Nano Mobile Healthcare Inc (PK) (VNTH) News

Lawyers for the preliminary hearing have been filed and approved.

Timothy M. Cornell
https://lawyers.justia.com/lawyer/timothy-cornell-1515239

Lucas Andrew Messenger
https://www.messengerlawapc.com/

https://www.pacermonitor.com/public/case/55875644/Securities_and_Exchange_Commission_v_Frank_Igwealor_et_al

Honesty… No one knows for sure.

While my discussion about the case being only Filed and waiting for its initial Preliminary Hearing Date was 100% factual and undeniable.
Trying to figure out what Frank will do next is simply speculation.

Betting Odd’s are; this is settled before it goes to Trial.
For him to settle he would need cash to repay what he took and the fines.
It’s in his interest to either get profit from selling the shells or actually put a profitable company in them.
He may be forced to sell his home purchased with these funds.

Then again the SEC might want to make an example of him and not accept a settlement, tho this doesn’t happen often, it does happen.
In that case he would need to sell and or transfer ownership of the shells with new directors/ceo before the hearing and or trial as the judge can place restrictions on his actions, since the judge can if he choose to restrict Frank as early as the Preliminary Hearing.
Much of this can depend on what his plea will be and/or his defence.

Worst case, they bar him from ownership/officer/director/ceo of any corp/shell which would force his hand in transferring “to a friend” or out right selling them to a new CEO and Owner for profit… and he may be unsuccessful at either and they could all go dark/defunct. Which would also be terrible for him as he needs the money!

It’s in his better interests to settle, transfer or sell. Going dark would bring him to bankruptcy.

Again… all speculations using logic, we’ll know more as the case develops and if we see any year end filings.
I don’t recall the date of by hand, easy research tho.

Oh and yes… ChatGPT is such an amazing tool ☺️

I see your point now regarding VNTH.

So my question is, do you really think Frank is going to try and sell VNTH to or merge them with anyone else? My opinion is that he is going to be so tied up with this SEC filing against him that he won't even have time to think about VNTH.

Just my own opinion though.

Thanks for this summary. ChatGPT is smart. LOL

I’ve been arguing with you that all there is.. is a filed court case and nothing more.
You just approved and thumbs up a comment that proves my point! LOL

You’ve been arguing that the case has been accepted and ready to start trial. 🤣
Just go see my first message.. I clearly started that a hearing has yet to happen and you’ve been debating that it’s a case ready for trail!!!

LO-FUCKEN-L
You clearly have no idea how the judicial system works and this has been proven by your many many erroneous messages… you’ve been schooled and now you simply cant accept it!

Your narrative wont fly here buddy! Nice try!

There is no actual court date, judge that’s been appointed is only for a hearing.
There is not trial.. as of yet.
Quit twisting words.. you made a mistake own up to it.

Thus this judge is not ready to judge on this case anytime soon… he hasn’t even heard the preliminary evidence yet to even decide if the case will move to the next steps.
Meaning Frank and his Corps are clear to do as they please for the moment.

Why can’t people just admit when they are wrong!
Sad Sad Sad world we live in!
Can’t believe this guy thought the trail was about to start!
You cant make this stuff up!
Well you can to try and spread more Fud!

LOL.. Exactly what I said.. FILED
This Websligner Character keeps debating that its going to trail already.

It has not gone to a preliminary hearing yet… and there is no court date.
The judge appointed is not ready to hear the full case and make any type of judgement.
Only ready to Hear the evidence and make judgment if the case will proceed.

Frank and his Corps are not yet restricted and can fix/sell.. do whatever they want.

You are correct.  I'm an attorney.  There is an open court case filed. 

LOL.. did you even read the Docket!!!
** It’s okay to be wrong sometimes, thats how we learn.. no need to be aggressively defiant **

https://www.pacermonitor.com/public/case/55875644/Securities_and_Exchange_Commission_v_Igwealor_et_al

The judge was appointed quickly and then re-assigned! About 1 week after fillings… no court cases are heard for judgement in such speedy times!
All we have here are court filings and we are waiting for the preliminary hearing.

From those Waiver of Services filed if Frank and Co signed them it will show he is cooperating and this would give a very slight indication that we could see a settlement, tho that is pure speculation of previous cases and history with SEC

We’ll just have to keep on eye out for new Docket Updates.

In case you dont understand how the court system works.. I had ChatGPT summarize it for you.
—

Based on the docket entries you provided, a **preliminary hearing** has not yet occurred in this case. The most recent updates involve the **waivers of service** being executed on **December 19, 2024**, where the Securities and Exchange Commission (SEC) filed proof that various defendants, including Frank Igwealor, had received the waiver of service for the lawsuit.

Additionally, the docket shows several administrative actions like the **reassignment of the case** to Judge Fernando M. Olguin, and **pro hac vice motions** allowing out-of-state attorneys to appear in the case.

It appears the case is still in its early stages, with **answers from the defendants due by January 21, 2025**, as indicated by the waivers of service. Therefore, no preliminary hearing or significant court proceeding has taken place yet.

You may want to continue monitoring the docket for any future notices of hearings or motions as the case progresses.

Either way… I expect a settlement in this situation.

Nope.. it’s a hearing.. to see if they move forward with the court case.

Hence.. no restrictions have been places on Frank or his companies.. yet.
As they are “unfounded” accusations.

No different as if I were to bring you to court for saying you stole 200k from my company.
I would file… and then a judge would be appointed to HEAR the plaintifs and defendants evidence and defence, from there a court date and or jury selection process would be initiated if the judge sees there is an actual case to be held… or simply dismiss the filed case.

We are still at the Hearing part of the case… which still confirms my initial statement that currently Frank can do as he pleases with this companies, no restrictions as of yet.

It doesn't matter whether there is a jury or not. It is still a court case.

For your learning pleasure!!!
You’re funny, it seems you dont have any idea how the judicial system functions… buddy just read, the SEC asked for a Jury!

Of course there’s a judge for the Hearing to happen! It’s the first part of any filed case.. it needs to be assessed for validity.
If you read the document, the SEC is requesting a Jury Case and not a Judge to hand the verdict.
But either way the judge needs the hearing to decided if thats what is best for this case.
The Judge in this case has been assigned to HEAR the case hence the Hearing.
He will Hear the evidence and see if it has merit to go forward.

**Case Filing** and **Case Hearing** are two distinct stages in the legal process:

1. **Case Filing**:
- This is the initial step where a party (plaintiff or complainant) submits a formal complaint or petition to the court, initiating a legal proceeding.
- It involves submitting all necessary documents, evidence, and statements to outline the case, which can include claims, charges, or defenses.
- Once filed, the court registers the case and assigns it a case number.

2. **Case Hearing**:
- After the case is filed, a **case hearing** is scheduled. It is a session where both parties present their arguments, evidence, and witnesses before the judge or tribunal.
- Hearings may involve multiple sessions and could focus on motions, pre-trial procedures, or the actual trial.
- The judge listens to both sides, and after considering the evidence and arguments, renders a decision or sets a future date for further proceedings.

In short, **case filing** is about initiating the legal process, while a **case hearing** is where the case is actively considered and argued in court.

It sounds like you don't understand the judicial system.

It is a court case. Court cases don't happen in a week. They usually take a long time (sometimes many years). And many court cases never see a jury - the judge rules on them.

The case is in court (California Central District Court). It has a case # (2:24-cv-09941). It has a judge (Fernando M Olguin).

https://www.pacermonitor.com/public/case/55875644/Securities_and_Exchange_Commission_v_Igwealor_et_al

You simply proved my point… it’s simply been filed.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26171

I wrote this is my last message…
There’s no current court case.. only a request for a hearing with suggested penalties and restrictions.
Yet you chose to quote only the first part?


You linked to the same “court cases filing” that we’ve been discussing for the past month.

No preliminary hearing as of yet.. no case court date, no jury…
There are to many court cases filed daily to even mention, at this time all this is, is a filing.

Hence no restrictive actions have been taken on the companies owned by Frank or Frank himself… yet! lol

For that to happen he would need to lose in court and we are far from that date happening, quite a bit can happen between now and then.

There is a possibility that at the preliminary hearing the judge orders Frank and his companies to be restricted… there is a possibility he comes to an agreement with the SEC and the court will never have to see the case with jury.

There are many factors at play but the one that is currently 100% true is that all we currently only have is a filing.. hence no restrictive actions as of yet.

BTW: Not excusing his actions.. they’re shitty! But this doesn’t mean the corps are dead in the water.. they can currently be sold/fixed.

Thank you for the court case link.

Misappropriation, Conflicts And Illegal Stock Sales

Conflicts of interests and sham transactions are a key consideration when dealing with issues involving the federal securities laws. Many of the cases initiated by the Commission center on conflicts such as those that can arise when a controlling shareholder borrows funds from a company. The Commission’s latest case involving these kind of transactions is SEC v. Igwealor, Civil Action No. 2:24-cv-09941 (C.D. Cal. Filed Nov. 18, 2024),

Defendants in the action are: Frank Igwealor, an attorney, CPA, investment adviser and the controller of many of the entities involved here; Patience Ogbozor, wife of Frank Igwealor; Alpharidge Capital, LLC; American Community Capital, LP; Givemepower, Inc.; Kid Castle Educational Corp.; Los Angeles Community Capital; and Video River Networks, Inc.

Beginning June 2021 Defendant Igwealor and his wife misappropriated over $2.2 million from Defendant Alpharidge, a subsidiary of GiveMePower, a publicly traded defendant Mr. Igwealor and his wife controlled. The funds were used to purchase a residence for Defendant Igwealor and his wife. Under the terms of the mortgage put on the property, no payments were due before 2031.

Subsequently, Defendants Kid Castle and other controlled entities, entered into a transaction designed to conceal transactions involving the home. Specifically, the mortgage was not disclosed by Defendant GiveMePower in its annual report filed with the Commission. Indeed, the purpose of the mortgage was to shroud the original misappropriation and conflicts and avoid repayment.

Finally, over a period of months, beginning in July 2021, Defendant Igwealor sold millions of shares of three penny stocks he owned. The size of the transactions violated the limitations for such sales in the federal securities laws. The complaint alleges violations of Securities Act Sections 5(a), 5(c), and each subsection of 17(a), and Exchange Act Sections 10(b), Rule 10b-5 and aiding and abetting violations of Sections 13(a) and 13(k). See Lit. Rel. No. 26171 (Nov. 19, 2024).

https://www.secactions.com/misappropriation-conflicts-and-illegal-stock-sales/

<< There’s no current court case.. >>

Yes, there is a court case.

Securities and Exchange Commission
v.
Frank Igwealor, Patience Ogbozor, Alpharidge Capital LLC, American Community Capital LP, GiveMePower, Inc., Kid Castle Educational Corporation, Los Angeles Community Capital, and Video River Networks, Inc.

Case # 2:24-cv-09941

Judge: Fernando M Olguin

Cause: 15:77 Securities Fraud

https://www.pacermonitor.com/public/case/55875644/Securities_and_Exchange_Commission_v_Igwealor_et_al

There’s no current court case.. only a request for a hearing with suggested penalties and restrictions.

As of today he’s free to do as he pleases… at least thats my understanding from reading the document.

Agree. We don't know what Frank is going to do about the SEC court case. Nor do we know anything about his current financial situation. We know nothing about how much money he may have made selling shares of the 30+ shells that he owned back in 2021 and 2022.

He no doubt made lots of money back in those days and likely up to the present time. However, depending on how the current court case goes and what penalties might eventually be proposed he could be hamstrung in his OTC market activities. I'm sure he is being closely watched currently and who knows what he can still do with the shells he currently still owns. I sure don't know.

We cant certain .. no one can.

Tho I feel he has 2.2Million reasons to do it as he’s facing fines and repayment judgements.

He may have the time, but does he have the inclination or motivation to do any of the things you suggest?

I doubt it.

He’s got plenty of time to sell the shells or transfer them to another director/officer and simply change the name of the holdings.

Easy as pie.

If Frank loses this case, he won't be able to do much of anything with any of the other OTC tickers that he currently owns.

Just check out the "RELIEF REQUESTED" section (pages 22-24) of the court document. For example, relief V says: Ordering that Igwealor and Ogbozor be permanently prohibited from serving as an officer or director of a public company.... and relief VI says: Ordering that Igwealor, Alpharidge and American Community Capital be permanently prohibited from participating in any offering of a penny stock, including engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock....

In light of all these accusations and possible trial by jury which would and should render him incapable of being a director or president of any penny stock or corporation… he should definitely step down and/or sell the shell.

I think he wont have a choice anyways since he’ll need to repay the 2.2M he fraudulently acquired.

What a Shit Show this has become.
But something great can become of this.. if sold to the right people.

Frank Igwealor recently charged with fraud (among other things) by the SEC.
https://www.sec.gov/files/litigation/complaints/2024/comp26171.pdf

VNTH just another Frank Igwealor SCAM.

SEC needs to void his control shares so that VNTH shell can be bought by someone else.

Is this even possible? Otherwise, VNTH will be downgraded to the "expert market" next year, around April or May.

Change of ownership can easily be done through OTC Disclosure. It happens often. However, there just isn't a bullish market for these yet.

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

Thanks. I can accept your explanation.

A PR for VNTH may be the only chance this ticker has for some upside. LOL

Hope I can sell some of my VNTH shares in 2025.
Hope springs eternal in the human breast;
Man never is, but always to be blest.
The soul, uneasy and confined from home,
Rests and expatiates in a life to come. https://www.poetrynook.com/poem/pleasure-hope

>

It has been known for many years that Igwealor was a fraudster, and BILLIONS of shares have been traded on his tickers.

If he posted a PR, pumpers would be pumping it, and it would shoot up on FOMO alone.

That is just the way the Wild West of the OTC works.

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?

Legal proceedings must be initiated and completed before any new custodian could be named by the court.

You're looking at 2-3 years in my estimation before that happens.

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
https://www.sec.gov/files/litigation/complaints/2024/comp26171.pdf

What exactly did Frank accomplish in any of his 36+ tickers besides issue a few shares. The guy is useless. He'll soon be barred and someone else will take it.

Yeah and what is the likely hood that it will happen anytime soon considering Frank has some legal concerns?!

Needs a new custodian. Until then, it most likely will exist forever at this price.

TY for the link. Very interesting.

All his shells that I bought are now in the trips or untradable in the OTC Expert Market.

Hope he ends up in jail. Nothing but another OTC crook!

Haha already did. Sold for huge loss but have to keep it moving! Good luck to all who still hold 👍🏼

Looks like Frank just got named in a suit by the SEC.  https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26171  Maybe the next custodian can get this ticker moving in the right direction.

Don't worry. Your time will come. lol

Geez, I wish I could just sell this garbage! 🤦🏻‍♂️

Authorized Shares
4,000,000,000
09/27/2024
Outstanding Shares
3,273,765,298
09/27/2024
Restricted
373,114,650
09/27/2024
Unrestricted
2,900,650,648
09/27/2024

VNTH up 200% currently. LOL

$.0003

Probably around December, if at all.

That seems to be Frank's modus operandi for this ticker.

my opinions are just that >

Soon hopefully!

Cheap again VNTH. When is the next pump 🚀

🤣 😆 😂

Crickets are back.

...For now.

I think the crickets have left as well!! 😀

Crickets…