Grapefruit USA Inc (GPFT): Winging it off the top of my head Re...

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stockmasterflash

Re: kimble1 post# 52487

Tuesday, 08/13/2013 3:57:31 PM

Tuesday, August 13, 2013 3:57:31 PM

Winging it off the top of my head

Remember he pledged those shares as collateral for a $6 million loan. He claims the lender sold out from under him sometime between 2009 and 11/12.

I assume he pledged those shares knowing it was a 1 way street. Took his $6 mil and ran. Especially claiming poverty now. Your theory may be close to reality for the lender as nowhere does Dean claim the lender came looking for the difference between $6 million and the near worthless shares they were at other points. You get liquidated in your margin account and come up short, you can bet Schwab or E-Trade is coming at you for the difference. The sales appear to have covered Dean's $6 million debt.

Your question is, did the lender or Dean get any proceeds above and beyond? That is reasonable to ask. The lender should know when and how much the shares were sold for.

#1). You have money. Other people want it. All of it!

#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)

#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,