Replies to post #25306 on Grapefruit USA Inc (GPFT)

[DonKeyhoti]

Let's say for the sake of discussion I think the company received some positive news from the FDA last week. Call it an update, current status, etc. The IMGG team gets amped by this and like most companies, word of this news spreads.

Investors close to the company pick up on this and commence buying the stock Monday. Day traders (and many on this board) react and start buying. Day traders looking at their buy/sell keys do their thing which creates the stock volatility we saw yesterday and see today.

The company news is still good. But the stock price is all over the place.

[DAK424]

Bust

Does the FDA base the 150 day period on calendar days? If so, then this Friday (8/3) would be exactly 147 days (or 21 weeks) from the 4/9 date that the FDA acknowledged receiving the 510-K, which would make Monday, 8/6 (a holiday), exactly 150 days.

Assuming the FDA is trying to meet that 150 day period, would that mean they would try to issue approval by this Friday? I realize this is an arbitrary time period, but was curious as I respect your opinions. TIA.