Replies to post #15645 on Grapefruit USA Inc (GPFT)

[BennyJ]

"I priced the stock at $3.86-$4.28 after FDA gives the green light"

On what basis/facts/assumptions, Do arrive at this figure? Can you elaborate please?

[IMGG4TP]

Check out the following link.....it might shed some light on the subject.

http://findarticles.com/p/articles/mi_m3498/is_n10_v60/ai_20146539/?tag=content;col1

Based on Gorman's figures, and figuring optimistlcally I3's projected first year earnings (after approval)at somewhere around $100 mil, looks to me that $1.50 to $2 per share is a realistic figure. That would be a 233% to 344% premium over current PPS.