Grapefruit USA Inc (GPFT)

[mr_sano]

HOmer> You know you are at least 12 months away from anything concrete don;t you? If they have a meeting tomorrow they will take at least 6 months to get a resubmit and you can expect at least 3-6 months back and fourth with the FDA. Dean historic yearly burn is 1.7M avg not including any new consultants. Cash was 111,000 as of June 30. They will need on the order of 2-3M more to get to a go nogo event. 50-100M more shares will be offered at Groupon prices. When the company monkeyed with the A/S and then argued that it was a poison pill against a hostile take over ...most sane people ran for the exits. I hope you come away from this whole Homer. IMHO this doesn't end well.