Replies to post #44795 on Grapefruit USA Inc (GPFT)

[madtig6]

lobcrab-FWIW-from your posts ( esp this one) I "get" that you are legitimate. I may be wrong, but it matters not one way or the other.

Thank you for sharing what you have. We don't agree, but I think we are both gentlemen who can agree to disagree.

IMO, there should be more of that in the world.

IMGG started out for me as a benefit to the medical world ( of which I am a member) and as an opportunity to financially benefit from that . Nothing wrong with that.

As I traded the stock over a period of 5 years, I have made a very nice profit. I find the posts of late to be somewhat humorous and certainly entertaining, but certainly not of the "professional trader" quality.

Somewhere along the line, IMGG became an amateur's dream of " the big killing". A defect that most penny stocks suffer from.

I certainly wish the best for everyone here.

IMO ( FWIW) DJ will not go to jail, but may end up with a tarnished reputation that will follow him into whatever endeavor he pursues.

[Dr. Mugs]

Buying a stock without having at least a basic knowledge of how to use TA is like driving a car with blindfolds on. It is very dangerous to buy a stock with a RSI of 90 and without knowing how to read a chart investors do it all the time and then hope for the stock to come back to that level after the stock price crashes. Investors buy high and sell low because they don't take the time to learn how to read a chart. How can anyone think that TA "looks risky" and then turn around and buy IMGG stock???
This stock will never ever sell for $3.00 or any dollars.

[imggboardfollower]

lobcrab you seem to be one of the few IMGG apologist left on this board so I was wondering about your thoughts on a few things that have transpired this past calendar year.

- Do you think that given IMGG's low cash-on-hand and ridiculously high burn rate that it should have announced a stock buyback plan? Do you find it odd that a company officer then proceeded to dump a large amount of his shares? I think it would seem to a neutral observer that the "stock buyback" was a mechanism to pump the stock. We've also seen IMGG issuing more stock in the past two months. Should they really have announced a stock buyback plan? What are your thoughts?

- Do you find it peculiar that the company issued a letter to shareholders stating, and I quote:

"After receiving some critiques from shareholders and industry peers we have decided to further demonstrate the capabilities of the DVIS. In the next appearance on Money TV we will provide a video demonstration of a change in the 3D volume as it is being updated in real time. This means we will have motion introduced with or to the imaging phantom being imaged."

Not only did Dean's next appearance on MoneyTV NOT show this promised video, it wasn't even mentioned! Given the caliber of the last video shown, it wouldn't be difficult to shoot another video with the changes in 3D volume shown in real time. It could be shot in five minutes, I think. A month and a half after that shareholder letter was sent, we still have no new video. What do you think the hold up is?

- Do you find it strange that at the shareholders' meeting in January Dean stated the 510(k) package would be resubmitted by Feb/ March and here we are in July with no new timeline? It seems we are seemingly no further along in the process than we were in November. Are we to believe that getting a face-to-face meeting with the FDA really takes half a year?

If I'm a new investor or a person curious about investing in IMGG these three things would be HUGE red flags to me. Not to mention the quickly escalating liabilities (nearly $6 million!) and the current burn rate of the company.

I think your certainty that those who have sold will regret selling is wishful thinking at best. The stock's performance over the past year is a testament to that.

But I am curious about your take on the three points listed above.

Thanks.