Replies to post #19641 on EnableTS Inc. (fka ENTS)

[Cassandra]

ewiz: The Share Exchange Agreement is dated in the opening paragraph -- 11/16/2009. This is an electronic copy without signatures. These types of documents are not typically notarized.

The Rule 144 shares appear to have been properly issued as it says at the bottom of page 1 that they are "issued as restricted under rule 144." I see no apparent defect with this agreement.

I'm fairly recent to MMUH so am still putting all of the pieces together. I did a little more research and believe I was mistaken that Paterson becoming the sole officer. I made that assumption because one of the last PRs to come from former management only mentioned him. It seems that MMUH went silent after that 3/23/2010 PR.

Since the MMUH disclosure filed by Jenkins states that Lovatt was "elected" Chairman/Pres of MMUH on 6/22/2010, I made another probably false assumption that Paterson "elected" him. I have no idea what happened.

The truth is that because neither former nor current management explained what happened, it's unknown how Lovatt came to power at MMUH. Since old managment is long gone, it's up to Jenkins and Lovatt, who assumed leadership including any baggage from the past, to disclose what happened with TzuFuma and the former execs and how Lovatt was "elected."

GESM/CLDR owned Enable for several months, with multiple glowing press releases issued to get shareholders excited. Then Lovatt and Jenkins reversed the sale, refunded the CLDR shares they received and resold Enable to MMUH. CLDR and its shareholders apparently got nothing in the transaction. Similarly MMUH shareholders got nothing from TzuFuma, which ended up mysteriously dissolved.

VClouds was sold to CLDZ, then to IJJP and then to GESM/CLDR. It doesn't appear that CLDZ or IJJP shareholders received any consideration for the removal of that subsidiary either.

Lovatt's track record of moving his formerly private companies from pink to pink without proper consideration to the shareholders of the companies he removes them from is horrific.

The liquidation preference for the Series A and Series E preferred shares give the holders of those shares (Lovatt owns 100% of the Series A shares) an unbelievable amount of stock if the assets of the company are sold. Since the Enable subsidiary is the sole operating portion of MMUH, if he were to sell it to another pink, it seems he'd own whatever is left of MMUH and be able to turn it into a shell and eventually make money with a reverse merger. I've never seen anything like it.

I do believe the SEC and the DOJ should take a look at what's gone on. Certainly I think both MMUH and CLDR shareholders should be vigilant.

Regarding SSPTD, check your mailbox for info. GESM/CLDR sold its GuestMetrics subsidiary to SSPT, SSPT is not a subsidiary of CLDR. Lovatt has nothing to do with SSPT.

[Cassandra]

ewiz: "There was a very good notice in there on 144 restricted shares. After reading that notice, I can likely assume that the recent 144 Type share giveaway did not comply with Federal law."

My bad. I misread this the first time - thought you were saying that the shares issued to Paterson were improper.

In my review, I saw no evidence that previous management ever issued Rule 144 shares that weren't properly restricted. Therefore, I'm back to thinking that Lovatt and Jenkins probably issued the shares listed on the disclosure. If so, it was in violation of SEC Rule 144.

I can't for the life of me figure out how they could have thought they could issue Reg D 504 shares without a Form D filing.

Again, if they didn't issue these 144 and 504 shares, they should issue a revised disclosure pronto with the dates of the issuances and further explanation. If they neglect to do so, my suspiscions would grow deeper.