Greetings and Happy Monday HHSE friends and new followers - the first piece of news is that our 12-31-2020 year end filing with the OTC Markets will be delayed from posting until Tuesday, pending third party verifications of balance sheet adjustments. Under our new accounting procedures and guidelines (to conform to fully reporting standards), significant items now require third party verifications. We will still be quite early in beating the mandatory year-end filing dates - but wanted to share this update with our shareholders as we had planned to make this 12-31-20 filing as of last Friday. UPDATE: Tuesday evening (9:45-pm CST) - we are awaiting return of the converted tables & financials for the SEC Edgar XBRL formatting. This is a requirement of Edgar reporting; however, it's not a requirement for the OTC Markets. Accordingly, if this formatting is not ready by tomorrow morning, we will release the 12-31-2020 financials FIRST to the OTC markets (in a PDF form) to be followed by the S.E.C. Edgar filing with the XBRL formatting. Apologies for this delay, but our compliance supplier (M2) is in the midst of a corporate office move this week. UPDATE: Wednesday (noon Central time) - HHSE has been advised that both OTC and SEC Edgar will require the company to add appropriate footnotes of explanation for all material changes to the company's balance sheet which were made as of 12-31-2020 (which include adjustments for verified accounts receivable, payables, capitalized costs, production investments and other assets impacted following audit review activities). We will post the 12-31-2020 year-end report to the OTC Markets as soon as this is complete... possibly later today; SEC Edgarized version will be released tomorrow.
Also, as opportunities sometimes arrive unexpectedly, a new and funded feature production manifested this past week for HHSE - which will perfectly bridge the time window open between “Wildfire” and “Belle Starr.” The concept and package are superb, and we feel very confident in the film’s commercial prospects. It’s more evidence of the saying that “the harder you work, the luckier you get.”
And lastly, congratulations to our friend ISAAC CHUNG, writer-director of “Minari” - on being a Golden Globe winner Sunday night. Isaac and his team were shooting side-by-side in Eastern Oklahoma while HHSE was making “Wildfire” with Snowy Morning, Inc. We even shared some of the same crew members and suppliers. It’s great to see the good guys winning!
More coming soon...
