Nano Mobile Healthcare Inc (VNTH)

[alabama96]

DE requires companies to have enough common shares available if preferred shares are convertible into commons. Just glancing at the Preferred C and D outstanding they would need to set aside 60 billion commons. There are some preferred B’s but that only adds up to a few hundred million. The rest is required for the debt conversions. The C and D’s are dilution proof and the D’s cannot be distributed until all the debt is satisfied.

It looks to me like they are just going to dilute the crap out of the stock to pay off debt then do a R/S.