Greetings HHSE Friends & Followers - Management received quite a few emails over the weekend from shareholders who were concerned about a "big seller" of HHSE stock on Friday (over 8.5-mm shares), and whether this represented something more than bad-timing or tax loss planning for the seller?
The company will not be able to verify the seller for several weeks (requires running a shareholders list report, which usually involves Broadridge review). But we were informed that this was indeed a former "long" with tax issues for 2022. "The absurdly low price at present for HHSE assisted a tax situation" which does not make great sense in terms of timing (except that there would be no tax loss if the sale were made next month / post Form 10). Most investors would rather sell post Form-10 and just pay the capital gains tax.
Regardless, we may be in the season of some tax loss sales... which may be a lucrative early holiday present for those in a position to buy at the current, absurdly low price.
Management has also been asked about "Investor Relations Outreach" - which some feel will generate fresh attention to the value of HHSE. We agree... but we also feel that the timing of such activities is best when timed with our Form 10 filing (and other material news, such as: Delivery of WILDFIRE, Major Cast filming in BELLE STARR and the Launch of MYFLIX). Investor Relations Outreach PRIOR to any of these key achievements would have limited impact to supporting the company's credibility.
The change-over from Daylight Savings Time reminds one of the popular adage that "it's often darkest before the dawn." We're in the final days for the completion of each of these corporate endeavors - and if HHSE were allowed to buy-back our stock off the open market, we would be doing so. As the Price Per Share may still see some wild fluctuations pre-Thanksgiving, all we can advise is that when the price is down, the only losers are the sellers... not those who push for that extra few yards to cross the finish line...
More to follow...
HHSE is fielding licensing offers from International Buyers for "WILDFIRE" - including Germany, France, Italy, Spain, U.K., Poland (and surprisingly, RUSSIA, which market still has great demand for new programming). The ANNE HECHE music video tribute has worked well as a teaser-trailer to show scenes from the movie.
(Link to IMDB Music Video Trailer - WILDFIRE / ANNE HECHE)
https://www.imdb.com/name/nm0003826/?ref_=nv_sr_srsg_0
