Here is the news that got released just today:
$GRDO News Shareholder letter! International Venture Society Presents the Following Shareholder Updates (OTC PINK: GRDO )
International Venture Society (IVS) is pleased to announce that the custodianship proceedings for Guard Dog , Inc. ( GRDO ), Media G3, Inc. (MDGC) and MC Endeavors, Inc. (MSMY) were successfully adjudicated on its merits and granted in favor of IVS. The company, through its attorneys, will provide to the courts a 90 day status report on progressions made in regard to state charter revival, company reconstruction, merger candidates and regulatory compliance. In order to satisfy obligations to the courts, shareholders and potential merging/acquisition candidates, we will begin taking the necessary steps to seek reinstatement of the Nevada charters in the following weeks.
“I am hopeful that the stockholders of the individual companies will view the courts' decision as a vital first step for International Venture Society to construct these long non-operational OTC companies into legitimate businesses once again,”stated International Venture Society CEO Kelani Long. “While our attorneys start working toward charter renewals, I will be evaluating possible business models as well as mergers candidates for the companies.”
$GRDO tweet reply from the Company that Bill Shaefer has nothing whatsoever to do with this shell any longer!
$GRDO tweet on upcoming company updates smile
FYI in order take-over a stock-shell through_the courts in a Custodianship case as opposed to buying one you have to have a business model and a timeframe for what you
are doing. You also have to bring the stock current and follow guidelines set out in the case.
A public shell can cost anywhere from $35,000 to $600,000 depending on the shell you are buying. Knowing that surely the courts will make sure a legitimate company will be taking over the symbol.
Courts don't just take away and hand out dormant stock shells to someone else with no purpose!
This should get very interesting in the coming weeks!!!