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 drastic 1-for-500 reverse stock split, undoing the 2012 forward split and signaling continued instability in Laredo's share structure as the Pony Mountain plan struggled to gain traction.
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 new management authorized a 50-for-1 forward stock split and increased authorized shares fiftyfold to 4.5 billion, a share-structure overhaul typical of preparing a cleaned-out shell company for a new business direction.
14 Sept 2012director officer appointment● NeutralMajor
Laredo's founder Ruth Cruz Santos sold her controlling 2,000,000-share stake to Robert Gardner for $20,000 and resigned as officer and director, while Laredo simultaneously transferred its ABR mineral-claims subsidiary back to Santos in exchange for cancelling roughly $86,500 of loans she was owed — leaving Laredo an asset-free shell under entirely new management.
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).
