News: Randy Gregory may have way back thanks to Raiders, Witten explores options - Cowboys Wire
News: Randy Gregory may have way back thanks to Raiders, Witten explores options - Cowboys Wire |
- News: Randy Gregory may have way back thanks to Raiders, Witten explores options - Cowboys Wire
- Toyota Asks USA Fans If They Want The GR Yaris - CarBuzz
- Grapefruit USA, Inc. (OTCQB “GPFT”) Corporate Name and OTC Ticker Symbol Change Completed; GPFT Will Temporarily Be Quoted On the OTCPink Market - Yahoo Finance
| News: Randy Gregory may have way back thanks to Raiders, Witten explores options - Cowboys Wire Posted: 31 Jan 2020 01:25 AM PST Say, say, say… Super Bowl Week means lots of talk leading up to the big game. And even though they're not playing on Sunday, the Cowboys have been a hot topic among the media in Miami. Jason Witten says he still wants to play, even if it's not in Dallas. Dak Prescott will be saying many of the same things in the huddle in 2020. One of this year's Super Bowl quarterbacks had great things to say about Tony Romo back when he entered the league. Jamal Adams says he's planning on staying with the Jets. The Cowboys' new secondary coach says he wants "ballhawks." And an unlikely supporter is the latest to say that Drew Pearson's exclusion from Canton is "a shame." Here's what they all had to say, in this edition of News and Notes. Jason Witten hopes to continue playing for Cowboys, but says 'all options are on the table' :: The AthleticThe 37-year-old tight end looked to many fans as if he had lost more than a few steps last season, but Jason Witten may not be quite ready to hang up his cleats and retire a second time. In fact, he sounds like someone gearing up for yet another season in pursuit of a Super Bowl… but will it be as a Dallas Cowboy? "We'll see how it plays out, but yeah, I'm putting myself in position to go play and evaluating what that looks like," Witten is quoted as saying. "I hope so [it's with the Cowboys]. But I realize I'm a free agent, too, in March. Any time a new staff comes together, I've played a long time, so I realize that may mean somewhere else, too. That's just part of the business. I'll continue to communicate and see where it unfolds." The future Hall of Famer says he's had a good visit with new Cowboys coach Mike McCarthy and has been "in constant communication" with Jerry and Stephen Jones in the Dallas front office. But Witten's longstanding relationship with new Giants offensive coordinator Jason Garrett bears monitoring and has already fueled speculation of a possible move to New York. –TB Dak Prescott: Mike McCarthy's decision to keep Cowboys' terminology the same is 'huge' :: USA TodayWith so many changes on tap for 2020, Cowboys quarterback Dak Prescott is relieved that one thing that will reportedly stay the same is the vocabulary he uses when calling plays in the huddle. "It's huge," Prescott told Jori Epstein in Miami. "That's big. I mean, that's one of the biggest things when you talk about a quarterback, when you talk about leading an offense. Because if the terminology stays the same, that lessens that learning curve, that gap of, 'I've got to learn that before I can teach it.' Well, now I know that, so I can go straight to teaching." Click the link for more of what Prescott said, including his thoughts on what his teammates think of all the talk regrading his contract status with the team. –TB Cowboys have found gold (jackets) at No. 17 :: The MothershipCould Dallas strike gold with the 17th pick in the upcoming draft? It's happened before. Of the four previous times the club has made the selection in that spot, two of the players chosen have gone on to find themselves enshrined in Canton. Not a bad ratio. Granted, Emmitt Smith and Mel Renfro leave pretty big shoes for an incoming rookie to fill. But the other two 17th-overall picks in club history were no slouches, either, as team staff writer Nick Eatman points out. –TB Patrick Mahomes: Growing up a Cowboys fan, to be compared to Tony Romo is 'awesome' :: Dallas Morning News (2017)No self-respecting Cowboys fan is rooting for the 49ers in Super Bowl LIV. But maybe you're looking for extra incentive to be an honorary Chiefs fan for the day, like WFAA's Mark Lane was. In the 2017 Dallas Morning News piece Lane links to, quarterback Patrick Mahomes detailed his Cowboys fandom as a youngster growing up in Texas. Not yet selected by Kansas City at the time of the article, Mahomes was flattered by pre-draft comparisons likening him to Cowboys gunslinger Tony Romo. "He wasn't scared to pull the trigger," Mahomes then said of the just-retired Romo on the Fox Sports 1 show Undisputed. "He wasn't scared to make any throw on the football field. So just to get compared to him is awesome." –TB 2020 NFL Draft Digest No. 1: Searching for a solution to the Cowboys' safety woes :: The AthleticBob Sturm kicks off his NFL draft work by taking a look at the position the Cowboys have ignored perhaps more than any other as of late: safety. In 2019, Dallas found themselves in the enviable position of being able to choose from Juan Thornhill, Nasir Adderley, and Taylor Rapp. They chose none of those players. Perhaps the new coaching staff has a different philosophy? Sturm looks into five different safeties that will likely be gone by Day 2 of the draft. The head of the class is Clemson linebacker Isaiah Simmons, who lined up everywhere and, prior to his final college season, played safety. –TT New York Jets putting the kibosh on Jamal Adams to Cowboys trade speculation? :: Inside the StarThe sequel to Cowboy Nation's favorite fantasy tale from last season may be getting the plug pulled while still in preproduction. After a long and public courtship that ultimately went nowhere in 2019, Dallas and Jets safety Jamal Adams may be on the outs once and for all. Adams has taken to Twitter to reveal that he and the Jets have had "small discussions" about an extension that would keep him with Gang Green. The All-Pro safety went on to say that he "fully expect[s] to be extended this offseason" and that he wants to remain in New York. Of course, a lot can happen between "small discussions" and actually spilling ink on a Jets contract, so drama-loving Cowboys fans may choose to keep their popcorn at the ready and hoping for a plot twist. –TB New Cowboys secondary coach Maurice Linguist wants 'ballhawks' at safety :: Blogging the BoysThe Cowboys ranked last in the league in interceptions last season. That's going to change, if new secondary coach Maurice Linguist has anything to say about it. The Texas A&M hire plans to spend 2020 working mainly with the Dallas safeties, while another new staffer, former Green Bay Packer Al Harris (who had 21 picks over his NFL career), will focus on the team's cornerbacks. Linguist, in a video interview posted on the Cowboys' website, says he wants "ballhawks" at the safety position. In a single answer about what he's looking for, the 35-year-old Dallas native also used words like "attacking," "disruptive," and "aggressive." All are phrases that may be unfamiliar to Cowboys fans when it comes to discussions of their defensive backs' recent play. –TB Suspensions like Randy Gregory's may become illegal :: Sport DFWDefensive end Randy Gregory remains on indefinite suspension after his latest violation of the league's substance abuse policy in February 2019. In April, the Cowboys extended the former second-round-pick's contract through the 2020 season- mainly because they believe in his football potential, but also partly because they know the tide is turning when it comes to how society and the law view marijuana usage. Reid Hanson lays out a theory- also citing ProFootballTalk's Mike Florio- that the league will perhaps have to change its view on the subject as well. The catalyst may well be the Raiders' move to Las Vegas. Nevada state law prohibits companies from refusing to hire an employee based on a failed drug test. That law appears to now apply to the Raiders… and could eventually force the league to allow the other 31 teams to follow suit. With the CBA currently being negotiated and reports concessions will be made in the testing and discipline areas (in exchange for a 17th game), things may be moving on multiple fronts that will allow NFL players to exist without marijuana testing or punishments. –TB Joe Theismann believes that Drew Pearson belongs in the Pro Football Hall of Fame :: Blogging the BoysJoe Theismann is about the last guy one would expect to heap praise on a member of the Dallas Cowboys. But the Redskins legend said this week that he considers it "a shame Drew Pearson's not in the Hall of Fame." That's saying something, considering the Cowboys wideout torched Washington for 1,312 yards and seven touchdowns over his 21 career meetings with the Redskins. Most of those games featured Theismann at the helm throughout the mid- to late-1970s and early '80s. "He's the only member of the All-Decade team that's not in the Hall of Fame, which really is a travesty, " Theismann continued. "It makes you look at the Hall of Fame and start to wonder why. Why and how can something like that happen?" But Theismann's support of Pearson runs deeper than even their storied NFL rivalry. Many fans may not realize that the two were actually high school teammates. –TB  |
| Toyota Asks USA Fans If They Want The GR Yaris - CarBuzz Posted: 31 Jan 2020 06:26 AM PST  Just a few weeks ago, we lamented the fact that the Toyota GR Yaris will probably never come to North America. Not only does it look the part, but the GR (Gazoo Racing) seems to have all the ingredients to make it the perfect pocket rocket: 268 horsepower, a six-speed manual gearbox, all-wheel-drive, and a weight of just 2,822 pounds. It'll cover 0-62 mph in under 5.5 seconds, in case you're wondering. It seems that Toyota USA has heard the pleas of motoring journalists and car enthusiasts, at least according to a new tweet from the manufacturer's Twitter account above an image of the GR, posing the question: "Does the North American market need another hot hatch? Let us know what you think!"  |
| Posted: 31 Jan 2020 03:00 AM PST Los Angeles/Desert Hot Springs, CA, Jan. 31, 2020 (GLOBE NEWSWIRE) -- Grapefruit USA, Inc., a Delaware corporation, (OTCPink: "GPFT") ("Grapefruit" or the "Company") a California based fully compliant cannabis company is announcing today that both its Corporate name change from Imaging 3, Inc. to Grapefruit USA, Inc. and ticker symbol change from IGNG to GPFT have been completed and approved by FINRA. Furthermore the Company's common shares will temporarily be quoted on the OTCPink Market as a result of a delay in the effectiveness date of its pending registration statement on Form S-1 caused by the autumn 2019 delays in connection with the audit of the Company's wholly owned subsidiary, Grapefruit Boulevard Investments, Inc. ("GBI"). In order to fully inform our shareholders why this highly technical temporary regulatory step has been deemed necessary by OTC Markets Compliance Department a review of certain aspects of the history of GBI's reverse acquisition of Imaging3, Inc. is in order. On March 13, 2019, Imaging3, Inc. (hereinafter "IGNG" or the "Company") executed a non-binding letter of intent with GBI related to a proposed reverse acquisition of IGNG by GBI. On March 28, 2019, management of both GBI and IGNG met with IGNG's independent public auditors Rose, Snyder and Jacobs, CPAs (hereinafter "RSJ"). The purpose of the meeting with RSJ was to ascertain if it had the requisite professional experience to successfully audit a cannabis company such as GBI. At the conclusion of the meeting and after RSJ reviewed GBI's financials, RSJ represented to the Company that, although it lacked prior professional experience in auditing a cannabis company, RSJ felt comfortable with the project of auditing GBI's financials for the filing of a Form 8K/A concerning the proposed reverse acquisition after its completion. RSJ requested that GBI hire a cannabis accounting expert of its choice to review GBI's books and records, which GBI consented to. On April 30, 2019, RSJ conduct a successful warehouse inventory audit on GBI at GBI's site in Desert Hot Springs, California. On May 31, 2019, IGNG and GBI executed a Share Exchange Agreement documenting the reverse acquisition of IGNG by GBI. In mid-June 2019, IGNG, Inc. engaged Lucosky Brookman, LLP to prepare and file an S-1 Registration required by the terms its financing commitment with its major institutional investor. (pre-GBI audit.) In early-July 2019, GBI and IGNG successfully completed the post-closing conditions on the reverse acquisition and on August 21, 2019 shares were exchanged. On July 25, 2019, IGNG filed the S-1 registration statement. On August 21, 2019, IGNG received the SEC's first comment letter, which consisted of only fourteen (14) minor comments, and one (1) very significant comment requesting that IGNG include the GBI audited financials in its Amended S-1 Registration. The following is the press release hyperlink related to the SEC's first comment letter: https://www.globenewswire.com/news-release/2019/08/22/1905294/0/en/Imaging3-Inc-Grapefruit-OTCQB-IGNG-Announces-Receipt-of-SEC-Comment-Letter-on-its-Registration-Statement-on-Form-S-1-filed-by-Grapefruit-on-July-25-2019.html In late August 2019, without any prior notice, RSJ "regretfully" informed GBI and IGNG that after examining the situation, it reached the conclusion that it could not audit GBI because of the very specialized cash accounting issues related to the industry. RSJ recommended that GBI retain SingerLewak as its new auditors because SingerLewak is a nationally recognized auditor with prior experience in auditing cannabis and hemp companies. This totally unforeseeable event resulted in a substantial delay in completing the GBI audit which initiated a chain reaction of additional delays including most, importantly, IGNG's filing of its post reverse acquisition Form 8-K/A and Amendment No. 1 to the S-1 registration statement because without the audit, IGNG could file neither the Form 8-K/A or Amendment No. 1to the S-1 registration statement. On August 22, 2019, GBI engaged SingerLewak as its new public auditors. From August 22, 2019 to September 22, 2019, the Company and its management were reasonably expecting that SingerLewak would complete the audit in a timely matter by no later than September 23, 2019. On the morning of September 23, 2019, SingerLewak unexpectedly informed GBI and IGNG that it would need an additional "few weeks" to complete the audit due one of the audit partner's "family issues" and because some of its staff were in training. In late October 2019, SingerLewak again unexpectedly informed GBI that because of "unpredicted" tax issues due to GBI's involvement in the cannabis industry, SingerLewak needed "additional time" to complete the audit through no fault of GBI or IGNG. In early November 2019, SingerLewak, without any prior notice to the Company, requested that GBI hire a tax expert to prepare a specialized tax treatment opinion letter which caused another delay through no fault of GBI or IGNG. On or about November 26, 2019, SingerLewak finally successfully completed the audit of GBI's financials, and consented to using the audited finals in the IGNG Form 8K/A and Amendment No. 1 to the S-1 Registration Statement. On November 29, 2019, the Company filed Amendment No. 1 to its current report on Form 8-K which was originally filed on July 16, 2019 which Amendment contains GBI's audited balance sheets as of April 30, 2019 and 2018 and the related statements of operations, changes in stockholder's (deficit) equity and cash flows for period August 28, 2017 (inception) to April 30, 2018, the year ended April 30, 2019 and the related notes to the financial statements. (collectively, the "Financial Statements") and the Unaudited Pro Forma Combined Financial Information consisting of the unaudited combined balance sheet and statement of operations of GBI and IGNG (collectively, the Pro Forma Financial Statements). The Financial Statements and the Pro Forma Financial Statements were prepared by GBI's then Independent Auditor, SingerLewak LLP. On December 16, 2019, IGNG filed with the Financial Industry Regulatory Authority ("FINRA") to change the Company's Corporate Name to "Grapefruit USA, Inc.", and Stock Ticker symbol to "GUSA", "GPRE", "GPFT" or such other Ticker symbol as FINRA and GBI might agree upon. On January 17, 2020, IGNG filed Amendment No. 1 to its Registration Statement on Form S-1 originally filed on July 25, 2019. The Registration Statement covers shares to be issued to its institutional investor, Auctus Fund, LLC. ("Auctus") of Boston, MA in connection with conversions of Convertible Notes (the "Notes") issued to Auctus at 95% of Market and upon exercise of callable cash exercise only Warrants issued by the Company to Auctus. If all of the Notes are issued and the Warrants called, IGNG will have received $10,000,000.00 of gross proceeds from the transactions. On January 22, 2020, the Company, with no prior warning, was informed by OTC Markets Compliance Department ("OTC Compliance"), that it needed to immediately provide OTC Compliance with the "S-1 clearance", "name change effectiveness" and evidence that the "float is above 10%." Without any prior notice whatsoever, OTC Compliance set an arbitrary deadline of January 30, 2020, seven (7) days from the notice to complete the open items, or OTC Compliance would unilaterally "move" IGNG to the "Pink Market". OTC Compliance essentially took the position that the Company's reapplication to the OTCQB required by the change in control of IGNG occasioned by the reverse acquisition of IGNG by GBI had been pending too long and thusly set the January 30, 2020 deadline. On Friday, January 24, 2020, FINRA informed IGNG that the name change and ticker symbol change were both approved and the Company immediately filed a Certificate of Amendment of its Articles of Incorporation with the Delaware Secretary of State to change its name from Imaging3, Inc. to Grapefruit USA, Inc. The name and ticker symbol change were placed on the FINRA daily list on Monday, January 27, 2020 and effective the next day or January 28, 2020. Furthermore on Monday January 27, 2020, the Company provided reports from its transfer agent, VStock, LLC, which reflect that the float is approximately 14.3% of the currently outstanding shares of the Company. Therefore two (2) of the three (3) items required by OTC Compliance were completed by January 27, 2020. However, the timing of the "S-1 clearance" is in the hands of the SEC Corporation Finance Division and is out of the Company's control. As stated above, the Company filed Amendment No. 1 to the S-1 registration statement on January 17, 2020, therefore it will receive new comments on or before February 17, 2020. Lucosky Brookman has informed GPFT that they believe the comments should be minimal, but this cannot be certain. As soon as the Company receives the next comment letter from the SEC staff, it will respond to any comments and request acceleration of effectiveness of the registration statement. Immediately upon effectiveness, the Company will reapply to the OTCQB, all of whose qualification criteria it meets. With respect to the expiration of the change in control application, Bradley J. Yourist, Grapefruit CEO, stated, " As set forth in more detail above on January 22, 2020, without any prior notice, OTC Markets Compliance informed management of the Company that after reviewing its change in control application and the length of time it had been pending, OTC Markets Compliance decided to set a deadline of January 30, 2020 for the Company to complete three action items: First, obtain effectiveness of its S-1 Registration Statement; Second, complete the name change and ticker change process; and third, demonstrate that the Company's float exceeded 10% of the Company's total outstanding shares. The Company was given 7 business days to complete these action items, otherwise the Company would be temporarily unilaterally "moved" to the OTCPink Market commencing January 31, 2020 until such time as the action items were achieved. On January 28, 2020 counsel for the Company informally appealed to OTC Markets Compliance , explaining that that action items 2 and 3 had been achieved but that effectiveness of the Company's S-1 was an open item and was out of the company's control and requested additional time to complete that item before being moved to the OTCPink Market. OTC Compliance declined to grant the extra time. While we are disappointed that the Company's common shares will now be temporarily quoted on the OTCPink Market we understand the OTC's position that a change in control re-application must be generally completed within 3 months-time which we exceeded. The delay in completion of the re-application was caused by the long delay of the completion of the GBI audit which prevented the Company from filing Amendment No. 1 to the S-1 registration as the Amendment required the inclusion of the GBI audit. The unforseen delay in completion of the audit caused a chain reaction resulting in the delay in completing the change in control application with the OTC and triggering the decision by OTC Compliance. GPFT shareholders should be aware that this temporary move to the OTCPink Market is of no practical import. The Company remains a fully reporting, audited company and will continue to timely file periodic reports. No aspect of our core business is negatively affected by this action. We are in the process of preparing our annual report on Form 10-K for the year ended December 31, 2019 which will be filed timely or earlier. Very importantly, we believe that our relationship with our main institutional investor remains solid and that our financing will not be delayed due to this temporary move to the OTCPink Market. Lastly but certainly not least, this temporary adjustment will in no way impair our efforts to continue to take all steps necessary to grow our revenues as we move forward to our stated goal of becoming a leading force in the legal cannabis industry." To learn more about Grapefruit, please visit our website at: About GRAPEFRUIT Grapefruit's corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit's extraction laboratory and distribution facilities are located in the industry recognized Coachillin' Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 14 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit's vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis product Company. To obtain further information on Grapefruit and its operations, please visit its website at https://grapefruitblvd.com/. To learn more about Grapefruit's Sugar Stoned branded line of cannabis and CBD infused edibles, please visit us at https://sugarstoned.com/. Safe Harbor Statement Imaging3 cautions you that any statement included in this press release that is not a description of historical facts is a forward-looking statement. Many of these forward-looking statements contain the words "anticipate," "believe," "estimate," "may" "intend," "expect" and similar expressions. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the company and are subject to a number of risks and uncertainties inherent in Grapefruit's business, including, without limitation: the company may not ever obtain additional funds necessary to support its business development and growth plans; and the company may not ever achieve the market success to reach or sustain a profitable business. In addition, there are risks and uncertainties related to economic recession or terrorist actions, competition from much larger cannabis companies, unexpected costs and delays, potential product liability claims, and many other factors. More detailed information about Grapefruit and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q for the period ended June 30, 2019 and its Registration Statement on Form S-1. Such documents may be read free of charge on the SEC's website at www.sec.gov. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Grapefruit undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995. Investor Relations Contact:   |
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