UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  January 7, 2014

FILED ON AUGUST 14, 2014

_______________________________

Hannover House, Inc.

(Exact name of registrant as specified in its charter)

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Wyoming 000-28723 91-1906973
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation or Organization) File Number) Identification No.)

 

1428 Chester Street, Springdale, AR 72764
(Address of Principal Executive Offices) (Zip Code)

 

479-751-4500
(Registrant’s telephone number, including area code)

 

f/k/a "Target Development Group, Inc."

f/k/a "Mindset Interactive Corp."

330 Clematis Street, Suite 217, West Palm Beach, Florida 33401 (561) 514-0936
(Former name or former address and former fiscal year, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 
 
 

SECTION 1 — REGISTRANT'S BUSINESS AND OPERATIONS

 

Item 1.01

Entry into a Material Definitive Agreement.  Debt Conversion Transactions - During the calendar year-to-date for 2014, Hannover House, Inc. ("Company") has entered into a variety of “Debt Conversion” transactions and direct stock-equity issuances in exchange for debt forgiveness or value credits from key, eligible creditors and obligations.  The initial announcement of such planned activity was previously disclosed in an OTC Markets filing on August 7, 2013 and again (with additional specificity as to the restoration of the Company’s prior Authorized Share Count to 700-million), in a Form 8-K filing posted on November 19, 2013.  The Company’s plans for issuing shares for debt forgiveness was discussed at length during an open-discussion forum at the annual shareholder’s meeting, held February 21, 2014 at the Grand Hyatt Hotel in New York City.  The consensus among attendees at the shareholder’s meeting was that the conversion of debts into equity was a valuable tool for managers to utilize judiciously in order to preserve cash resources for growth. 

 

Beginning on January 7, 2014, and continuing through to the date of this disclosure (August 14, 2014), the Company authorized both the issuance of new shares and the retirement of shares, with a net increase in total outstanding shares growing by a total of 26,466,938.  Theequity-issuance transactions have resulted in direct payments or credits against corporate obligations totaling $365,300 in value.  There have been four Debt Conversion transactions, the first to Deer Valley Management, LLC in January, the second and third to MaremmanoCorporation in April and June, and the final transaction to JSJ Investments, Inc. on July 31, 2014.   Additionally, shares were issued directly to nine creditors for full or significant reductions of corporate obligations.  As of the date of this filing, Company believes that all shares issued under the four Debt Conversions transactions have been sold by the receiving parties into the marketplace. 

 

The total share count now in issue for Hannover House, Inc. (OTC: HHSE) as of the date of this filing is 606,699,303, according to the Company’s Transfer Agent, Standard Registrar & Transfer Co., Inc., Draper, Utah.

 

 

   

 SECTION 8 — OTHER EVENTS

Item 8.01

Other Events.  

 

SECTION 9 — FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits.
  (a) Financial statements of businesses acquired.  Not Applicable.
  (b) Pro forma financial information.  Not Applicable.
  (c) Shell company transactions.  Not Applicable.
  (d) Exhibits. 

 

INDEX TO EXHIBITS

Exhibit No.   Description
99.    Chart of HHSE Share Issuances / Chart of Debt Reductions & Classifications
     

 

 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 Date: August 14, 2014 Hannover House, Inc.  
  By /s/ Eric F. Parkinson  
    Name: Eric F. Parkinson
Title: C.E.O.
 

 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



EXHIBIT 99.1

 

Chart of HHSE Share Issuances / Chart of Debt Reductions & Classifications

 

HHSE Share Count      
         
    Change From Baseline  
Date Total Outstanding Prior 6-Mo. Percentage  
12/31/2009        461,206,692 0% 100%  
6/30/2010        461,206,692 0% 100%  
12/31/2010        471,958,775 2.33% 102.33%  
6/30/2011        486,495,139 3.08% 105.48%  
12/31/2011        476,511,945 -2.05% 103.32%  
6/30/2012        491,238,217 3.09% 106.51%  
12/31/2012        489,965,532 -0.26% 106.24%  
6/30/2013        550,334,514 12.32% 119.32%  
12/31/2013        583,732,365 6.70% 126.57%  
6/30/2014        582,441,217 -0.22% 126.29%  
Current        606,699,303 4.45% 131.55%  
         
Note:  Increased share count includes 10-mm shares to TCA  
   which are subject to return, and 27-mm shares to  
   Ahnume Business Consultants (considered as "long" hold)  
         

 

 

HHSE Debt Structure        
      Amount Amount  
      As Of As Of  
Category Description   12/31/2010 12/31/2013  
 Accounts Payable  Ongoing-Current    $               627,996  $               148,522  
 Accrued Royalties  Ongoing-Current    $                 96,150  $               303,829  
 Prod. Acquis. Due  Short-Term Toxic Debt    $           1,696,000  $               157,260  
 Accrued Wages  Ongoing-Current    $                 15,400  $                           -     
 Taxes Payable  Short-Term Toxic Debt    $                 14,983  $                    5,585  
 Hounddog P&A  Long-Term Obligation    $               753,964  $               826,624  
 Bank Notes Payable  Long-Term Obligation    $                 18,528  $               358,031  
 Addl. Long Term Payables  Long-Term Obligation    $           1,012,664  $           2,753,427 *
 Separate "12" Advance Debt  Short-Term Toxic Debt    $               500,000  $                           -     
 "12" P&A Loans  Short-Term Toxic Debt    $               312,500  $                           -     
 Executive Loans to Co.  Long-Term Obligation    $                           -     $               169,840  
 Executive Salary Deferrals  Long-Term Obligation    $               758,724  $           1,063,996  
 Interstar & EE Smith Debts  Disputed as of 12-31-10    $              571,556  Included Above  
             
   TOTAL ALL CATEGORIES:    $           6,378,465  $           5,787,114  
           
  Amount From Period Considered Short Term or Toxic    $      3,834,585  $         615,196  
  Percentage from Period as Short Term or Toxic   60.12% 10.63%  
           
           
 Note: Self funding / Self-liquidating obligation of        
  $1.5-mm on the 12-31-2013 balance sheet for intl.        
 presales is excluded from debt structure analysis        
           
 * Note:  TCA Loan and the balances due to Andersons        
 and Southern Star for "12" P&A are included under        
 Addl Long Term Payables for the 12-31-2013 summary        
           

 

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