Forwardly Inc (FORW)

[surfkast]

Recapping previous developments, Guard Dog has entered into a Letter of Intent with Starsona, Inc., whereby the company will make a multimillion dollar investment to acquire a significant share of Starsona. A definitive agreement is expected to be executed by August 23, 2019

Guard Dog's Board of Directors has decided to proceed with a "gentle" reverse split, where shareholders would receive one new share for eight old ones, thereby avoiding a wipe out of the current retail shareholders' holdings. In addition to resolving much of the problem of the dormant shares, the reduced number of shares for sale would minimize the effect of the sale of larger blocks, thus enabling the share price to climb more easily. In other words, many short term "flippers" could be taken out of the game. Also, a higher share price will enable the company to effect much more favorable equity financing, i.e. the sale of stock to finance the Starsona acquisition at better (higher) prices.

Bid Ask
0.0028 0.004


6 Months 0.0085 0.0088 0.0027 0.0047073 325,913 -0.0045 -52.94%


https://www.marketwatch.com/press-release/guard-dog-provides-corporate-update-2019-08-09-16184034