Grapefruit USA Inc (GPFT)

[ounceoflogic]

Today's concall was disappointing and uninspiring on both sides. Dean acknowledged the obvious lack of funds but then went on to say the same old things he's been saying for years now. Personally, I was hoping Dean was going to announce the appointment of a new CEO.

I was quite disappointed in the softball questions that were asked. Me, I'm just a guy taking a longshot... not qualified to go toe-to-toe with a CEO; but many of you here act like you know all there is to know so I'm wondering where in the hell were you on today's call? That was probably the last opportunity to ask these tough questions... and no one did. Whyzat?

Gotta give Dean credit for putting himself out there but I must say I found it quite disconcerting that a CEO who is on the brink of seeing his dream and his company die seemed to have no familiarity whatsoever with options in the Canada market which implies that he hasn't investigated any of the many other less restrictive options... non-medical use, other foreign markets... which could generate cashflow to finish the FDA app.

According to Dean the only remaining hurdle is the "clinical test" and yet, he hasn't even got a test site lined up? Also, have his "10 or 12" employees been doing? Who are the "around 4" consultants and what the hell have they been doing for 7 months? How much of the $800K goes towards Dean's salary? Why would anyone pour money into this company? Why did he just today agree to put up a video demo when we've been asking for it for years?

Dean sounded nervous and didn't say or do anything to inspire confidence. Neither did you people.