Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NHMD daily price chart appears to show that NHMD has entered the last leg of a Head and Shoulders technical pattern, indicating a high possibility of an extreme drop from here. The Bull Trap that was set today is the last opportunity for market makers to suck in unsophisticated investors.
How much are you down on the block you owned last month? Last year? How are you doing?
Down 50% in the last month. Did you buy yesterday?
I'm in business right now, and I don't lie to my customers and shareholders. I do what I say, and I don't, as Nate's does, make a practice of misleading and deception. I started my business from scratch, and I've never borrowed toxic debt, as Nate's does. And Nate's is counting on you to back them with your pocketbook because that is what this whole thing is about — taking money from you and enriching his real business.
And it doesn't take gray hair to figure this game out.
First, Nate's opened an online store. Then they closed it, citing "In order to facilitate grocery placement, the Company will have to forgo the launch of the internet sales." Then Nate's decided that grocery placement was unprofitable and opted for Wade to run all online sales, according to the June 2016 shareholder meeting. Now, they ditched that effort and have decided that grocery is now back in, despite the fact that they have no deal and no online sales to speak of.
Nate and Wade don't know what the hell they are doing. Isn't it obvious? Run.
Not more sample BS. It's just pancake batter. They've had two years to sample. The numbers don't work. That is where the problem is. The batter probably is so so, but it's not profitable. Run.
The evidence of the Nate-Cake deception is real and overwhelming.
I can find, and have, and shown, among many others, that Nate's is a failure, continues to be a failure, and is deceiving investors and enriching themselves and the gang of Nate.
According to its founder, Batter Blaster went out of business.
The reason given for its defunctness was a lie for the founders to save face, but it definitely went out of business due to a failed business model and inept management.
More specifically, the company was losing money because selling refrigerated pancakes in a can, as it turns out, doesn't make money.
That's why other professional retail food companies aren't doing it. They know how to do simple math and they aren't lying to sell shares.
I wouldn't believe that Nate sold any of those companies for anything. It's probably just more false deceptive press releases.
Besides, if he knows what he's doing, and has so much money from selling companies, then why has he not put any money into Nate's? If he were so successful he wouldn't have to raise money from toxic debt lenders and schlep his crappy shares to unsuspecting amateur investors.
Uhm ... His last pancake company went out of business. Nate is a proven loser.
To bet on Nate is to bet on Wade. Wade is the lead financier for Nate's food, and one of the largest shareholders. He has been the primary mouthpiece for the company since Wade found the shell. Wade and Nate, together, have deceived shareholders with fluffy 8k's and phony dealings.
Don't kid yourself. To deal with Nate is the deal with Wade. Besides Wade's OPMZ companies are lend money to Nate's Food.
They are all in it together.
Nate's business model is flawed because if after a couple years you can't even make one deal, then you're not competent. Besides, the same business model was flawed at $40 million in sales (allegedly).
If the business model was viable, every other large refrigerated retail goods producer would be in the game.
Nate's does not have a patent or any special rights to pancakes in a can. They only have their name and their affiliation to Batter Blaster, a proven failure.
It doesn't help that Nate's management is incompetent and deceptive.
Actually, that's incorrect. They have opened their online store in the past and then shut it down.
They have spent over two years trying to produce a nominal amount of product at a huge loss.
The business model is flawed and the company is deceptive.
Trickery. You mean the online store that never seems to really sell anything except to insiders and then they lied about the sale saying they sold 10,000 cans in 10 minutes. misleading investors. That online store? And then the insider didn't pay for the product for nearly two years and when they finally did it was and accounting ledger column switcheroo instead of real money.
I'm referring to all of the lies and failed promises. Fluffy insinuation to cause poor unsuspecting investors to buy into propositions that aren't real such as China deals, factories that don't exist, cash dividends, The need not to issue shares, and then issues toxic shares. The list goes on.
NHMD has massively tracked down with OPMZ, and they are both run by the same inept stock promoter operators. It is really an awful company that touts a proven failed model.
They have performed terribly, and have racked up huge losses for investors. A delisting can't come too soon.
Save your money. This company is built on deception and trickery.
I agree. NHMD is going deep--underwater.
Sellers are who they bought from. Sellers.
OPMZ is nothing but packaged trash of all the past failures of Joseph Wade--the failed puppet master of NHMD.
It was obvious this stock would fall into worthless obscurity, for it is the sum of its parts, which were individually failures in every way.
I'm very proud of the investors that saw this train wreck before it left the station, and I wish more people would have avoided this wolf in sheep's clothing before losing money, since it was obvious that OPMZ never had a chance.
You mean insiders are withholding information from shareholders? That's okay?
This is probably why Nate's previous pancake company went out of business.
I value facts over conjecture, which is why I'm not long NHMD, and my crystal ball is in the shop. Why ask me, though. BillyBone put together a cogent guess in post 60002. check it out.
None of it matters. This company is a rouge and it's founders are looking for an escape, and unfortunately NHMD longs are it.
Agreed. Massive dilution and Nate's Greater Fool exit strategy. It is interesting how Nate is fooling shareholders right under their noses so that he can siphon millions, while investors are banking on profitless hope.
Don't take my word for it. The original outstanding shares was 61 million and now it is roughly 250 million, about a 400% increase in dilution. That, of course, doesn't take into account the hundreds of millions that will be added by insiders when they convert their preferred shares into common, and any other toxic debt that will be added along the way.
But that is much less relevant than the fact that Nate's business model is a proven failure (part of Nate's track record). Combine that with incompetence and dishonesty and you have a recipe for the now plummeting stock price.
Hello dilution. The dilutive effects of adding shares and the lack of confidence by the investing public is the cause of the plummeting stock price—just as we've been saying all along.
Existing shareholders will probably not change their minds about NHMD. It is their right, I suppose, to deny reality, but I think it is important to inform those who are new to NHMD of the facts why NHMD is such a terrible investment and why Nate and Wade are such terrible leaders and cannot be trusted.
To be long in NHMD is to be short on due diligence.
Nate's has been, for years, saying that they will do this deal and that deal, but where are the deals?
It's just a bunch of hype to attempt to push the price up so that they can make more bad debt deals and bloat the float.
What is for sure is that there are plenty of Nate shares to go around and in the future there will be plenty more.
Uhm, I hate to break the news, but Nate's last company, which sold pancakes in a can, went out of business. Ouch! And the facts are that Nate-cakes destiny is staunchly in the hands of the disbarred attorney, Joseph Wade, whose other company, OPMZ, is an amalgamation of all of other Wade's failures rolled into one. And, by the way, OPMZ has seen its stock price fall from the $1.00 offering price to the current price of $.062, which is a drop of 94% from around this time last year.
Speaking of this time last year, Nate's has seen its share price plummet 60% in one month and 85% in the last year, and the truth is that NHMD has a negative net worth, massive share dilution, massive losses, doesn't file timely reports, and misleads investors with puffy 8k rhetoric.
The facts also have it that J. Wade is loaning Nate's money, and Nate's shareholders are beholden to Mr. Wade by a good amount. And Nate and JoWad finally finagled a way to get that shame-ridden "related party" ruse of a transaction squared, except now Nateholders owe Wade money. The original fake "10,000 cans sold in 10 minutes" is now on the books as a profit, even though Wade said he gave the cans away. Yeah, this can hardly be believed and does sort of discredit Nate and Wade.
Nate's track record of going out of business and Wade's track record of scorching every investor in every company he has promoted is far from "legit and has a successful track record".
Smart money will never be on anything affiliated with Nate or Wade.
I agree, OPMZ has fizzled because it never had any sizzle to begin with. IT was the same kind of souless company that NHMD is. And if were talking about the right company (NHMD - Nate's Food), then I wouldn't classify a one month price drop of 60% and a one year price drop of 85% as "doing great". Besides, the company has bloated and diluted their outstanding shares by over a $100 million shares, and a negative net worth and negative working capital, not to mention they can't file SEC filings on time. And those pathetic hype 8k's.
It would probably be more admirable to take your kid to the ball park with what's left. At least some fun can be had.
I smell rotten security certificates lying in the trash heap of bankruptcy.
The only persons getting anything are the lien holders. Everyone else has already lost everything in this company, it's just that some don't know it yet, or don't want to admit it.
I doubt there will be any real "equity committee". And what is the definition of a strong equity committee?
This thing will wind up with an equity cancellation and re-issuance, which is the only thing on the table. Equity holders are not bringing additional capital to the table as are the lien holders.
Current equity holders will have their stock cancelled and new stock will be issued to current lien holders.
It wasn't predictable. It was predicted--from day one.
It amazes me how so many investors got sucked into 1PM after watching the same management crater so many other companies, including the stepchild, NHMD.
Yes. Anyone left holding WRESQ would qualify. Also, anyone still holding FWMHQ.
"All of Fairway’s outstanding shares of common stock will be cancelled pursuant to the Plan with no distribution to the holders thereof."
Amazingly, there is still a bid in FWMHQ. Why do you think that is? Totally misguided and confused gamblers are the "Greater Fools" that are propping up trash with good money.
It is those who do not or cannot understand what words mean whom are destined to have what they have taken from them and given to those that understand simple words and heed them.
It's called The Greater Fool Theory, lending to the idea that there exists many who are not sophisticated enough to understand or believe, in this case, what was put into writing by the company.
Some people believe this stock must be a good value because it is now much cheaper than it was even though it actual has no intrinsic value.
Others believe that they can buy it cheap and hope that it gets hyped so that they can sell it to someone else who is "a greater fool'" or a less sophisticated person.
It is similar to a pyramid scheme where people are only selling the idea of selling instead of offering something of value.
Another way to look at it is, say you purchased a new home in Florida for $1 million before the 2008 market crash. And let's say that after the crash it was worth $500,000. In the process, you lose your job and you can no longer pay your mortgage payments. Now the bank is going to take possession of your home and sell it to recoup some of their losses.
In this case, you can consider yourself the shareholder of your home and the bank is the secured lienholder. The bank has to go before a court and ask the court to foreclose on your property. Once the judge sees that you haven't made your payments and that your home is worth less than what you owe, the court will foreclose on your home. You will lose any equity that you paid in that was subsequently erased by the market decline. You have nothing, and the senior lienholder, the bank, takes what's left.
It's simple really.
Warren has $230 million in assets and $545 million in debt. Those two other extremely rare outlier companies you mentioned had positive equity.
Warren is extremely under water and the new majority equity holder is contributing an additional $150 million to further capitalize the company. They are doing so in return for 82.5% of the company. The additional 17.5% is going to the second tier lien holder that is owned over $100 million.
Common holders are not contributing anything. The common shareholders merely owned a company that had negative equity then and they have negative equity now, which is why the judge will approve the plan set forth by the company, without any thought to the common shareholders. The existing common stock will be cancelled and the formality of showing that the company is already worthless will be done at the stroke of the judge's pen.
Furthermore, giving anyone false hope that there may be any chance of common shareholders of ultimately taking part in a restructuring is a disservice to those who cannot see that this stock has no residual value and in trading profits can only be credited to the greater fool theory.
This stock will be cancelled upon bankruptcy approval of the reorganization plan. The only reversal here will be a reversal of fortune to the downside for anyone left holding this stock.
Warren Resources Filed for Chapter 11 Bankruptcy. Under the agreement with debt holders, all equity will be transferred to existing debt holders. If approved by the bankruptcy court, existing common stock holders will see their stock cancelled and rendered worthless.
According to the SEC website, the "Q" at the end of the ticker, or in this case "WRESQ", means, in most cases, when a company emerges from bankruptcy, the reorganization plan will cancel the existing equity stock and the old shares will be worthless.
If you now understand what this means, and you understand the proposed restructuring agreement, then the odds are that any stock purchased in WRESQ will most likely be worthless as soon as the restructuring agreement is approved by the bankruptcy court.
Most of the time, common shareholders are left out of a bankruptcy reorganization and they lose their entire investment.
The only support are those investors that don't understand how this works.
The company restructuring agreement provides that 100% of the equity is to go to debt holders. Existing common will be cancelled and new stock will be issued to debt holders.
The only reason the stock is trading at all is because the restructuring hasn't been completed, but once it is all existing common will be cancelled and rendered worthless with one key stroke.
There is no chance and no hope for this common.
Good news will not help the holders of WRESQ. The stock is soon to be cancelled and worthless. If you own it, sell now to recoup any value left.
The odds are 1:1 or a 100% chance that current common holders will get nothing because the stock will be cancelled. The reason the stock is not zero now is because its worthlessness has not yet been reflected in the common stock price due to the fact that uneducated investors don't understand how the process of cancelling and reissuing new stock works.
If you will read the restructuring agreement, which will be approved by the judge, then you will realize that first and second tier lien holders are getting 100% of the new equity and all other existing common holders' stock will be cancelled.
The only reason WRESQ is currently still trading is because the bankruptcy is not yet approved. Once it is, the stock will be cancelled and will be worthless. Anyone holding the stock at that time will have nothing. Then the company will issue a new security with a new CUSIP, which will not be the same as the old stock, and then the new common holders will own all of the equity, which they can choose to sell in the open market to attempt to recoup their investment.
The only reason that the stock is still trading above zero is because uneducated investors are not aware of how this works and believe that something miraculous will happen and the stock will go up. As more people realize that the stock will be cancelled and become worthless, the lower the stock will go toward zero until the day the stock is completely cancelled.
I hate to see when people post things like "good luck" because they don't realize that this is already a fait accompli, or already finished.
If you own this stock, sell now because it is better to get something rather than nothing, and if you are thinking of buying this stock and you are not educated on how this works, let this be a lesson and do not buy this stock, for it is already worthless, you just don't know it yet.
What a piece of crap like NHMD. wasn't this just $.50. What a complete and total scam, just like NHMD. Same shady folks running this deal as is Nate's.