Past year: ▼ 100%(5.00c – 27.20 USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Nov 2014listing compliance notice▼ BadMajor
Laredo voluntarily deregistered its common stock with the SEC, citing only 88 holders of record, ending its reporting obligations and closing out its public-company history without the Pony Mountain acquisition ever being reported as completed.
12 Sept 2014other material event▼ BadMajor
FINRA approved a 1-for-500 reverse stock split on September 11, 2014, to take effect September 15. It reduced 2,128,500,000 outstanding shares to about 4,257,000, with authorized shares unchanged at 3 billion.
8 July 2014auditor change● Neutral
Laredo dismissed De Joya Griffith as its auditor with no disclosed disagreements and engaged MaloneBailey LLP in its place ahead of its FY2014 audit.
24 Apr 2014dividend declaration● Neutral
Laredo declared a small stock dividend of one restricted Preferred B share for every 100,000 common shares held, following FINRA approval.
18 Dec 2013annual report● Neutral
Laredo amended its FY2013 annual report to attach additional corporate-governance and consent exhibits, without changing the reported financial results.
13 Dec 2013annual report▼ Bad
Laredo's FY2013 annual report showed accumulated losses widening to $356,345, driven largely by Pony Mountain acquisition costs, including new shares issued to Magna Management as consideration for Magna's $240,000 payment toward the property's purchase price.
9 Oct 2013other material event▲ Good
Laredo issued a news release describing early-stage ore-hauling and testing work at Pony Mountain, indicating on-the-ground activity had begun at the property under a state environmental permit.
30 Sept 2013bylaws amendment● NeutralMajor
Laredo amended its articles of incorporation to raise authorized common stock to 2 billion shares and create four new classes of preferred stock — a dilution-enabling step taken while building out the Pony Mountain deal (the company's own filing mislabeled this an Item 5.02 director/officer change; it is actually an Item 5.03 articles amendment).
11 Sept 2013other material event▲ GoodMajor
Laredo formalized its 2012 preliminary agreement with Magna Management, taking on Magna's contractual buyer rights to the roughly 4,000-acre Pony Mountain Gold property in Montana under an August 2013 purchase contract with the underlying sellers.
21 Dec 2012annual report● Neutral
Laredo amended its FY2012 annual report to attach newly adopted corporate-governance exhibits, including an audit committee charter, without changing any reported financial results.
29 Nov 2012annual report▼ Bad
Laredo's FY2012 annual report, filed shortly after the change in control, showed accumulated losses growing to $120,470 and continuing going-concern doubt, still reflecting the legacy ABR Claims business ahead of the pivot to Pony Mountain.
5 Nov 2012other material event▲ GoodMajor
Laredo signed a 60-day exclusive right to negotiate buying Magna Management Ltd.'s interest in the Pony Mountain Gold property in Montana — its first concrete lead on a new business after shedding its Nevada mineral claims.
31 Oct 2012other material event● NeutralMajor
Laredo's board approved a 50-for-1 forward stock split and raised authorized common stock from 90,000,000 to 4,500,000,000 shares, effective October 30, 2012. The CUSIP number and trading symbol did not change.
14 Sept 2012director officer appointment● NeutralMajor
Founder Ruth Cruz Santos sold her 2,000,000 shares (56.02%) to Robert Gardner for $20,000 and resigned. Laredo transferred its subsidiary LRE Exploration LLC and its Elko County, Nevada claims to her, and she assumed the related liabilities and released her promissory notes.
22 Nov 2011annual report▼ Bad
Laredo's first annual report as a public company showed no revenue and no exploration work yet conducted on the ABR claims, with accumulated losses of $64,114 and auditors flagging substantial doubt about its ability to continue as a going concern.
20 June 2011other● Neutral
The SEC declared Laredo's S-1 registration statement effective, clearing the way for its shares to be publicly resold and quoted.
14 June 2011other● Neutral
Laredo's counsel responded in writing to further SEC staff comments on the registration statement.
25 May 2011other● Neutral
SEC staff sent additional correspondence during the review of Laredo's S-1 registration statement (filed as a scanned image; content is not machine-readable).
25 Feb 2011other● Neutral
SEC staff sent additional correspondence during the review of Laredo's S-1 registration statement (filed as a scanned image; content is not machine-readable).
11 Feb 2011other● Neutral
SEC staff sent further correspondence during the review of Laredo's S-1 registration statement (filed as a scanned image; content is not machine-readable).
25 Jan 2011other● Neutral
SEC staff sent correspondence during the review of Laredo's S-1 registration statement (filed as a scanned image; content is not machine-readable).
