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Nate's Food Co. (NHMD)

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Last Post: 5/17/2022 4:00:29 PM - Followers: 293 - Board type: Free - Posts Today: 0



NHMD Instagram:

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


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. 


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 


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

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: 


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 


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. 


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
Current Price
Bid Ask Day's Range
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NHMD News: Current Report Filing (8-k) 05/16/2022 10:30:04 AM
NHMD News: Quarterly Report (10-q) 04/14/2022 01:11:15 PM
NHMD News: Quarterly Report (10-q) 01/19/2022 10:02:38 AM
#83236  Sticky Note Proof that this could not be a viable surfkast 10/01/21 11:46:25 AM
#79882  Sticky Note Nates homemade online store is closed. Will it billytbone 04/17/18 11:44:48 PM
#83477   It has been dead since inception! surfkast 05/17/22 04:00:29 PM
#83476   NHMD is DEAD!! LOL Deep6 05/17/22 12:14:06 PM
#83475   Monster filing! Look at all the buying! NOT! surfkast 05/17/22 10:12:00 AM
#83474   Item 5.03 Amendments to Articles of Incorporation or surfkast 05/16/22 02:47:24 PM
#83473   Looks like all Joey and Annie scams and surfkast 04/29/22 06:04:10 PM
#83472   Hard to believe that there's still people pissing billytbone 04/29/22 02:48:38 PM
#83471   Slow scam. surfkast 04/29/22 10:49:02 AM
#83470   Net Income (Loss) $(253,578 ) surfkast 04/15/22 03:28:54 PM
#83467   What's wrong with a cake shaped like a crypto? Richyrich985 04/06/22 08:10:53 PM
#83465   April 33rd. billytbone 04/05/22 11:32:36 PM
#83464   When is the name change and forward split happening? slovestor 04/05/22 08:27:50 PM
#83463   Still nothing here. surfkast 04/05/22 12:34:34 PM
#83462   So it is pure coincidence that Wade has surfkast 03/18/22 11:07:26 AM
#83461   Still waiting....link? For ALL NEGATIVE NHMD CLAIMS? Deep6 03/17/22 08:06:02 PM
#83460   Its amazing how much the truth hurts. Hopefully Deep6 03/17/22 08:01:55 PM
#83459   Wade's last involvement with NHMD was literally years ago. Deep6 03/17/22 07:52:39 PM
#83458   Supplied by MasterNate. ;-) surfkast 03/14/22 12:21:38 PM
#83457   Ahhhh....crypto-cakes, the edible coin. Sheepdog 03/08/22 03:20:30 PM
#83456   Crypto mining now, just like every OTC scam LMAO! billytbone 03/08/22 03:18:03 PM
#83455   Is this scam still hyping squirt cakes, or Sheepdog 03/08/22 03:16:18 PM
#83454   NATE GOT DIS!! LMAO Deep6 02/21/22 10:51:12 PM
#83453   Joseph Wade Mezey was/ possibly still is the surfkast 02/18/22 02:54:27 PM
#83452   Yeah the OTC crooks know exactly what they Deep6 02/18/22 01:29:47 PM
#83451   I didn't remember that one! Did the pumper_stumper 02/18/22 01:25:01 PM
#83450   Better get them before they get loaded on Deep6 02/18/22 12:16:12 PM
#83449   Can I buy in now? surfkast 02/18/22 10:20:15 AM
#83448   I miss those pancakes in a can... the Deep6 02/18/22 12:01:44 AM
#83447   Ongoing scam. surfkast 02/09/22 10:39:24 AM
#83446   What’s the deal here? Eagle1 02/09/22 10:31:20 AM
#83445   Don't impress me at all, I bought this madmac11 02/03/22 01:03:53 PM
#83444   Correct! surfkast 02/03/22 10:53:15 AM
#83443   Wade is doing this with three shells. surfkast 02/03/22 10:49:44 AM
#83441   Don't know the date, but yes....it is a cparma 02/02/22 02:31:36 PM
#83440   Anyone know about when do we get the tamitakos 02/02/22 01:49:35 PM
#83439   It most certainly does go down automatically. billytbone 02/02/22 01:34:29 PM
#83438   The price does not automaticqlly go down on cparma 02/02/22 01:33:40 PM
#83437   The price the day of the split would billytbone 02/02/22 01:30:38 PM
#83436   Yes ! winnotlose 02/02/22 01:28:22 PM
#83435   Stocks generally soar after a 3:1 Forward Split. cparma 02/02/22 01:26:25 PM
#83434   Inherently there is going to be 200% more billytbone 02/02/22 01:15:12 PM
#83433   Stock is SO THIN and the forward 3:1 cparma 02/02/22 01:13:48 PM
#83432   It just blows my mind. billytbone 02/02/22 12:54:25 PM
#83431   They were warned. surfkast 02/02/22 12:53:04 PM
#83430   Buying when it's going to be diluted.... brilliant! billytbone 02/02/22 12:46:33 PM
#83429   Stock is VERY THIN too. This could make cparma 02/02/22 12:45:27 PM
#83428   Forward Split Announced. 3:1 cparma 02/02/22 12:34:55 PM
#83427   This may be the first time a sub Twotone 02/02/22 12:23:52 PM
#83426   Announced in the filing today that you will cparma 02/02/22 12:17:20 PM
#83425   Nice news good pullback 0.0029 Welsh_Dragon 02/02/22 11:52:26 AM
#83424   Seems silly to asume there would be $0 slovestor 01/20/22 03:49:56 PM
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