Nate's Food Company (NHMD)

[stervc]

Thunderstruck, here's trying with NHMD...

First and foremost, NHMD trades very freaky. Heck, SPZI has an OS and float that's more than 2 billion shares larger and it trades far cleaner. Heck, SPZI is already over .011 per share from its 52wk low of .0001 per share. The share structure has been the same for a good while here with NHMD, but it trades like there's some kind of a convertible note that exists. Even Level II looks like there's some dilution in there. I'm not sure if it is legacy debt or what. I kind of think that it is since the Transfer Agent continues to say that the OS is still the same. So I'm guessing that they are raising money through legacy debt to fund their operations. In reality... I don't know. This is only one guess. I'm guessing Nate and his team has got to see this and probably knows exactly what is going on. If so, they need to have enough sense to let it breathe. Again, only a guess.

I'm also guessing that whenever they are done with the selling, it should move up substantially on more details and more news. I do believe that they are trying to do some real things, but in the market, until such transforms into a reality, belief is usually synonymous with hope. I'm still fine with taking the risk to what will further materialize and I guess it's because I am either too stupid or too stubborn to sell down here... or both.

As for the latest news, it looks like they are leading us to do the math within the 8-K recently filed by NHMD with that amount of up to 8 million barrels a month (which can be increased based on demand):
https://www.otcmarkets.com/filing/html?id=17178543&guid=yjJ-keXhzjIqJth

** 8 million barrels a month (bpm)
** The fuel is sold at the S&P’s Platts Benchmark, which on January 10, 2024, was $110.14 (North American benchmark) per barrel.

So...

8,000,000 (bpm) x $110.14 per barrel = $881,120,000 per month

$881,120,000 per month x 12 months = $10,573,440,000 per year

Heck, that's $10.5 Billion. That's more than the $8 Billion that they had originally mentioned. But wait, here's the tricky part. The 8-K said... up to 8 million barrels a month... Heck, that could be anywhere from... 1 barrel per month to 8 million barrels per month.

I think more finite details are needed to be released yet still, but if this is true, then this could be something very big for NHMD if the details prove to deliver a significant amount of barrels. We still need to know how many finite barrels per month and how much they are getting from what is sold per barrel. They could be getting half of that or it could be a very small fraction of that which could amount to nothing much. They need to stop messing around and tell us so that investors can decide if this is something significantly undervalued or significantly overvalued based on this deal.

v/r
Sterling