Yesterday, just before the trading session, Guard Dog, Inc. (PINK:GRDO) brought out a press release which heated up the stock to the utmost limit. GRDO gaped up immediately at the open and subsequently finished at $.0039. The spectacular rise of 105% was reached on a volume of more than ten times the average.
The inflammation of GRDO was ignited by the announced merger, which was said to bring major structural changes to the company, including:
- Changes in the management.
- Relocation of the corporate office.
- Liquidation of current liabilities.
The company also announced it was working hard to upgrade its reporting status and that it even aimed at going into a higher exchange.
GRDO is working in the field of identity theft prevention which is a very promising sector, but this doesn’t guarantee the success of every actor on this scene. Unfortunately, it is not easy to estimate where GRDO is positioned in this field because the company has ceased its financial reporting. Therefore, no one can suggest what the company offers in exchange for its $4 million market cap.
GRDO played tramps when it attracted Kendra Todd, one of The Apprentice winners, as its spokeswoman. In fact, the popularity around Kendra can be of benefit to the image of GRDO.
Unfortunately, the impossibility to delve into GRNO’s finance can be keeping many potential investors at bay. Therefore, the no information status of the company can be a counterweight to the development of GRNO. So the sooner the company gets out of this pink sheets category, the better.
