Grapefruit USA Inc (GPFT)

[stockmasterflash]

Bailed out by Dean?

You mean like last October when IMGG sold $1 mm worth of shares and spent it all in 3 months-- but still have the warrants outstanding that not only reprice with the next financing but can be exercised on a CASHLESS bases due to the default triggered by Dean's failure to register the shares. IMGG gets no more dollars from that lender, but that lender is OWED a boatload of shares

Can you tell me how $9,000 has lasted several months when $1 million was spent in 3 months???

Has the company ever had $5 million in CURRENT Liabilities on the books? Or is THIS the first time the company has been that deep in the red?

If Dean is "rescuing" the company, that is a material event that is required to be disclosed.