Replies to post #3294 on Grapefruit USA Inc (GPFT)

[chevyman]

Rule 506 states they must be accredited investors, and the shares are restricted for 1 yr.

[SonomaWest]

Yeah! It looks like IMGG is raising operating capital again.

[TASHI]

This is follow up info from a previous post. It appears that I3 has completed a series of private placements that began on January 12, 2009...

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6832973

"SECTION 3. SECURITIES AND TRADING MARKETS

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.

On October 6, 2009, Imaging3, Inc. (the "Company") completed a series of private placements of its common stock pursuant to which the Company sold a total of 107,059,027 shares of its common stock at a purchase price of $0.025 per share raising total capital of $2,676,475.68. The private placements were made pursuant to Rue 506 of Regulation D promulgated under Section 4(2) of the Securities Act of 1933, as amended..."