Replies to post #49386 on Grapefruit USA Inc (GPFT)

[stockmasterflash]

Did you ask Dean why he

personally paid himself 1/4 of the last financing? I thought he was going to finance IMGG out of his own pocket, not siphon off funds from the sale of IMGG shares?

6/30 Dean was owed $559,946

http://www.sec.gov/Archives/edgar/data/1205181/000118518511001120/imaging3-10q063011.htm

9/30 Dean was owed $398,258

http://www.sec.gov/Archives/edgar/data/1205181/000118518511002058/imaging3-10q093011.htm

Looks like the financing deal was a WIN WIN for DEAN and the lenders

He draws a salary, consulting fee, and expenses and has a significant amount of money owed to him by IMGG. But yet the amount owed to him went down.

[lobcrab]

So, does that mean that all the people who said there would be a big sell-off on November 24th lied? Must call my lawyer.