Grapefruit USA Inc (GPFT)

[prussian4profit]

Interesting trades today. I wonder what FINRA short data will show tonight?

-p4p

[Woodberry578]

And you have a direct line to the inside workings of the company right?

Imaging3 is still sitting on 380 million shares.

Dean has had the ability for years to sell up to 500 million shares and yet he has not done it.

The buyback shares they purchase they have to hold for a minimum of a year. Sounds positive to me.

I don't know where the money is coming from nor will I speculate like you do. As long as Imaging3 is not adding to the outstanding shares, that is still positive to me. FYI: MWE and the consulting firm is still on board.

[mr_sano]

"Our open market purchases by management over the course of the next year..."


You mean this start in 2012 but is effective immediately? Is this what we pay the big guns to do for us...put out a no information fluff PR? Shameful. This companies in no position to do a repurchase. They are NOT cash positive and they need every penny to feed the bloated overhead. Since MWE must have muzzled Dean from doing his beloved MTV spots ..this must be his only way for him to CPR the pps.

I think Googles Houdini moniker is right on the mark today!

[stockmasterflash]

And where his financing is coming from

They burned through $700,000 + of the last million dollar finance round in just 2 months. They had a cash balance of $360,000 on Dec 31.

I may not be great in math, but those two items suggest that IMGG has zero cash right now.

An open market stock "buyback" by management does not remedy that situation at all.

Dean says he has million more available to him, but he has not announced another financing round, nor has he got his lenders shares registered, costing IMGG $20,000 in penalties every month.

Basically this PR has arrested the freefall and distracted shareholders and froze them in place going into the weekend.

In that respect, it was a success. But now, like a meal of cotton candy, you are still left with the same problems you started the week with.

No Cash

No S-3 EFFECTiveness

No FDA approval

No MWE

[madtig6]

For the last hour it is cycling between .145 and .130.

That is a big range for this thinly traded stock ( usually thinly traded)

I would not commit ( speaking personally here) to buying back in until the weekly chart broke out from the downtrend line and from the MAs noted on chart

News like this usually promotes "flash in the pan" trading ( don't forget about the MMs who have probably stockpiled lots of low cost shares ) Fun to day trade , but calling for extreme caution for longer term holding.

What has REALLY changed ?

http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=1&mn=4&dy=0&id=p68729561985&a=228108388

[Woodberry578]

You would not invest your money in this company knowing you would have to hold it for a year minimum without knowing something positive? No trickery, just confidence in my opinion.

[Chemic76spirit]

Dean had to do something with the pps dropping like a turkey turd from a tall pine! Nobody said he isn't cleaver! To me he is really trying to manipulate the market. If he would come out and say what exactly is {good} that is going on with the DviS He wouldn't have to resort to these drastic measures!!!! In other words He has {nothing new that is.......good}to say about what is going on !?

[Woodberry578]

Where is everyone getting this Mid March date from? I was at the shareholders meeting, and the ESTIMATE Dean gave was "the end of February or March." Nothing about "Mid March!!"

[Lambster]

Well it looks like more education coming for me on this, because I do not have a clue what is transpiring now. I will try and pay attention, and hope there is no quiz soon.
Sure would be nice to get even a hint as to how the new package is coming, and some update on the approximate date to re-submit. Mid March has come and gone....

[Woodberry578]

Maybe Dean and the staff are buying back with personal funds? If that is the case, that makes me feel even better about the company's future!

[Lockedon6]

Maybe something is happening?
510K?
partner with $ and experience?

Not sure how $ is not a problem. Where is $ coming from for buy back even at .14 X 5 % (max)

[Minestrone]

This is true Wood , it's a very strong buy-signal !!

I was waiting for the subpennyland for buying more and the PR came to early !!

Mine

[Woodberry578]

FYI: Just talked with my Broker, and he says when a company buys back their own stock, they cannot sell ANY SHARES they hold for a YEAR! I would say that is a STRONG VOTE OF CONFIDENCE from Dean and Imaging3!!!

[fidder05]

Madtig6 - do u plan to re-enter IMGG ever again? If it crosses .20/s by next week without pullback to .125/s, do u let it go or buy it?

[adrian taylor]

Get out before they do. This stock has always been manipulated, but now the SEC calls the shots. You take their money this time.

[fidder05]

I expect a strong day with close over .16/s TODAY. Strong renewed interest from my IMGG shareholder investment group so we are BUYing more as the price passes over .15/s... As Polk sez here, we are in this IMGG game and do not see any scam!

[Homer Simpson]

What goes down must come up! Here we go, rebound and on the way back up!

[Lockedon6]

True no shares have to be bought.
Wow didn't see this coming.
If this is a scam they pulled out all the tricks.
Would be nice to maybe have a PR update.

[ndforlife]

This PR made my day.. Been LOL since it came out.. Understand I am a long but with Dean's recent track record I'm waiting for another PR today stating the company bought 10 shares this morning and the buyback has completed..

Sorry KF.. Had to say it..

[Minestrone]

What a great day !

At the end of the day

IMGG is still have enough money to finish the job

IMGG still have a great product

IMGG still on the way for a new resubmission

IMGG still have MWE the get the paperwork done !

IMGG 8$ +

Mine

[guest_mike]

wow...dean is loading up the truck....oh...the truck is inoperable. lol....

[stockmasterflash]

Exactly

Everybody piling in on a PR. Not like these are long term investors buying this morning.

At the end of the day

IMGG is still out of money

IMGG still has a product rejected by the FDA

IMGG still cannot get their financing approved by the SEC

IMGG still cannot afford to pay for their lawyers

Nothing changed from yesterday to today other than a few nimble trades scalping a couple pennies.

Longs frozen in place for a day

IMGG does not get any money from this buyback.

IMGG is currently out of cash according to their 10K

How does this help IMGG other than allowing a big shareholder to cash out???

[Minestrone]

What's up ask : 0.1450 !!!

[MoneyBob]

all i know its a good trade...maybe not an investment...but definitely a good trade :)

[drpolk]

What a wonderful display of elegant logic! If one follows your reasoning, Jane's and his management are buying into IMGG's scam. What could possibly make more sense? Stay tuned.

[mr_sano]

Another desparate move to fool newbie investors. Will they be borrowing the money to buy back the stock?

[MoneyBob]

Locked and loaded...lets go IMGG

whoot whoot lol :)

[madtig6]

Jumping for joy?..............................

Just don't let an emotional response jump you back into IMGG too soon.

Best to sit back and watch the action ( like on a chart?) as the big players and the company do their thing.

This move by IMGG could go either way as far as PPS is concerned .

Caution rather than emotion is called for here .

We might see a small correction ( upward) to get theprice back within the lower Boll Bands

------approx .125, but then could stall there

http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p88843677816&a=228499894

I've been limited to 3 posts per day, so won't be posting much

[Gymbob]

Unless "someone" places a bid for a bunch of shares at or bellow .115 and pushes the price lower to grab them up cheap correct?

[Minestrone]

This is a very good news !!

It show that the Company's management are in the right shoes !

Green day

Mine

[Minestrone]

On the way back to 0.15 !!

Try to catch enough cheap shares ...

IMGG 8$ +

Mine

[adrian taylor]

Just another act of shear desperation. The first one was the creation of the scam called the Dominion. Then came all the lying, twisted, fabricated stories as to what was up with the FDA. Dean Janes knows that the share price is heading to zero and like a bullet. Gone are the days when he could rally fresh investors to prop up the share price. Now management is going to buy back shares. Truly amazing, if it in fact ever really happens. Actually, little or no shares will ever be bought......not any more than what has already been bought recently, as Dean Janes held the share price up @.15 by manipulation.

[cabo2]

hahha, Dean requests for more shares for 2011 then turn around and buy back shares!!!!!!!!!!!! here comes the typical penny stock games, pump and dump, reverse splits and all the BS that comes with it...when will Dean stop running this scam....the company is about to go BK and he s buying back stocks, maybe Dean should show the 3D in action , if there is no working safe machine , all the rest is BS, and according to the FDA there is NADA...

[BuyMyAsk]

PLEASE READ - THIS IS A SMOKE SCREEN

The only reason Dean Janes is doing this is to try to get the PPS back up so a big investor can liquidate.

IMGG stated in the PR there is no set amount they intend to purchase over the next 12 months with a maximum of 5% or 20M shares roughly. IMGG can purchase next to nothing - they have no obligation. When a company does a SRP they usually state the AMOUNT of SHARES or the MONEY THEY WILL USE to purchase those shares. This is a smoke screen.

Dean Janes is trying to make you believe that IMGG thinks this is a bargain price by putting out a PR claiming IMGG will buyback stock when in fact they have no money and cannot afford to do so.

The PPS will continue to decrease over the next few months as resubmission is pushed back and delayed.

Also - can the moderators please consider taking off my 1 post per day limit!? I have been following the rules! Lol - thanks..

[stockmasterflash]

Ask yourselves this one question

If submission is just around the corner-- would Dean be putting out such a pathetically desperate PR???

Do competent management's announce stock buybacks ahead of GREAT EAGERLY anticipated big events???

Days away...weeks away from submission and the stock is supposedly going to rocket up on it's own. So we are going to announce a MANAGEMENT buyback!!!

Why doesn't Dean simply answer why the SEC is not approving the multiple S-3's filed??? It's Cranshire's fault according to the Dr. Right??

Why isn't IMGG getting any of this managment money???

[dan1drew2]

Imaging3, Inc. Announces Management Stock Buy Back PlanFont size: A | A | A7:01 AM ET 3/24/11 | Marketwire
Imaging3(TM), Inc. (OTCBB: IMGG), developer of a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time, today announced that its Board of Directors has approved the repurchase of an aggregate of up to 5% of its outstanding Common Stock, by the Company's management, effective immediately.

Dean Janes, Chairman and CEO of Imaging3, commented, "Our open market purchases by management over the course of the next year reflects management's continued confidence in Imaging3's business strategy and growth prospects as we continue the FDA approval process. Based on current market prices, we believe the repurchase program is in the best interests of our shareholders," further stated Mr. Janes.

The shares will be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions, in accordance with Rule 10b-18 and the reporting and other requirements of section 16 of the Securities Exchange Act of 1934, as amended. There is no guarantee as to the exact number of shares that will be repurchased by the Company's management, and the Company's management may discontinue purchases at any time that the Board of Directors determines additional purchases are not warranted. The repurchase program is expected to continue over the next twelve (12) months unless extended or shortened by the Board of Directors.

About Imaging3 Imaging3, Inc., founded in 1993, is a leading provider of advanced technology medical imaging devices. The Company has developed a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time. Because these 3D images are instantly constructed in real-time, they can be used for any current or new medical procedures in which multiple frames of reference are required to perform medical procedures on or in the human body. Visit the company's website at http://www.imaging3.com for more information

Safe Harbor Statement Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, technological obsolescence, competition from other medical instrument(s) and imaging companies, lack of capital, unexpected costs, failure or delay of FDA approval, absence of revenue, the impact on the national and local economies resulting from an economic recession or terrorist actions, and U.S. actions subsequently; unavailability of financing for the Company or its customers, product malfunction and potential product liability claims, and other factors detailed in reports filed by the Company.

Contact:
Imaging3, Inc.
Investor Relations
800-900-9729

[optimus203]

This is an interesting twist.

[stockmasterflash]

Think about it

The company is out of money. So instead of Dean pledging his commitment to the company by giving the company a straight loan of x amount or buying a preferred stock offering where the proceeds of the loan go directly to the company, mysterious members of management are going to buy a vague amount of stock over a vague amount of time. NONE OF THIS MONEY GOES TO IMGG

This is simply an attempt to manipulate the stock price.

IMGG is out of money and management is playing games with the stock price.

Why isn't IMGG getting any of this money? How is IMGG going to pay it's bills now that it is out of money??? How does management buying stock on the open market improve IMGG's financial condition??

It's a distraction from the real issue of IMGG's financial condition.

[NORTH LAND]

Ok! You don't like Dean or the Dvis however; this Stock Buy back plan is freaking awsome for me! I bought yesterday @ .11

How do you like them Apples?


Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[NORTH LAND]

))))) News!!! Stock Buy back plan (((((((

[stockmasterflash]

the danger of Dean's game here

OK, Dean announces a management "STOCK BUYBACK" (management buying back stock they already sold?)

Sounds good. What happens then when future 10Q's show MORE Shares outstanding???

Obviously with the quarter ending in a week, and the SEC prohibiting the sale of Cranshire shares. Any buyback will show less shares in the next 10Q.

But what happens in the Quarter 2 10Q??? When the new lender (or Cranshire) finally starts selling???

Gonna be some mighty PO'd shareholders!

Not Dean's problem though.

[NORTH LAND]

I bought some at .11 Wed
I'm not an Engineer. Is this machine Revolutionary?
Could you please tell me there's STILL a chance Dvis will be approved.
Thank you!

[stockmasterflash]

A management Stock buyback!! Wow!!

No mention that IMGG is out of money.

No mention that the IMGG submission to the FDA is missing in action

No mention about whether or not MWE is still retained by IMGG

NO MENTION OF WHY IMGG HAS FAILED TO GET THE S3 approved by the SEC DESPITE 6 AMMENDMENTS OVER THE PAST 5 MONTHS!!!

But, hey, management (not the company) is going to "buy back" an UNDETERMINED amount of shares over an UNDETERMINED time frame.

LOL looks like someone want you to take your eyes off of the performance of the company. FREEZE YOU IN PLACE

Ingen tried the buyback ruse 4 times before each of their reverse splits. Only actually bought shares once in a token amount.

funny how it took a crashing share price for Dean to break radio silence!

Here's today's penny stock scam hint of the day--PR's like this are used to create demand for a large seller to liquidate in an orderly fashion. My guess is there is a NEW LENDER IN TOWN WITH SHARES TO SELL

This is Dean's new financing plan!

[kimble1]

LOL i forgot about that...one of the delays was the FDA could NOT open the attachments....that is GREAT!!!

there really are so many red flags....i lose track of all of them

[Lockedon6]

KF even a die hard has to question what is going on. That last CC and the letter from the FDA makes you ask a lot questions. The last thing any one wants is a dishonest CEO. Right now Deano has serious ethics and moral questions. Yes the FDA gave the letter but only after many attempts (my guess) for the company to comply with standard requests. The company ( my guess) refused and then told investors it sent in a new package becuase the FDA was unable to read. The point is FDA required a certain protocall and it never followed or disclosed. Anyone with common FDA experience knows the game. There was the official IA request and probably what are you doing (unofficial) request. Would be interesting to see if FOIA allows acces to general q @ A between Dean and FDA. probably worth the time and effort given were things are heading. (Lawyers are probably all over it). This is a train going down hill at 150 mph without a quailified engineer. The real question is when?

[kimble1]

of course but deans insiders know before we do and the winds of bad news are blowing

[Chemic76spirit]

The PPS speaks volumes.

[BuyOnDips]

K1


This is true. And the Next announcment could be that the 501k Has been filed. Has this thought come to mind? Everything posted here is only opinion including my post.

KF

[kimble1]

next announcement could be IMGG BK

[adrian taylor]

Dean Janes has said your exact words, over and over again, year after years on this board. Why don't you go back and look them up. How could you possibly believe the man. He is a criminal waiting for his incarceration. It is not if but when the SEC will arrest him.