Financed - Capitalized, it doesn't matter how you say it; they don't have adequate of either, and there's a difference between protecting your assets and using other people as pawns to enrich your situation. It would be fine if investors had a chance to benefit, but the structure is set up otherwise.
I haven't been able to find any information that shows Nate Steck loaned any money to NHMD. The 10Q says "our shareholder." That doesn't mean anything other than a shareholder. Also, the financing activities that we do know about come from outside affiliates who have received huge share amounts for what has been called "consulting services." Don't believe that there isn't a huge cost tied to these financing events because there is. I also haven't seen any evidence that these loans are interest free.
There are dealings and promises that none of us know about concerning the personal holdings and dealings between consulting, financing and promises made to these so called benefactors of NHMD.
Investors should step back and take a fresh look at "old information" and see who the structure of Nate's really benefits.
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