Nate's Food Company (NHMD)

[jimwalters]

What you are leaving out from such a PO is investor enthusiasm which would certainly take this out of sub penny pretty quickly IMO

The problem with this theory is the toxic note holders still will be converting at $0.00088 (or less). That is still hundreds of millions of new shares that must be absorbed at your theoretical penny level price, which would also give this stock an absurd and unsupportable marketcap.

The writing has been on the walls for a long time. People were saying anything under a dime was a great bargain. Then they said anything under a nickel was a steal. Under a penny? In the trips?

Anyway you slice or dice this, there are too many shares being printed and the capital structure is being blown out by the toxic notes. This happens to every company that takes on toxic debt.