Home > Boards > US OTC > Food - Beverages > Nate's Food Co. (NHMD)

CURRENT STATUS as of 7/11/2016

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CowboysNation88   Monday, 07/11/16 08:22:13 AM
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CURRENT STATUS as of 7/11/2016

Share Structure As of 5/31/16:
O/S: 240,408,891
Float: 238,658,89
http://www.natesfoodco.com/
http://www.nateshomemade.com
Shares held by a small handful of longs: 100 million+

ONLINE STORE: http://www.nateshomemade.com/store
The Company has worked to open the online store in order to provide nationwide availability to our products, primarily to benefit consumers who may initially lack access through their local markets and grocery outlets.

NEW CANS:
https://twitter.com/George323818/status/728334118136614913
https://twitter.com/George323818/status/730188524658401280?s

Convertible DEBT REDUCTION in progress:
Update: 7/8//2016
On July 15, 2015, the Company received financing in the amount of $80,000 from Typenex Co-Investment, LLC . On July 8, 2016, the Company made a payment of 50% of the balance then due in the amount of $57,000.00, and entered into a Forbearance Agreement with Typenex regarding conversion of the balance of $57,000.00 debt into Shares of Common Stock at an agreed upon discount and frequency of conversions. After Typenex has completed their conversion of the balance owed, the Company will have paid off all four outstanding convertible debt instruments in full. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11483784

Update: 06/27/2016
On September 25, 2015, the Company received financing in the amount of $68,250 from BOU Trust and on June 24, 2016, the Company paid off the full balance due including interest and retired this debt entirely for the sum of $75,000. The Company is in ongoing negotiations with the remaining lender to pay off their note as well. At present, the Company has one convertible notes with Typenex. If the Company is successful in its negotiations with Typenex, that debt will be retired as well. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11459825

Update: 06/22/2016
On August 14, 2015, the Company received financing in the amount of $65,500 from EMA Financial, LLC , and on June 21, 2016, the Company paid off the full balance due including interest and retired this debt entirely for the sum of $74,381.68. The Company is in ongoing negotiations with the remaining lenders to pay off their notes as well. At present, the Company still has convertible notes with Typenex, and BOU Trust. If the Company is successful in its negotiations with these two note holders, those debts will be retired as well. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11453993

Update: 06/17/2016
On November 5, 2015, the Company received financing in the amount of $55,000 from Fourth Man, LLC, and on June 16, 2016, the Company paid off the full balance due including interest and retired this debt entirely for the sum of $75,000. The Company is in ongoing negotiations with the other three lenders to pay off their notes as well. At present, the Company has convertible notes with Typenex, EMA Financial and BOU Trust. If the Company is successful in its negotiations with these three note holders, those debts will be retired as well. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11449139

DISTRIBUTION:
Update: 05/23/2016
Since April 24, 2016, the Company has been in negotiations with large manufacturing concern regarding a private label licensing agreement for Nate’s Pancake and Waffle Batter. On May 18, 2016, the Company signed a Letter of Intent outlining the terms of the 10 year licensing agreement. The Company expects the final negotiations of the contractual terms will be completed over the next 90 days and the licensee plans to begin production within 120 days of execution. The Company anticipates the royalties received from the sale of the licensee’s product will significantly contribute to the Company’s revenue. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11403413

Update: 05/11/2016
On May 10th, 2016, the Company made arrangements to establish a new online store. The store will be in operation beginning in June, 2016, reselling Nate’s Homemade Pancake and Waffle Batter retail to the public. The Company has made the decision to open an online store in order to provide nationwide availability to our products, primarily to benefit consumers who may initially lack access through their local markets and grocery outlets. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11376533

Update: 05/5/2016
On April 28, 2016, the Company sent samples and product information to ConAgra's Innovation Group for evaluation. ConAgra expressed interest in evaluating Nate’s Homemade Pancake and Waffle Batter and the samples were sent in response to their request. ConAgra has maintained an interest in aerosol batters due to their long term relationship with Nate Steck. Their initial response to the product was positive and the samples are now being evaluated by the Innovation Group at ConAgra.Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11361770

Update: 05/3/2016
Since April 24, 2016, the Company has been in negotiations with large manufacturing concern regarding a private label licensing agreement for Nate’s Pancake and Waffle Batter. The manufacturing group has represented that through their distribution network they will be able to sell over 2,000,000 units per month. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11354530

Update: 04/29/16
On April 11, 2016, the Company sent samples to Kroger’s Corporate Office and New Product Evaluation Division. Jeff West is having ongoing conversations with Krogers to determine next steps.

The Company also sent samples to QVC for evaluation and Jeff West is following up with his contacts at QVC for next steps.

Production of Nate’s Homemade Pancake and Waffle Batter began in April and has been running smoothly. Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11347613



The BATTER BLASTER STORY:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123686510






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