Nate's Food Company (NHMD)

[surfkast]

The Batter in a can was nothing but a scam. Back in 2014 they claimed to have shipped 3 million cans to China

. On May 19, 2014, the Company completed a reverse merger between Nate’s Pancakes, Inc and Capital Resource Alliance. Nate’s Pancakes was the surviving Company. In May 2014, the Company changed its name from Capital Resource Alliance to Nate’s Food Co.

Nate’s Food Co. Announces Export of 3 Million Cans To China
November 18, 2014 08:00 AM Eastern Standard Time
LOS ANGELES--(BUSINESS WIRE)--Nate’s Food Co. (OTC: NHMD) announced today that it has reached an agreement to export 3 million cans to China. As a result of the shift in China towards a preference for westernized products and the lack of a dominant US Company, the Company views China as having greater potential for growth than the United States. The Company is forecasting that Chinese sales could exceed 25 million cans annually by 2018. Between the United States and China, the Company is expecting sales to exceed 50 million cans annually within the next 3-5 years.

https://www.businesswire.com/news/home/20141118005522/en/Nate%E2%80%99s-Food-Co.-Announces-Export-of-3-Million-Cans-To-China

Then they became a bit coin miner in October 2021. That scam was another bust.

Our Company generated $25,168 and $70,395 revenue from digital currency mining for the years ended May 31, 2023 and 2022, respectively. The Company commenced the mining of Bitcoin in September 2021. Our Company generated $25,168 in Bitcoin Mining revenue with a gross loss of $30,011 for the year ended May 31, 2023 compared to $70,395 in Bitcoin Mining revenue with a gross loss of $126,794 for the year ended May 31, 2022..



Cost of Revenue



The cost of digital currency mining revenue was $55,179 and $197,189 for the years ended May 31, 2023 and 2022, respectively. The cost of digital currency mining revenue consists of electricity, amortization, and other co-location hosting fees, which are remitted in Bitcoin and cash payments for equipment leases and hosting. The cost of revenues for May 31, 2023 was comprised of $11,242 for electricity, $18,805 for hosting and maintenance, $9,900 for equipment leases, $14,143 in equipment amortization and $1,089 for mining fees. This compared to cost of revenues for May 31, 2022, which comprised of $26,651 for electricity, $169,965 for equipment leases, $397 in equipment amortization and $176 for mining fees.

The Company is engaged in “Bitcoin Mining” – i.e. the process by which Bitcoins are created resulting in new blocks being added to the blockchain and new Bitcoins being issued to the miners. The Company initially leases mining equipment that begin mining in October 2021. In addition to the leased equipment, the company has purchased additional S19j Pro (100TH). The Bitcoin Mining equipment is hosted by 3rd party datacenters or farms (often referred as a “Co-Location”) that will power and operate our Bitcoin Mining equipment for a fee.

https://www.otcmarkets.com/filing/html?id=15486351&guid=WWg-k6JxIBqfJth

Now the new pump and dump is sugar exporting with very special conditions for a R/M.

Item 1.01 Entry into a Material Definitive Agreement.



On September 19, 2023, the Company finalized an agreement with JP Energy Group. As an integral part of this transaction, all current members of the board of directors and officers will resign. Effective September 20, 2023, Marc Kassoff resigned from his position as an officer and director of the Company. Nate Steck will continue to serve as an officer and director, playing a pivotal role in facilitating the smooth transition between the Company and JP Energy Group and will resign upon closing on the agreement.



On May 31, 2023, JP Energy Partners entered into a contract for the supply of up to 600,000 metric tons of sugar to be delivered to China comprising of two shipments. Ther first shipment is to be up to 250,000 metric tons and the second shipment consists of up to 350,000 metric tons. The contract has a maximum payment of approximately $268,140,000 including all fees and discounts. It's important to note that, to date, no shipments have taken place under this contract and JP energy Group is in the process of finalizing the bank financing for the transaction which is contingent to close on the transaction above.



As part of the overarching agreement, JP Energy Partners will be transferring the rights and obligations of this contract to JP Energy Group. A crucial condition for finalizing this agreement is the securing of the necessary financing agreements by JP Energy Group, which are a necessary step to fulfill the terms of the sugar contract mentioned above.



The agreement between Nate’s Food Co. and JP Energy Group will not close until the following conditions have been met:





1.

JP Energy Partners has transferred all rights to the sale of the sugar mentioned above to JP Energy Group, and



2.

JP Energy Group has secured the necessary financing for the sugar contract.

https://www.otcmarkets.com/filing/html?id=16941153&guid=WWg-k6JxIBqfJth

New bag holders will be created as this is just another Wade/Steck pump and dump.

Yes it had a nice pop. But I believe it will fall just as fast!