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If you remember that day as clearly as I do, you'd remember many people here complaining that they missed the boat in placing an order just minutes after sales for Nate's started. So, their statement is quite accurate IMO of how that hour of the day played out in my head.
I'm not worried about Nate's credibility and surely don't believe this can possibly be a scam if that's what you're are alluding to with your last statement. It just wouldn't make any sense considering his decade plus long ventures in the food business.
As far as production goes, I'd say you're right that Nate would do a run off of a certain amount after he got a feel for how demand for the initial orders of the second production are panning out. A few cans made here and there as online orders come in wouldn't make sense. If he plans on selling 100,000, I'd figure Nate would make a run of 20,000 or more considering the 10,000 can sell out in twenty minutes and the shelve life of the product when refrigerated. From there he can strategize his production plan more efficiently. JMHO
Haha... yeah I agree!
Thanks. That makes perfect sense. Although, I think an 8K explaining how the process will work in detail would help ease investor confusion.
Some other questions I had... Will online sales be available through Nate's website and the online distributor's website or only one? If the deal was finalized with the online distributor, then why didn't Nate tell us who they partnered with?
I know these are a lot of questions that you may not have answers to, but I think as investors we ought to know how the process works. Thanks 229
Are they taking orders where you have to pay for them now or will that begin in late February? I'm confused. I suppose I'll look at the website.
If someone could shed light on the process of online purchase orders and product production and the separation in time, that would help.
I was assuming that when online sales begin in February, Nate and his team will have everything into place. From the ingredients, packaging material/address label maker to the assembly line working at full and efficient capacity. From there, as each order comes in, Nate and his team can fill those orders within minutes or hours and have the product ready to ship for the next day. This is just my assumption. What do you think?
Can you or anyone else address your opinion on how this second production run in February will compare to the first run. As we know many orders were delayed for weeks which is not entirely known why. Do you think the deal with the online distributor will expedite orders promptly and on time? I sure hope the second run turns out a little better. I think online sales is a great addition for revenue outside of grocery placement. What do you think?
Well.. you can also say we all know how quickly this can move down without a grocery deal soon. I'm not too worried, but I'd like to see a press release stating this sooner than later. Penny holders are very impatient and most of the time rightfully so considering the risk involved.
I hope they scrub that building inside and out a few times. I'd hate to eat Nate's Pancake batter with a slight hint of fish poop.
Well this is disappointing to see. I bought more at .10. If I only just waited a bit longer. This sell off is very fishy
Insider buying? weird
Holy Cow! Did you notice all that sodium with the other pancake mixes? 33% and 20% compared to Nate's 9%. Do you guys understand how bad sodium is for your health? Just thought you ought to know. Lol.
It was the distro news I was referring to in an 8K. "Q.2. What is the status of the on-line distributor agreement?
A.2. The terms of the agreement should be finalized by the end of the month. The Company is meeting with its master food broker next week and will get an update on what stores the food broker is looking at and the status of the discussions. Once the Company finalizes the agreements with the food brokers we will finalize the agreement with the on-line distributor.
Brookda... that deal was supposed to come at the end of November. It's almost January now and no deal in sight. Joeyscorpion's email suggested problems obtaining shelve space at any grocer. I don't deny that they're working hard at it, but from the vibe I got, it wasn't going so well like the pps. There has been without question in my mind that there has been over zealous press releases/8K's. His direct alignment with these other worthless penny stocks (EMBR,STHC) are what pisses me off the most. Those two are and will forever be duds. No question about it! Why Nate chose this route to build his brand is baffling!!!
Oh yeah? and what about that bullish signal after the pull back you insinuated? Chart reading without fundamentals is no different than palm reading. It's a bunch of BS all around! Especially with an unproven startup as NHMD. Taking profits and trying to market time to by back in is all quackery too. Stock exchanges are just Las Vegas a billion times over. Good luck with your "predictions"!
That doesn't sound too promising. Hundreds of products that grocers have to decide from. I didn't realize that there was so much competition from other food products. This could be a major challenge for Nate. Perhaps he should of built up the brand a bit more with internet sales to boost the popularity of the product. Of course, it's too early to tell, but I didn't get a good vibe from reading that. Just my opinion.
Thanks weege.
Question: Where did NHMD get/or will get the 3M from? STHC?
My Opinion: STHC doesn't have the liquidity or capital to finance 3M according to their 10-Q.
Article quotation: "Purchase order financing is an effective form of business financing in which money is ADVANCED against a purchase order for finished goods or value added products to finance the manufacturing of the item."
My Opinion: That means any funds from STHC would need to be present before any manufacturing process takes place. It would also mean that any funds would most likely need to be present before any distro news. "SHOW ME THE MONEY", so I can begin operations. Right?
Then why does Nate need STHC to vouch for him to raise capital? Is Nate not capable of doing that himself?
How? The cash will be needed immediately upon distro news. If they aren't raising it now, then how would they expect to raise it in the hours after distro news? I'm confused on how this is possible.
STHC has zero capital on hand to make a loan of 3.2M according to yesterdays 10-Q. I cannot see any other way STHC is capable of making such a loan without selling shares of NHMD. Right? I assume they own a bunch of NHMD by way of the reverse merger that happened with CRRA. All I'm saying is that I'd like some clarification from someone here or by Nate himself on how this financing agreement is at all possible with what I stated. I suppose I'll be emailing NHMD if someone here cannot enlighten me. Thanks
Thanks for replying. So... from what I gather, you're not exactly sure? I'm just trying to get to the bottom of this.
Why would STHC sell their shares to raise capital for another company? I would think STHC's share price would plummet in order to raise 3.2M. The way I read it is that STHC would be selling shares of NHMD to fund Nate's purchase orders? I'm assuming they own NHMD and quite a bit?
This is STHC 10-Q from yesterday:
Liquidity and Capital Resources
As of October 31, 2014 the Company had $9,347 in cash, $4,917 receivables, $3,000 in loan receivable, and $89,080 in real estate for a total of $106,344 in assets. In management's opinion, the Company's cash position is insufficient to maintain its operations at the current level for the next 12 months. Any expansion may cause the Company to require additional capital until such expansion began generating revenue. It is anticipated that the raise of additional funds will principally be through the sales of our securities. As of the date of this report, additional funding has not been secured and no assurance may be given that we will be able to raise additional funds.
Question: How does STHC expect to loan Nate $3,200,000 for purchase orders?
It states that STHC "will provide the financing on a non-dilutive basis against purchase orders of Nate’s Food. The financing will allow Nate’s Food to begin manufacturing 200,000 cans of Nate’s Pancakes in anticipation of fulfilling purchase orders. SouthCorp Capital has agreed to continue to fund up to $3,000,000 in non-dilutive purchase order financing based on an increase in purchase orders of Nate’s Food."
Question: Does this mean STHC will be cashing in NHMD stock and taking the proceeds to finance Nate's purchase orders? What the heck is non-dilutive financing?
Any help clarifying this for me would be greatly appreciated. I obviously have limited knowledge of how this crap works. Thanks.
The rejection date raises some concerns for me. It was just yesterday that they decided to say thanks, but no thanks to potential investors when this board has been slamming STHC (financier) for the past week? It's pretty obvious now that NHMD reads this board.
Can any bull explain why Nate would align himself with other penny companies to help build his brand (WB/EMBR/STHC)?
Well the issue that many have said over and over and that you can watch for yourself is in the PBS video with Sean O' Connor. They were under capitalized. Take that any which way you want, but that's what the video states.
As for him being burned out, That is also stated as fact in his own words. Traveling across country all summer in a Motor home with his brother marketing Batter Blaster. Don't know exactly where you can read that, but do a little digging and you'll probably get the same impression I did.
That is indeed a very good question. Don't most small business startups use capital they have on hand first before taking a loan? I thought Nate was responsible for over $150 million in sales with previously launched food products?
Can someone tell me why STHC is incorporated in Delaware, but only buying and selling properties in Indiana. It smells fishy. None of the properties are viewable from street level either. Lol. It just doesn't sound like a true real estate company to me, let alone a financier.
I believe Nate's pancakes is no doubt a real product and company, but I wish there was just more info on why they went with WB and STHC as their financier?
I believe Sean O' Connor, the previous marketing guy/founder of Batter Blaster may have been burned out. He stated that he traveled some miles across the country getting the word out. He probably made a couple million and said enough was enough, but I suppose that is just speculating.
It's kind of funny that none of those properties can be viewed from street level using Zillow or Google Maps/MapQuest. And why is a company (STHC), that is incorporated in Delaware buying and selling properties in Indiana and only Indiana? Smells a little fishy.
Huh... What? My first post yesterday stated upward trend begins. After a spike to 15-16 cents new bottom WILL NOT BE BELOW 12 CENT. Limited knowledge on charts, but it's my gut feeling. Too much building up here shorties, GET OUT NOW AND GO LONG!
$$$NHMD!!!!!!!!!
Won't actually know until tomorrow's close, but it looks like we will finish around 9 cents today. With a follow through day tomorrow, that I think happens, it's confirmation for me! Bye bye shorties!!!!
TODAY....Chart confirmation at the 50 day moving average IMO. A steady incline or outright rocket ship in the making. I feel momentum building. Anyone else?
Holy Cow! Shorts..... I'd start packing my bags! You had a few decent weeks of profit. If you value your profits, you'd be best leaving NOW! Silence on disrto news is about to break and a chart that has consolidated in healthy respect is about to blow pancake batter in your face!!
This stock is so boring.
That's insane! A month's worth of frozen dinners from nurtisystem is cheaper to ship.
Gosh... You're the typical impatient investor. You pounce on the company and consulting firm when the stock price doesn't go your way for the short term. Nate's and WB have more important things to worry about at the moment than the stupid stock price. Let them work at getting things in place. Shorts and flippers will ALWAYS have days like this. It won't last.
Thanks! I'm not a technical analyst, but that daily looks like a bullish saucer and handle brewing. What do you think?
A daily chart is preferable at this moment than a weekly is what I should have stated. A simple overlook. No need to make fun. So, how's that news prediction today panning out for you?
Thanks for doing the video. Why was is from a weeks or two ago? Can you do another one up to date?
Not good!
Man... How does this stock not take off now? A dividend? Didn't see that coming. And a drastic reduction in the license agreement. Great news!!!
Post some pictures of the pancakes and the batter please! Also, remember to add extra salt to the batter. I hear it doesn't have enough sodium.
STOP BEING SO SCARED!!!!!!!!YOU'RE GIVING INTO THE FEAR!!!!THE NEWS HAS BEEN STELLAR SO FAR!!!!! WHAT ELSE DO YOU WANT!!!!!!