I think some are really underestimating investors here for thinking that we are stupid with understanding all of the dynamics here with NHMD. Many here have already known, researched, or read through the bad history even here within the forum to know that Nate Steck bought the NHMD entity from Joseph Wade Mezey who was heavily invested in the pancake deal. The pancake deal didn't work out as we know. We also know that Joseph was issued a Desist and Refrain Order by the State of California to where he was disbarred as a lawyer in 2010. Then later Nate moved into bitcoin mining where it was thought that he bought the mines from a company that was ran by Joseph's mother which looks like it was another failed venture. This leads one to think that Joseph still has a vested interest in NHMD which could be good and/or bad. It just depends on how you choose to interpret such along with what "actually" manifests into a reality for the company going forward. Results are going to be what determines how NHMD will be judged. Right now, not very good as it is really not rocket science to see and know this.
Some have been knowing most, if not all of that info above for years. My thoughts about that info is... so what? It has nothing to do with the price of tea in China! That's probably why NHMD was sitting at .0001 by .0002 per share for the longest. Reasons like that are probably why many penny stocks are sitting at their lows. Most penny stocks sitting at their lows are probably sitting at their lows because of something negative that exists in the first place. This is something that every single person that ever decides to buy any stock, especially a penny stock, should understand. Something else that should be understood. I do not know Nate Steck, the CEO of NHMD. I don't know if he is a good man or a bad man. I am not going to judge him because of his past failures with NHMD. I have to presume that he was trying the best that he knows to bring something of value into NHMD.
So... What changed? Hope! That is what changed for NHMD. I personally all of my life have operated with looking through the "windshield" and not looking through the "rearview mirror" in life. I don't linger on to the past negative things that have transpired in my life. I just make sure I understand them enough to try to not repeat them while always putting myself in a positive mindset to move forward. That's how I am with my style of investing. I don't really care and linger on to the past things about a stock. It's all about what they are doing now to move forward. Imagine that if you are always looking through the "rearview mirror" when driving, you will never be able to positively move forward. Just imagine the accidents and driving off the road occurrences that will happen. Those thinking differently than this, please, go get in your car and try it and let me know how far you have gotten moving forward. I can promise that you would never reach your destination or achieve your goal.
That was the day that "hope" was instilled into NHMD. Why? Because people had seen that there is hope that the old management that had lost confidence in the market was being replaced by someone and something new. On that day alone on Sep 21, 2023, NHMD had traded 812,729,081 shares to close at .0002 per share. Then on the next day of Sep 22, 2023, NHMD opened up at .0002 per share and traded 945,831,844 shares which can be confirmed from the link below: https://ih.advfn.com/stock-market/USOTC/nates-food-pk-NHMD/historical/more-historical-data?current=1&Date1=09/12/23&Date2=01/16/24
So NHMD had gone from literally no volume to major volume from investors choosing to take the risk that there is some positive hope existing for growth that could transpire in NHMD. My thoughts were just like those investors. I am looking for reasons "why" to buy a stock, particularly a penny stock. If I went around looking for reasons "why not" to buy a penny stock, I wouldn't buy anything. Heck, whatever negative that exists with a penny stock is probably a major reason why they are a penny stock in the first place. For some reason, bashers go around thinking that we are stupid and don't know this or can't learn this for those that are new to learning about penny stocks.
With what you posted, it is great intel for showing what could have been here with NHMD, but now is not. John K. Park is doing really well with growing SPZI as one can only imagine if this was all in NHMD. I'm not a hater. I am happy for all of them that are doing well with that situation.
I think I'm done with the dealing with the negative right now. Now, let's focus on the positive. They released news last week regarding their jet fuel deal. Today, they released a PR adding a little more details of which could prove to be something very big:
HUNTINGTON BEACH, Calif., Jan. 18, 2024 (GLOBE NEWSWIRE) -- via IBN – Nate's Food Co. (OTC: NHMD) announces that the company has successfully secured a purchase order for 49,000,000 barrels of jet fuel, with an estimated value of nearly $5 billion based on current Platts pricing.
The deal is structured as follows:
• An initial transaction of 1,000,000 barrels of jet fuel. • Subsequent monthly deliveries of 4,000,000 barrels for a duration of 12 months.
This purchase order was made possible by our recent joint venture (JV) partnership that was announced last week. The partnership has enabled us to ensure a consistent and reliable supply of jet fuel from a reputable refinery, streamlining the entire process between our JV partner and our buyers.
To guarantee the successful execution of this order, Nate's Food Co is currently engaged in several crucial activities:
1. Authorization to Verify (ATV) from Tank Farm: We are actively working with our tank storage farm in Rotterdam to establish the terminal agreement activation with the Port of Rotterdam. This step is vital for obtaining the Authorization to Verify (ATV) from the tank farm, which is a prerequisite for our supplier to proceed with the delivery process of the purchased jet fuel. 2. SGS Report Confirmation: Once the ATV is sent and verified by both our supplier and JV partner, we will receive an SGS (Société Générale de Surveillance) report from the refinery. This report will provide information on the quality and compliance of the jet fuel, ensuring it meets the highest industry standards. We will promptly forward the SGS report to our buyer, who commits to sending the funds under the purchase order within 24 hours of confirming the SGS report. It's worth noting that if the SGS report is older than 72 hours, the buyer has the option to perform a dip test on the fuel before funding. 3. Tank Storage Agreement (TSA): In this regard, we are pleased to share that we have already received the draft tank storage agreement from the tank farm. Our dedicated team is diligently reviewing this agreement to ensure its alignment with our purchase orders and the seamless execution of our commitments.
Link to Platts Pricing for Jet Fuel: Platts Pricing for Jet Fuel. Pricing for Platts North American was $110.28 per barrel as of January 16, 2024 at 5:48 pm EST
About Nate's Food Co (OTC: NHMD): Nate's Food Co is a dynamic and forward-thinking company dedicated to providing high-quality solutions to its clients, with a strong focus on the commodity business.
Please note that certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services, or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions, and all statements that are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no obligation to update the forward-looking statements contained in this press release.
Please be aware that while the Company believes that its revenue-related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to a number of business-related factors.
For more information: Nate's Food Co. Email: nate@nateshomemade.com Phone: 650-222-5141
