Replies to post #87982 on Nate's Food Company (NHMD)

[trader59]

They are not changing anything in a 14C... Conversion of the Preferred A's requires board approval, there is no fixed ratio to mention. So far, they've approved the conversion of 25000 shares into 1B common shares, and then they approved the agreement with JPE, so his stock is convertible at 20000 common shares for 1 preferred share, 360B total. I'm not expecting him to attempt a dumping, but it is what it is. He'll control the board vote, as well, so whatever he decides goes.

[dinogreeves]

"I think you are wrong."

That is not powerful closing statement. Think and believe are not powerful closing argument.

It should say, "you are 100% wrong"

What that says to me about "Think and or Believe if you chose this term. You are not so sure about your beliefs or thinking.

[JPS02]

Thanks Stervc for all of the DD that you have done to share with us your thoughts and help us see what NHMD is building. It is easy to let the past make us skeptical of the future. You do a good job of helping us see the underlying value to clarify the turnaround story developing here with NHMD.

In regards to the convertible preferred shares, there are OTC tickers that have them and have their pps run. I actually welcome these preferred shares because imo they ensure that:

1. Senior MGMT's interests are aligned with ours as common shareholders. I see it as an insurance for common shareholders as MGMT will want the pps to climb just as much as we do i.e. a bullish indicator on the future of the pps.

- Even if certain classes of preferreds are theoretically able to convert, I believe that the amount of revenues coming in through the contracts will bring in enough value to offset the conversions.

2. The pps is connected to the company and its results of operations. Many times I see OTC tickers whose pps does not reflect the company's value and/or operations. With MGMT having a vested interest in the pps of common stock, it will reduce the risk of having a disconnect between the pps and the OTC company that exists, which is a risk to us as common shareholders with OTC tickers.

3. Since there will be no r/s for 2 years except to uplist, we are protected not only from an r/s but also from any implications of decisions MGMT takes in regards to the preferreds, even if they can convert.

Overall, I think it will be good to have MGMT in the same boat as the NHMD common shareholders as we both prepare for and have mutual interests in the pps climb up. Hope on board MGMT and join the common shareholders club for the ride up!

Go NHMD!