Grapefruit USA Inc (GPFT)

[kinlaw]

mx10001,
I would have to agree with your statement. I'm only giving the information that I have found from my research. Yes, Restricted shares will become available to sell on the open market this month, but not the amount others have posted. I'm only seeing about 12 million, but that doesn't mean the owners are going to flood the market with those shares. And you are correct that it might take a few weeks to file the paperwork which will allow these to become now unrestricted. I'm not totally sure how that process works. From what I have read on the SEC site, the owner of these restricted shares will only be allowed to sell so much of the restricted shares within a 3 month period, depending on a weekly average of trading volume. Please correct me if I'm wrong with my last statement.