HoldEm777, with the NHMD selling as of late...
I think some of the selling of NHMD is coming from a little bit of everywhere. For the most part, I think it is retail investors being spooked about the deal until something is released to confirm that the deal is still on the table. I also believe that some of the selling is from the legacy debt that I had explained a good while ago that showed how even though the Outstanding Shares (OS) was remaining the same, the shares at the Depository Trust Company (DTC) had kept on increasing. I think now most of those shares have been exhausted.
I think this is part of the reason why the deal could have been delayed. I think they could have wanted to make sure all of those shares were exhausted into the market to be able to have the vehicle considered clean before transitioning it over to the new management team. As I explained before, both sides are not doing this deal for free. Both sides are likely going to want to have some kind of skin in the game. I think it is going to be important to make sure that there is not greed on each of the parties for closing the deal that would bring huge dilution.
I still believe that the deal is done based on all of the 8-Ks, 14Cs, PRs, Tweets, etc. that have been publicly released. I think a few last minute tweaks popped up to make sure everything is correctly laid out to the benefit of all and not just one side or the other. If I am correct, then I suspect that we will see a major turnaround with the new beginning for NHMD since this is not the end as the story is still being told. I'm taking my chances that we will have a happy ending.
NHMD is a fully reporting SEC filing company. I think the NHMD management team are very aware of the legal actions that would be brought on them if they botch this up to screw shareholders or they will definitely learn. I believe they will do the right thing.
v/r
Sterling
Bullish
AI
