Las Vegas, Nevada, March 26, 2019 (GLOBE NEWSWIRE) -- Natural Health Farm Holdings, Inc (OTCQB: NHEL) (the “Company” or “NHF Holdings”), a nutraceuticals biotechnology company was notified by OTC Markets (“OTC”) of recent trading and promotional activity concerning NHEL common stock. The Company has been informed that the higher-than-average trading volume in the Company's stock may be the result of unauthorized promotional activity. The Company has also been informed that the promotion consists of telephone calls operated by anonymous entities which encourage investors to purchase NHEL shares. OTC has named two possible operators of the promotional activity are entities conducting business under the names Traders Group Online and Equity Traders.
The Company had no knowledge of the subject promotional campaign until notified by OTC and shares OTC’s opinion that such activities are of concern and need to be addressed immediately, and in that regard, the Company is working diligently to do so. After receiving the OTC notice, the Company conducted an inquiry of the Company’s management, directors and control persons in an effort to determine whether these Company insiders are or have been involved in the stock promotion in any way or have sold or purchased the Company’s securities within a 90-day period leading up to, during, and after the promotional activity. No insiders have been found to be selling any of the NHEL shares over the last 90 days.
NHEL hereby states that the Company, its officers, directors and, to the Company's knowledge, its controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities) have not, directly or indirectly, authorized or been involved in any way (including payment to a third-party) with the creation or distribution of the any promotional materials; and that the neither the Company, its officers, directors, nor, to the knowledge of the Company, any controlling shareholders, have sold or purchased any shares in the open market within the past 90 days..
The Company has no agreements with any entity to make promotional telephone calls to our shareholders. Other than LiveCall IR, who assist the Company with drafting press releases, the Company does not have, and has never had any service providers who provide IR services, public relations services, paid promotion, marketing or other related services. LiveCall IR was retained in January 2019 for a three-month period to write press releases for the Company. LiveCall IR is paid a monthly fee in cash and has never been issued or owned any of the Company’s securities.
The Company has issued approximately $823,000 in convertible securities, of which none have matured, and none have been converted at a discount to the market. On May 30, 2018, the Board granted stock options under its 2018 Non-Qualified Stock Option Plan to two directors, an officer and an employee, and three independent consultants to purchase up to 450,000 shares of common stock with a five-year term. The stock options vested immediately upon the issuance date. The exercise price of the stock options to purchase common stock was at $1.50 per share, and the quoted market price of the Company stock on the grant date was $1.70. The options to purchase common stock expire on May 30, 2023. The fair value of options granted was $526,295, calculated using Black-Scholes option. As of the date hereof, no options have been exercised. No other securities have been issued by the Company at a discount to the current market price at the time of issuance.
The Company is committed to compliance with the OTCMarkets Group Policy on Stock Promotion and the OTCQB Standards. The Company does not condone any statements regarding the urgency to invest in the Company’s shares or any other similar statements. The Company urges any interested investors to rely solely on information contained in its press releases together with the information set forth in its filings with the Securities Exchange Commission.
About Natural Health Farm Holdings Inc.
Natural Health Farm Holdings, Inc. (OTCQB: NHEL) is a Nevada-based fully integrated nutraceuticals biotechnology company offering clinically researched naturopathic products and related services through healthcare practitioners and direct-to-consumers. Since 2017, the Company has developed and commercialized a proprietary web-based Naturopathic Learning Management System that enables consumers and distributors to be educated on health-related aspects of various diseases.
For further information, please visit www.nhf-holdings.com
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbors created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
Contact information
ir@nhf-holdings.com
www.nhf-holdings.com
Source: NATURAL HEALTH FARM HOLDINGS INC