Grapefruit USA Inc (GPFT): No The assets of the company were mor...

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Re: look1 post# 53424

Thursday, 04/27/2017 7:15:06 PM

Thursday, April 27, 2017 7:15:06 PM

No

The assets of the company were mortgaged to Gemini. Gemini gets their money back in that unlikely scenario. Not shareholders. Gemini is a SECURED lienholder.

If the patent had value, it would have been liquidated and not allowed to lapse.

From the most recent 10K

https://www.sec.gov/Archives/edgar/data/1205181/000149315217004292/form10-ka.htm

On June 23, 2004, U.S. Patent No. 6,754,297 was granted in the name of Dean Janes, entitled Apparatus and Method for Three-Dimensional Real-Time Imaging System. The rights to this patent have been assigned to Imaging3, Inc. As of December 31, 2015 Imaging3 Inc. had one UCC filing against assets that were obtained by Gemini Capital in conjunction with secured notes.

https://www.google.com/patents/US6754297

Dec 31, 2007 REMI Maintenance fee reminder mailed
Jun 22, 2008 LAPS Lapse for failure to pay maintenance fees
Aug 12, 2008 FP Expired due to failure to pay maintenance fee
Effective date: 20080622

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