Replies to post #49556 on Grapefruit USA Inc (GPFT)

[stockmasterflash]

Because since the Reg D private placement failed to sell out 6 months ago

All of the shares bought in that 5 cent private placement could now be sold for 25-50% gain

All of the shares bought on the open market since then are now showing a loss.

Quote:

""OK, so the lockup period is only 6 months.

I still don't know why one would choose to buy nickel shares that must be held through any positive announcements for 6 months when shares can be purchased for 50% more and played at the owner's convenience.

Can you explain why one would choose to hold nickel shares for 6 months? I haven't understood the rebuttal to that, yet.""

[kimble1]

??? the premise is you get shares at 25-50% discount from what they are trading at....you hold them for six months and then you are free to sell them...HOPING that nothing bad happens in the mean time and share price holds....

in my case i bought a million shares at 2.5 cents....i was forced to hold them all the way up to $1.95 and then back down....when my restriction lifted stock was trading around 65 cents i sold as fast as i could

even though you might think i missed out on the HIGHS...in reality i made out great becasue i would have sold ALOT on the run up and most likely not had netted much more than the 650k than i did due to the restriction