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Batter Blaster went out of business because they didn't make enough money to keep the doors open not because they wanted to revamp product.
Batter Blaster and now Nate's is a proven loser.
The SEC imposed filing deadline missed is real and relevant, not Nate's trumped up resume.
What Nate's had shown is the ability to miss the mark on objectives, promises, and deadlines.
I agree. History does repeat itself, which is why Nate's will go out of business, just as Batter Blaster did.
We already seen signs of this.
The company has violated SEC rules once again by not filing their 10-Q on time and now they haven't filed the NT-10Q on time, which means that they're late filing the late notice.
Not filing the quarterly report or the late notice is a huge red flag and failure to file a required SEC report on time constitutes a violation of Section 13(a) of the Exchange Act and the SEC could institute an administrative proceeding against Nate's, among other things, and could seek revocation of the company’s registration under the Exchange Act.
Therefore, the company is currently violating SEC rules, which is not a huge surprise because they are involved with people that are known for breaking the law.
Besides breaking federal laws, they don't have a product for sale or any announcements of deals or customers.
The company is burning through thousands of dollars a day and raising that money through toxic death shares.
The company is on borrowed time and not filing a late notice could just be the wave good bye for a bad company with a bad idea.
Unfortunately, those hanging on will be taken down with the whole mess.
Nate's, in violation of SEC laws, has neglected to file the 10Q on time--again. We should see the NT 10-Q filed today, which will buy them 5 more days.
What will we see in the 10-Q, if there is one?
We will definitely see that Nate's likes to call themselves "the company" and they will probably ambiguously refer to someone as "our shareholder," when talking about the person they borrowed money from, who they don't want to name. There will be lots of dilution, and of course Nate will decide not to allow Nate's to buy, from himself, the intellectual property for Nate-Cakes, but will instead continue to enrich himself with exorbitant fees at the expense of shareholders.
Then company will definitely loose a lot of money and will basically have no prospects. The abysmal 10-Q will ramble on how Nate's doesn't have enough money to continue operating over the next few months.
Of course what we will see is an early Christmas for toxic death shareholders and lots more dilution.
What a wonderful story the 10-Q will tell, if it ever arrives.
Oh! Preferred shares. Why didn't you just say so. Yeah, those are the ones that are unrestricted and will be flooding the market, just as we've been saying for the last year or so.
In addition, the forward split shares will also be flooding the market and diluting new shareholders - to oblivion.
And of course there is the daily barrage, like artillery fire, of toxic death shares being hurled at retail investors, like grenades, forcing them to see that Nate's is nothing more than a toxic death share factory, pumping out millions of shares of dilution on a daily basis.
And then there are the hopefuls, the lone holdouts that actually think that Nate's has a product and a business.
It's hard to tell whether Nate's has produced more toxic death shares or more inaccurate 8k's and failed promises. Of course, let's not leave out t-shirts. They definitely sold a dozen or so of those.
The share price is really backing you up on that one. LOL.
Nate's toxic death shares are reserved at ultracheap prices for non-retail investors, but I'm not sure what you mean about a reserve for p-shares. I don't even know what p-shares are. What I do know is that if investors know how to read the filings, then they know that Nate's is taking retail investors for a trip to the poor house.
Let's review from the filings:
* The forward split shares are locked up for a few more months and then will flood the market with over 100 millions new shares.
* Nate's insiders will also flood the market with unrestricted shares held by Nate, Wade, and the rest of the gang.
* There is a 500,000,000 share bucket available to dilute current and new shareholders.
* There isn't a product available for sale to anyone.
* 8k lies are now written in the history books.
Shall I go on?
Any new investors misguided enough to purchase Nate's toxic debt shares should think twice, especially with the 100 million or so restricted forward split "dividend" shares that will be flooding the common share market in a few months, along with the now unrestricted insider shares. The effects of surmounting dilution will push the stock underwater until it can no longer breathe under the sea of shares piling up daily.
The fact that there isn't a product for sale or any deals, as promised, makes the situation that much more dire.
But that's impossible! How can there be 250 mil O/S since there hasn't been any dilution in the stock? LOL.
It's inexcusable that Nate's doesn't even have a product for sale online, for their most committed customers. Perhaps they were shut down or don't have the proper approvals to even sell a few cans online.
The days of making false promises are over. People don't believe the lies anymore. They don't even have a business selling anything except for toxic death shares.
It's done.
People wanting Nate's pancakes doesn't really line up with reality.
No products. No deals. Only highly dilutive toxic debt shares.
Stock is trading at a 52-week low.
It's funny. No one wants the product, but everyone wants toxic debt shares.
They want to sell them and they want to buy them. It is a very successful business for Nate and his pals. Just not for shareholders.
Even the few members of the Nate's fan club are shut out from buying a product that no one else wants.
The only real sale of any effect was a fictitious sale to an insider and largest shareholder of Nate's, and they never were paid for that.
This is why the whole company is a joke and a sham. It's a toxic debt machine pumping out tens of millions of ultracheap, convertible, incredibly diluted shares that are being sold to unsuspecting retail shareholders.
If the company ever had any real chance, they would've had a deal by now, not some fictitious ruse.
I agree. Let's not cloud the topic. Let's be clear, people tried Nate's and nobody wants it. No deals. No product. What they do want is Nate's ultracheap toxic debt stock to sell to retail shareholders.
After the first sales of the iPhone the stock ran to $260. After the first sales of Nate's, the stock plummets amid transparent hyping and ominous associations with scammers. Yes. Let us be clear.
The iPhone is always available to purchase in some form. Nate's doesn't have a product to sell to anyone. What Nate's does sell really well is toxic debt to insiders, at the expense of shareholders.
No product. No buyers (outside of the Nate's fan club.)
Check out the 8-k's. They describe what business is going on a Nate's. No product deals just more toxic debt deals.
Even if they had a product, the cost and price point is too high to have any success. The company will continue to lose millions until investors are drained of any confidence and money.
Besides, I took you for an android user.
Nate's pancakes can't be compared to anything because they don't exist. People can't buy them.
The company is a big pump and dump scheme for toxic financiers to bilk retail investors for millions.
That is why the stock is sub penny and at 52 week lows. It's really sad.
Perhaps, purchasing WRES post restructuring is the way to go.
The spike in March was a reaction to an extreme drop.
Price is $.1369
Given that WRES has to be restructured to the satisfaction of lien holders and unsecured note holders, isn't fairly certain that common shareholders will be wiped out? If WRES voluntarily files for bankruptcy, common shareholders will likely be left out, and if they don't, lien holders will take everything, wiping out the common. I don't see a path forward for the common shares. Am I missing something?
Just like NHMD, OPM holders are getting sucked dry by shameless promoting of a worthless stock that will draw in unsuspecting investors, take their money, and then will slide into a deep, dark chasm. It is sad to watch.
Wow, I'm amazed at how much dilution has happened since last checking in. Falling PPS, no deals, no real news. Looks like a slow death for Nate's. Of course, I didn't expect anything more from Wade and Nate.
The China deal was a deception and at best another tale in a long line of BS put out by Nate's to pump up the stock. It's common place in these kinds of companies. That's why the stock has dropped so much since then.
The market is a pretty good lie detector.
Yeah, "the Company" has been unsatisfactorily trying to prop up NHMD stock with fanciful stories of humongous forthcoming production and make-believe international global expansion plans for the Nate's pancake empire that really amounts to no more than a profitless hobby at the expense of other's bank accounts.
It's snake oil and sleight of hand in the pink sheet world.
The problem is that if Nate's does announce a purchase order, no one knows whether it's real or not. The last big purchase order they supposedly had was a farce. They concocted a story that turned out to be a phantom order that never materialized, and they got caught red-handed, by their own admission.
If the stock makes any kind of move based on deception, I don't count that as a win because the same suckers who buy into the deception get caught in the downdraft when the lies become transparent.
The company has already showed who they are, so no one has to apologize for pointing out the truth and the facts. The ones apologizing should be Nate's management for dropping this toxic bomb on unwary investors.
If I can do my part to warn new investors of the hopelessness of NHMD, then it's worth spending a little of my time to help someone else. It's what I do.
The current DD is that after all the deceptions and failed promises by Nate's, "the company" still doesn't have a real purchase order, just more hype and stupid 8k's.
They're desperate enough to release an 8k about cans and labels but not release an 8k about a purchase order? Of course they don't have one. "The company" realizes that if they sell product, they will lose money, and retailers know that they can't sell aerosol cakes for ten bucks a can.
This thing was a no go from day one, just like Nate's failed Batter Blaster, which, again, is why the stock has dropped 99%. That is real DD, not the hopeless hype propaganda that I'm hearing.
Nate and Wade release small and insignificant hyped 8k's. Of course they would announce a purchase order. That's what desperate little on their way out companies do. And why would I want to invest in a company that has screwed every investor through inept management, which resulted in a 99% share price drop? I'm too smart for that.
What a great strategy. Produce 25,000 cans of a product that you don't have a commitment or purchase order for.
Reminds me of the bogus 10,000 share order that Nate gave to Wade in exchange for a bad debt that Wade has never paid, and then, supposedly, Wade gave the cans away. Sounds like a real winner of a company.
NHMD management contains a bunch of losers that tanked the stock. Stay away from this stock if you value money.
Slapping the NHMD ask has led to massive losses for unwitting shareholders.
It is abundantly clear why this thing has dropped 99%.
I wish I could understand from where that logic flows. Shouldn't I be glad I missed a ride on the Titanic?
I didn't get in. Too smart for that. It would apply to 99% of shareholders and the rest are liars.
I think they've done a pretty good job, seeing that this pathetic little ticker is down 99%. Give them a chance. They will sink this junk penny stock before you know it.
So market makers are buying NHMD stock from the toxics and then selling it to retail wet bags. I wish I was a market maker. What a setup. Retail wetbaggers will then be stuck with more worthless stock. Just when it looks like no one would be willing to buy junk stock, someone steps up and buys some more, while enriching market makers and toxic debt holders, only to watch their holdings further decline.
Don't beat yourself up. Nate and Wade played a lot of people for fools. Live and learn.
Yes. According to the only records we have, Wade is the single largest common shareholder of NHMD.
And according to those records, Nate's owes Wade money for equipment and loans.
Yeah. They're buddies.
Why would any level headed investor believe that the company will start telling the truth and delivering on promises?
There will be some feeble attempt by "the company" to create a faux purchase order through Wade-1PM-Southcorp, etc that will turn out just like the deceptive 10,000 can order that still sits on the NHMD books that Wade never paid for, and when Wade was asked, in the June shareholder meeting, where the cans went, he said he gave them away.
These guys are not competent to lead or manage.
What happens is, some poor schmuck of an investor will believe that there really is a purchase order and buy the stock, getting sucked into the Wade vortex, then the toxics will pop out of a few more shares, while this things slides further into the mud.
No. Not opinions. Only facts.
No spin here. It's all toxic. Nate's has sold out shareholders for loan shark style toxic debt that has grossly and tragically diluted current shareholders down to absurd levels, and management ineptness has finished shareholders off.
Yeah, and what sucks is that shareholders knew that it was going on and didn't believe it.
It's true. The only 8k's of recent are massively dilutive toxic debt financing, selling NHMD shareholders down the river.
Checked the 8k. Nate's never received $3 mil non dilutive financing. It was just a lie to pump of the stock.
Can't we all agree on that now?
Doesn't the tragic and horrific NHMD price implosion prove that?
The $5 million non-dilutive financing was a lie. It never happened. Just like the China deal was a lie, and the 10,000 can order was a lie, and the Indiana factory was a lie, and the purchase orders were a lie, and the kiosks were a lie, and the online deal was a lie, and the ...
Get the picture? No financing. No money. No deals. Just hype, and pump and dump. And, of course, toxic debt, and a 99% loss.
Here's how it plays out. NHMD price is too low to attract new capital--even from toxic debt holders. Those guys are only so shady and crooked. Nobody wants to stoop to near trips to try and suck money from beaten down, illiquid Nate addicts.
Nate's delists from OTC, citing insufficient capital to go forward.
The stock is buried in low trips for eternity. Every investor loses money and Nate goes back to making meatballs, while Wade moves on to the next scam.
A few years later, Nate tries to take another worthless POS of a company public, selling freeze dried pasta.
Nate's never had a chance. It is just like now defunct Batter Blaster.
Nate's admitted and foretold all of this when he said that retail is not profitable. Don't believe it? Go back and listen to the June shareholder meeting when he and Wade were trying to push kiosks.
This thing is truly pathetic.