Replies to post #19635 on EnableTS Inc. (fka ENTS)

[TheProfit]

They would care if someone has done something illegal, in time this will all play out imo

[ewiz]

jsh21- the agency is involved-

A lot of information was sent to the right place and I'll be adding to it as I learn more from others here. The wheels of Justice are turning.

[Cassandra]

VERY interesting!!! I reviewed all of the pink sheets filings on MMUH going back to the first filings in 2/2009.

FWIW, executives from one of the predecessor companies were sanctioned by the SEC for materially false and misleading information in a stock offering (disclosed by MMUH in its first disclosure under previous mgmt).

The initial disclosure statement for MMUH shows Gary Freeman as Pres/CFO and Anthony Sasso as Chairman/CEO. (Full disclosure)

They disclosed that Sasso was convicted on 8/27/2007 of Grand Theft, Criminal use of personal identifcation, Conspiracy to commit racketeering and Scheme to defraud. (Certainly an honest disclosure).

MMUH bought TzuFuma (TZU) from Robert Patterson on 11/16/2009. According to the Share Exchange Agreement, he exchanged 1,000,000 TZU shares for 58,000,000 restricted MMUH shares. He subsequently became the sole officer/director.

The disclosure statement just submitted by Jenkins states that the Corporation was "taken over by new management" on 6/22/2010 and acquired Enable Software Ltd as a wholly owned subsidiary on 7/1/2020.

It states in a later section that the Company "elected" David Lovatt President and Chairman of the BOD on 6/22/2010 and "elected" Daniel Jenkins CEO on 10/4/2010.

The BOD of MMUH is David Lovatt (Pres), his wife Sarah Lovatt (Secretary) and Daniel Jenkins (CEO).

So Patterson "elected" Lovatt to Pres/Chairman of MMUH.

Then Lovatt or the MMUH BOD acquires Enable (privately owned by Lovatt and Jenkins). Presumably the price was based on the 1.7 billion restricted shares they received (850,000,000 each).

Who decided how much to pay for Enable? The owners (BOD) themselves! Interestingly, Jenkins told me that Enable has negative net assets and that's why he listed Goodwill on the Balance Sheet. Talk about a conflict of interest!!!

Don't forget that Lovatt and Jenkins first sold Enable to CLDR. When they decided the ability to raise cash was better if they sold it to MMUH, they refunded the unknown number CLDR shares they got in the sale and had MMUH issue them 1.7 billion shares. It appears they essentially undid the original sale to CLDR and resold Enable to MMUH with CLDR getting nothing in the sale.

What I find most interesting about the history of MMUH is that Freeman and Sasso did the best job of full disclosure and financial reporting, even though Sasso was a convited felon. They submitted everything required with very detailed and thorough disclosure and maintained "Current Status" throughout their leadership. Their financials show severe losses and technical insolvency and they disclosed that they could only remain a going concern by raising more money.

When they acquired TzuFuma, the posted the Stock Transfer Agreement as further disclosure. To be honest, they did a better job in disclosure than probably any other pink stock I've seen.

Jenkins and Lovatt on the other hand have submitted financials that don't make sense and an incomplete disclosure statement that IMO does not state all material facts.

Extremely risky stock IMO!