LRDC Laredo Oil, Inc.

CIK 0001442492 22 ready 8-Ks latest June 17, 2024, 7:59 PM ET RSS · JSON

Ready 8-Ks 22

Latest filing June 17, 2025, 7:59 PM ET

Top materiality 0.75

Event mix other_material ×12 · debt ×8 · regulatory ×1

Sentiment 2 pos · 6 neg · 14 neu

Recent 8-K filings for LRDC

Highest-materiality recent filing

Laredo Oil's auditor BF Borgers suspended by SEC; company seeking replacement auditor

May 9, 2024, 7:59 PM ET regulatory materiality 0.75 negative item 4.01 item 9.01

SEC instituted settled proceedings against BF Borgers CPA PC on May 3, 2024, leading to Borgers' suspension from practice before the SEC.
Borgers was the independent auditor for Laredo Oil's FY 2023 financial statements (ended May 31, 2023).

Read filing →

June 17, 2024, 7:59 PM ET other material materiality 0.70 negative item 4.01

Laredo Oil replaces auditor BF Borgers (suspended by SEC) with M&K CPAS

Replaced BF Borgers CPA PC, suspended by SEC on May 9, 2024, with M&K CPAS, PLLC.
May 9, 2024, 7:59 PM ET regulatory materiality 0.75 negative item 4.01 item 9.01

Laredo Oil's auditor BF Borgers suspended by SEC; company seeking replacement auditor

SEC instituted settled proceedings against BF Borgers CPA PC on May 3, 2024, leading to Borgers' suspension from practice before the SEC.
December 12, 2023, 6:59 PM ET debt materiality 0.60 negative item 1.01 item 2.03 ◈ Debt Financings◈ Material Agreements

Laredo Oil enters SBA payment plan for PPP loan, 180 monthly payments of $5,860.32

180 monthly payments of $5,860.32 each; first payment due December 22, 2023.
May 30, 2023, 7:59 PM ET other material materiality 0.65 neutral item 2.01 item 5.03 item 9.01 ◈ Governance Changes◈ M&A Transactions

Laredo Oil increases authorized shares to 120M, transfers vehicles to CEO for $97,760 in compensation

Authorized common shares increased from 90M to 120M via Certificate of Amendment effective May 23, 2023.
October 28, 2022, 7:59 PM ET other material materiality 0.60 negative item 1.01 item 9.01 ◈ Material Agreements

Laredo Oil borrows $150K from CFO, secured by subsidiary interests

CFO Bradley E. Sparks lends company $150,000 via demand promissory note at 10% interest.
June 3, 2022, 7:59 PM ET debt materiality 0.65 neutral item 1.01 item 2.03 item 3.03 item 9.01

Laredo Oil enters up to $1.5M revolving credit facility with AEI Management at 8.75% interest

Maximum draw $1.5M; advances limited to $150k per 30-day period.
November 15, 2021, 6:59 PM ET other material materiality 0.65 positive item 7.01 item 9.01

Laredo Oil receives reserve report estimating $41M PV-10 for Lustre Oil Field

Independent report estimates $41M cumulative cash flow (discounted at 10%) for certain Montana properties, effective Nov 1, 2021.

Materiality & sentiment trend

Max materiality 0.75 · Median 0.50 · Most common event other_material

2 positive 6 negative 14 neutral

source · LRDC on sec.gov