Past year: ▼ 57%(0.20c – 6.30c USD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Oct 2009registration revoked▼ BadMajor
The SEC's administrative proceeding concluded with an order revoking Caddo International's securities registration effective October 27, 2009, for its multi-year failure to file periodic reports, ending the Company's public reporting life.
1 July 2009listing compliance notice▼ BadMajor
Now renamed Caddo International, Inc. (formerly Petrol Industries), the Company disclosed that the SEC opened a formal administrative proceeding on June 26, 2009 (File No. 3-13527) to revoke/delist its registered securities under Exchange Act Rule 12d2-2, since no periodic report had followed the 2006 late-filing notice; management said it was consulting counsel and its auditors for a remedy.
15 May 2006late filing notice▼ Bad
CADDO INTERNATIONAL, INC. notified the SEC that its quarterly report would be filed late.
30 Mar 2006late filing notice▼ Bad
CADDO INTERNATIONAL, INC. notified the SEC that its annual report would be filed late.
16 Dec 2005auditor change▼ Bad
Auditor Heard, McElroy & Vestal resigned effective September 1, 2005; the Company went over three months without an auditor before engaging Malone & Bailey, P.C. on December 13, 2005. HMV confirmed no accounting disagreements, though it noted it had no direct knowledge of the board's decision to hire the new firm.
15 Nov 2005late filing notice▼ Bad
CADDO INTERNATIONAL, INC. notified the SEC that its quarterly report would be filed late.
28 July 2005asset acquisition disposition▼ BadMajor
David A. Taylor resigned as President and Secretary after barely three weeks, with no replacement named. The same filing disclosed a July 14, 2005 assignment of the Company's Lucille & Charles Horne oil/gas lease for $10,000 plus roughly $325,000 of assumed debt (total ~$335,000), transacted by one director to an entity represented by another - the Company itself said it did not yet know whether this was a related-party transaction.
24 June 2005director officer appointment● NeutralMajor
SHWJ Oil & Gas completed the second and final tranche of its stock purchase (562,000 shares at $0.40/share for $225,800, bringing its total investment to $497,244 for 1,240,612 shares), triggering the resignations of President/Chairman Joseph M. Rodano and VP/Secretary Arlys C. Milan; new directors Ronnie Allen (an independent Louisiana oil producer) and Stephan Latieyre joined the board, and David A. Taylor was named President and Secretary.
3 June 2005annual report● Neutral
A second re-filing one day later, made per a same-day phone call with SEC staff to further revise the certification language - the comment cycle's final fix, with financial figures unchanged throughout.
2 June 2005director interest notice● Neutral
CADDO INTERNATIONAL, INC. 10%+ owner Shwj Oil & Gas Company, INC. bought 575,000 shares on the open market at $0.40.
2 June 2005annual report● Neutral
First of two same-month re-filings of the FY2004 annual report responding to the SEC's comment letter, revising the auditor's report wording and the Section 302 certifications; no financial figures changed.
2 June 2005director interest notice● Neutral
Shwj Oil & Gas Company, INC. became a CADDO INTERNATIONAL, INC. 10%+ owner and company insider (initial ownership filing).
25 May 2005annual report● Neutral
SEC staff sent a comment letter on the just-filed FY2004 annual report asking for two accounting fixes - the auditor's report reworded to cite PCAOB standards, and the Section 302 certifications updated to the SEC's newer required language - prompting the two amended re-filings that followed in June 2005.
20 May 2005director interest notice● Neutral
CADDO INTERNATIONAL, INC. President and Treasurer Joseph M Rodano sold 575,000 shares at $0.40.
10 May 2005director officer appointment● NeutralMajor
Texas-based SHWJ Oil & Gas, Inc. bought the first of two planned tranches of newly issued Petrol stock - 678,612 shares at $0.40/share for $271,444 - and placed its own officer/director Mario Lanza on Petrol's board in place of resigning director Robert Bontempi, opening a change-of-control transaction due to close the following month.
1 Apr 2005annual report▲ GoodMajor
FY2004: the Company returned to profitability for the first time in at least a decade, posting net income of $57,433 on revenue of $805,039 as oil prices kept rising.
9 Sept 2004director interest notice● Neutral
CADDO INTERNATIONAL, INC. President & Treasurer Joseph M Rodano bought 23,400 shares on the open market.
20 Aug 2004substantial holder notice● Neutral
JOSEPH M. RODANO reported a CADDO INTERNATIONAL, INC. shareholding of 594,725 shares (37.20% of votes) in a periodic institutional filing.
14 May 2004annual report● Neutral
A further re-filing of the FY2003 annual report six weeks later with no changes to the reported revenue or net-loss figures, the same certification-only pattern as the prior year's amendment.
31 Mar 2004annual report▲ Good
FY2003: net loss narrowed sharply to just $19,733 on revenue of $763,846, as oil prices continued climbing (averaging $27.52/barrel) and the Company booked a $133,500 gain on an asset sale.
13 May 2003annual report● Neutral
A re-filing of the FY2002 annual report six weeks later, adding officer certifications in the newly-required Sarbanes-Oxley format - no revenue or net-loss figures changed from the original.
25 Apr 2003annual report▼ Bad
FY2002: net loss widened further to $238,398 on revenue of $448,858, the Company's lowest annual revenue since FY1998.
2 Apr 2002annual report▼ Bad
FY2001: net loss widened again to $205,672 on revenue of $547,609, as the average realized oil price fell to $22.61/barrel and production declined 18.7%.
1 Aug 2001substantial holder notice● Neutral
JOSEPH M. RODANO reported a CADDO INTERNATIONAL, INC. shareholding of 576,325 shares (36.00% of votes) in a periodic institutional filing.
30 Mar 2001annual report▲ GoodMajor
FY2000: oil prices jumped to an average $27.18/barrel, the Company's best price in years, turning a rare $3,685 operating profit before other items - though after interest expense it still posted a small net loss of $34,768 on revenue of $799,536.
4 Apr 2000annual report▲ Good
FY1999: net loss narrowed to $185,131 on revenue of $535,680 as oil prices partly recovered to an average $16.48/barrel.
30 Mar 1999annual report▼ BadMajor
FY1998: net loss deepened sharply to $383,990 as revenue nearly halved to $472,591, reflecting the late-1990s global oil-price collapse (average realized price fell to $12.03/barrel).
30 Mar 1998annual report▼ Bad
FY1997: net loss widened to $236,196 on revenue of $810,365, as the average realized oil price fell to $18.44/barrel and production kept declining.
5 Dec 1997auditor change● Neutral
A follow-up amendment attaching KPMG's own concurrence letter confirming it had no accounting disagreements with Petrol - closes out the November auditor-change disclosure with no new substance.
19 Nov 1997auditor change● Neutral
Petrol dismissed longtime auditor KPMG Peat Marwick, whose reports had carried a going-concern qualification, and engaged Heard, McElroy & Vestal, LLP effective November 12, 1997; the company stated there were no disagreements with KPMG on any accounting matter.
