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Ok. I do remember reading what you typed in red but how are you calculating the conversion price and why are you saying this is being discounted between 40-60%?
The amount loaned would be converted to shares at the current share price/asking price. No?
What the heck are you talking about? "Requesting share reserves"? The lender loans out a dollar amount to Nate which then can be converted to shares when they mature upon that happening the lender than has the option to sell or hold any amount at the asking price. Again ... What do you mean by the lender "requesting share reserves"?
It's funny that Wades company is a better investment than NHMD up to this point!
Umm... that is what the 8K stated. Just going by that. Besides, even if they have it all ready by the end of the month, how many more notes would have been converted by then? Also, the 8K never mentioned a PO. A purchase order is the only thing that can save this turd!
What are we around 150 O/S give or take? This can do an easy 40 million more a week if the share price continues to dip. Unreal!
Holy cow! Nate has murdered the share price. A few hundred thousand dollars worth of conversions left and 40 more days until that 60 day 8K release. Sorry to say but this a story book example of how not to run a start up. We'll never get that run to 20 cents after all these notes are converted. There will be 300-500 million shares outstanding or more.
Sticky that prediction
Fitty Cent I mean
The convenience of not having to chill the 2 liter and walk a 100 feet was worth 80 more cents to me. Lol
I just bought a 20oz bottle of Mountain Dew at the grocery store for $1.79 when I could of purchased a 2 liter for $1.29. It just goes to show
Gee, thanks for that super duper old news/spam. LOL
Who cares!! The SEC isn't gonna do squat about it either. Hahahahahaha!!!!!!!!!!!!!!!!
Whoops!! Looks like someone counted their chickens before they hatched. LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It's your hard earned money. I wouldn't be embarrassed at all. Bitching will get you nowhere. Explaining rationally does the job most of the time. Any 5th grader would know that a higher bid needs to be honored before a lower one.
Yeah , I don't know but my local branch is great. I had this happen a few months back and they corrected it in no time.
I just got my bid filled at .004. Left Scottrade a message that my bid wasn't being shown on streaming quotes. I also let them know that some 650,000 share sold below my bid price yesterday. They fixed it two minutes after my phone call. I'd still love to hear their explanation though.
I've had that happen a few months ago as well. I called up Scottrade and asked them what was going on. They gave me the run around and filled my order anyway despite the bid being higher.
You got that right. I had a bid set at .004 and it never got filled. A bunch of BS!
Thanks for reaching out the other day. Sorry I don't have PM. Just saw the message on my phone. Thanks though
Such a shame. Hunger, political corruption, war... This no doubt ranks right up there.
Don't think I will send him any emails. Complaining to you all on this board helps me vent a little. lol
I'm still here for the long haul Bull. In regards to the non gluten free batter, I do remember Nate saying that they have been working on it during the last conference call. As for the flavor extensions, I believe those were at least 18 months away before being grocery ready. So that makes it one year now. That's what I remember.
I could of told Nate months ago that a 24oz. can of pancake batter would never sell for $10. Maybe in Cali, but definitely not in the Midwest. Why he didn't see that as a successful food entrepreneur is a cause for concern IMO.
That's all fine and dandy, but how soon can all these things be completed? New flavors and a non-gluten free product seems like miles away. Does Nate lock in a contract with a retailer if these issues are resolved? That's what I want to know. Another couple months of delays sucks.
Not to burst your bubble, but didn't kiosks and branded stores sound like a good idea as well? What I don't get is the shift away from what worked with Batter Blaster. Weren't those 24oz. cans that grossed over 40 million? It's just the same song and dance it seems. More and more delays/shift in direction.
So much for all the can labels Nate had previously purchased for the 24 oz. can. I wonder how much that will set him back?
Not seeing that 8k. Don't know why?
I sure hope so. I just want this batter in stores already.
Hey Fozz... Why the heck does Nate need to purchase an expensive can for his batter when the product needs to be refrigerated. A shelf stable product is not going to happen where the can would be a necessity.
Bull is on to something. Nate is more obsessed with the can than his great tasting pancake batter. Screw the novelty idea. Nobody cares about squirt cans. It's an old idea. Nothing new. The can costs too much anyway. Increase profit margins by going plastic.
Thanks
Is that the dollar amount for ALL notes?
Lol.. He is taking on the debt along with shareholders. Let's be perfectly accurate. Do you honestly believe Nate stands to come out of this endeavor unscathed if it fails? Would a man who done over $200 million in sales of other products risk his reputation let alone freedom for the purpose of enriching himself through a penny stock scam? Honestly.
The product is good! Better than good! It blows away other products I see on grocery store shelves. The really question is whether Nate can get a PO and if his pancakes can do well enough to pay off these lenders before he and shareholders do? It's definitely not an enrichment scheme.
Batter Blaster failed because of a lack of funding. Nate appears to be on the opposite side of the spectrum here. He's taking on a crap load of debt before he even has a PO. Sean O'Connor said, "Batter Blaster will never IPO". I am very curious why he said that? One has to believe that taking Batter Blaster public was definitely in the discussions between Sean and Nate. Perhaps Sean who worked on the business side of things realized going public meant taking on toxic debt, which would undoubtedly affect share price/market cap. Staying private would of been less risky yet not potentially as rewarding. It's pretty obvious to me that there wasn't a lack of funding but two opposing view points on how it would be done. Sean opted out and Nate agreed to rebrand the name to his own while Sean received a portion of future sales.
And that's what has me worried. $68K here and $55K there. At the current PPS that equates to millions of shares being dumped by lenders. Not to mention this $5 million share purchase by Tarpon that can /will soon take place. What has me most frustrated is that current shareholders are the only ones keeping the price from falling further. Why aren't insiders buying back their company shares at these "ridiculously low prices"?
I'm well aware of the game. I've owned since October 2014. Patience can be a virtue or just outright dumb! Most often the latter when pertaining to penny stocks.
I hope your right bull. I just have a feeling that Nate waited too long to capitalize on investor enthusiasm. These convertible notes are hammering this stock with more to come in 2016. And I'm just not entirely sold that a PO would bring this back to levels I originally bought in for. MM have done a terrific job of manipulation. NHMD would need a flood of new investors for a few weeks after a PO announcement to keep Manipulation at bay. Let's hope for good news soon.
Yeah... Him or inventor is right! What a shame! No new investors!
Tarpon won a lawsuit against RXMD over what I believe was a 1.8 million dollar share purchase. RXMD didn't fare too well after. I hope Nate knows what he's doing with all of these finance companies he's dealing with. Would think with over 200 million of sales in food products that he's managed to sell over the years, he'd be able profit quite a bit of cash to finance this crap himself.