ITEM #1 The Company has been informed by ABCO that Phase 3 will be completed and the Company’s purchase order (discussed in the 8-K filed on August 21, 2015) will be fulfilled within the next 45 days. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10902299
ITEM #2 The company announced a dividend of Series E shares to shareholders with a record date of 9-21-15. Series E shares can be converted beginning October 1, 2016. See below for more details.
1. Beginning October 1, 2016, each share of the Series E Preferred Stock may be converted into 10 shares of common stock at the shareholders election.
2. Beginning October 1, 2018, each share of the Series E Preferred Stock may be converted into 10 shares of common stock at the election of Company.
3. The Series E shall have no voting rights and no dividend rights.
ITEM #3 On July 27, 2015, the Company provided an update stating that “A company has been retained to assist in the development of products for the medical marijuana industry. The Company will receive a fee for each can sold for assisting in the development of a non-piston can product.” To clarify the business transaction, the Company has agreed to sell the raw materials and ingredients necessary for making batter.
The Company has done extensive research and development on the current batter and is selling it to a 3rd party who will make the product themselves from the raw materials purchased from Nate’s Food. The Company (NHMD) is not involved in making medical marijuana products. The Company is selling raw materials and ingredients necessary for making batter at a profit, but has no other ongoing participation in the sales of any finished product of the startup business.
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