New York Health Care Inc (BBAL)

[Helter Skelter]

Street Soldier ($ sign was playing havoc with the post), looking at ELGO's (Enterologics, Inc.) last 10-Q...they don't have any money. They are a development stage company. This would indicate to me that the agreement to purchase the BioBalance subsidiaries, from New Yok Health Care, Inc., will have to be done with shares.

Right now ELGO shares are listed @ $.27 with volume, today, of 17,880.

Hmmm...this is interesting (from ELGO's last 10-Q):

Item 2. Unregistered Sale of Securities and Use of Proceeds

In February 2011, we issued Surge Partners, Ltd. 500,000 shares of common stock in consideration for Surge agreeing to lend the Company loans up to an aggregate of $50,000. The shares were valued at $25,000 ($.05 per share). Irv Bader, the father of Lisa Grossman, is President of Surge Partners, The issuance was made in reliance upon an exemption from registration provided under Section 4(2) of the Securities Act of 1933, as amended.

Who is Lisa Grossman married to? Any relation to this fellow?
Post from the Enterologics ihub board:

anivad21 Share Monday, June 06, 2011 6:31:56 PM
Re: None Post # of 225

From: Yitz Grossman
Thursday, June 2, 2011 1:40 PM

Thank you for your mail and interest in Enterologics. And of course, we welcome you as a shareholder. Might we ask that you follow recent news releases and one planned for next week. I believe next week’s release will clarify some of you questions. If not, kindly reach out to us again and I’ll call you with better answers.

Just wanted everyone to know things are coming this week.

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You'll remember from my previous post that Yitz Grossman owns/owned 33 1/3% of BioBalance subsidiaries...Yitz, in the above post/e-mail suggests news to be coming...this week...sorry...which was last week's news, I believe...

Hold and ponder!

So, what role, exactly, does Yitz play with Enterologics?

lol...enough DD from me, I'm busy with other mysteries, lol...