Grapefruit USA Inc (GPFT)

[TASHI]

It sure is interesting that a CEO would comment about a certain kind of ordinary investors who worried about the company...

“Good riddance!” he declared. “We’re better off getting rid of that type of fickle investor in the first place.”

However, it does remind me of another statement Dean made in a post...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42430090

"We in management have always tried to provide an open book for investors, recently I started having conference calls to update you on our progress, especially with the FDA. This latest dilution was not mentioned as we had yet to file the 8k. Dilution primarily hurts my position, it boggles my mind how people holding less than a million shares get so worked up about it. Google has over 300 million shares outstanding and it doesn't seem to affect their PPS. We opened this PPM to raise money as we even described in a previous CC, we sent a newsletter out to shareholders and many responded, this was when we were at 4 cents! The response was so huge we ended up having to decide whether to take more or turn money away. Ultimately, I think I made the right choice to take money in the worst economic times of my generations lifetime, especially since we won't need to raise any money in the future and can better position ourselves towards manufacturing once we get FDA approval..."

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I'm not sure "what kind of person would utter such nonsense," but CEO's should not be making negative statements about shareholders. Time will tell if this company "won't need to raise any money in the future."