solong
16 hours ago
Name Change from February 2024:
NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Publicly held Natural Harmony Foods Inc. (OTC: NHYF) (the Company) is pleased to announce today that, subject to FINRAβs approval, it will change its name to SYNBIO INTERNATIONAL INC. This new name signals the Companyβs new strategic direction and better reflects its business operations.
The new name is a portmanteau of βSynβ (meaning βtogetherβ) and βBioβ (having to do with life), reflecting the Companyβs dual strategy outlined below. In addition, for the brand mark, the Company has developed an interpretation of the rod of Asclepius, using a vine in place of the serpent.
I might as well spill the beans, THIS IS MY OPINION - The name they have chosen is SYNBIO INTERNATIONAL...And what did we learn from Global Financial from their website (anyone bother to go there?)
Global Corporate Finance is a private family office that invests in both public and private companies across the globe. The firm specializes in investments in early-stage, growth capital, acquisition, IPO financing, and emerging market micro and mid-cap companies. The firm is industry and geography agnostic and focuses on investments in North America, the European Union, and the Nordic region.
We collaborate with a consortium of aligned family offices across three different continents.
We specialize in investments in early-stage, growth capital, acquisition, IPO financing, and emerging market micro and mid-cap companies.
They don't do this for a 9% discount to market price...
solong
16 hours ago
I think Fink has this one right, "we have a good partner"
Dilution occurs when someone sells stock into the market and those are shares that previously were not in the market.
Global Corporate Finance Inc. ("GCF"), a private family office located in New York City with relationships to other private family offices on 3 Continents, I donβt think most understand why that is important.
Global is putting up $5 mil of their cash for the following transaction:
The Securities Purchase and Subscription Agreement will enable the Company to draw up to US$5,000,000 at its discretion over a period of 30 months. In return for each drawdown, the Company will issue common stock at a discount of 9% to the Company's average daily volume weighted stock price during the five (5) consecutive trading days immediately preceding the date of the Company's drawdown request.
If you know a bank, that will put up $5 million in unsecured loans, please contact the company. A company with no revenue. And think about what Global is doing, they are putting up money that will convert into shares at a 9% discount to the market. Getting a cash line of credit for a 9% interest rate isnβt happening right now and again, there is NO bank that would agree to that deal.
The funds will be used to launch the first of the Company's nutraceutical products; the acquisition and development (subject to due diligence) of AI-based intellectual property; and general working capital, including up-listing the Company to OTCQB status as quickly as possible.
On Globalβs website they state that they invest in early-stage companies where they perceive the company has the opportunity to have substantial growth. Did you expect the $5 mil to be a donation? With no current revenues, how was the company supposed to pay them back?
And Private Family Offices, do NOT invest for a 9% gain. NO Shares will be sold down here, IMO.
solong
6 days ago
I've been wondering if it isn't capitulation?
OTC stocks are notorious for having shareholders who bought into the hype that this was going to $0.01 - $0.02 and when it didn't take them to $0.02 per share, which was assured. They dump and so that they can move to the next one that isn't working.
That said; I wish CEO's would be forced to take some basic English lessons. Stating on June 18th that we are "on the verge" - defined as "at the point when (something) is about to happen" and then 3 weeks later, only to find out that we apparently got stuck on the VERGE, is a classic example of not understanding how to set expectations.
It's the same thing when they misuse "SOON".
If Claudio had sad, "We hope to have the Annual and Quarterly Reports finished in July" that would allow him some room to come back and say, "due to the detailed nature of accessing information from the past, they should be completed in August". It's all about setting expectations and OTC CEO's (rarely) understand this.
Regardliess, my trust at this point is in Global Corporate Finance Inc. ($5mil fund) - Private investors will do their due diligence. They didn't get their money by throwing $5 mil out the window...
solong
2 weeks ago
$NHYF - things to like about this stock:
1) the company is taking steps to be a legitimate entity. OTCQB is a step in that direction.
2) the "Private Family Office" which put up the $5 mil didn't make the investment as a convertible note. When the company "draws down" money Global gets a 9% discount to the previous 5 days trading average. IF, this were a scam they would have set this up as a convertible note and would be getting shares at a steep discount in the 20% to 30% range. Then they could dump shares, drive down the price, and convert more shares at a discount and repeat until they were done. GLOBAL didn't do that. It is a sign of a legitimate investment.
3) the posters pumping this, don't pump this anymore. Note the "tone" of their previous posts and the time lapse between posts. They are gone, look up their profile, and they've moved on.
Sell or be patient. It's your call. Some of those pumping this might have sold and left the house. I've been buying, not because of them but because I think they've left the stock.
solong
3 weeks ago
We might see the following first:
1) Audited Financials
2) Application to OTCQB
3) Application for Name / symbol change
NOTE: on October 21, 2023, the Company entered into a Securities Purchase and Subscription Agreement with Global Corporate Finance Inc. -The Securities Purchase and Subscription Agreement will enable the Company to draw up to US$5,000,000 at its discretion over a period of 30 months.
- that means that 8 months have passed...so it's not going to drag on for a lot longer.
Sometimes CEO's may get excited for reasons we don't understand. It is possible that any company willing to join us on this journey would have stipulated that they had no intention of joining an OTC Pink? Private lenders will NOT invest in OTC Pink. So, it might be a bigger deal to complete the 3 items mentioned above, prior to our getting news. As usual, just a guess.