Replies to post #24377 on Nano Mobile Healthcare Inc (VNTH)

[chemist72]

Well, VNTH is still owned by Frank. And he's being charged with fraud (among other things) by the SEC.

How many folks do you think will buy shares in a company owned by a convicted fraudster?

[chemist72]

Doesn't matter if VNTH was listed in the complaint or not. Here are the penalties the SEC is seeking for Frank:

In its case against Igwealor and Ogbozor, the SEC seeks permanent injunctions, officer and director bars, civil penalties, disgorgement, and prejudgment interest as to both defendants, as well as a penny stock bar against Igwealor.

bold part is my edit
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26171#:~:text=The%20Securities%20and%20Exchange%20Commission%20announced%20today%20it,controlled%20to%20purchase%20a%20home%2C%20and%20illegally%20selling