American Basketball Association, Inc. (OTCPK:ABKB) entered into a letter of intent to acquire pinhooking division of IEAH Stables, Inc. in a cash and stock deal on May 18, 2012.

American Basketball Association, Inc. (OTCPK:ABKB) cancelled the acquisition of pinhooking division of IEAH Stables, Inc. on May 18, 2013.