Lazarus
5 years ago
Hi Pamela, thanks for coming here and clarifying the matter and hopefully helping people to avoid getting scammed and losing their money.
I did check out your profile and Linkedin and it does indeed show you as the CEO of Enherent.
Also the link on your profile pointsdirects to Enherent Corp and that page indicates that Enherent has 41 employees.
Is this true?
As a long time shareholder I appreciate that you're clarifying to folks that this is NOT a cannabis company and that any such chatter is a SCAM but my bigger question is what is this company actually doing that employees 41 people?
Also, I notice before the form 15 was filed the last Q filed shows the company wasn't in the greatest shape financially but it was doing around $6 million per year in revenues - down from around $10 million in 2009 and $22 million in 2008. Its clear from looking at the last few years (that were reported) that sales were going WAY DOWN --- and its also clear from your appearance here here and the LinkdedIn info the company is still in business. Is it safe to assume that over the years sales have rebounded here as they have elsewhere?
The reason folks are speculating on this stock is because some CEOs are known to actually sabotage the price of their own stock (Lord - and said CEOs - are the only ones who know why).
Be honest -- how truly Sh*tty is this company? The linked in profile doesnt tell us. Its clear that you are telling people not to buy stock in the company you run -- do you tell your customers the same? Like do you say, "hey, just want you to know we run a really shoddy ship over here -- we're damn near close to bankruptcy, but we'd really appreciate your business?
On the Enherent website we are told this regarding the Leadership Team: Averaging 20+ years of technology and industry expertise, the team brings a solid track record of success.
How is this true if the stock of the business you run is trading at 3 tenths of a penny? Seems rather odd. ARE YOU BEING TRUTHFUL ABOUT YOUR TRACK RECORD OF SUCCESS?
Tell these folks something that will really scare them. OR, is there no reason to be scared. WTF is actually going on with the company? Is it too much for shareholders to ask?
TIA for taking the time to come here and set us straight on these matters.
enhtnow
5 years ago
I hope this helps....
Full Disclosure: I have owned this company for 10+ years and know a former CEO very well.
This is a real company, albeit poorly run in my opinion. They have basically turned into a small staffing company over the years. Back in 2011, they submitted "No Action" filings which let them stop filing with the SEC because they were such a small company with very few registered stock owners. The benefit of this is obviously the cost savings but it also allowed them to clean up the structure because they had to get rid of all unissued stock options. My assumptions is that they have also been able to pay off their debt in the last 8 years and are now sitting on a clean balance sheet.
Here is my speculation as to what is going on with the stock:
#1. Just like a year or so ago, some non related entity is creating confusion and the stock is running up because people think it is cannabis related. This is the most likely scenario and if so, you bagholders that bought yesterday are likely in for a quick drop to the bottom.
#2. The recent job postings may indicate something good is going on. NOT LIKELY. I have 20+ years in the staffing business and looking at the job postings it is very likely that they were able to get on as a staffing vendor with a large company. Sounds good, but they will likely be competing with many other and much better staffing companies. If they are lucky, they may fill a few positions.
#3. TOTAL SPECULATION. The founder of the company is still a major stockholder (as of a 2011 13D). He is also a partner in a venture capital firm. My hope is that they take one of their investment companies and merge it into this structure to form a new company. Complete speculation and not likely...