Stevec thanks for all the great info...question though sugar contracts...chicken feet aside...Just having the licencing through the GACC and Bureau of Import and Export Food Safety in China to be able to sell products in China....that's got to be worth quite a lot....don't you think? .... I would ..... thanks in advance and again great info
It's all there in the 8K. Pretty clear. If they proceed with the R/M with JP Energy it will be even that much bigger. However, per the 8K, it would appear they are presently working with a strategic partner and highly regarded commodities broker to add additional contracts as we type.
No dilution tells me many bashers were busy striking fear into retail investors. Huge volume today and NO dilution tells me many folks got shaken out and all because of the bashers. However, I do believe some savvy whale investors were chomping them up! Locked and Loaded.
To sum up today: GREAT 8K and manipulated sell-off imho!
How do you explain the fact that they obviously lied about the May China order after this 8k? Follow up- Nate was supposed to exit the company after the merge, but just cut the legs out of JP Energy-what kind of merge is that? Last follow up-since when do you support and massively pump a company that just lied to your face?
Wash, rinse and repeat! Nate has been lying since 2014!
** The company anticipates full execution of the contract this week and subsequent shipment in December 2023.
** The company is actively engaged in securing additional contracts. One of which involves the sale of chicken paws, anticipated to be finalized within the next 4-6 weeks. These contracts, like the previous one mentioned above, are entirely separate from JP Energy Group.
** The company has established a robust strategic partnership with a highly regarded commodities broker possessing extensive expertise in executing and fulfilling commodities contracts. This collaborative effort sees the broker actively supporting the company in procuring additional contracts across a diverse range of products.
Nate’s Food Co. Announces It has Begun Discussions For Grocery Placement of Nate’s Pancakes For Up to 4.5 Million Cans per year
Los Angeles, California, October 20, 2014 – Nate’s Food Co, Inc. (OTC: NHMD) announced today that it has begun discussions to have Nate’s Pancakes sold in grocery stores. Nate’s Pancakes make ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. Our pre-made batter makes light and airy pancakes or waffles that are fun for the entire family to make together, and are a great way to start your day.
Q3. How soon can we expect an update in regard to the contract NHMD was finalizing in regard to the 100,000 can order that was to be sold online?
A3. The company is waiting to see what the response on the 17 th of November before finalizing with an the online retailer as we may consider keeping that in house.
Item 8.01 Other Information
1. The Company is currently finalizing its strategic sales plan. The strategic plan is used by the Company to coordinate its sales and marketing functions to drive customers to its products. Currently, the Company is looking at a 3-phase rollout process.
Phase 1: rollout with one division of a membership store (i.e. Costco) and then proceed to expand throughout the other divisions. The Company has internally used Costco as a possible customer for its first phase.
Phase 2: introduce the product to convenient stores such as 7-11. The Company prefers the convenient store model because the number of convenient stores is significantly higher than traditional retail grocery stores. For example, 7-11 has 54,200 stores in 16 countries of which 10,400 are in North America. These stores provide a large footprint in North American but also allow was easy expansion internationally.
Phase 3: This phase consists of placement of the Company’s products in Walmart and/or Target.
Q.4. How long before the factory in Indiana will be completed.
Q.4. The factory in Indiana is expected to be completed in 2016. It is being built to produce 50 – 100 million cans a year. The Company does not expect to need that level of production within the next 12 months. We expect construction to start shortly after the winter season.
Q.2 When does the Company expect to receive the purchase order and how many cans do you expect the order will be for?
A.2. There is no set date that the Company will receive the purchase order. The Company expects to obtain a purchase order within the next couple of weeks.
Item 8.01 Other Events
On February 17, 2015, the Company’s food broker had a very successful meeting and will continue moving forward with follow up discussions next week regarding program details and possible delivery dates.
Q.1. How are the meeting with stores progressing?
A.1. The Company has had very successful meetings with retailers and big box stores. The Company is continuing these discussions and exploring which of these retailers would be the best partner to initially launch the retail product through, as well as support The Company’s long term business goals. The Company’s discussions have included national brands Costco, Target, Kroger and other regional brands.
Q.1. What is the current status of sales to grocery and box stores?
A.1. The Company has received positive updates from ABCO and that Phase 3 will be completed ahead of schedule. As such, the Company has been working on lowering the cost to produce for grocery retail. In July we will commence sending out samples of the product to Wal-Mart, Target, Sam’s Club, Costco, Kroger, BJ’s and Albertson’s with our new wholesale pricing. The Company’s goal is to have the necessary audits completed by the by 4th quarter 2015 and deliveries to begin 1st quarter 2016. This will promote a two-prong strategy of branded stores and retail grocery chain.
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