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Monday, November 19, 2018 11:05:55 PM
Maybe you missed what Mr.Sharp aka The Magician has accomplished....
Amazing....Just think about this for a moment Folks...
Guard Dog, Inc. Eliminates Liabilities in Debt for Equity Swap
https://globenewswire.com/news-release/2018/10/17/1623041/0/en/Guard-Dog-Inc-Eliminates-Liabilities-in-Debt-for-Equity-Swap.html
Guard Dog, Inc. (PINKSHEETS: GRDO), announced today, that it has eliminated its debt through an agreement to convert one creditor’s debt to Preferred Class “D” shares, and the mutual rescission of an obligation to another creditor. The ownership of the Preferred Class D shares has been transferred to a third party. The latest financials will now reflect a clean balance sheet.
In a separate agreement the owner of the newly created Preferred Class D shares has agreed to use them to exercise voting rights only, and not convert them to common shares for a period of at least 10 years. This makes the debt conversion completely non-dilutive for at least that period. The agreement will carry forward should ownership of the preferred shares be transferred in the future.
This is VERY easy math ....
Just think of what George has cooking here to secure this type of deal....No creditor in their right mind would accept such terms unless their was something MUCH more valuable being left on the table for them.
Phenomenal gains to be realized here.....
This guy walks up to me at the horse track... As I placed my bet he scoffed at my pick. ....Then offered to by my ticket for half price..
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