GLOBAL ENTERTAINMENT HOLDINGS, INC. Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review

Show all filings for GLOBAL ENTERTAINMENT HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GLOBAL ENTERTAINMENT HOLDINGS, INC. 6-Oct-2009Non-Reliance on Previous Financials, Audits or Interim Review Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). A...
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GLOBAL ENTERTAINMENT HOLDINGS, INC. Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review

Show all filings for GLOBAL ENTERTAINMENT HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GLOBAL ENTERTAINMENT HOLDINGS, INC. 29-Sep-2009Non-Reliance on Previous Financials, Audits or Interim Review Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651)....
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GLOBAL ENTERTAINMENT HOLDINGS, INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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GLOBAL ENTERTAINMENT HOLDINGS, INC. Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review

Show all filings for GLOBAL ENTERTAINMENT HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GLOBAL ENTERTAINMENT HOLDINGS, INC. 24-Aug-2009Non-Reliance on Previous Financials, Audits or Interim Review Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All i...
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GLOBAL ENTERTAINMENT HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. OVERVIEW AND OUTLOOK We have recently restructured the Company and are now focusing our efforts on the development, financing and production of feature-length films, which operation will be conducted primarily through our subsidiary companies, Global Universal Entertainment, Global Universal Film Group and Global Universal Pictures (collectively, "Global Universal"). Global Universal plans to develop the business of producing low-budget, genre pictures with recognizable, name talent. Global Universal's management believes investment risk can be significantly reduced by utilizing Canadian and other territorial Government tax incentives to off-set up to 40%, or more, of each film's budget. Additional coverage of between 20% to 25% of a film's budget can be derived from distributor commitments and/or pre-sales of foreign and/or U.S. rights to a film. The remaining balance (approx. 35% to 40%) will be obtained from private investment of debt, equity or combination of both. Management intends to retain revenues generated from one or more territories of each film to provide cash flow for operating expenses. Current Negotiations Global Universal is currently in negotiations with several international film distribution companies to produce and distribute a proprietary slate of six or more feature-length films. Under the proposed arrangements with the distribution companies, the Company would be responsible for arranging financing from tax credits, private investment and other sources to provide 100% of the budget required to produce the slate of films. We anticipate the distribution companies will charge a fee that is significantly lower than the industry standard of 25% to 35% for distribution services, and provide a minimum guaranteed sales performance and/or a cash advance against selected territories in which film rights are expected to be sold. ...
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GLOBAL ENTERTAINMENT HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. OVERVIEW AND OUTLOOK We have recently restructured the Company and are now focusing our efforts on the development, financing and production of feature-length films, which operation will be conducted primarily through our wholly-owned subsidiary, Global Universal Film Group, Inc. ("Global Universal"). Global Universal plans to develop the business of producing low-budget, genre pictures with recognizable, name talent. Global Universal's management believes investment risk can be significantly reduced by utilizing Canadian and other territorial Government tax incentives to off-set up to 40%, or more, of each film's budget. Additional coverage of between 20% to 25% of a film's budget can be derived from distributor commitments and/or pre-sales of foreign and/or U.S. rights to a film. The remaining balance (approx. 35% to 40%) will be obtained from private investment of debt, equity or combination of both. Management intends to retain revenues generated from one or more territories of each film to provide cash flow for operating expenses. Current Negotiations Global Universal is currently in negotiations with several international film distribution companies to produce and distribute a proprietary slate of six or more feature-length films. Under the proposed arrangements with the distribution companies, the Company would be responsible for arranging financing from tax credits, private investment and other sources to provide 100% of the budget required to produce the slate of films. The distribution company will charge a fee that is significantly lower than the industry standard of 25% to 35% for distribution services. Because of the financing incentives noted above, the risk of investment is reduced considerably and profitability may be possible for a direct-to-video release, followed by pay, cable, satellite, free and syndicated television e...
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GLOBAL ENTERTAINMENT HOLDINGS, INC. Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations This report contains forward-looking statements. Actual results and events could differ materially from those projected, anticipated, or implicit, in the forward-looking statements as a result of the risk factors set forth below and elsewhere in this report. With the exception of historical matters, the matters discussed herein are forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning anticipated trends in revenues and net income, the date of introduction or completion of our products, projections concerning operations and available cash flow. Our actual results could differ materially from the results discussed in such forward-looking statements. The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto appearing elsewhere herein. Table of Contents OVERVIEW AND OUTLOOK During 2008, we were in the business developing and producing motion pictures and we discontinued the business of investing in litigation recoveries.. Results of Operations The following overview provides a summary of key information concerning our financial results for the years ended December 31, 2008 and 2007. Revenues Year Ended December 31st Increase (Decrease) 2008 2007 Amount Percent Net Revenue $ 25,000 $ 216,089 $ (427,951 ) (88.4) % Revenue: Total revenue was $25,000 and $216,089 for the fiscal years ended December 31, 2008, and 2007, respectively. Our decrease in revenue of $427,951 is due to the discontinuance of our litigation funding business and our shifting of business operations into the entertainment industry. We cannot guarantee with certainty when we will genera...
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GLOBAL ENTERTAINMENT HOLDINGS, INC. Files SEC form 10-K/A, Annual Report

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This report contains forward-looking statements. Actual results and events could differ materially from those projected, anticipated, or implicit, in the forward-looking statements as a result of the risk factors set forth below and elsewhere in this report. With the exception of historical matters, the matters discussed herein are forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning anticipated trends in revenues and net income, the date of introduction or completion of our products, projections concerning operations and available cash flow. Our actual results could differ materially from the results discussed in such forward-looking statements. The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto appearing elsewhere herein. OVERVIEW AND OUTLOOK During 2007, we were in the business of investing in litigation recoveries. This business was conducted through our subsidiary, LitFunding USA, and its six, wholly-owned limited liability companies. LitFunding USA resumed the business of California LitFunding (our subsidiary which had been in the business since 2000) subsequent to June 17, 2004, after the United States Bankruptcy Court entered an order confirming us and California LitFunding joint plans of reorganization. In June, 2006, we announced the receipt of an order of final decree closing our bankruptcy proceedings on the grounds that the bankruptcy case has been fully administered. We raised and advanced capital to various law firms pursuant to "Settlement Agreements". These Settlement Agreements generally provided that the funds advanced would be repaid to us, plus a fee, when the lawsuits referenced in the agreements ultimately settled. Th...
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GLOBAL ENTERTAINMENT HOLDINGS, INC. Files SEC form 10-Q/A, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. OVERVIEW AND OUTLOOK We have recently restructured the Company and are now focusing our efforts on the development, financing and production of feature-length films, which operation will be conducted primarily through our wholly-owned subsidiary, Global Universal Film Group, Inc. ("Global Universal"). Global Universal plans to develop the business of producing low-budget, genre pictures with recognizable, name talent. Global Universal's management believes investment risk can be significantly reduced by utilizing Canadian and other territorial Government tax incentives to off-set up to 40%, or more, of each film's budget. Additional coverage of between 20% to 25% of a film's budget can be derived from distributor commitments and/or pre-sales of foreign and/or U.S. rights to a film. The remaining balance (approx. 35% to 40%) will be obtained from private investment of debt, equity or combination of both. Management intends to retain revenues generated from one or more territories of each film to provide cash flow for operating expenses. Current Negotiations Global Universal is currently in negotiations with several international film distribution companies to produce and distribute a proprietary slate of six or more feature-length films. Under the proposed arrangements with the distribution companies, the Company would be responsible for arranging financing from tax credits, private investment and other sources to provide 100% of the budget required to produce the slate of films. The distribution company will charge a fee that is significantly lower than the industry standard of 25% to 35% for distribution services. Because of the financing incentives noted above, the risk of investment is reduced considerably and profitability may be possible for a direct-to-video release, followed by pay, cable, satellite, free and syndicated television e...
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