Replies to post #39453 on Grapefruit USA Inc (GPFT)

[Woodberry578]

And you have a direct line to the inside workings of the company right?

Imaging3 is still sitting on 380 million shares.

Dean has had the ability for years to sell up to 500 million shares and yet he has not done it.

The buyback shares they purchase they have to hold for a minimum of a year. Sounds positive to me.

I don't know where the money is coming from nor will I speculate like you do. As long as Imaging3 is not adding to the outstanding shares, that is still positive to me. FYI: MWE and the consulting firm is still on board.

[look1]

"and where his financing is coming from"

From the management own pocket Read slowly
So if the co. has 500,000,000 shares out standing management is willing to buy 25,000,000 shares

It did not say the company is buying it back.
If a company buy it back the company has to make sure that it will not raise the prise of the shares I read that in a letter to share holder from Sears and Robuck not over the open market

Imaging3™, Inc. (OTCBB: IMGG), developer of a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time, today announced that its Board of Directors has approved the repurchase of an aggregate of up to 5% of its outstanding Common Stock, by the Company's management, effective immediately.

Dean Janes, Chairman and CEO of Imaging3, commented, "Our open market purchases by management over the course of the next year reflects management's continued confidence in Imaging3's business strategy and growth prospects