Replies to post #93668 on Nate's Food Company (NHMD)

[HoldEm777]

Good question. I hope you get a response. I am curious.

[legaltips]

Item 8.01 Other Event
It's all in the wording.

On June 10, 2023, the Company initiated preliminary discussions regarding the acquisition of a company operating in the food and/or supplement industry, which could potentially lead to a change of control within the Company. These discussions involve multiple potential acquisition targets, indicating the Company's proactive approach in exploring various opportunities. If an agreement is reached, it is anticipated that the current management would resign, making way for the appointment of new officers and new board of directors.



As of now, the Company has not set a specific timetable for finalizing a deal, nor can it guarantee the consummation of any agreement. This cautious stance reflects the Company's commitment to conducting thorough due diligence and ensuring that any potential acquisition aligns with its strategic goals and vision.



Dated: June 15, 2023

[stervc]

zombywolf, keep in mind with this NHMD new 8-K...

Keep in mind, I'm just a shareholder just like all that are here. I'm not in any of those meetings. So I'm just sharing my thoughts from the outside looking in. Heck, the 8-K today was a curve ball for me too. After reading it though, it does appear that they did cut the legs out from under JP Energy and the market wasn't happy about it. It looks like what they did was something that was unethical, maybe. I'm really not sure because I guess it would depend on certain details from behind the scenes that are unknown right now from both sides.

It looks like Nate and his team had more confidence in their partners putting up the $6.2 Million per month for 12 months instead of relying on the letters of credit route that JP Energy with John Park was bringing to the table. Regardless, if they execute on this deal to actually start receiving from the buyer the $6.2 Million per month as the 30% of the contract and the other 70% to be sent to NHMD upon presenting the buyer the shipping documents confirming that the sugar is enroute before it even arrives. This is a huge show of confidence that the buyer has in NHMD and its new partners. The deal is expected to close by the end of the week. If it doesn't, then people are going to believe that Nate and his partners are full of BS.

However, if it does close and everything is as they have stated, then I think it will be huge. From doing the math, $6.2 Million is 30% of $20.7 Million on a per month basis for the next 12 months. I guess I thought it would be higher, but the amount of the contract looks like it could be $248,400,000 ($20.7 Million x 12 months) in value per year. If they truly manifest that into reality, then that would be huge for any stock at these levels. Just from a Market Capital perspective, based on its current Market Cap as of right now, NHMD is trading nearly 50 times lower than where it should be trading based on this new contract. Again, that's if they could manifest this deal into reality which is yet to be seen.

v/r
Sterling