Replies to post #49515 on Grapefruit USA Inc (GPFT)

[stockmasterflash]

Market makers

can get shares directly from IMGG for 5 cents. Dean has been unsuccessfully trying to sell 5 cent shares since the summer.

Why do they need to "shake the trees" to get shares at 7.5 cents when ANYONE can buy at 5 cents??

[lobcrab]

Not sure I agree with you on this one. I think it is some of the last private placement shareholders unloading stock as Stockmaster has predicted. I wouldn't be surprised to see this go down into the 5-6 cent category before the end of January.

But...... from the research I continue to do, it appears that they have begun gathering images and are intent on resubmitting this 510k. When they do, price will increase to around 50 cents in my opinion. Upon approval, this will easily top $3.

It is telling that, relatively speaking, not many of the new shares have been dumped. I think these "toxic lenders" also realize that there is a good chance of this being a very lucrative payoff. I would expect that they would do what I did - get back their initial investment, perhaps some profits, and let the rest ride.

GLTA.

[treeman1]

agree

[stockmasterflash]

Down 14% at the low of the day on 2+ million share volume

Today is either:

A) "OMG! The share price is bottoming out!! Sell!! AAAAAHHHH!!", or it's

B) "Oh, look. The MM's are shaking the trees, making round trips, and trying to get as many people to sell as possible. The share price this afternoon will be right about where it was this morning."

I'm going to go with B). Good luck with A), and sounding the alarms as hard as you can.