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.
There aren't any dividends.
It is hard to take a dividend that doesn't exist. When companies announce dividends, there is real money that they use to distribute to shareholders. Nate's doesn't have real money to distribute to shareholders. They caused some related insider buddy pal company, Torrent, to buy up 99% of the cans in "20 minutes" for $3.00 per can--if it is even actual sale, we don't know. Definitely no profit there. The other 75 or so cans wouldn't generate enough cash to print the dividend checks.
Also, to elucidate, the press release today didn't say they started building a factory, it said "the Company has broken ground on the development of a new facility." The key word here is development, which could mean as little as "hey, let's think about what it would take to build a factory" (that we don't need nor can afford.)
Nate's press releases have crossed the line into the ridiculous. The company's PR sophists are definitely working overtime.
You have the answers? Why don't you share? I think NHMD shareholders would be interested in hearing why what the company has been telling investors has proved to be false.
Where is the money from the $3 mil in financing?
Where is the Distro agreements?
Where is the revenue from the 10,000 cans of pancake batter?
Why is the company selling shares to insiders for a 15% of the current market price?
Why is Torrent Energy (whoever they are) buying cans of pancake batter for $3.00 per can?
And the list goes on ...
NHMD Loss is 900 Times Greater than Revenue.
Where are the sales for the supposed 10,000 cans?
Who is this Torrent Capital?
Why are all of the insiders getting cheap stock, leaving public investors in the cold?
Understood. Now, where is one penny of that financing? It's not on the financials.
Three More Questions for Nate
for the Q&A in Newport.
Can someone add these questions to the list I posted yesterday?
1) Since the company reported that they sold 10,000 cans of pancake batter, how is it the company showed only $746 in revenue? Concerning the deferred revenue of $30,000, how many cans was that for and have they been delivered? Also, how many cans were sold to customers other than Torrent Energy? Was it less than 100?
2) Why are you giving the company away for free and why are you taking the rest for you and your buddies? Why is Nate's selling shares to insiders for a fraction of the currently traded market price?
3) Where are the funds for the $3,000.000 financing? These funds did not show up on the 10Q.
My credibility is not in question
Credibility? That is hilarious. Nate and his pals are pillaging shareholders and investors are worried about a poster's credibility? Let's just look at the facts.
Nice Try.
I copy, pasted and reposted for effect. If Games changed it, he/she might of thought it was redundant. Why don't investors just do DD on the facts and not on a conspiracy theory.
Nate's Sold Only 75 Cans?
See Games post 18557
It says:
"Nate's Sold Maybe 75 Cans of P-Cake Batter?
Someone please explain where the revenues are from the 10,000 cans? The company only posted $746 in revenue in six months. After taking into account shipping that is maybe 75 cans of P-batter. There was $30,000 in deferred revenue from a related company, Torrent Energy, (Joe Wade's company, an insider getting millions of shares of Nate's) which doesn't even have a food business. They are not developing food products. They are nothing. This is a big shell game.
Even if Nate's did receive $30,000 for the remaining 9,925 cans, then they sold them for $3.00 per can? That is why they sold them in 20 minutes, because he sold 99% of the remaining cans to one person, one of his pals, for less than 40% of what he sold them to you for. Besides, who is to say that this whole 10,000 can wasn't just a PR stunt. At any time, Nate could refund his money and not deliver any product. Even if they did, there is no profit at $3.00 per can.
Investors should see that this whole 10,000 can thing in 20 minutes was nothing but hype. It did not happen."
Just 10 days ago, Nate sold NHMD shares to insiders for less than $.02 per share, 25% of the market value at the time, without your permission or approval.
Nate's sold over 15% of the entire company for $.059 per share, well below the market value.
Nate's sold 1,742,004 shares for $.015 per share.
Why are investors paying $.08-$.10 per share for NHMD when Nate is selling it to his buddies for $.015 per share? When in Newport, the investors may want to make friends with Nate.
Nate's doesn't believe that his company is worth very much to give it away for a fraction of what you are paying for it, which will also be further cut down after his "Founders Shares" dilute your share down to another 25% of its current value. Investors in Nate's are just pawns because Nate needs a public company where he can funnel large blocks of shares on the cheap to his pals. We've been had.
No Rethinking Required. Math is Right.
This is not complicated.
The company's 10Q says "The Company issued 26,394 shares of its Series C Preferred Stock in exchange for $27,000 in cash that was used for food development and research and working capital. The Preferred Stock can be converted to common stock, at a conversion rate of 66 common shares for each preferred stock."
Keywords:
(1) "issued 26,394 shares of its Series C Preferred Stock"
(2) "Preferred Stock can be converted to common stock, at a conversion rate of 66 common shares for each preferred stock."
What this means is that, like it says, each share of preferred stock can be converted to common. They issued 26,394 preferred x 66 = 1,742,004 common. Not hard.
If investors are to be able to perform a modicum of DD, they should at least read carefully and get the math right. Besides, who would actually believe, as another posted postured, that someone would pay $399.00 per share when they could buy it on the open market for $.08? Let's think about it.
BTW, I had not read 18513 before I posted 18553. The issue of selling shares is right out there and an obvious violation of shareholders.
Nate's Sold Maybe 75 Cans of P-Cake Batter?
Someone please explain where the revenues are from the 10,000 cans? The company only posted $746 in revenue in six months. After taking into account shipping that is maybe 75 cans of P-batter. There was $30,000 in deferred revenue from a related company, Torrent Energy, (Joe Wade's company, an insider getting millions of shares of Nate's) which doesn't even have a food business. They are not developing food products. They are nothing. This is a big shell game.
Even if Nate's did receive $30,000 for the remaining 9,925 cans, then they sold them for $3.00 per can? That is why they sold them in 20 minutes, because he sold 99% of the remaining cans to one person, one of his pals, for less than 40% of what he sold them to you for. Besides, who is to say that this whole 10,000 can wasn't just a PR stunt. At any time, Nate could refund his money and not deliver any product. Even if they did, there is no profit at $3.00 per can.
Investors should see that this whole 10,000 can thing in 20 minutes was nothing but hype. It did not happen.
Go NHMD$$
There is so much heartbreak in the 10Q, I don't know where to begin.
I will update the investor carnage as I get more information.
To start, this came directly from the latest 10Q:
"Note 5 – Subsequent Events
On December 10, 2014, the company sold 379 shares of Convertible Preferred Stock, $0.0001 par value, at purchase price of $1.32 per share, for a total proceed of $500. The Preferred Stock can be converted to common stock, at a conversion rate of 66 common shares for each preferred stock." What this means is that, just 10 days ago, Nate sold shares for less than $.02 per share, 25% of the market value at the time, without your permission or approval.
"Note 4 – Equity Transaction
The Company issued 9,500,000 shares of Common Stock and booked an expense related to this stock issuance of $562,000 which represented the fair value of the stock issued. The stock was issued to WB Partners for consulting services rendered to the Company. This means the company sold over 15% of the entire company for $.059 per share, well below the market value.
"The Company issued 26,394 shares of its Series C Preferred Stock in exchange for $27,000 in cash that was used for food development and research and working capital. The Preferred Stock can be converted to common stock, at a conversion rate of 66 common shares for each preferred stock. The Company evaluated the conversion feature and concluded that it did not qualify as a derivative transaction. The Company evaluated the convertible preferred stock under FASB ACS 470-20-30 and determined it contained a beneficial conversion feature. The intrinsic value of the beneficial conversion feature was determined to be $70,181. The beneficial conversion feature was fully amortized and recorded as a deemed dividend." This means the company sold 1,742,004 shares for $.015 per share.
Nate's doesn't believe that his company is worth very much to give it away for a fraction of what you are paying for it, which will also be further cut down after his "Founders Shares" dilute your share down to another 25% of its current value. Investors in Nate's are just pawns because Nate needs a public company where he can funnel large blocks of shares on the cheap to his pals. We've been had.
10Q today? today is the deadline for filing a late 10Q. Anxious to see the financials.
MoneyMade is right. Ask about Share Structure.
On Nate's Food website, the company does not disclose the true share structure. They leave out that the company is truly under a dual share structure that is padding the pockets of Nate and his collaborators. The website only tells part of the story: Read below for the true story:
Games Post:
Massive Stock Dilution on the Horizon in NHMD!
Here is the rundown: According to the company's registration statement: http://bit.ly/1CoA2HI
Nate's has issued "Founders Stock" of 149,365 Series B shares that will be convertible to 149,365,000 common shares sometime around May of this year.
Nate's has already issued 1,940,103 Series A shares that carry voting rights of 194,010,300 shares, which means that the public common shareholders (float) that would typically have voting rights equal to 62% of the outstanding shares (majority control) now have only 15% of votes.
This is the one that will hit in the pocket book: the current public shareholders (float of 38,400,000) currently owns 62% of the company. After the Series B shares are converted to an additional 149,365,000 shares, the current public shareholders will go from owning 62% of the company to owning only 18% of the company. The total outstanding will be diluted from 100% to 29%.
To make matters worse, according to the company's registration statement:
"Conversion Provisions. Each Series A Preferred Share cannot be converted into Common Shares, unless it is approved by the Board of Directors and agreed upon by the Series A Preferred Shareholders." What this means is that Series A shareholders, the founders, can decide at any time that the Series A shares can be converted upon their approval and for what ever amount they deem appropriate, which would further dilute voting and ownership.
To recap:
* NHMD holders will be diluted by over 70%, which means the founders are taking 70% of your current ownership.
* NHMD holders voting power will be diluted from 100% to 25%.
* Ownership and voting can be further diluted upon a vote of the founders.
* Nate's founders will be taking from you roughly $.70 of ever $1.00 you have invested in the company.
My follow up post:
Nate's Founders Will Take $.70 of Every $1.00 You Invest!
Games is right. What Games is referring to is The "Founders Stock" issuance, which is not related to the $3,000,000 non-dilutive financing. The "Founders Stock" convertible was issued at registration, before the supposed 3 mil ND financing. This is not at all complicated. It is simple: the company's founders will dilute your shares 70%. The public float investors just think they own 62% of the company. As soon as the 12 month period expires in May, the 62% will drop to 18%.
This information can be found in the SEC filing. This is indisputable. The facts of the SEC filing are unquestionably clear. It is not open to interpretation. Investors should not be incorrigible to the facts. It only hurts them.
Because the truth is real and convincing. NHMD failings have proven too much to bear. The investors that are stuck in the stock don't want the truth revealed because it won't allow them to get out without a huge loss. I want to see Nate's succeed. I would want for them to sell a billion cans of product, if they were actually given the equity and profits to the shareholders, but they're not, Nate and the insiders have rigged the game to keep the money for themselves. The con is on.
No need. Nate and his buddies already have them.
The Problem with Nate's ...
is that they talk about all of these product enhancements and new products but they have none of them. Not one. It is good that NHMD has goals, but, at some point, they have to deliver.
Let's see what the 10Q says this week. If we get it. That will be the most telling indication of whether Nate's is delivering.
Go NHMD¢¢
Somber Week for Struggling NHMD.
This will be a telling week for Nate's, trying to repair a violation of SEC rules and face investors that are more keen to the massive dilution of shareholders stock perpetrated by the founders of the company.
To summarize some of the events going on at Nate's:
1) The company has missed a filing deadline for their 10Q, violating SEC rules. They have until Tuesday to remedy the situation, although the violation is still a matter of record.
2) Shareholders are more shrewd after uncovering how the mass "Founder Stock" dilution will shrink their ownership and enrich Nate and his pals. It appears the public shareholders will be diluted down from 62% to 18%.
3) No product deals. No distribution deals. No money. No disclosure on relationships.
The company will have to face shareholders in an upcoming meeting in Newport. We will see if the company can allay the fears of shareholders and present something with real substance.
Go NHMD¢¢
Nate's Can't Produce Products and
doesn't have anything until they can produce and sell those products, and if they can't file timely SEC documents, they won't have anything. They haven't shown they are able to run a business that meets its requirements. Why would we believe they can follow up on an actual product execution.
That's cute and funny, but I'm afraid Nate Steck and his comrades will have the last laugh.
Nate's Draining Shareholders of Wealth. See Post 18359
For Nate's not to convert stock would be akin to tearing up the winning lottery ticket. It won't happen.
The amount of funds available will be reflected on the 10Q. The only problem with that is that Nate's failed to file the 10Q in violation of SEC rules.
Batter Blaster went broke. End of story.
Investors should care if the company is diluting their shares because it is tantamount to pick pocketing shareholders.
NHMD doesn't have new products, they don't have new flavors, they don't have financing, they don't have dividends, and they don't need insider buying because they are issuing themselves shares for free--and shareholders are paying for it.
Go NHMD¢¢
So let me understand this: You are excited because NHMD has negative earnings. That is what we are counting on--that there are enough suckers to make the stock go up? Instead, it might help to perform proper due-diligence.
Go NHMD$$
Warren Buffet is Against Excessive Stock Dilution.
He was against Coca-Cola's executive compensation plan due to share dilution and unfair compensation. He sold Kraft shares in opposition to their dilutive share issuance. Here is an article about the Coca-Cola story.
http://on.mktw.net/1yy1BxU
http://yhoo.it/1iDGeli
Also, does anyone remember the story of Eduardo Saverin and Facebook. Eduardo was the co--founder with Mark Zuckerberg. Mark used an underhanded technique to dilute the shares of his co-founder from 34% to .003%. Here is a super interesting story that will educate investors on how this works and how it correlates with NHMD forthcoming diluted shares.
http://bit.ly/OrLvE4
Why is this important? Because NHMD shares will be diluted in the same way.
NHMD investors should be informed about dilution.
They should use the available public information to make intelligent decisions.
Okay. There is absolutely zero chance of Nate's Homemade getting into 50,000 stores in one year, much less 24 mil cans production. They haven't been able to get out the 10,000 cans that customers ordered.
133 mil shares is a made up number. So this assumption plug-ins don't calculate. The real number of shares that will be outstanding after the Series B shares is 211,165,000, of which the public float shareholders will have 38 mil, a much smaller percentage than currently.
As far as sales, wistful profits, or margins, the only thing we have to go by is the fact that Batter Blaster, Nate's former failed endeavor, had negative margins and lost money to the point of going out of business.
Investors should not dismiss real information that carries a huge impact on the ownership of the company. That is why the SEC requires companies to file pertinent information. I'm not sure why someone would not want to use it. Especially when Nate Steck and his buddies are over in the corner snickering about it.
Go NHMD$$
Nate's Will Take $.70 of Every $1.00 You Invest is Compensation?
I'm glad compensation was brought up because Nate's filed an SEC filing in September that set aside an additional 16,000,000 shares for a defined benefit plan for employee compensation, separate from what Games discussed, and this amount would further dilute the company below the 18% Games mentioned.
It's a lopsided deal. It is pillaging of the village people. Compensation is one thing, but this?
https://www.sec.gov/Archives/edgar/data/1409446/000147793214005161/nate_s8.htm
Nate's Founders Will Take $.70 of Every $1.00 You Invest!
Games is right. What Games is referring to is The "Founders Stock" issuance, which is not related to the $3,000,000 non-dilutive financing. The "Founders Stock" convertible was issued at registration, before the supposed 3 mil ND financing. This is not at all complicated. It is simple: the company's founders will dilute your shares 70%. The public float investors just think they own 62% of the company. As soon as the 12 month period expires in May, the 62% will drop to 18%.
This information can be found in the SEC filing. This is indisputable. The facts of the SEC filing are unquestionably clear. It is not open to interpretation. Investors should not be incorrigible to the facts. It only hurts them.
Games Post:
Massive Stock Dilution on the Horizon in NHMD!
Here is the rundown: According to the company's registration statement: http://bit.ly/1CoA2HI
Nate's has issued "Founders Stock" of 149,365 Series B shares that will be convertible to 149,365,000 common shares sometime around May of this year.
Nate's has already issued 1,940,103 Series A shares that carry voting rights of 194,010,300 shares, which means that the public common shareholders (float) that would typically have voting rights equal to 62% of the outstanding shares (majority control) now have only 15% of votes.
This is the one that will hit in the pocket book: the current public shareholders (float of 38,400,000) currently owns 62% of the company. After the Series B shares are converted to an additional 149,365,000 shares, the current public shareholders will go from owning 62% of the company to owning only 18% of the company. The total outstanding will be diluted from 100% to 29%.
To make matters worse, according to the company's registration statement:
"Conversion Provisions. Each Series A Preferred Share cannot be converted into Common Shares, unless it is approved by the Board of Directors and agreed upon by the Series A Preferred Shareholders." What this means is that Series A shareholders, the founders, can decide at any time that the Series A shares can be converted upon their approval and for what ever amount they deem appropriate, which would further dilute voting and ownership.
To recap:
* NHMD holders will be diluted by over 70%, which means the founders are taking 70% of your current ownership.
* NHMD holders voting power will be diluted from 100% to 25%.
* Ownership and voting can be further diluted upon a vote of the founders.
* Nate's founders will be taking from you roughly $.70 of ever $1.00 you have invested in the company.
Read the registration statement for Nate's? http://bit.ly/1CoA2HI
This is unbelievable. The wolf has raided the hen house.
Which Way is Up?
I have three theories as to why NHMD stock price was up today after the inexcusable and injudicious failure on Nate's part to file a timely 10Q:
1) an inexplicable anomaly has occurred with no rhyme or reason why the market would ignore a such a confidence shaking misstep.
2) short-term prices are being artificially manipulated by market makers or through supportive purchases by affiliates of Nate's, or by both (e.g., a rigged market) to offset the damage that would have been caused through sales caused by the news, and that the market will adjust appropriately to the news when it snaps out of it. Eventhough, to keep into perspective, the amount of stock bought or traded amounted to a little more than $15,000. Not much and easy to manipulate.
3) OTC market participants, specifically NHMD holders, are even more lacking in cognitive capacity to make prudent, rational decisions than I first believed. I had hoped that when confronted with relevant information, investors would adjust accordingly to the facts. The only reason that they might not is that they are scared, stuck, or just too unintelligent to comprehend the magnitude of the situation.
In my final analysis, I have chosen #2 because it is difficult for me to believe that my friends, the investors, are that feeble-minded.
Go NHMD$$
Forthcoming Financials Will Show Loss ...
but what else? If the company received any funds from financing activities, it must be disclosed in the financials.
NHMD Violates SEC Rules by Not Filing 10Q.
It would be a cogent post, the only problem is that it lacks veracity. There is no such thing as an extension. The Notice of Late Filing allows for five days to submit the filing, and SEC will accept it as timely if submitted within the time period; however, the rule was still violated and multiple violations may be cause for disciplinary action. No, they're not going to shut Nate's down for a single offense, but the bigger issue is that this is the company's first 10Q filing as Nate's and they didn't file, which elucidates management's inability to perform a very basic function of a publicly traded company, which further shows the company's inability to manage the company. If they can't manage the small, fundamental stuff, then how can we expect them to manage the larger issues presented to a growing company?
The risk going forward is that they don't file within the 5 day period. Then what? At any rate, I'm looking forward to taking a look at the 10Q. I'm concerned that the reason they haven't filed is that they are stuck between a rock and a hard place due to the fact that they are so secretive about everything, which isn't practicable for a publicly traded company. It's possible that they are fighting between disclosure and secrecy. With the dearth of real information the company releases, they probably should have been a private company.
NHMD Misses SEC Filing Deadline.
Actually, they not only failed to do what they said they would do, they failed to do what they are required to do under SEC rules.The registration statement filing has nothing to do with the required 10 Q filing. NHMD missed the filing deadline, plain and simple. I think we all can agree to that.
Really? Does anyone believe that Nate's is building a factory? Why would they build a factory? Even if there's some reason to do that, how would they? They have no money. Apple doesn't even have their own factories. They contract out. Nate's, for some reason, believes that investors will be impressed by the idea of "building a factory." I guess we will see what expenses their expenses are for the construction of the factory when the 10Q is released.
The Truth of Post 18193. Dandy.
It is absolutely accurate. 100%, and anyone that says differently is misleading investors. Not filing a 10Q is a violation of SEC rules. Period. And Nate's unfortunately has violated SEC rules. The SEC will allow a Notice of Late Filing, but that doesn't change the record. The history of that fact cannot be altered. Let's just hope they follow up with the filing.
A little research will show anyone interested that the SEC is getting quite serious about delinquent filers, and is absolutely a rule violation. This is how congress chose to protect investors, by requiring timely and accurate reporting.
§ 240.13a-13 Quarterly reports on Form 10-Q (§ 249.308a of this chapter).
(a) Except as provided in paragraphs (b) and (c) of this section, every issuer that has securities registered pursuant to section 12 of the Act and is required to file annual reports pursuant to section 13 of the Act, and has filed or intends to file such reports on Form 10-K (§ 249.310 of this chapter), shall file a quarterly report on Form 10-Q (§ 249.308a of this chapter) within the period specified in General Instruction A.1. to that form for each of the first three quarters of each fiscal year of the issuer, commencing with the first fiscal quarter following the most recent fiscal year for which full financial statements were included in the registration statement, or, if the registration statement included financial statements for an interim period subsequent to the most recent fiscal year end meeting the requirements of Article 10 of Regulation S-X and Rule 8-03 of Regulation S-X for smaller reporting companies, for the first fiscal quarter subsequent to the quarter reported upon in the registration statement. The first quarterly report of the issuer shall be filed either within 45 days after the effective date of the registration statement or on or before the date on which such report would have been required to be filed if the issuer has been required to file reports on Form 10-Q as of its last fiscal quarter, whichever is later.
Meet the Management Team that Failed to File 10Q
So this is the Nate's management team that had enough time to release name changes but not enough sense to file their first 10Q. The incredible gross misplacement of priorities is absolutely astounding.
The affiliation with EMBR is why the juxtaposition of the two examples is relevant. Nate's gave EMBR millions of warrants to buy NHMD. Nate's paid EMBR (Embarr Downs) nearly $350,000 in stock and warrant value for consulting fees. Maybe this is why Nate's didn't file the 10Q because their consultant EMBR didn't file theirs. Some consultant--lets violate the SEC rules together! What a joke. I think the management team should remove themselves and install new directors and CEO. They just can't get it together.
Unfortunately for us, the market landscape is littered with delisted, failed companies with bad business models. In Lyons example, the companies mentioned had something of value--user base, revenues--something that can be monetized. Nate's, well, has a pancake model that has been proven to fail in the past, except now they don't actually own the rights, they sort of lease it.
Forgive the bold in the last post. Others on this board (easy to see who) have posted bold, meaningless hype. I was frustrated by those techniques and felt a need to counteract it with real information. Please forgive me. I just wish in another life, perhaps, Nate's will produce real results instead of needless hype. The important thing is, we can use the real information that I provide so that we are informed and can make sound decions.
Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence. - John Adams.
Massive Stock Slide Tomorrow?! If closely held EMBR is any indication of what NHMD will do, we're in big trouble. EMBR missed filing deadline and dropped almost 30%. That would put NHMD at around $.05. I just hope it doesn't' drop below $.05 because that is a key psychological price point.
Go NHMD$$
No Patent!
Of course they don't have a patent. My understanding is that they license its use for a fee. I guess it would really be better if there wasn't a patent so they could avoid paying the hefty fee. License fees, dividends; it's hard to see how they can ever make a profit. Oh well, we can hope that it moves up on hype.
Go NHMD$$
Whew! I'm glad they only lost the European patent. So much for international expansion. Oh well. I just hope this is not a pattern--you know, missed SEC filing deadline, lost patent, lack of information, hyped press releases, no agreements, no revenues, no real news, etc.
I just don't want the company to be delisted.
Go NHMD$$
Patent to be Withdrawn?
I found this. I'm not sure what it means. Does it mean the patent is withdrawn? Does Nate's even have a patent? Can someone shed some light on this?
Go NHMD$$
Go to link at bottom of page: http://bit.ly/1CdaQDZ
Legal Events
Date
Code
Event
Description
Jun 11, 2014 18D Deemed to be withdrawn
Effective date: 20131119
May 22, 2013 A4 Supplementary search report
Effective date: 20130419
May 22, 2013 RIC1 Classification (correction)
Ipc: A21D 4/00 20060101ALI20130415BHEP
Ipc: A21D 10/04 20060101ALI20130415BHEP
Ipc: A21D 6/00 20060101AFI20130415BHEP
Aug 8, 2012 DAX Extension of the european patent to (deleted)
Oct 7, 2009 RAP1 Transfer of rights of an ep application
Owner name: BLASTER FOOD TECHNOLOGIES, LP
Mar 25, 2009 AX Extension or validation of the european patent to
Countries concerned: ALBAHRMKRS
Mar 25, 2009 AK Designated contracting states:
Kind code of ref document: A2
Designated state(s): AT BE BG CH CY CZ DE DK EE ES FI FR GB GR HU IE IS IT LI LT LU LV MC MT NL PL PT RO SE SI SK TR
Mar 25, 2009 17P Request for examination filed
Effective date: 20090105
I'm sorry to say, there is no such thing as an "extension," it is "Notification of Late Filing," and not filing on time is a violation of SEC rules. Nate's violated SEC rules. Period.
http://bit.ly/1AkZyLD
NHMD Drops Tomorrow Amid Missed SEC Filing?
It appears Nate's has missed the SEC filing for it's 10Q (quarterly earnings report). The company has filed a form 12b-25, but instead of releasing that information, they instead chose to release information about a name and packaging change. The company now has until January 20, 2015 to file its 10Q.
It seems foolishly irresponsible to miss a filing date. How hard is it to file a report when you don't have revenue and few expenses?
Go NHMD$$