Nate's Food Company (NHMD)

[Bocephus]

Anyone here reluctant to have a shareholder meeting to decide if NHMD should repurchase shares?



(3) In December 2014, the Company agreed to buy back approximately 22,797,000 shares of Common Stock. With the intent that the shares would be cancelled. The majority of terms have been agreed to including purchase price and term of payment. However, the Company wants the repurchase to be agreed to by the common shareholders at a shareholder meeting. The shares being repurchased are from affiliates of the Company that acquired their shares prior to the reverse merger with Nate’s Food. The Company believes that since the shareholders are deemed affiliates that the transaction should be approved by shareholders. The Company has begun internal discussions to withdrawal its offer to repurchase the shares due to the shareholders reluctance to agree to the shareholder meeting as a condition to the agreement.