Nano Mobile Healthcare Inc (VNTH)

[DANNYBOY666]

The SEC will never approve that 14C because the company has not enough cash to pay for it (takes $15,000 to do a reverse split on an OTC ticker) they also will not approve because as you mention the past criminality with past senior board members, nor will they approve as every filing since the last 10-Q has been rife with error and not even reviewed by an independent accounting dept. I also suspect no such approval will come until the filings are current in the eyes of the SEC and investing public, they want to know the details before authorizing something like that. Also, they won't approve since the 14C is too vague (a ratio of 10 to 100000 would never fly).

I suspect the 14C was done only to ensure the preferred shareholders can not take their money out since those shares are worthless until the convertible debt is gone. And to scare institutional short sellers away to prevent this from becoming a zero bid play.