Replies to post #55042 on Grapefruit USA Inc (GPFT)

[noyeyiditi]

https://www.investopedia.com/terms/r/reversetakeover.asp

[Martymook]

Deal said 80% of the O/S will go to GBI "designees" the other 20% will be the IGNG shareholders.
So GBI will own 80% of the company.
Leaving us to play with the other 20% in float.