NHMD Is Up 2,400% In
One Month, Amid Large
Contracts, And Steady Filings
Related To Reverse Merger Plans.
Nate’s Food, Co., (PINK:NHMD) has continued its steady run after a brief sharp dip period, and is now up 2,400% in the past month from a low of $.0001 to a close at $.0024, this past Friday. The move has set it apart as not only one of the fastest growing OTC Market stock within that time frame but also in general, one of the fastest gaining stocks in the world, over the course of the past month and the potential for further positive growth action is high.
We would like to mention again, that NHMD was not one of the private picks that we sent to our Platinum Members but there will be some huge new picks released to our members soon. Remember to Subscribe To A Platinum Membership, if you would like to gain special early access to our best picks before they are released to the public. We have had numerous huge winners in the past and expect to have many more upcoming.
In our first NHMD news update, on October 11th 2023, we pinpointed the fact that this stock had seen a 1,400% gain in just two and a half weeks-time from a low of $.0001 to a close at $.0014. In that update we revealed that we had chosen to join in on the hype surrounding NHMD and purchased shares but have since purchased more, now bringing our total shares purchased on the open market and still currently held, to 1,903,881 shares of NHMD. We otherwise would like to note once again, that we have not been compensated in any way for our coverage of NHMD via shares of any sort, cash, or any other means. We have declined all offers for coverage of any stocks for the past 7 years and intend to continue that practice. We do however, currently intend to purchase more shares of NHMD in the open market, due to the strong potential that it holds for further growth.
Recent Growth Action Has Been Due To A Combined Strategy Of Filings And Tweets From The NHMD Twitter Account, Combined With Expectation That Reverse Merger Completion Is Near:
In our NHMD alert last week, we covered the fact that Nate’s Food Co., has filed multiple 8-K reports over the course of the past month, as well as a 10-K report that was filed on 9/13/23 and most recently a Pre14C on October 19th 2023. This steady flow of nearly back to back updates has seen liquidity drain from the majority of other penny stocks on the OTC Market and into NHMD pumping the stock heavily along with the overall build of the hype surrounding this one.
In this NHMD tweet on October 20th 2023 the company stated that it intends to file its DEF14C by October 30th 2023, which it stated within the tweet, would pave the way for the completion of the reverse merger with JP Energy Group.
The Bulk Of The Hype Surrounding NHMD Deals With The Fact That The Company Has Filed Reports Showing Two Contracts Valued At Hundreds Of Millions Of Dollars, With Hopeful Potential That There Could Be More Upcoming:
NHMD has previously filed documentation showing that on May 31, 2023, JP Energy Partners entered into a contract for the supply of up to 600,000 metric tons of sugar to be delivered to China comprising of two shipments, which could be valued at as much as $268 million if fully paid for and delivered. The company stated that the reverse merger agreement between Nate's Food Co. and JP Energy Group will not close until the following conditions are met:
1. JP Energy Partners has transferred all rights to the sale of the sugar mentioned above to JP Energy Group.
2. JP Energy Group has secured the necessary financing for the sugar contract.
More recently on October 16th 2023, NHMD filed this 8-K report, a new agreement that involves “the procurement of approximately 97,000 metric tons of chicken paws, with a total contract value of around $300 million” with product to be delivered in 12 monthly shipments. If all things regarding NHMD were to be entirely true and the reverse merger was fully completed without any issues, these two contracts totaling around $568 million in potential revenue, if fully paid with no issues, could massively increase the value of shares here, were all of this to be quickly and adequately reverse merged into NHMD. For this reason we suggest keeping a close eye on NHMD because it holds potential for significant price appreciation but as we always caution, almost without fail, penny stocks that make claims involving potential hundreds of millions to billions in value in connection to being simply trolled in via reverse merger, almost never pan out. So the risks are stacked high here as traders wait to see whether the filed claims are proven true and the company executes on those contracts, or more.
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