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Nate's Food Co. (NHMD)

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Last Post: 4/16/2021 9:51:02 PM - Followers: 279 - Board type: Free - Posts Today: 0

 





PROMO VIDEO APRIL 2017:
https://www.youtube.com/watch?v=J3fw0SI8l3w

NHMD Instagram:
https://www.instagram.com/nateshomemade/




Nate's Homemade Online Store: www.nateshomemade.com

Nate's Food Co. Website (investors): www.natesfoodco.com

 



 

NHMD Share Structure


(as of April 17, 2017)

Authorized: 500,000,000

Common Shares Outstanding: 363,399,856
Float: 347,879,856
https://www.otcmarkets.com/stock/NHMD/profile
http://www.natesfoodco.com/investor-relations/

 

News:     http://www.otcmarkets.com/stock/NHMD/news
Filings:  http://www.otcmarkets.com/stock/NHMD/filings

 

 

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

The share structure has not been updated since April 28, 2016. It doubled in three months!
(as of April 28, 2016)
Common Shares Outstanding: 249,106,891

 

Outstanding Shares 123,647,463 a/o Jan 15, 2016



The status of the following debts are unknown:




Note payable to WB Partners 

During the period ended November 30, 2015, the amount the Company borrowed and repaid to WB Partners (Joseph Wade) is nil. The total amount owed was $60,532 as at November 30, 2015. The loan is at 0% interest and is to be repaid by December 31, 2015 and is currently in default. As of May 31, 2015 this note as classified as a note payable to related party and had a balance of $60,532. 




Note payable to SouthCorp Capital 

On October 20, 2015, the Company issued a Promissory Note to SouthCorp Capital, for $200,000, due October 20, 2017 for a payment for a purchase of the equipment of $177,712 and financing cost of $22,288 related to purchase of this equipment. The Note carries an annual interest rate of 8%. As of November 30, 2015, the Company owes $203,129, of which $3,129 is accrued interest. The deferred financing cost is being amortized over the life of the note using the effective interest method resulting in $1,250 of interest expense for the six months ended November 30, 2015. 

THE ABOVE INFORMATION IS LISTED IN THE MOST RECENT SEC 1OQ FILING DATED: 

10-Q Jun 28, 2016 Feb 29, 2016

Item 3.02 Unregistered Sales of Equity Securities. 
(a) If the registrant sells equity securities in a transaction that is not registered under the Securities Act, furnish the information 
set forth in paragraphs (a) and (c) through (e) of Item 701 of Regulation S-K (17 CFR 229.701(a) and (c) through (e). For purposes of 
determining the required fi ling date for the Form 8-K under this Item 3.02(a), the registrant has no obligation to disclose information under 
this Item 3.02 until the registrant enters into an agreement enforceable against the registrant, whether or not subject to conditions, under 
which the equity securities are to be sold. If there is no such agreement, the registrant must provide the disclosure within four business 
days after the occurrence of the closing or settlement of the transaction or arrangement under which the equity securities are to be sold. 

b) No report need be filed under this Item 3.02 if the equity securities sold, in the aggregate since its last report fi led under thisItem 3.02 or its last periodic report, whichever is more recent, constitute less than 1% of the number of shares outstanding of the class of equity securities sold. In the case of a smaller reporting company, no report need be filed if the equity securities sold, in the aggregate since its last report filed under this Item 3.02 or its last periodic report, whichever is more recent, constitute less than 5% of the number of shares outstanding of the class of equity securities sold.



Facts are Fun 



http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11463275





nodummy Tuesday, 11/08/16 08:21:26 PM 
Re: fozzie1964 post# 114630  
Post # 
114640 
of 114640 Go
NHMD - just a quick response to your post 

Quote: 
Same spike has happened several times that dilution is has been done 


That's the case with most penny stocks (even the ones with the ugliest toxic debt issues). They will all have breaks at some point from the dilution which can sometimes lead to temporary rises in the stock price/profit opportunities if the interest is there. 

That's great that you understand the idea of flipping a stock for short term profits and not holding for the inevitable long term losses, but I think the problem is that a lot of people don't understand how to trade penny stocks and often chase too high or hold too long and lose money. The people pumping these stocks aren't usually pumping them as a short term profit opportunity. They are pumping them as some kind of life change long term investment. And that's the problem. Some people are gullible enough to take that sort of pumping literally and lose money by holding too long because of it. 


I haven't followed NHMD, but I'd be willing to bet that over the past 2+ years, NHMD has had lots of press releases and 8Ks about big positive forward looking progress for their business operations that could lead to big long term grown in revenues not too much unlike the recent 8K you are referring to: 

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11648566 

But tossing money around based on forward looking promises and the hope that there is a break in the dilution caused by convertible debt is risky. 

All you have to do is look at a 2 year chart for NHMD and you will see that NHMD is down 97% off its highs from about 2 years ago. That means that a LOT of people that bought into that forward looking hype about NHMD growing into some great company lost money. 

Probably over the past 2 years NHMD has done press releases or 8Ks about product orders, retail store placement, distribution agreements, equipment purchases, and financing all with the intent of making retail investors believe that NHMD was going to grow into some super successful business. 

How great of a company did NHMD grow into? Well the recent 10Q for the period ending August 31, 2016 says about all you need to know about that 

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11644551 

NHMD had only $1,996 in cash as of August 31, 2016 

NHMD had only $2,734 in revenues for the 3 months ending August 31, 2016. Is that really what the company was promising 2 years ago? 

NHMD had an operating loss of $45,940 and a net income loss of $1,511,277 for the 3 months ending August 31, 2016. A company operating at a loss quarter after quarter can only survive by borrowing money. 

Despite all the dilution that caused the price to fall 97% over the past 2 years, the amount of convertible debt on the balance sheet is at an all-time high with $240,526 in convertible debt and another $187,346 in long term debt on the balance sheet. Obviously, since NHMD has almost no revenues or cash, the only way NHMD is going to pay that off is by issued discounted stock causing more dilution. 


In the 10Q we find out that subsequent to August 31, 2016, $92,076 in convertible debts and accrued interest was converted into 30,594,925 common shares. 

The dumping of those 30,594,925 new free trading shares of stock is no doubt what caused NHMD to drop from the $.0084/share (the price on September 1st) to the recent all-time low of $.0015/share. 

That's a big drop (82%) in a short amount of time so it was a decent set-up for a bounce move (assuming the dilution were to stop long enough to allow it to happen) especially with NHMD being such a popular stock at times. 

But the problem is that there is still a lot more convertible debt on the balance sheet that will have to be turned into discounted free trading stock in the future. And the lower the NHMD share price continues to go the more shares it will take to pay off the debt leading to the outstanding share count growing at an accelerated rate. 

Not everybody understands that these temporary rises in price are eventually going to be followed by new dilution and new lows. 







SHARE STRUCTURE HISTORY:

Outstanding as of November 10, 2014 - 67,800,000

Outstanding as of September 19, 2015 - 77,200,000

Outstanding as of October 17, 2016 - 308,861,435

Outstanding as of March 3, 2017 - 361,721,856

 
Outstanding 537,774,616  02/16/2018
NHMD
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PostSubject
#82292  Sticky Note Since the company temporarily halted all production in surfkast 03/17/20 10:46:00 AM
#82068  Sticky Note $nhmd $.10 with news Taurus69 09/18/19 02:00:14 AM
#79882  Sticky Note Nates homemade online store is closed. Will it billytbone 04/17/18 11:44:48 PM
#83038   WAIT! New info soon? New videos? surfkast 04/16/21 09:51:02 PM
#83037   A VERY SAD DAY FOR DOC... DrContango 04/16/21 07:47:28 PM
#83034   Heard they used the can cakes to repoint surfkast 04/02/21 07:38:12 AM
#83033   LOL better than an Esskay hot dog. billytbone 04/01/21 09:26:59 PM
#83032   I’m hoping to see Nate again this summer DrContango 04/01/21 09:25:51 PM
#83031   That is great! surfkast 03/31/21 08:03:50 PM
#83030  Restored MISSION ACCOMPLISHED!! LMAO Deep6 03/31/21 03:15:30 PM
#83029   This scam did have some great days. surfkast 03/31/21 02:39:31 PM
#83028   Things will be heating up soon. Deep6 03/31/21 02:24:51 PM
#83027   Yep ... NHMD was a scam!! LMAO LMAO Deep6 03/31/21 02:20:47 PM
#83026   NHMD GOODBYE ... LMAO LMAO Deep6 03/31/21 02:12:59 PM
#83025   Thank you for finally solving the mystery! surfkast 03/29/21 08:58:14 AM
#83024   3 MILLION CANS FINALLY LOCATED!!! DrContango 03/29/21 03:31:50 AM
#83023   Get your orders in! surfkast 03/28/21 07:49:23 PM
#83022   ONLINE STORE ACTIVE AGAIN! DrContango 03/28/21 06:06:43 PM
#83018   How is that Bristol Farms deal coming along? Deep6 03/25/21 02:35:28 PM
#83017   $nhmd $0.0012 ? 0.0 (0.00%) Taurus69 03/21/21 09:28:57 PM
#83016   So many out there. So little time. surfkast 03/18/21 07:30:04 AM
#83015  Restored LOOKS LIKE MY HARD WORK AND THAT OF Deep6 03/17/21 09:03:57 PM
#83014   That is going on on several JWM scams. surfkast 03/17/21 03:49:17 PM
#83013   Looks like 1 or both still dumping shares billytbone 03/17/21 01:54:23 PM
#83012   Ahhh guess it was just a scam by Deep6 03/17/21 01:06:48 PM
#83011  Restored Just happened again too funny 10,000 share buy billytbone 03/15/21 03:32:57 PM
#83010   A $14 buy at .0014 LMAO someone painting billytbone 03/11/21 01:09:45 PM
#83009   This scam needs to be revoked why are billytbone 03/11/21 12:00:12 PM
#83007   It's amazing that Crooked Nate can still squeee Deep6 03/03/21 02:13:22 PM
#83006   There's zero shorts here LMAO! billytbone 03/03/21 11:37:14 AM
#83005   We gotta get it on Reddit for a Max77 03/03/21 11:36:47 AM
#83004   Out of business sale. billytbone 03/03/21 11:34:24 AM
#83003   Nhmd on sale now! Max77 03/03/21 11:33:42 AM
#83002   Suspension looming? surfkast 03/03/21 11:23:36 AM
#83001   Get out while you can. billytbone 03/03/21 10:18:02 AM
#83000   I know, I'm just shocked, don't understand it. The capCaptain 03/03/21 10:16:58 AM
#82999   This should be revoked. billytbone 03/03/21 10:13:27 AM
#82998   Great buying opportunity! Max77 03/03/21 10:12:18 AM
#82997   What what that was the price when I posted. billytbone 03/03/21 10:08:14 AM
#82996   What? The capCaptain 03/03/21 10:05:31 AM
#82995   Holy cow! billytbone 03/03/21 09:49:39 AM
#82994   I have the only remaining can in my DrContango 03/02/21 10:36:30 PM
#82993   His is another cog in the Joseph Wade surfkast 03/02/21 03:26:26 PM
#82992   Couldn't happen to a better guy than Nate billytbone 03/02/21 03:21:20 PM
#82991   Hopefully this will be on the next suspension list. surfkast 03/02/21 03:17:16 PM
#82990  Restored We both tried to tell you. billytbone 03/02/21 01:21:27 PM
#82989   OUT OF BIZ looks like your correct.. Just EmptyBones 03/02/21 01:20:48 PM
#82988   I have the only remaining can in my billytbone 03/02/21 12:40:49 PM
#82987   Nate I want some pancake mix now.. EmptyBones 03/02/21 12:38:48 PM
#82986   .0009 -0.0003 (-25.00%) billytbone 03/02/21 12:16:44 PM
#82985   Nice$$$$ Phyxius 03/02/21 12:14:13 PM
#82984   very nice.. last yr when i talked to EmptyBones 03/02/21 09:10:56 AM
#82983   Right you are. Just got my email alert! DrContango 03/02/21 09:08:36 AM
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