Replies to post #286928 on Forwardly Inc (FORW)

[NOBO]

BOULDER CITY, Nev., Oct. 17, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- 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.