Nate's Food Company (NHMD)

[Mothermerc]

Just listened to the 2015 Meeting posted earlier. It reminds me:

A COMMITTEE CAN MAKE DECISIONS THAT ARE DUMBER THAN ANY OF ITS MEMBERS!

Here are some worthless thoughts (opinions) now that time has passed:

1. Start-ups and re-starts can't wait for truckload orders to just roll in from giant retailers first. This is a pipe dream. It's mostly one store at a time. A sale is a sale (but the comment was we just don't want to bother with small sales). Well, any love is good love lol. Meanwhile, the big guys will always ask "Where are you selling it now?"

2. A 30% margin is usually not enough especially for a new product. Retailers need to mark it up 100% to make it worth their while (you sell it to them for 1/2 of the target retail price). Volume sales will get my manufacturing costs down later, until then, I may not make money (only Revenue).

Nonetheless, in my opinion, it seems Nate has done a great job getting to a saleable product. To me, they should not be so shell shocked from the previous venture to want everything different (it seems the last guys knew how to sell).

Always a problem for start-ups, as you can see, it’s NOT EASY to close the first sale!

And time is money/dilution :(