Grapefruit USA Inc (GPFT)

[mr_sano]

“Grapefruit paid the Patent holder $5,000.00 and issued it 100,000 shares of IGNG common stock on execution of the MOU. When the parties reach a formal license agreement Grapefruit shall pay the Patent Holder $50,000.00 in two installments of $25,000.00 each and shall issue 1,000,000 shares of IGNG common stock to the Patent Holder. Grapefruit will have 8 months from the actual technology transfer to commercialize the first ‘patchless patches” and shall pay a decreasing royalty of between 4 and 7% of revenues to the Patent Holder depending on the level of revenue achieved.”

So this alleged disruptive game changing tech gets licensed to (Ca,IL) granted for only 2.5 years for only 55k cash and approx 40k in stock!!!haha haha!!!!! The Yourist brothers make per year in salaries. So there goes the entire US exclusivity argument and confirms gpft is one many that will sign this agreement.