Replies to post #54414 on Grapefruit USA Inc (GPFT)

[Iluvbbs]

So we should be looking at least .20 before people consider exercising any warrants and diluting the share price.

And we are only talking about less than 187,000 shares at .20.
Hell, I have 30 times that and just waiting to see what happens.

Don't forget, I watch numbers more than graphs or L2 so a few days ago we traded a phenomenal amount of shares all the way up to resistance....now on the way down, on each of these past 3 days we have had a decreasing number of shares traded each session but the share price is not falling correspondingly.
Take today for instance, what.....3 milly shares traded but a 5 cent range with breaking support??

It's all BS people, you are being played. Yes some are panic selling. Others listen to the negativity espoused by unhappy posters.

You realize that the posters that only have a single focus are usually MM's family members or your local brokers friends whose job it is to just annoy you and I can not believe some people fall for it. Wow!!

If you have all done your DD and like what you see, buy what you risk tolerance is and sit back, be patient, and let's see what the first week of April brings.

The spring board back to the 40's once the right news is released is going to surprise a lot of people who sold.

Me, I just keep saying to myself "Come to Pappa" as I buy even more.

JMHO
GLTA

GO IGNG !!

[CashBowski]

In connection with financing transactions, the Company issued warrants to purchase common stock and convertible promissory notes. These instruments included provisions that could result in a reduced exercise price based on specified full-ratchet anti-dilution provisions. The “reset” provisions were triggered in the event the Company subsequently issued common stock, stock warrants, stock options or convertible debt with a stock price, exercise price or conversion price lower than contractually specified amounts. Upon triggering the “reset” provisions, the exercise / conversion price of the instrument will be reduced.

In addition to the ratchet anti-dilution provisions that investors/lenders have in their contract, there’s default provision that negates any restrictions. All of their notes are in dafult.

There’s also a recent judgement for $1.2 million that needs to be addressed. Apparently they’re in negotiation which has likely resulted in issuance of shares.

On July 27, 2018 the United States District Court for the Southern District of New York granted Plaintiffs’ Alpha Capital Anstalt (“Alpha”) and Brio Capital Master Fund, Ltd. (“Brio”) Motion for Summary Judgment (“MSJ”) against the Company in the total amount of $1,274,525 plus 18% prejudgment interest from mid-2017.

There’s also this:

The Company is authorized to issue 1,000,000,000 shares of no par value common stock.

During the nine months ended September 30, 2018, the Company issued a total of 2,325,146 shares of common stock for cash in the amount of $377,418 and 18,058,539 shares were issued for services rendered valued at $5,442,076. During the quarter ended June 30, 2018 3,000,000 of these shares were cancelled.

During the third quarter of 2018, debt and accrued interest in the amount of $204,763 were converted in 1,993,146 shares of common stock.

Also subsequent events:

On October 19, 2018, debt and accrued interest in the amount of $236,428 were converted in 2,122,867 shares of common stock.