Nate's Food Company (NHMD)

[stervc]

trader59, with the NHMD Preferred Shares & the Merger...

First, my apology to you if some of my personal thoughts had come across a little personal and off topic. The topic here within this forum is NHMD so let's keep it like that regardless of how good or bad I am at picking the right or wrong stocks.

Hmmm... let's see what we can agree on. I agree that the Series A Preferred is a little confusing since they did not indicate them being converted into common shares and stated that they only represent voting rights. But right in line with what's filed with the company's Articles of Incorporation within the Colorado Secretary of State (SOS), the company stated... "Each Series A Preferred Share cannot be converted into Common Shares, unless it is approved by the Board of Directors and agreed upon by the Series A Preferred Shareholders"...
https://www.sos.state.co.us/biz/BusinessEntityCriteriaExt.do
(You have to enter only "Nate's Food" within the Search field to pull up the NHMD information.)

https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20001007090&fileId=20228247722

I got what you were saying about the board approval thing, but I wanted you understand what I was saying as to how I saw that it wasn't an issue about the Series A Preferred being converted into common shares. I just felt like if they had any intentions on converting any of those Series A Preferred Shares into common shares by a certain ratio, they most definitely would have indicated such right there under the section titled "Conversion Rights" with their "Articles of Incorporation" filed with the Colorado SOS. I also had interpreted such like that because I had seen companies in the past that made changes intentionally to show no conversion into common shares of their preferred shares structured to look just like such afterwards.

Something else we both hadn't thought of was that maybe they are not sure how they were going to fix that for something needing to be changed when the time comes and left it out because of that. The only reason why I'm thinking like so as an option is because if it is as you had suggested as an option to consider, then maybe they are going to come up with a more logical ratio for the 18M of Series A Preferred Shares that are being used for the change of control. If it as I had suggested as an option to consider, then that would mean that the incoming merging company would have no skin in the game because they would not own any common shares. With putting myself in their shoes, if I owned some common shares, that would motivate me to really really grow the company to really really grow my investment in myself as a company. Without that, why would I be motivated to put my $568M worth of contracts into NHMD? Maybe then I wouldn't be so motivated. They are not doing this for free. They are not doing this to just make shareholders lucrative while they gain nothing. I think it's fair to expect a change that would also take care of the incoming company to benefit from the fruitages of their labor.

From the way how I see it, there are two sides that have to be taken care of to their satisfaction in order for the deal to consummate. There is the side of Nate Steck and the old team that were involved who are giving up their public entity and John Park and the new team that is coming on board. Nate is not going to let those guys have the public vehicle NHMD for free. So this is where I think the Series B, C, D, and E Preferred Shares come into play. This is where I think that they will disseminate amongst themselves the 411M shares that I explained in this post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173081168

I think the new team coming on board or the new company will be part of the 18M Series A Preferred Shares for getting paid. I'm thinking that the logic I stated earlier applies. The incoming merger wants to have some skin in the game to be motivated to grow their investment of NHMD. It would make sense as it would also position the new company merging in to have an Exit Strategy later down the road after they grow the company to be trading on the NASDAQ as they have suggested.

So far, they have been above board with communicating with shareholders. I am going to trust NHMD to make sure that however they decide to structure the deal, that it would be in a way that will be in the best interest of themselves and us shareholders. The $568M in contracts gives them a great cushion for room to be creative enough to bring about significant growth.

Now let's talk about the operations coming into NHMD. Sometimes when I get excited about a stock, I might show it a little. That's all it is. My definition of pumping is if I was just coming in here saying... "Buy now! We're going to a dollar!"... or "Hop on board! We're going to the moon!"... then that is pumping as there is no substance or justification. I think the true definition of pumping is derived and should be aligned in nature by the heart condition too with what you are saying. I'm not trying to get people to sell while I am posting. Heck, I 've been in NHMD since 2021 and I bought initially in the .002s as high as .0028 per share as I had indicated within the post below from my Ameritrade account:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173067372

I'm simply sharing why I like the risk that exists in the stock that I am posting about. Then I try to explain through logical deduction the potential that exists in a stock. I think learning the valuation that exists in a stock is important to help one to know or have some kind of an Exit Strategy if for some reason things start to manifest into a reality. That's why I do my valuation posts from time to time. Take for an example which was sub-penny about a week ago. I stated valuation thoughts about BLFR that it should be worth right now $1.00 to $3.00 per share. Yesterday, it closed at .26 per share. Those bashing me would never even know or bring it up. My point in why I'm bringing this up, if it gets to over $1.00 per share, it won't be because of me and any valuation thoughts that I stated. It wouldn't mean that I was right. It's not up to me for determining if my valuations posts or thoughts are right or wrong. It's up to the company and if they deliver on what they are claiming they will achieve. It would be because of the market learning and understanding what exists for themselves and because of the company doing the things to make investors believe in them as an investment.

Now let's talk NHMD and the valuations that could exist. Wait, I just thought. I think we should first talk about why I believe that the operations coming into NHMD are real. Anybody remember XLA from the old days? It started out sub-penny and went to trading well over $100.00 per share and got uplisted to trade on the NASDAQ and was later ceased to trade as it later was known to be a scam. Does this mean that NHMD is a scam? No it does not. My point is that no matter how big things are, I do understand that any stock I'm in could actually end up being a scam. I do know too that the SEC is well aware of the large numbers for their contracts that were filed in 8-Ks with the SEC and I can assure you that they have likely spoke to whoever they needed to speak to or had sent to them whatever was needed to be sent to them to review the validity of their deals. If this had not happened, NHMD would have been halted either a long time ago or they would have been instructed by the SEC to take them 8-Ks down. I know of a few companies and CEOs that were scrutinized like such for something far less.

NHMD is a fully reporting company that files audited financials with the SEC. On Sep 21, 2023, NHMD filed an 8-K with the SEC confirming the Change of Control of NHMD going over to JP Energy Group:
https://www.otcmarkets.com/filing/html?id=16941153&guid=1jg-kpw7lRDWJth

The beauty about this deal is that JP Energy Group needed to have transferred over to them all rights to the sale of the Sugar Contract from JP Energy Partners that has a maximum value of $268,140,000 including all fees and discounts per the 8-K filed by NHMD below which is one of the prerequisites to move forward. As indicated from the post below, they have done this:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173070478

The other requirement was the financing for the contract. They stated that have a verbal approval for the financing for the $268 Million Sugar contract in the earlier 8-K filed with the SEC below:
https://www.otcmarkets.com/filing/html?id=16966415&guid=FG5-kF8sfHc8Kih

Then they did as they have stated and filed the PRE-14C and then tweeted that the DEF-14C will be filed on Oct 30, 2023:
https://www.otcmarkets.com/filing/html?id=16994480&guid=Dr5-kqe4gPf_Tih

That strongly suggests that it is done in my opinion or at least that the hard part is out of the way. Thus far, they are waiting to officially secure the financing via receipt of its Letter of Credit that they have been officially waiting for that they are expecting any day now.

Here are some important corrections to verify that their connection with the General Administration of Customs China (GACC) is confirmed and legit:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173063762

Before we can go any further, I think we all should agree and know that these are the formulas that are used to asses the Fundamental Valuation of a stock:

Revenues x Net Profit Margin = Net Income
Net Income ÷ Outstanding Shares (OS) = Earnings Per Share (EPS)
Earnings Per Share (EPS) x Price to Earnings (P/E) Ratio = Share Price Valuation

Below are some thoughts that were shared within a valuation post for indicating a "potential" valuation:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173067140

I ask that you and all that believe that such valuation thoughts were too aggressive to share your thoughts on a more conservative valuation.

v/r
Sterling