019 (a period of forty-two months of no change in share count).
We're in the final countdown to our registration filing... so keep up the faith and we can all share in the rewards!
In compliance with these new guidelines, the 12-31-2018 information has been reformatted and expanded (and deleted) to meet new requirements.
If you go to the Hannover House page on the OTC Markets - and click onto "disclosure" - you will see this new and revised annual filing. With this formatting and disclosure issue now resolved, we anticipate that the "Current Reporting" status will be promptly restored!
It's interesting to see what the OTC markets seems now more interested in knowing - as well as the prior disclosures and corporate activity descriptions that they are no longer as concerned about. These new disclosure rules speak more to most of the other OTC companies than to HHSE. Disclosures about shares issued in the past two years really do not apply to HHSE... as we had not issued any shares from August 2015 until February 2019 (a period of forty-two months of no change in share count).
We're in the final countdown to our registration filing... so keep up the faith and we can all share in the rewards!
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