Nate's Food Company (NHMD)

[CowboysNation88]

CURRENT STATUS as of 8/30/2016

Share Structure As of 7/26/16:
O/S: 273,560,000
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http://www.natesfoodco.com/
http://www.nateshomemade.com

ONLINE STORE: http://www.nateshomemade.com/store
The Company has worked to open the online store in order to provide nationwide availability to our products, primarily to benefit consumers who may initially lack access through their local markets and grocery outlets. Flavors coming soon: http://www.prnewswire.com/news-releases/nates-homemade-announces-online-sales-300293877.html

NEW CANS:

Love my pancakes, can't wait for these to hit stores again #invest $NHMD #Food #entrepreneur #venturecapital pic.twitter.com/2mYopRh0ap

— George (@George323818) May 5, 2016

https://twitter.com/George323818/status/730188524658401280?s

DISTRIBUTION:
Update: 08/30/2016
On August 23, 2016, Nate's Food Co. entered in to an arrangement with one of California's largest aerosol producers to begin pilot production runs of Nate's Homemade Pancake and Waffle Batter in order to start supplying Southern California grocery stores. This will enable the Company to expand our current online sales activity to include distribution to regional grocery chains without impacting our ongoing development activities with ABCO in Northern California. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11572264

Update: 08/19/2016
Since April 24th , 2016, the Company has been in negotiations with large manufacturing concern regarding a licensing agreement for Nate's Pancake and Waffle Batter. On May 18th, 2016, the Company signed a Letter of Intent outlining the terms of the 10 year licensing agreement. The manufacturing group has represented that through their distribution network they will be able to sell over 2,000,000 units per month (per 8k dated 5/3/16)

Although it has now been just over 90 days, the Company is still actively engaged in the final negotiations of the contractual terms and provisions. Numerous complex details have already been addressed, but several issues still remain, including matters related to the licensee co-packing Nate's Pancake and Waffle Batter for the Company. The Company anticipates significant costs reductions will be available by taking advantage of the facilities of the licensee for co-packing services.

The Company expects the negotiations will be completed in the coming weeks. The licensee still plans to begin production within 120 days of final execution. The Company anticipates the royalties received from the sale of the licensee's product will significantly contribute to the Company's revenue. Source
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11555581

Update: 05/23/16
Since April 24, 2016, the Company has been in negotiations with large manufacturing concern regarding a private label licensing agreement for Nate’s Pancake and Waffle Batter. On May 18 th , 2016, the Company signed a Letter of Intent outlining the terms of the 10 year licensing agreement. The Company expects the final negotiations of the contractual terms will be completed over the next 90 days and the licensee plans to begin production within 120 days of execution. The Company anticipates the royalties received from the sale of the licensee’s product will significantly contribute to the Company’s revenue.

Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11403413

Update: 05/11/2016
On May 10th, 2016, the Company made arrangements to establish a new online store. The store will be in operation beginning in June, 2016, reselling Nate’s Homemade Pancake and Waffle Batter retail to the public. The Company has made the decision to open an online store in order to provide nationwide availability to our products, primarily to benefit consumers who may initially lack access through their local markets and grocery outlets. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11376533

Update: 05/5/2016
On April 28, 2016, the Company sent samples and product information to ConAgra's Innovation Group for evaluation. ConAgra expressed interest in evaluating Nate’s Homemade Pancake and Waffle Batter and the samples were sent in response to their request. ConAgra has maintained an interest in aerosol batters due to their long term relationship with Nate Steck. Their initial response to the product was positive and the samples are now being evaluated by the Innovation Group at ConAgra.Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11361770

Update: 05/3/2016
Since April 24, 2016, the Company has been in negotiations with large manufacturing concern regarding a private label licensing agreement for Nate’s Pancake and Waffle Batter. The manufacturing group has represented that through their distribution network they will be able to sell over 2,000,000 units per month. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11354530

Update: 04/29/16
On April 11, 2016, the Company sent samples to Kroger’s Corporate Office and New Product Evaluation Division. Jeff West is having ongoing conversations with Krogers to determine next steps.

The Company also sent samples to QVC for evaluation and Jeff West is following up with his contacts at QVC for next steps.

Production of Nate’s Homemade Pancake and Waffle Batter began in April and has been running smoothly. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11347613


DEBT REDUCTION/PAYOFFS:
Update: 8/1/2016
On July 28, 2016, the Company received confirmation from our law firm, Lucosky Brookman, LLP, that they had successfully sold all of the S-8 shares the Company issued to them for legal services rendered, and that the Company no longer has any balance due Lucosky Brookman, LLP. As of July 28, 2016, the $20,000.00 owed to Lucosky Brookman, LLP, has been paid in full by the Company. The Company plans to continue using the firm of Lucosky Brookman, LLP, in the future whenever legal services are required. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11515733

Update: 7/8//2016
Note 4 of 4: On July 15, 2015, the Company received financing in the amount of $80,000 from Typenex Co-Investment, LLC . On July 8, 2016, the Company made a payment of 50% of the balance then due in the amount of $57,000.00, and entered into a Forbearance Agreement with Typenex regarding conversion of the balance of $57,000.00 debt into Shares of Common Stock at an agreed upon discount and frequency of conversions. After Typenex has completed their conversion of the balance owed, the Company will have paid off all four outstanding convertible debt instruments in full. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11483784

Update: 06/27/2016
Note 3 of 4: On September 25, 2015, the Company received financing in the amount of $68,250 from BOU Trust and on June 24, 2016, the Company paid off the full balance due including interest and retired this debt entirely for the sum of $75,000. The Company is in ongoing negotiations with the remaining lender to pay off their note as well. At present, the Company has one convertible notes with Typenex. If the Company is successful in its negotiations with Typenex, that debt will be retired as well. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11459825

Update: 06/22/2016
Note 2 or 4: On August 14, 2015, the Company received financing in the amount of $65,500 from EMA Financial, LLC , and on June 21, 2016, the Company paid off the full balance due including interest and retired this debt entirely for the sum of $74,381.68. The Company is in ongoing negotiations with the remaining lenders to pay off their notes as well. At present, the Company still has convertible notes with Typenex, and BOU Trust. If the Company is successful in its negotiations with these two note holders, those debts will be retired as well. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11453993

Update: 06/17/2016
Note 1 of 4: On November 5, 2015, the Company received financing in the amount of $55,000 from Fourth Man, LLC, and on June 16, 2016, the Company paid off the full balance due including interest and retired this debt entirely for the sum of $75,000. The Company is in ongoing negotiations with the other three lenders to pay off their notes as well. At present, the Company has convertible notes with Typenex, EMA Financial and BOU Trust. If the Company is successful in its negotiations with these three note holders, those debts will be retired as well. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11449139

The BATTER BLASTER STORY:
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