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It needs a reason for buy volume. I believe it will come in due time.
It was - they slammed the brakes on it unfortunately.
25 million shares reduced with today's filing
8k https://www.otcmarkets.com/stock/NXMH/disclosure
Item 3.02 Unregistered Sales of Equity Securities.
On or about December 5, 2023, the Company entered into an agreement for the purchase of 25,112,780 shares of the Company’s restricted Common Stock from Hiroki Tajiri, a Japanese Citizen, at a price of $0.001 per share of Common Stock. The transaction was completed, and recorded, by the Company’s transfer agent on December 11, 2023, at which time the 25,112,780 shares of common stock were cancelled and resumed the status of Treasury Shares. The total subscription amount paid by the Company was approximately $25,113. At this time, Hiroki Tajiri is not a related party to the Company.
The aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The sale of shares was made only to non-U.S. persons/entities (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.
Following the sale of restricted common stock to the Company, we now have 437,592,510 shares of Common Stock issued and outstanding as of the date of this report.
Item 9.01 Financial Statements and Exhibits.
10Q out CONDENSED CONSOLIDATED BALANCE SHEETS as of October 31, 2023 (unaudited) and aPRIL 30, 2023 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME FOR THE THREE AND SIX MONTHS ENDED October 31, 2023 AND OCTOBER 31, 2022 (UnAUDITED) F2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) FOR THE PERIOD APRIL 30, 2023 TO OCTOBER 31, 2023 AND FOR THE PERIOD APRIL 30, 2022 TO OCTOBER 31, 2022 (UNAUDITED) F3
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED October 31, 2023 and OCTOBER 31, 2022 (uNAUDITED)
https://www.otcmarkets.com/filing/html?id=17110477&guid=MNJ-k6Z1JfxmB3h
So they hired new auditor, filed 8k to look at and reduce the outstanding to put the companies value more in line...Been saying for over a year to do this...With a float UNDER 6M no need for such a HIGH OS...Hoping insiders and large investors exchange out for preferred shares....DOES NO ONE ANY GOOD with a large number sitting on the OS...Bring the valuation down, but as we have seen they have not diluted at all...MAKES SENSE TO DO THIS....Hopefully more filings hit...the prices now are ridiculous and only here cause they are late filing recently...NXMH hit $15 with the same exact SS and hopes to NASDAQ
Sure Looks Good anyway - +199900.00%...................
Pink Current Information status now. I see quotes!
Lets hope he getter done
Good things about to come here....Always had the potential, but CEO was too worried about
burgers, duck liver, and taking pictures of food.
At least he filed.
It's a start I guess.
Thanks
Thanks
Good Luck!!!!!
I really don't know much about the Expert Market. I don't trade pennies anymore. But I have about three bagholds from way back when and this co is one of those. I must have signed up years ago for filing alerts on this co. Every time they file I get an email that alerts me.
I see that, but it was (perhaps mistaken) idea that companies that are Expert Market couldn't issue stock.
Oh Well......
SC 13D/A 11/01/2023 filed
I didn't know that Expert Market stocks could sell new shares.....
8k filed today:
Note: “We”, “Us”, “The Issuer”, and or “The Company” refer to Next Meats Holdings, Inc., a Nevada Company.
Item 3.02 Unregistered Sales of Equity Securities.
On or about September 7, 2023, the Company entered into an agreement for the purchase of 40,168,092 shares of the Company’s restricted Common Stock from Ryo Shirai, a Japanese Citizen and our former Chief Executive Officer, at a price of $0.001 per share of Common Stock. The transaction was completed, and recorded, by the Company’s transfer agent on October 23, 2023, at which time the 40,168,092 resumed the status of Treasury Shares. The total subscription amount paid by the Company was approximately $40,168. At this time, Ryo Shirai is not a related party to the Company.
The aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The sale of shares was made only to non-U.S. persons/entities (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.
Following the sale of restricted common shares to the Company, we now have 462,705,290 shares of Common Stock issued and outstanding as of the date of this report.
Item 9.01 Financial Statements and Exhibits.
None.
-2-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Next Meats Holdings, Inc.
Dated: October 31, 2023
By: /s/ Koichi Ishizuka
Koichi Ishizuka,
Chief Executive Officer
Any news on NXMH? Tired of all these years of late filings WTH?
I agree...especially with under 6M float.
I'm surprised they can change the terms like that but hopefully this gets it kick started.
This should get back to the dollars very soon.. This was $14 not to long ago...
Iam glad to see that they are doing the right thing. We are so under valued
Looks like Koichi is doing the right thing to increase the stocks value-from 8K: "The above reclassification of the share issuance as a common control transaction has been discussed with BF Borgers CPA PC, our current independent registered public accountant, who has agreed with the reclassification of the share issuance described herein.
This was and interesting move by the company.. We'll see how this pans out.
Interesting
Thanks
8k out: Item 4.02 Non-Reliance On Previously Issued Financial Statements Or A Related Audit Report Or Completed Interim Review.
On January 28, 2021, our majority shareholder at the time, Next Meats Co., Ltd., along with our Board of Directors, took action to ratify, affirm, and approve the issuance of 452,352,298 shares of the Company's restricted common stock to Next Meats Co., Ltd. The shares were originally accounted for based on the fair market value closing price per share of common stock based on the open market at the time. However, the Company has now determined that the subject valuation analysis was not credible resulting in the subject value conclusion to not be meaningful given the issuance should have been accounted for as a common control transaction. As such, it is the Company’s belief that the open market value of its common shares did not, at that time, reflect the true value of the shares.
The share valuation has been adjusted and is, in the Company’s belief, now corrected and accounted for as a common control transaction, with our now wholly owned subsidiary, at a valuation of $0. The $452,352 increase in the resulting par value of common shares on the Company's balance sheet has been offset by a corresponding decrease in additional paid in capital in the equity portion of the Company's balance sheet.
Given the above issuance has now been reclassified as a common control transaction, the Company intends to file amendments to the following reports to rectify the historical error regarding the aforementioned valuation of shares: the Form 10-Q for the period ended January 31, 2021, the Form 10-K for the year ended April 30, 2021, the Form 10-Q for the period ended July 31, 2021, the Form 10-Q for the period ended October 31, 2021, the Form 10-Q for the period ended January 31, 2022, the Form 10-K for the year ended April 30, 2022, the Form 10-Q for the period ended July 31, 2022, the Form 10-Q for the period ended October 31, 2022, and the Form 10-Q for the period ended January 31, 2023.
Our forthcoming Form 10-K for the year ended April 30, 2023, will also include the above share issuance adjusted and reclassified as described above.
The above reclassification of the share issuance as a common control transaction has been discussed with BF Borgers CPA PC, our current independent registered public accountant, who has agreed with the reclassification of the share issuance described herein.
Item 9.01 Financial Statements and Exhibits.
None.
https://www.otcmarkets.com/stock/NXMH/disclosure
If the CEO doesn't get his filings in then all the work that He is promoting will be for nothing.
Or piss an awful lot of people off LOL.
Thanks
Ceo could do a better job communicating. Product is solid just need good production and marketing. Lots of restricteds sold over a year ago at up to 2$ a share so the ceo gonna have to please some people soon…
Probably a good guess - I am new to the stock as it popped up on my radar.
I will have to do some DD - anything I should know.
Thanks
Someone getting out? I thought the Europe deal was a step in the right direction
Unusual volume today again....any guesses?
The CEO is good at marketing but lousy at the financial part of this company. He has totally ignored the share holders.
Tier change on OTCM. Needs a financial statement to get back to Pink Current status, but it seems as though it's being worked on.
What do you mean by that?
definitely
me too would help if theyd take some of that restricted and put it into preferred
I hope this breathes life into this stock price.
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