Next Meats Holdings Inc (NXMH)

[splintered sunlight]

Interesting

Thanks

[cintrix]

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

[oregon 1]

If the CEO doesn't get his filings in then all the work that He is promoting will be for nothing.

[splintered sunlight]

Or piss an awful lot of people off LOL.

Thanks

[Cschloegel11]

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…

[splintered sunlight]

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

[Cschloegel11]

Someone getting out? I thought the Europe deal was a step in the right direction

[splintered sunlight]

Unusual volume today again....any guesses?

[oregon 1]

The CEO is good at marketing but lousy at the financial part of this company. He has totally ignored the share holders.

[Lime Time]

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.

[oregon 1]

What do you mean by that?

[Lime Time]

Pink Current to Expert Market.

[i_like_bb_stock]

https://twitter.com/ishizuka_koichi/status/1629054019225411584

[i_like_bb_stock]

definitely

[oregon 1]

That would help

[i_like_bb_stock]

me too would help if theyd take some of that restricted and put it into preferred

[oregon 1]

I hope this breathes life into this stock price.

[i_like_bb_stock]

https://twitter.com/ishizuka_koichi/status/1628384230932910080?s=20

[ironhammer]

Nice action today

[adtime]

Nice Banktank fail as normal Frank and Criag serial scammers disappear after crushing the stock I was the only one calling this out no one listened.. inept retarded world very simple. Now Frank gets karma for all the people he crushed. Good talk.

[trackkwizzard]

expert to Pink current

[Ringrock]

Wow, up 9,000% on 700 shares… lol

[adtime]

Koichi needs to Sell the company

[oregon 1]

I never heard of him, but what does he have to do with next meats?

[adtime]

Dbank777 leader of scam group Banktank dumped on everyone after front loading. Where is he now? Hmm?

[oregon 1]

What are you talking about?

[adtime]

Banktank special- from the serial scammer Dbank777 karma is coming

[adtime]

Banktank dbank777 clown leader dumped on everyone and has been gone ever since!

[adtime]

Banktank Dbank special! Worst scammer in otc Dbank clown Banktank special!

[oregon 1]

They need a PR person.

[oregon 1]

This Ceo needs a video to show what they are showing on twitter right now to encourage shareholders what is happening.

[oregon 1]

This Ceo needs a video to show what they are showing on twitter right now to encourage shareholders what is happening.

[adtime]

Nice Banktank scam.. dbank special

[Cschloegel11]

Unusual volume today…any guesses?

[oregon 1]

Lets hope this is the beginning of great thing to come.

[StockRocket]

$NXMH is NOW CURRENT this is the stock to own of the 3. Also look for major things to come out of this meeting w/Commonwealth Capital. READ below the what this investment group does in link provided. Exactly what Koichi needs! $DRFS $WBBA https://t.co/81Z7oatVCa pic.twitter.com/OtR89aF4Ap

— stockrocket1 (@StockRocket1) November 7, 2022

[oregon 1]

Where is the leadership in our company. They have shareholders who want answers.

[oregon 1]

This company needs to get their act together or there going to lose investors.

[edro]

Apparantly yes but traded on the grey market.

[oregon 1]

Are we still in business?

[Ringrock]

Interesting, no B/A… last trade 8/15

[oregon 1]

Someone is trying to hold this down

[Scuba-D]

Be nice to get Japan buying $NXMH they can't due to OTC warning still in place.

[Cschloegel11]

Hideki will take over as ceo I think and I believe he will do well. Next meats is growing and it is time people worldwide can invest

[Scuba-D]

Ryo resigns 8-K link wish him wellness and a speedy recovery.
https://www.otcmarkets.com/filing/html?id=15944849&guid=xgU-kefWOfwfJth

[StockRocket]

Ryo had to resign health, I wish him well..but he could not move this forward, so I welcome new experienced mgmt to come in perhaps from a larger competitor with connections etc...t

[oregon 1]

Some nice buys this morning

[Cschloegel11]

The time is near

[cintrix]

Form 4 filed: On May 24, 2022, White Knight Co., Ltd., a Japanese Corporation, owned and controlled by Koichi Ishizuka, sold a total of 461,714 shares of restricted common stock of Next Meats Holdings, Inc., a Nevada Company, at a price of $0.85 USD per share, to a Japanese Company, Pikul Co., Ltd., which is not considered to be a related party to Next Meats Holdings, Inc., pursuant to Regulation S of the United States Securities Act of 1933. Koichi Ishizuka is an Officer and Director of Next Meats Holdings, Inc.

[Cschloegel11]

Chief revenue officer