Grapefruit USA Inc (GPFT)

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If you were a lender

would you lend to IMGG? At what price?

IMGG is not just the DVIS and FDA approval--that's what Dean wants you to focus on.

IMGG is a publicly traded business--what are it's assets?

IMGG has no assets

IMGG doesn't own it's technology

IMGG doesn't own it's building

Dean owns the patent (but Toms River has a lien on it)

Dean owns the building according to IMGG's filings

What are IMGG's liabilities?

$5 million in CURRENT Liabilities including warrants that can be exercised on a cashless basis

$1 million plus in court judgements

Ongoing expenses for FDA approval for which IMGG is still in Stage 1

Any lender wants to know how it is going to be paid back. Unfortunately there is no assets to secure any loan. No positive cash flow to repay any loan. Many creditors ahead of the lender in in the repayment pecking order. Any lender risks IMGG bank accounts being frozen by multiple creditors.

Any financing will be strictly paid for in stock that can be immediately resold. That would require a HUGE discount as $1 million doesn't even scratch IMGG's financing needs and $1 million of stock coming on the market will tank the share price just like the last million did when it got registered.