14 Apr 2026quarterly activities report▼ Bad
Laredo Oil, Inc. reported a quarterly net loss of $1.2 million for the period ended 2026-02-28.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Jan 2026quarterly activities report▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2 thousand and a net loss of $3.3 million for the period ended 2025-11-30.
14 Jan 2026late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its quarterly report would be filed late.
20 Oct 2025quarterly activities report▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2 thousand and a net loss of $952 thousand for the period ended 2025-08-31.
15 Oct 2025late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its quarterly report would be filed late.
29 Aug 2025late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its annual report would be filed late.
17 June 2025material agreement● Neutral
Laredo raised $825,000 through subordinated notes and warrants sold to accredited investors at $0.43 per warrant share; weeks later the agreement was amended to allow up to $1.5 million in notes -- another round in Laredo's long pattern of small, recurring capital raises.
21 Apr 2025quarterly activities report▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2 thousand and a net loss of $416 thousand for the period ended 2025-02-28.
14 Apr 2025late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its quarterly report would be filed late.
17 Jan 2025quarterly activities report▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $2 thousand and a net loss of $816 thousand for the period ended 2024-11-30.
15 Jan 2025late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its quarterly report would be filed late.
21 Oct 2024quarterly activities report▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $6 thousand and a net loss of $469 thousand for the period ended 2024-08-31.
15 Oct 2024late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its quarterly report would be filed late.
29 Aug 2024late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its annual report would be filed late.
17 June 2024auditor change● Neutral
Laredo engaged M&K CPAS as its new independent auditor, replacing the SEC-suspended BF Borgers.
9 May 2024auditor change▼ BadMajor
The SEC entered a settled order against Laredo's auditor, BF Borgers, and on May 9, 2024 told Laredo that Borgers had been suspended from practicing before the SEC. Laredo said it was identifying and retaining a new qualified independent auditor.
19 Apr 2024quarterly activities report▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $13 thousand and a net loss of $267 thousand for the period ended 2024-02-29.
15 Apr 2024late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its quarterly report would be filed late.
12 Mar 2024material agreement▲ Good
Laredo's Lustre Oil subsidiary settled a Montana lawsuit with Erewhon Oil & Gas and A&S Mineral Development over the validity and title of oil and gas leases -- a confidential payment and mutual releases resolved the quiet-title dispute.
25 Jan 2024material agreement▲ GoodMajor
Laredo's Hell Creek Crude subsidiary raised $2.034 million from accredited investors to drill a development well and buy leases in Montana's Midfork Field; some investors rolled $575,000 of existing convertible debt into the new investment instead of taking cash.
22 Jan 2024quarterly activities report▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $0 and a net loss of $754 thousand for the period ended 2023-11-30.
17 Jan 2024late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its quarterly report would be filed late.
12 Dec 2023debt financing▼ Bad
Laredo's 2020 PPP loan was not forgiven and went to collections: the company entered a payment plan with the Small Business Administration requiring 180 monthly payments of $5,860.32, with steep additional interest and fees if it misses payments -- confirming real, ongoing cash strain years after the loan was taken out.
23 Oct 2023quarterly activities report▼ Bad
Laredo Oil, Inc. reported quarterly revenue of $0 and a net loss of $1.1 million for the period ended 2023-08-31.
17 Oct 2023late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its quarterly report would be filed late.
29 Aug 2023late filing notice▼ Bad
Laredo Oil, Inc. notified the SEC that its annual report would be filed late.
24 July 2023material agreement▲ Good
Laredo's Lustre Oil subsidiary and partner Erehwon Oil & Gas farmed out their Lustre Field Prospect in Montana to Texakoma Exploration & Production: Texakoma will pay Lustre/Erehwon $350,000 and fund 100% of drilling two test wells in exchange for an 85% working interest, leaving Lustre/Erehwon a carried 15% interest -- a new, non-dilutive way to advance a prospect without spending Laredo's own cash.
20 June 2023material agreement▼ Bad
Laredo sold 6.06 million restricted shares directly to an individual investor, Robert Adamo, for about $267,000 -- roughly $0.044 per share, reflecting how far the stock had fallen.
2 June 2023debt financing▼ Bad
Laredo amended its $7.5 million note facility, raising the interest rate from 10% to 12% and extending the fundraising window to the end of 2024 -- after nine months, only $540,000 of the $7.5 million capacity had actually been drawn.
30 May 2023asset acquisition disposition▼ Bad
Laredo settled $97,760 of CEO Mark See's unpaid compensation by transferring him two pieces of company equipment (a Ford Explorer and a hoe loader) instead of cash -- a sign of tight liquidity. Separately, shareholders approved raising the company's authorized share count from 90 million to 120 million shares, headroom for further dilutive financing.