The owners would not have gone through all this time and expense to create a separate company unless they were looking out for themselves first. Nate is protecting his patent. Nothing wrong with that. Its like in real estate, you create holding companies to protect personal assets.
They also haven't adequately financed this public company as is evident by the disclosure disclosed in an earlier post today. Haven't adequately financed the company? Nate and management issued loans to the company and formed partnerships to keep expenses low as well as place the burden on ABCO and 1PM. ABCO and 1PM are not getting paid until cans are sold. That is very great financing if you ask me. NHMD didnt have to shell out any cash to build facility or for online distro and marketing. ALL expenses are covered by ABCO and 1PM...Any shortfalls with other expenses were paid by shareholder loans from Nate and Management. Its all in the filings. A CEO that lends his company a loan at zero percent tells me he is confident. ABCO CEO financed the whole production facility build out pretty much and hasn't been paid yet. That in itself tells me ABCO CEO has even more confidence in the company!
If it is true that most of the significant ramp up expenses are not being run through Nate's food company then perhaps I would change my mind but I doubt that is the case. Listen to the conference call and it will clear some things up. I ask about issuing shares multiple times at the shareholder meeting...
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