Grapefruit USA Inc (GPFT)

[ndkeys]

If between 6 months to 1 year, you want to sell any or all shares, you must call the transfer agent and tell them you have an intent to sell. You then must pay for an attorney opinion letter, which is approx. $250, which is only good for 90 days, and pay the transfer fee, which is approx $50 dollars, to have the restriction removed. Then you can sell shares, but whatever is not sold within 90 days, becomes restricted again upon the 90 day expiration and the whole process starts over if you want to sell beyond the 90 day period.

At 1 year, the restriction is lifted and all that has to be done is send in the transfer fee of approx $50 and have the restriction removed.

So, I believe that some will be sold if you are a trader, but I think that the majority that got in on the last offering is holding on for the end result of FDA approval and potential sale.