Replies to post #52857 on Grapefruit USA Inc (GPFT)

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They are in default to the bankruptcy estate

$2 million

And as it says on the chart posted below here, any creditor in this list not being paid in full has the right to liquidate the company. The lenders have liens on the patents even outside of bankruptcy. these debts are protected by the bankruptcy court.

From the 10Q

https://www.sec.gov/Archives/edgar/data/1205181/000118518516004570/0001185185-16-004570-index.htm

(( click on chart to enlarge ))