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
Laredo's auditor, BF Borgers, was suspended from practicing before the SEC after the agency charged the firm with massive audit fraud -- Laredo had to scramble to find a new, qualified 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.