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I'm sad for all of the people who were scammed by Nate's.
Marshall Dave, the NHMD scam was obvious three years ago when every NHND press release was replete with obvious deception and failed promises.
Shareholders have every right to bring an action against the company. Unfortunately, the company has no money to repay aggrieved shareholders.
New secret deals on NHMD. Nate will finally make NHMD successful. Lol.
How refreshing to come back to NHMD board to see that nothing has changed, other than the stock hitting trips as so many predicted. Still no deals and lots of wasted hope.
Tomorrow is Nate's Scams Investors Day. No, wait, that was the last three years. What a scam stock. Just a bunch of BS lies.
The real opportunity is on the ask.
Only Sellers such as Nate, market makers, and Nate's toxic debt buddies make out on this deal.
This has been a three-year long scam fraught with mistruths and deception.
Nate is slowly setting this up to dilute current stockholders in favor of employees, which which includes him and his comrades.
At best, this rises just above the level of scam and should be classified as an inept management who deceives investors.
Now, the lack of liquidity strands the poor deceived investor on Nate's island of deception forever wishing he could find a way out.
This stock is a bust.
Almost everything
It is clear that investors in NHMD are being scammed.
See how the MM's are taking massive amounts of toxic stock on the bid and then punking it out to retail buyers. Small time traders are buying toxic stock and taking it in the shorts by the middle man, right after taking it from Nate and his cronies. Then they have to watch the stock go down day after day. How bad can it get?
NOTICE: Nate's Food 8-K's are chocked full of deceptions and hopeless pie in the sky chatter.
It is easy to go back and show how Nate's has lied to and deceived investors.
* 25,000 can lie
* 10,000 can order deception and lie
* Building an Indiana factory lie
* China lie
* Canada and 25 other countries lie
* Starting production lie
* David Baron on the board lie
* Kiosk branded store lie
* Multiple flavors and syrups lie
* Cash dividend lie
* Non-dilutive financing lie
* No need to sell stock lie
* No need to raise money lie
* Forgot to tell investors about terminating material agreement with 1PM
* Gave the cans away lie
* Demand for product lies
* Discussing grocer placement - either lie or total incompetence
I could go on, but does it really matter? These guys are the worst.
The nonsense of a scam is easy to spot. It's because distribution center here and distribution center there sounds impressive, even though it's false.
That is why it is easy to spot because no distribution is required when you don't have any sales.
This company is a scam, and they are ripping off investors.
Just because they haven't been sued, doesn't mean they aren't doing anything wrong. Bernie Madoff wasn't sued before he was caught.
Besides, the facts are are there and easy to find. Even the disbarred attorney, Joseph Wade, reported it on an 8K. What does that say about Nate's?
And what does that say about Nate's judgement when they chose an online distributor that terminated the agreement with Nate's, but also went into competition with Nate's?
And this guy is still owed a lot of money by Nate's.
Nate's conveniently forgot to timely report to investors that their online distributor terminated the agreement to sell Nate's products and that they were competing with Nate head-to-head with their own pancake product.
If 8-K's are so important to tell lies, why didn't they announce in an 8-K the truth for once. Aren't they required to report material events through 8-K's? What's the termination of their only sales channel available at the time not a material event?
This company is deceptive and is scamming Investors.
I read the filings, and the February 25, 2016 8-K said 25,000 cans "are being shipped and should be delivered to ABCO Labs on Monday, February 29, 2016. ABCO Labs will immediately begin production on receipt of the cans." It also says Nate's " anticipates that the initial production run will sell out within the first 30 days."
So, that was 8 months ago and now Nate's is announcing an "arrangement" with a producer and is still in small batch processing with larger processors by year end?
Do they think we are stupid?
According to Nate's, the 25,000 cans should have sold out six months ago. The only cans sold in all of fiscal year 2016 was a scam sale to the disbarred attorney Joseph Wade, who lied and said he gave the cans away, only to find out he supposedly received them at a later date. Nate's lied to investors and gave a false picture of demand, which there was none in FY 2016.
It is the same kind of lying when they say that there is demand from grocers that sold the failed Batter Blaster products. It is the same kind of lie when they said the Batter Blaster failed due to high demand but no money.
When are we going to wake up and see that this is like the movie Groundhog Day? It is an infinite loop of BS. This thing is a scam. Nate's is a lying machine. They don't produce anything except lies. It is a big joke on the backs of small investors and they should be de-listed.
In the February 24, 2016 8-K, Nate's said that February 29, 2016 was when the 25,000 cans will be shipped to ABCO Labs and that ABCO Labs "will immediately begin production on receipt of the cans." They also said "anticipates that the initial production run will sell out within the first 30 days."
So, that was eight months ago. And now they're talking about interest from grocery retailers when they were supposed of been sold out of 25,000 cans eight months ago?
They've been talking about this since 2014. When are people going to wake up and realize that this is like the movie Groundhog Day. They don't ever go anywhere it's a perpetual loop of lies. It is a scam people.
Scam 8k. What does it mean that the company entered into an arrangement with one of California's largest aerosol producers? What does that mean? Supposedly they already have equipment installed and the guy is on their board. What arrangement? What the heck? This is the kind of hype crap that made them lose credibility.
And "Preliminary testing is completed and small batch production has now begun". I thought that was already done. Why the hype talk?
I'm so glad this thing is going down the tubes. What a piece of crap.
"$.0036 will print tomorrow... NHMD"
Did you mean $.0026?
Yes!
They lied openly to investors to hoodwink them into propping up Nate's toxic debt stock. They didn't even do it in the woods.
I'm positive your bid will fill, and It's true that Nate's has deceived investors and is banking on his shares when investors are supposedly holding strong.
"Know what you own". I guess Nate doesn't know what he owns or he wouldn't be selling it.
And someone should hold Nate's accountable for all of the lies and deception.
Yeah, make good decisions like Nate did when he sold millions of his personal shares a couple of months ago, right before the stock plummeted over 60%. Your "officer" is selling shares on the backs of his investors. Why should he "bank" from lies and deceptions? If I were a shareholder, I wouldn't put up with it. Nate should have to answer to investors, not profit from their stupidity.
Yeah, Nate. How bout addressing concerns about the 10,000 order lie and all of the other lies told in the bogus press releases? Investors' patience have run thin. They are starting to realize that all of the failed promises are a ploy for you, other directors, and toxic debt pals to use investors to blow out of the stock.
We want answers. No more lies. No more bogus press releases. No more failed promises. Investors want their money back.
NHMD lies are why the stock is down. Investors aren't fooled by Nate's repeated deceptions to shareholders. Every move they make is another deception to add to the long list.
What happened to the kiosk concept? What happened to shipping to "Canada and 25 other countries?" What happened to Gourmet Syrup line and other flavors? What happened to non-dilutive financing? What happened to cash dividend policy to shareholders? What happened to China? What happened to millions of cans? What happened to Fashion Island? What happened to the 10,000 can sale? What happened to grocery story placement? What happened to the one minute omelet?
Just about every new press release is just a lie to deceive investors to pump up the stock so that investors can prop up the toxic debt stock hitting the market.
Not to mention the obvious and documented outright lie by Nate Steck and Joseph Wade who had said that 10,000 cans sold in 20 minutes and that they would be starting a second round of sales to handle the high demand. Of course, all of it was a lie. Money was received by Wade and the cans weren't delivered until over a year later, even though, Wade had already said he received the cans and gave them away. It was a farce, just as is the rest of this house of cards called Nate's.
Sales aren't year round, they are almost never.
According to the 2016 10-K, the only sales that Nate's had during all of 2016 fiscal year were the fake 10,000 cans sold to Joseph Wade in 2014. According to the 10-K, the cans were paid for but were not delivered until 2016, meaning it took over a year to deliver the product.
Mr. Wade said in a previous shareholder meeting that he received the cans, and when asked what he did with the cans he said I think I gave them away or something, meaning that not one can was actually sold to the public. It also means that Mr. Steck and Mr. Wade both lied to shareholders. Either they lied in the 10-K or they lied in press releases and shareholder meetings. Either way, they lied. Mr. Wade said that he gave cans away and Mr. Steck announced in a November 21, 2016 press release "that it has begun shipping orders that were purchased this week." They couldn't deliver or give something away that was not yet delivered until a year later. What they both said were lies.
Of course, the lies did not stop there. Nate's has been caught in a stream of lies and deceptions since then. Mr. Wade through his company Southcorp was supposed to supply $3,000,000 non-dilutive financing to Nate's. Of course, that never happened. What did happen was the onslaught of highly dilutive toxic debt financing that bloated the ownership structure by over three times its original size, wiping out shareholder value.
The list of lies and deceptions by Nate and his pals can be found in plain site and described and illuminated clearly by members on the NHMD board.
Nate's stock price torpedoed by scared investors and toxic debt junkies.
Don't you remember Nate saying that retail was unprofitable and and then reversing strategy and saying online sales was never a real strategy it was just to sample the market? I do. This company suffers from three things:
1. Unprofitable business model
2. Lack of direction
3. Inept management
I can't help myself ...
4. Massive dilution
5. Dishonest management
6. Conflicts of interest
7. No deal confidence
8. No money
9. Ties with failing and crooked companies
10. A stream of inaccurate and misleading 8k's.
... 11., 12. And the list goes on.
Don't buy this stock.
The problem with that line of reasoning is that it doesn't take into account that Nate's has no sales and no deals and that they need money to continue. I would say continue operating but they really don't do anything.
Nate's has no cash, so how did they pay off these loans? Of course, since they have no sales, they had to borrow it from someone. What does that someone get in return? Tens of millions of shares of super cheap, dilution enriched shares to further pummel the already weak market in Nate's.
Nate, the founder, has never put any money into the company because he doesn't have any money. That is why he needs toxic get issuers to give him his fix.
This cycle of massive, toxic debt issuance will continue in one form or another, along with this pump and dump scheme of keeping a floor on the stock price so that Nate's toxic dad pals can blow the market out with shares they own at 50% of the current price, while all of the ten or so shareholders support the madness.
Shorts don't need to succeed, Nate's is doing it for them. He is giving away shares and when he does, it lowers the value of your shares. This company is a stupid buy. When these shares are sold, Nate will replace them with other shares to other eager toxic debt players, and at a 50% discount to the market.
Look, I can understand raising money for a purpose, but Nate's, the company and the model, is incompetent and failing, just as Batter Blaster did, and Nate's has nothing to show for the squandered money and massive share dilution.
No sales. No deals. Nothing.
Nate's lost over 25% of its value today. No need to be scared, just realize that diluting the stock causes your shares to be less valuable.
All Nate did was transfer the debt to the backs of shareholders by diluting their stock by 10 million shares. They didn't pay off anything, they only hurt shareholders.
So now we know who is dumping shares. Nate's issued Typenex nearly 11 million shares at 50% of the market price. What don't investors understand about toxic debt?
Of course Nate's didn't file on time. They have never filed anything on time, which is why every loan they had was in default, along with every other promise. Default, which is why there is no confidence in Nate's incompetent management.
Remember the big run from $.18 to $.005
Real update:
Debt obligations:
Typenex - Loan in default
EMA - Loan in default
BOU Trust- Loan in default
Fourth Man - Loan in default
Tarpon Bay - Loan in default
WB Partners - Loan in default
Filing Obligations:
Late 10Q
Late 10K
Failed to file Form 4
Failed to file Beneficial Interest form
8K Obligation promise failures:
Equipment not in use
No cash dividends
No china agreement
No retail kiosks
No production
No sales (other than fictitious inside deal)
No Indiana factory
No supermarket deals
No millions of cans
No independent board of director
No extra flavors
"No need to raise additional money lie."
Building our own factory lie
Tripled outstanding shares
Toxic debt issuance
Joseph Wade controls company through debt.
Licensing agreement conflict of interest enriching Nate.
This company has weaved a web of lies, which is why there are only 26 shareholders, most of which are insiders and toxic debt holders, leaving only a handful of unsophisticates who bought into Nate's lies. Do not buy this stock.
Is this some kind of joke? Why would anyone in their right mind believe that a retail location could survive selling aerosol pancakes?
It's also no surprise that David Baron didn't actually join the board. He probably doesn't even know that he is in the 8k.
And what happened to all of the build up and hype of 2 million cans this and commitment that? The only sales of any significance were the first fake "10,000 cans in 10 minutes" order that were supposedly delivered this year to Joseph Wade. First Wade said that he gave the cans away, and now the 10k said they just delivered them this year. The whole thing is a bunch of lies. The SEC should sanction Nate's and shut Nate's down. This is despicable.
Also, why would anyone believe that any 8K's issued by this company are true? Most of their 8k's have been outright lies. The problem is that they get caught in their lies so often that sophisticated investors know better than to be hoodwinked by them.
I feel a little icky checking back in on Nate's because it is such a scam, and I feel sorry for the unsophisticants that are gullible enough to be taken by these snake oil salesmen. Don't buy this stock.
China hasn't gone anywhere. China was never there to begin with. The fallacious scheme was created to trick stupid people into buying NHMD, right before it surrendered to an epic market meltdown, scattering the hopes of fools and exposing their folly.
Most of the value of trading in NHMD was at higher levels, ensuring that most people lost money, unless we're talking about Nate, Wade, toxic debt holders, and the inside gang. Almost everyone else who has touched this tainted stock has lost money, and almost 100% of everyone who bought OPMZ has lost money. That fact is not debatable nor can be refuted.
Tell that to all of the people that were deceived by Nate's who bought before it dropped 90%.
I doubt it, that you banked anything, and you are probably like the other timid holders of NHMD who continue to watch the deception erode the value of their holding.
Well, it's true. Your skepticism has been honed by the fact that you deal in companies that are always lying to the public. You come by it honestly, so I don't fault you too much.
NHMD was presented to me by a friend, and once I saw what a piece of crap it and the other Wade affiliated companies were, and how they deceived the public, I've made it my hobby to get the word out.
I do trade and invest, just not in this market.
Scam Alert!!! OPMZ is an amalgamation of failing companies. NHMD is another company that is affiliated with the founder of OPMZ. These two companies should be avoided as an investment.
The above statement is my opinion only and should not be construed as me giving investment advice.
I have not traded in this or any other Wade affiliated companies. I certainly wouldn't consider any of these scams investments, but some people do, and for those people, they should know the truth of what they are looking in to.
Then you will love this one!
As you know, when OPMZ no longer trades, investors lose, an indeed they already have lost.
The greater fool phenomenon provides opportunity for bottom scrapers to catch a fool's bounce to offload some junk to the greater fool.
I wish you the best.
In the simplest of terms, What a scam! meaning that the shameless promoter of this amalgamation of failed companies has once again duped countless unsophisticated investors through baseless hype and deception.
OPMZ, which, under the disbarred attorney, Joseph Wade, has dropped from $1.00 to $.03 in lightning fast fashion has caused losses for those
hopeiphiles who can't see a scam when it is staring them in the face.
What a scam!
Nice! Sell now while you have the chance. You don't want to be crying in your pancakes when this thing goes silent.
This is an especially good time to sell from a technical perspective due to the ominous head-and-shoulders technical pattern that portends a huge drop back down to the trips area.
New York calls it a dead-cat-bounce.