Grapefruit USA Inc (GPFT)

[look1]

"and where his financing is coming from"

From the management own pocket Read slowly
So if the co. has 500,000,000 shares out standing management is willing to buy 25,000,000 shares

It did not say the company is buying it back.
If a company buy it back the company has to make sure that it will not raise the prise of the shares I read that in a letter to share holder from Sears and Robuck not over the open market

Imaging3™, Inc. (OTCBB: IMGG), developer of a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time, today announced that its Board of Directors has approved the repurchase of an aggregate of up to 5% of its outstanding Common Stock, by the Company's management, effective immediately.

Dean Janes, Chairman and CEO of Imaging3, commented, "Our open market purchases by management over the course of the next year reflects management's continued confidence in Imaging3's business strategy and growth prospects