Nate's Food Company (NHMD)

[Games-Ludus]

So here is the contingency I spoke about:

If the company's shares are classified properly (a dividend of more than 25% of the company) then the actual ex-dividend date is one business day after the payment date, but we don't know what the payment date is because it wasn't disclosed by Nate.

If the transfer agent completed the "Transfer Agent Verification Form" properly, it would have taken into account the 25% and the ex-date will be one business day after the payable date, which is supposed to be listed on this form.

The other item to be completed to make all of this happen is that Nate is supposed to complete an online form called "Issuer Company-Related Action Notification Form," which should show up on the FINRA daily list. It hasn't, so we are not sure that Nate has done that. If he hasn't, the filing fee goes from $200 to $5,000, and the record date gets set by a committee at FINRA.

The thing that I'm not sure about is whether the Series E preferred, since it is not yet converted, should be classified as more than 25%. In actuality, it is more than 25% of the company because only an idiot wouldn't convert to the common shares a year from now, so effectively, it is more than 25%, in which case the ex-date would be one business day after the payment date, which, again, wasn't disclosed by Nate.

Investors don't know whether or not they have a dividend because of the ineptness and non-disclosure of the company, especially when it comes to public filings.

And, if and when all of this is determined, the stock price will be adjusted by the OTC BB and all orders will be adjusted on the ex-date. If it isn't adjusted appropriately, a committee at FINRA decides how and when it will be adjusted.

Sources:

http://www.sec.gov/answers/dividen.htm

http://bit.ly/1Kr5A6G