Grapefruit USA Inc (GPFT)

[BennyJ]

Price on FDA approval - Buy/Add more - Don't miss

Per the CEO's comments this a $16B dollar industry that he believes his company can capture at least 5% of (ie 800M) in 2 years and even 10% in 4 years (per investorshub.com comments). I don't have enough expertise to measure the target price more than to say that $3 - $5 sounds fair and might even be conservative.

-FDA approval: certainly some investors will be so overjoyed they will sell and the price will jump perhaps as high as $5
-Production Deal / Sales of the Dominion: this company has the ability and warehouse space to manufacture the unit itself. Personally I wish the compay would do so, because that would generate a long term cash flow and perhaps even dividends, etc.
-License Agreement or Buy Out: It's my understanding that IMGG has already turned down some small pre-FDA approval offers. If the CEO thought this was not going to be approved, he could have sold or even declared bankruptcy etc. by now. Since there are many uses for this technology (eg - airport screening device, or military hospital use) AND software updates might provide additional revenue, imo it seems entirely possible that a buyout offer of $5-$7/share could occur. Even if the FDA approves the deal (which seems likely – few days away ), and a buyout brings "only" $3-$5/share instead of $5-7/share, that's 5 to 7 times the current price of this stock.