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#Cover
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As part of this mutually beneficial agreement, the noteholder received 300,000,000 shares of common stock in exchange for forgiving the outstanding debt. This equates to an approximate value of $0.0025 per share, considering both the cash amount and the accrued interest that the company had owed.
https://www.otcmarkets.com/filing/html?id=17213147&guid=lAd-kpF5cwRSJth
GMSacha Inchi $QEDN updates on status of PO for Ingredion and Nestle pic.twitter.com/0zI6LBNz5o
— GMSacha Inchi $QEDN (@GMSachaInchi) February 5, 2024
Nice news.
Government backing is a nice touch to credibility.
#FollowTheMoney
#Cover #GetALife
Walmart was a better fit...
https://www.walmart.com/search?q=gmsacha%20inchi%20original&typeahead=gmsacha%20inchi%20original
And you know what they say about opinions...
my opinions are just that
GMSacha Inchi powder $QEDN has been approved by Ingredion (NYSE: INGR) SAP program worldwide. Soon GMSacha Inchi ingredients will be in many healthy consumer goods. Plant-based proteins, plant-based beverages, and other consumer goods. https://t.co/MxwVjrK5MX
— GMSacha Inchi $QEDN (@GMSachaInchi) January 31, 2024
Item 8.01 Other Information.
On January 26, 2024, the Company successfully negotiated a significant debt reduction agreement with a noteholder, resulting in the elimination of approximately $750,000 in liabilities, primarily consisting of various types of promissory notes and a convertible note. The breakdown of this debt is as follows:
(1)
$250,000 (approximately) in convertible promissory notes, including accrued interest.
(2)
$150,000 borrowed by the company for the lease of fuel tanks in Rotterdam.
(3)
$100,000 (approximately) for payment of accrued payables, such as auditors and accounting work.
(4)
$150,000 provided to the company as advance funds to secure contracts for sugar and chicken paws.
(5)
$100,000 that the company facilitated to a third-party entity, which has yet to be repaid due to the third party's financial constraints. It's worth noting that the company acted solely as a facilitator in this transaction, and the noteholder has agreed to absolve the company of any potential liability related to this transaction.
As part of this mutually beneficial agreement, the noteholder received 300,000,000 shares of common stock in exchange for forgiving the outstanding debt. This equates to an approximate value of $0.0025 per share, considering both the cash amount and the accrued interest that the company had owed.
Furthermore, as an additional component of the agreement, the noteholder has agreed to release its reserve of shares. This action will enable the Company to significantly reduce its number of authorized common shares by approximately 40%, leading to a more streamlined and efficient capital structure.
It's essential to note that the finalization of this agreement is contingent upon the Company successfully closing a fuel deal.
The information in this Current Report on Form 8-K with respect to Item 8.01 and the Exhibit filed under 9.01 is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This current report on Form 8-K will not be deemed an admission as to the materiality of any information contained herein.
2
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 29, 2024
Nate’s Food Co.
By:
/s/ Nate Steck
Name:
Nate Steck
Title:
CEO
You’re naive if you dont think thats a possibility.
many a niche pharma company was destroyed by BIG Pharma. They dont like their Golden Egg compromised.
Or the train leaves the station…
Another %16+ today
#Cover
Energy Today Inc (NRGT) has signed an acquisition agreement to purchase La Palmichala a working mine Gold with a 43-101 https://t.co/o0RqiGDpqq via @ein_news
— GMSacha Inchi $QEDN (@GMSachaInchi) January 25, 2024
Energy Today Inc (NRGT) has signed an acquisition agreement to purchase La Palmichala a working mine Gold with a 43-101 https://t.co/o0RqiGDpqq via @ein_news
— GMSacha Inchi $QEDN (@GMSachaInchi) January 25, 2024
GMSacha Inchi $QEDN ownes 25,033,047 of NRGT shares also on OTC. CEO of QEDN is negotiating the purchase of 100% of the mining title La Pamichala. A working mine that extracts Gold valued at $357,278,254 USD on the 43-101. QEDN will benefit from increase in asset and revenue. pic.twitter.com/DmFqr7jiYQ
— GMSacha Inchi $QEDN (@GMSachaInchi) January 24, 2024
#Cover
Can we please stay on topic here... Let's go MODS, do your job.
LONG way to go to get back to $1.50 cost
If you believe the answer is YES, I have a bridge to sell you.
Do you really hang out here all day bad mouthing them because you think you are protecting someone from making what you think is a bad decision, or is there another reason?
And what is the reason for a penny? Besides, cause I said so ?
#FakeNews
Product shipped... Exited customs, on way to Nestles & Ingredion.
PO's do not need customs clearance, she means the "Order" SMH.
I'm done with uninformed OTC traders, who do not even know how basic business is run.
The issue is the company is intentionally reporting inaccurately.
LOL #moronic #clown #losers
You talk like this is your fist stock you bash?
Show me a company who reports to shareholders, to the extent that you wish ?
You will see sales, like every other PUBCO, 45-90 days AFTER the fact, via quarterly reports.
SMH
More comments from LinkedIN...
https://www.linkedin.com/posts/khalpey-ai_khalpeyai-ugcPost-7153002657442336768-BaNr?utm_source=share&utm_medium=member_desktop
This journey isn't just about partnerships; it's about transforming healthcare into something efficient, enduring, and accessible to all. Join us as we blend AI with collaborative efforts, shaping the future of healthcare! Ready to revolutionize healthcare with us?
Enzolytics Inc #khalpeyai
Seafarer Issued USACE Permit for the Juno Site, a key milestone in the project to document, explore and recover key artifacts within historic shipwrecks utilizing proprietary technology.
— Seafarer Exploration (@SeafarerCorp) January 16, 2024
Seafarer also holds an active, previously issued, Admiralty in Rem claim by the United… pic.twitter.com/Iz3iMTJaLP
We’ll see… REV coming in…
GMSacha Inchi $QEDN started to receive payments from PO orders delivered in December
— GMSacha Inchi $QEDN (@GMSachaInchi) January 15, 2024
Link…
$LLBO ORDER TO SHOW CAUSE. Dismissal - We may be getting closer to filings here.. pic.twitter.com/LlSKTkuhTB
— StockRunners (@runners_stock) January 11, 2024
The more you post, the deeper the hole becomes.
#Cover
#cover
Yep, having to buy back at .0009