Nate's Food Company (NHMD)

[Sleepy2016]

If it goes that low, you can just buy the float for close to nothing.

Not really. If it did drop that low then that would mean that hundreds of millions of new shares would have been issued by then and hundreds of millions more shares would have to be issued to satisfy the terms for the conversions. The AS would have to be increased well into the billions.

Again, that is how toxic financing works and why it's so bad. Unfortunately, with zero revenue not even expected for several more months they have no choice but to sign on for even more convertible notes.