Grapefruit USA Inc (GPFT)

[mr_sano]

Denunzio,

IMGG has received 900K to there paltry 7K they had on hand Sept30th. The cash burn per month without any additional costs is 120K per month of which we have burned 150K. So beginning 7 + institutional stock purchase less commission's is 900K. Today we have approximately 757K in cash. Sound reasonable? Keep in mind we owe another lawyer 400K and Dean has loaned or foregone, rent, compensation, or an amount to the tune of 400K...I doubt the lawyer who has been getting paid in shares will happy with the other firm getting a big fat retainer while he scrapping to get a monthly check.

If they go the PMA route they will be required to supply clinical data which will take at least a year or 2 and cost millions. The estimates I have read puts a total PMA cost 6-10M...lets say they can do it for 3M(which they can;t) They would need to raise at least another 6M-8M. That means we are going to see a 100 million shares hit the market to fund this! But I doubt you'll get that far. IMHO this is a PR stunt so Dean can try to sell whats left. He needs a partner pronto and I expect he sole effort will be to find an OEM he can partner with. I can tell you they are not paying anything close to what the current market cap is. Would you?