"Before you embark on a journey of revenge, dig two graves" -
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$NHYF - There is a lender (GCF) who is willing to take shares in return for their cash at a 9% discount to the average of the previous 5 days.
I guess the question is this, would you do the same? Would you take shares at a 9% discount to what you paid?
You wouldn't, because you would want more and so does Global Corporate Finance. (Sea World investors excluded, i.e. flippers)
This is going higher. imo
The company indicated in this tweet; We’ve now registered Synbio International Inc with the authorities in Florida. Just waiting on FINRA to approve the new ticker before using our new name. New name, new funding, new business.
AND more importantly this one: The audits for 2022 and 2023 have now been finalized. This enables us to access funding, which will trigger a cascade of operational activities that we have been eagerly planning for some time.
The statement that "This enables us to access funding" is the key statement from yesterday. They can't access the $5mil draw without this happening.
I picked up some $60 of those dumps...but in each case they dumped below me leaving my order intact.
Someone is getting fed some shares. imo
Enough hints so far to say, this isn't a "penny" deal. IMO
Then tell me how this one is bad...
The dilution has two descriptions: (I'll keep it simple) 1) good and 2) bad (excuse my sarcasm)
In your original statement, you said: "I've never heard anyone say or think dilution is a good deal"
Apple, Google, Nvidia, Microsoft, Amazon, Meta...ALL DILUTE their stock. But the purpose of the dilution is what matters. Their stocks don't crumble if the investors/shareholders believe the "dilution" will be good for the company and subsequently for the stock they own.
I think the "dilution" to NHYF (SYNBIO) will be good for the company and for us. They can't walk into any bank with no revenues and get a loan. Global has bought into their business plan and are willing to lend at 9% discount for stock!! Not for money and that's a pretty big vote in my opinion.
I think that this is the first time, in our CEO's life that he's had to deal with Audited Statements, in the US. Every CEO I've met over the last 4 decades has said that's it's unlike any experience. First you get "Auditors" who have been certified by the SEC to perform Audits on Publicly held companies. You can't go to H&R Block, you have to go to someone who has been tested and certified to do these and comply with SEC requirements.
When they are done, you have to send it to your Corporate Attorney (also certified to handle Public Companies) who understands the requirements. Then if you have Board Members they also have to sign off on it. If any of the parties has a question, the process starts all over again. The first Audited Statements are killers. You have a company which was dead for 8+ years and everyone is really careful to make sure that there are no surprises.
Subsequent Audited Statements will get easier, the first ones are a pain. I left out OTC Mkts, they will review the Statements with a fine toothcomb, NO ONE in this process wants to find out later, that they overlooked something.
The company said they are on the verge of being able to file these. That was a month ago, all that tells us is that they are new to this and like everyone before them, they will learn from this experience. Patience is required.
I think that filing with the SOState for a name change, indicates we are closer. The Steps for a Name Change are:
1. File a name amendment with the state of incorporation
2. Notify the IRS
3. Update permits and licenses
The SEC/Finra accepts that the Licensor of the Business Permit (the State) has verified that the company is not using a name that is misleading, similar nor infringes upon another company's rights.
Most importantly, IMO, is that I think all of the changes (OTCQB listing, etc) was part of the agreement between NHYF and Global - I've never met a funding source who puts up money for OTC Pink Current unless it's a convertible loan and they plan on huge discounts for the conversion and then dumping that stock.
The Global funding conditions are not like that. Until I see Global act differently, this is not a 1 or 2 penny play. imo
I was responding to your post, "I've never heard anyone say or think dilution is a good deal, but I guess it's a 1st time for everything."
I was surprised that someone might think this was "dilution", or imply that it was.
9% is a gift to shareholders along with the company saying "we are not contemplating a reverse split, as it would adversely affect our funding facility". So the lender, beside providing 9% interest in the form of shares in lieu of repayment (cash), doesn't want to wipe us out.
Someone share with us, all of the deals where you see this happening? I'd like to buy shares in any deal like this!!
Name Change from February 2024:
NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Publicly held Natural Harmony Foods Inc. (OTC: NHYF) (the Company) is pleased to announce today that, subject to FINRA’s approval, it will change its name to SYNBIO INTERNATIONAL INC. This new name signals the Company’s new strategic direction and better reflects its business operations.
The new name is a portmanteau of “Syn” (meaning “together”) and “Bio” (having to do with life), reflecting the Company’s dual strategy outlined below. In addition, for the brand mark, the Company has developed an interpretation of the rod of Asclepius, using a vine in place of the serpent.
I might as well spill the beans, THIS IS MY OPINION - The name they have chosen is SYNBIO INTERNATIONAL...And what did we learn from Global Financial from their website (anyone bother to go there?)
Global Corporate Finance is a private family office that invests in both public and private companies across the globe. The firm specializes in investments in early-stage, growth capital, acquisition, IPO financing, and emerging market micro and mid-cap companies. The firm is industry and geography agnostic and focuses on investments in North America, the European Union, and the Nordic region.
We collaborate with a consortium of aligned family offices across three different continents.
We specialize in investments in early-stage, growth capital, acquisition, IPO financing, and emerging market micro and mid-cap companies.
They don't do this for a 9% discount to market price...
I think Fink has this one right, "we have a good partner"
Dilution occurs when someone sells stock into the market and those are shares that previously were not in the market.
Global Corporate Finance Inc. ("GCF"), a private family office located in New York City with relationships to other private family offices on 3 Continents, I don’t think most understand why that is important.
Global is putting up $5 mil of their cash for the following transaction:
The Securities Purchase and Subscription Agreement will enable the Company to draw up to US$5,000,000 at its discretion over a period of 30 months. In return for each drawdown, the Company will issue common stock at a discount of 9% to the Company's average daily volume weighted stock price during the five (5) consecutive trading days immediately preceding the date of the Company's drawdown request.
If you know a bank, that will put up $5 million in unsecured loans, please contact the company. A company with no revenue. And think about what Global is doing, they are putting up money that will convert into shares at a 9% discount to the market. Getting a cash line of credit for a 9% interest rate isn’t happening right now and again, there is NO bank that would agree to that deal.
The funds will be used to launch the first of the Company's nutraceutical products; the acquisition and development (subject to due diligence) of AI-based intellectual property; and general working capital, including up-listing the Company to OTCQB status as quickly as possible.
On Global’s website they state that they invest in early-stage companies where they perceive the company has the opportunity to have substantial growth. Did you expect the $5 mil to be a donation? With no current revenues, how was the company supposed to pay them back?
And Private Family Offices, do NOT invest for a 9% gain. NO Shares will be sold down here, IMO.
And that was my point. Being vague does not include the terms "on the verge", "soon" or "imminent". Each of those have a definition.
Being vague is picking a larger landscape. Like, "we hope to have this completed in the 3rd qtr" or "we anticipate having this done within the _ quarter"- that gives you breathing room.
We "hope" or we "anticipate" are different than "on the verge", "soon" or "imminent".
I've invested with big board companies and they know the difference.
I've been wondering if it isn't capitulation?
OTC stocks are notorious for having shareholders who bought into the hype that this was going to $0.01 - $0.02 and when it didn't take them to $0.02 per share, which was assured. They dump and so that they can move to the next one that isn't working.
That said; I wish CEO's would be forced to take some basic English lessons. Stating on June 18th that we are "on the verge" - defined as "at the point when (something) is about to happen" and then 3 weeks later, only to find out that we apparently got stuck on the VERGE, is a classic example of not understanding how to set expectations.
It's the same thing when they misuse "SOON".
If Claudio had sad, "We hope to have the Annual and Quarterly Reports finished in July" that would allow him some room to come back and say, "due to the detailed nature of accessing information from the past, they should be completed in August". It's all about setting expectations and OTC CEO's (rarely) understand this.
Regardliess, my trust at this point is in Global Corporate Finance Inc. ($5mil fund) - Private investors will do their due diligence. They didn't get their money by throwing $5 mil out the window...
$NHYF - things to like about this stock:
1) the company is taking steps to be a legitimate entity. OTCQB is a step in that direction.
2) the "Private Family Office" which put up the $5 mil didn't make the investment as a convertible note. When the company "draws down" money Global gets a 9% discount to the previous 5 days trading average. IF, this were a scam they would have set this up as a convertible note and would be getting shares at a steep discount in the 20% to 30% range. Then they could dump shares, drive down the price, and convert more shares at a discount and repeat until they were done. GLOBAL didn't do that. It is a sign of a legitimate investment.
3) the posters pumping this, don't pump this anymore. Note the "tone" of their previous posts and the time lapse between posts. They are gone, look up their profile, and they've moved on.
Sell or be patient. It's your call. Some of those pumping this might have sold and left the house. I've been buying, not because of them but because I think they've left the stock.
REGs on US Securities are among the most relaxed in the financial universe. I spent decades helping raise funding for US startups.
Foreign investors would NOT invest in US companies unless they were on NYSE or Nasdaq and even then they considered them to easy going.
I had a deal we were putting together for funding on an OTCQB from someone in the Middle East and his advisors INSISTED that we get a listing on the AIM in London. NOTE: The AIM exchange is a cross between our OTCQB and Nasdaq with one BIG exception. NO SHORTING. The representative described the US Securities Markets as one big Gambling operation.
I'm not asking anyone to agree with that assessment, but that is the view of the US Markets from outsiders.
We might see the following first:
1) Audited Financials
2) Application to OTCQB
3) Application for Name / symbol change
NOTE: on October 21, 2023, the Company entered into a Securities Purchase and Subscription Agreement with Global Corporate Finance Inc. -The Securities Purchase and Subscription Agreement will enable the Company to draw up to US$5,000,000 at its discretion over a period of 30 months.
- that means that 8 months have passed...so it's not going to drag on for a lot longer.
Sometimes CEO's may get excited for reasons we don't understand. It is possible that any company willing to join us on this journey would have stipulated that they had no intention of joining an OTC Pink? Private lenders will NOT invest in OTC Pink. So, it might be a bigger deal to complete the 3 items mentioned above, prior to our getting news. As usual, just a guess.
the 1,689,000 bid at .0038 appeared to be a decent order, it was only for $6k+ but still not the small orders under 500k shares.
nice bid at .0038 - someone looking for an early Christmas...
$NHYF - didn't mean to take any shots at anyone - just suggesting that until we see/hear news it's pretty hard to begin setting prices/expectations.
As far as legit - I would be surprised if Global Corporate Finance would have put up $5mil and accepted that it would be paid back in stock with only a 9% discount, without doing any DD. And they get stock after every "draw" the company makes from that $5mil over a 30 month window.
When the company said; The transition of the Company's business to the development of medical technology and the commercialization of wellness products will require a higher level of corporate governance and transparency. That move to the OTCQB was likely a stipulation of Global. The listing requirements for OTCQB are very similar to Nasdaq listing requirements, as far as transparency is concerned.
Everyone should sell when they want to, some seem to want to sell down here. I don't have a price target until I hear what they've got.
Global Corporate Finance is providing $5mil in a Securities Purchase and Subscription Agreement. The terms are as follows:
"The Securities Purchase and Subscription Agreement will enable the Company to draw up to US$5,000,000 at its discretion over a period of 30 months. In return for each drawdown, the Company will issue common stock at discount of 9% to the Company's average daily volume weighted stock price during the five (5) consecutive trading days immediately preceding the date of the Company's drawdown request."
Everyone is entitled to their opinion, but I kind of doubt they did that so they would be converting at .01 - I think this might go higher.
Are you with a circus? After your last proclamation that it was a scam, I wrote:
LOL, so he bought $800 worth and now he is engaged in an elaborate pump n dump? Then he puts out a tweet that says, IF THEY PUT OUT NEWS, it will run. And you've concluded that's a pump-n-dump.?
And for that he'll be in prison? Am I getting that right? There are single cell organisms smarter than you!!
I hope I don't get sued by single cell organisms for insulting them!! LMAO!
and to that you wrote, "you just took money from innocent people" - I am not selling and haven't sold , so please explain how I took money?
Can't wait to hear your next words of wisdom!! It's time to block you, before whatever it is that you have rubs off...GL
Synergy Management @synergymgtgroup
Give the new $NHYF official account a follow.
https://x.com/nhyfofficial
I'm hoping we are getting close to updates! I know Claude has been working hard behind the scenes. #GettingClose
Not sure their reasoning, but I picked up some more yesterday, hard to let .0042's get away.
Thank you!
Absolutely!
There were some positive takeaways from his 3 tweets:
no r/s - saying "it would adversely affect our funding facility"
the other was "imminent" describing when these events might occur. Then again, I'm pretty certain that no CEO understands what "soon" nor "imminent" means.
I agree! I don't think he's ever been a CEO of a US company trading on a US exchange. I expect there to be a learning process.
What is a little troubling is that the company attorney should have caught this and informed him of his obligations to investors. Hopefully, it's just some growing pains. I've seen an increase in OTC companies including statements in their Qs and Ks saying that from time to time they will release notices via their "xxxxx" social media page and that investors will find all appropriate notices there.
That's all he has to do, and I agree, that the company's Twitter link makes a lot more sense for potential investors than his personal thread.
I was just saying that given a choice of NO communications and communications on a link where it shouldn't be (in my opinion)...I'll take the communications over silence.
I sent a note to Berry and asked him if he would remind Claude that they should let investors know where to expect news.
The SEC Ruled in 2013 to allow companies to post information, even material events, via any of the readily available Social Media platforms. But there is a caveat:
"SEC Says Social Media OK for Company Announcements if Investors Are Alerted
FOR IMMEDIATE RELEASE
2013-51
Washington, D.C., April 2, 2013 —
The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information."
I followed that discussion and when the SEC members were asked, "does that include 8-K filings they said that it does but they kept saying that the Company bore the responsibility to let investors know where to find that information.
A guess is that he might be waiting for the name change so the company can set up its own Twitter/X account? At least they made an effort to communicate with us.
Several analysts note the level of insider trading as a reason to be cautious. I went through the SEC notices and found 54 Insider trades between Mar 2023 and March 2024, of those 27 took place in a 35 day window from mid-November to before Christmas.
from looking at speed traders fees I'm not sure it would make sense to trade through them in low volumes.
And speed trader states "Choose from over 40 stock routing options, including: ECN's" - so OTCN would not appear to be a default.
I guess it could be someone moving small blocks via Speed Trader - who knows.
There's always next week! lol
I agree... from my post; "Maybe it's something innocent or maybe the $5mil line of credit has some strings tied to those funds and someone is raising money?" - the Agreement stated "The Securities Purchase and Subscription Agreement will enable the Company to draw up to US$5,000,000 at its discretion over a period of 30 months."
But there has been both 5 digit and 6 digit trades going across and generally it's when OTCN shows up to sell a few shares. I would think that is someone raising some funds to move this forward. But it's just a guess. Back to waiting.
my bad, I waited too long to update this post, the number of O/S, according to the filing was: "outstanding: 309,496,511 as of date: 03/31/2024).
That represents a 7mil addition to the current number on OTC Mkts which is 316,496,511,
It might explain some of the 5/6 digit trades we've seen during that time frame. Maybe it's something innocent or maybe the $5mil line of credit has some strings tied to those funds and someone is raising money? It would be nice to hear from the company. IMO
$NHYF - the O/S, from the 1st quarterly report (Outstanding Shares 316,496,511 05/20/2024), to the update on the OTC Mkts is 7,000,000 new shares hit the market.
14,806,224 has traded since the 3.31 Q - wonder when the management team will provide an update?
I'm reading some analyst for this one along with some other "solid state battery" stocks. And renewables as well. Everyone was excited about these when the company was saying they would be in production either late this year or early 2025.
I've noticed that most of these "new" energy companies are starting to use other language like, "we should be in production in early 2025 with full scale production in 2026".
There are 9 analyst who follow QS and 1 is recommending a "buy", 5 are recommending a "hold" and 3 are recommending a "sell". This is a change from the last time I looked, about 5 months ago.
The consensus target price for the stock this year (from the same analyst) is $6.09 - my view is that it's not unusual for everyone to get caught up in the excitement of a breakthrough product. Then once the "high" wears off the stock comes back to earth, usually because they don't have the revenue to support the current valuation. If it drop further, then I'd be happy to get them cheap, it will come back. IMO
OTCN - OTC LINK NQB IDQS - 902,764 - OTCN volume for April
Where this goes is going to come down to this, (IMO):
1) they've had a $5mil line of credit since late October...what did they do with that?
2) whatever they did with that, is it making a loss/break even/profit.
3) they said they want to upgrade their listing...what progress have they made?
the answers to the above will determine where this goes.
$HDUP - I began buying this around .03 about 4 years ago...I've bought as high as .12. As the share price dropped, I sold shares at every level equal to where I bought them. (protecting your investment) - I've been buying back
My fears? Kelly shouldn't be in charge of a Dairy Queen. He's a Carnival Barker (promoter). His business, Enteractive Media / Gamechangerz - has been a failure for YEARS. But he has family members with 10's of millions of shares and they haven't sold.
So you have to watch the jockey (Mark or "Hutch"{), and ignore the horse (Kelly).
And, someone has been buying, I have no idea who that is. And Spinola still owes the company over $2mil, a good sign.
I still have hopes, but it's not a scam, it might be incompetence (Kelly) but it's not a scam. IMO
You just can't fix stupid. GL
LOL, so he bought $800 worth and now he is engaged in an elaborate pump n dump? Then he puts out a tweet that says, IF THEY PUT OUT NEWS, it will run. And you've concluded that's a pump-n-dump.?
And for that he'll be in prison? Am I getting that right? There are single cell organisms smarter than you!!
I think the error was in saying it was not a shell. It's a shell until they have an acquisition / merger. I think someone caught the error and changed it.
The Annual report was not amended on the State of Florida website. I think it was an error and nothing more. OTC Mkts is still showing it as a shell which I never saw that it had changed. I could have missed it but every time I looked, it was listed as a shell.