Grapefruit USA Inc (GPFT)

[mr_sano]

Yes Revenue increased but not explosively and so cost of good sold also expanded leaving a razor thin margin which doesn’t make any sense. These guys should pulling down much greater contribution margins but they barely cover the revenue! The cash flow is nowhere near positive and they have increasing debt obligations. It’s clear gpft will need to sell a boatload more convertibles to do any decent product launch and they just don’t have the cash for it. So...remember do your own DD.