Pretty sure Hanover has a side deal going on, they have been paid 10x over what they were owed.
This company started with hosing everyone with a 500/1 rs. Increasing the A/S is one thing but to pay everyone and soak the shareholders with another r/s would be insane. On the plus side I am counting on them needing to get this pps up at some point because a R/S down in this subland gains them nothing. Even if they contemplated an aggressive R/S somewhere down the road. They still need to rise out of this hole to have breathing room even if that happened cause almost all R/S do significant free fall immediately after. Best move would be to build a real company and get to the big boards by increasing value and creating happy shareholders. Show some PR' s if you have them.