Replies to post #66610 on Nate's Food Company (NHMD)

[Sheepdog]

Just selling more shares. That is what this Company does. And slips a few freebees to themselves in the process.

[surfkast]

They will pay off a lot more after issuing another 500 million shares!

The notes got paid off by increasing the O/S from 77 million to over 275 million.

Per the filing Typenex will be entitled to at least another 80 million.

Then the 77 million class E conversions next month plus the 150 million Class D in January...

Toss in Marc and Nates shares and don't forget the Series B Preferred Stock, Par Value $.0001, 150,000 shares authorized, 149,365 issued and outstanding, respectively which can be converted per the following into another 149 million shares. Plus any other debt that we do not know about.


(b)
The Series B Preferred converts into Common Stock at a ratio of 1:1,000. However, the Series B may not be converted for a period of 12 months.
(c)
Nate Steck is entitled to 50,250,000 shares of Common Stock upon the conversion of his Series B Preferred
(d)
Marc Kassoff is entitled to 50,250,000 shares of Common Stock upon the conversion of his Series B Preferred
(e)
Tim Denton is entitled to 15,000,000 shares of Common Stock upon the conversion of his Series B Preferred
(f)
Jeremy Kaplan is entitled to 15,000,000 shares of Common Stock upon the conversion of his Series B Preferred
(g)
The officers and directors have the right to receive 130,500,000 shares of Common Stock upon the conversion of the Series B Preferred.