SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Enable Capital Management, LLC (Last) (First) (Middle) ONE FERRY BUILDING, SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol ETELOS, INC. [ ETLO ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) Disclaimed Group
	3. Date of Earliest Transaction (Month/Day/Year) 03/05/2009
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, no par value per share	03/05/2009		S		11,000	D	$1.009	3,924,684(1)	I(1)(2)	See Footnotes(1)(2)
Common Stock, no par value per share	03/05/2009		S		1,000	D	$1.01	3,923,684(1)	I(1)(2)	See Footnotes(1)(2)
Common Stock, no par value per share								73,333(3)	I(3)	See Footnotes(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Enable Capital Management, LLC (Last) (First) (Middle) ONE FERRY BUILDING, SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Disclaimed Group

1. Name and Address of Reporting Person* Enable Growth Partners L P (Last) (First) (Middle) 1 FERRY BUILDING SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) Disclaimed Group

1. Name and Address of Reporting Person* Enable Opportunity Partners L P (Last) (First) (Middle) ONE FERRY BLVD SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Disclaimed Group

1. Name and Address of Reporting Person* Pierce Diversified Strategy Master Fund, LLC (Last) (First) (Middle) ONE FERRY BUILDING SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Disclaimed Group

1. Name and Address of Reporting Person* Levine Mitchell S (Last) (First) (Middle) ONE FERRY BUILDING, SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Disclaimed Group

Explanation of Responses:

1. See Footnote #1 in exhibit99-1.htm.

2. See Footnote #2 in exhibit99-1.htm.

3. Consists of 73,333 Shares held by Mitchell S. Levine in his individual capacity. Each of the Investors and Enable Capital Management, LLC disclaims beneficial ownership of the securities of the Company held by Mitchell S. Levine.

	/s/ Mitchell S. Levine, Managing Member of Enable Capital Management, LLC	03/06/2009
	/s/ Mitchell S. Levine, Managing Member of Enable Capital Management, LLC, the general partner of Enable Growth Partners, L.P.	03/06/2009
	/s/ Mitchell S. Levine, Managing Member of Enable Capital Management, LLC, the general partner of Enable Opportunity Partners, L.P.	03/06/2009
	/s/ Mitchell S. Levine, Managing Member of Enable Capital Management, LLC, the Manager of Pierce Diversified Strategy Master Fund, LLC	03/06/2009
	/s/ Mitchell S. Levine	03/06/2009
	** Signature of Reporting Person	Date
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