Grapefruit USA Inc (GPFT)

[mr_sano]

Assets are worthless. Entire new industries were created during the time the magic 3D scanner was pitched as the latest in medical tech disruption despite it not ready for prime time. The FDA response was pretty clear. They booted them on each filing and the inventor and CEO was sanctioned and removed for lying about the reasons. Do some research the facts are there.

Imaging3 spent mostly all the funds on SG&A and promised a cheap C-Arm that supposedly used new software to knit a 3D composite all in real time. The FDA saw it differently and rejected the predicate based application numerous times. Medtronic, a multi billion dollar device maker, is the market leader. The tax loss benefit outweigh any realistic change they can reactivate and compete against this well established company.