Nate's Food Company (NHMD)

[surfkast]

What is 9.9% of 1 billion shares? I smell it coming!

NHMD filing:

REASONS

The Board of Directors and the Majority Shareholders have approved the amendment to the Articles of Incorporation in order to provide the Company with flexibility in pursuing its long-term business objectives. The primary reasons for the amendment are:


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Management may in the future pursue opportunities to obtain capital in order to fully implement the Company’s business plan. A reserve of common shares available for issuance from time-to-time will enable the Company to entertain a broad variety of financing proposals.


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Management may utilize the additional shares in connection with corporate acquisitions, joint venture arrangements, or for other corporate purposes, including the solicitation and compensation of key personnel.

OPMZ/Joseph Wade Mezey who runs NHMD!


On July 11, 2017, the Company made the decision to discontinue the practice of providing seed capital for clients, at least through 1pm Industries, Inc. From this point forward, the company will collect 9.9% of a company’s equity on the front end of each project and will no longer provide financing support through the company. This accounting decision was made to ensure the ability to book all revenue as top line revenue vs “other income”. This move will ensure a clearer understanding for shareholders as to the revenue and profit results of the company on a quarterly and annual basis.


https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12177920