Grapefruit USA Inc (GPFT)

[supercleetus]

The company has already publically revealed that they are in negotiations. Or to be more specific two companies say they are and one apparently claims that they weren’t. (Likely a false claim that would easily be disproven in Court.). They also stated that the funders were amendable to better terms than in the past, at least until they stopped communicating. What we’ve learned here is that they are talking again.

I think it would have been material information had he put a date on the closure of the negotiation or revealed that it was actually settled.

I do think this is positive news though. And I think the capital firms would be idiotic to seriously push for receivership. This was just a ploy to go for better terms. It says something about the value proposition of this deal, though it’s obviously speculative like everything in penny land.

The timing of their threat is the tell. This is old debt - why didn’t they make noise until now? It’s such a small sum I bet they hammer this out in days or less.