Grapefruit USA Inc (GPFT)

[Getac1ue2]

S-8
looks like they are creating a Prospectus with 1.5M commonshares to make laywer payments....

"This Prospectus covers 1,500,000 shares of the common stock ("Common Stock"), no par value, of Imaging3, Inc., a California corporation ("I3"). The shares covered by this Prospectus include approximately 191,383 that will be issued to Richard Farkas, Esq., legal counsel for I3, in consideration for past legal services performed by him for I3. The balance of the shares covered by this Prospectus are reserved for potential issuance to Mr. Farkas for additional legal services that may be provided by him for I3 in the future, and other consultants or officers, directors or employees of I3 for services that may be rendered by them for I3, as determined by I3's Board of Directors from time to time in the future. Mr. Farkas and other potential issuees of shares of Common Stock covered by this Prospectus are collectively referred to herein as the "Securityholders."

I would say if the law firm is accepting this proposal then its a positive sign, stock in liu of payment.