Laredo Oil Inc (LRDC)

[cruecu]

Yes but the OTC liquidity was a lot different back then. And this was a sympathy play to another huge oil play that ran the day before. These people have no idea what they are doing because they paid for a promo here and they can’t get any volume. I don’t really understand the point

[CashCowMoo]

I remember last spring almost a year ago there was a ton of hype and promo for this going to the moon. Its basically the same PPS as it was back then

[1flaguy]

Q out tons of info

[1flaguy]

Late filing lots of interesting things happening.

[cruecu]

Was just a thin sympathy play for that other oil one that ran. Can’t remember the name but started with an M. Problem is these people paid for promo this year and have done nothing. So stupid. They don’t know what they are doing

[CashCowMoo]

there was a lot of hype around here last spring about this thing skyrocketing

[1flaguy]

New website!! Check it out.
Laredo-oil..com

[Cambreau]

You can say that again !

[mplscubfan]

Bidding here

[Cambreau]

Agreed. With oil so much in the news lately, just say something positive and this takes off.

[cruecu]

These guys just don’t know how to promote their ticker. Sad

[kstocks1]

Oil stocks gonna be heating up.

[mplscubfan]

Agreed

[cruecu]

It’s amazing what can happen organically when a company isn’t falling all over themselves to dump shares on you.

[BEIJING BILL]

Good timoty sykes gang. Stocks to watch is here.

[Cambreau]

March 12, we remember it well.

[BEIJING BILL]

Lets see those .50s as we did earlier in the year.

[1flaguy]

This is just the beginning. Stock is being accumulated. Up we go

[mplscubfan]

Trading very nicely...

[mplscubfan]

Been quietly adding over the past week. It's coming...

[1flaguy]

Big news. Too bad was not totally clear on what they are sitting on.

[mplscubfan]

Looking great today.

[Twotone]

I've been invested in Loredo for 5 years and I always had faith they'd have another big run. I bet this one will be twice as big as last time!

[cruecu]

yes I’m aware because I traded it back then. they paid for a year’s promo on it last week. They did that for a reason. Selling shares. That’s fine but they need to do it properly if they want it to run again.

No one in their right mind would short an OTC ticker like this because of it’s potential to go up 1000% in an hour. Even if you could find a broker to do it, no chance. Absolute nonsense. Especially near the bottom where it’s stayed for months. All risk no reward

[BEIJING BILL]

Or is itbshorts skrambling for shares? Low floater like this can really hurt them.

10 months ago, tim skyes did a number to them and rucked this to .50

[cruecu]

Doesn’t look they want to lay off the tap

[BEIJING BILL]

Laredo Oil Receives Reserve Report for Lustre Oil Field Properties in Northeast Montana
Laredo Oil, Inc.
Fri, November 12, 2021, 8:30 AM EST·3 min read
In this article:
Explore the topics mentioned in this article

AUSTIN, Texas, Nov. 12, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Laredo Oil, Inc. (“Laredo Oil”) (OTC: LRDC) announces today it has received a reserve report from an independent petroleum engineering firm estimating that interests of proved undeveloped, probable undeveloped and contingent reserves, and forecasts of economics attributable to certain properties in the Western Williston Basin of Montana for oil interests acquired by Lustre Oil Company, LLC (“Lustre”), a wholly owned Laredo Oil subsidiary, total $41 million of cumulative cash flow discounted at 10%. This evaluation, effective Nov. 1, 2021, was prepared using constant prices and costs and conforms to Item 1202(a)(8) of Regulation S-K and other rules of the Securities and Exchange Commission (SEC).

“This reserve report confirms the potential of the first 10 wells we have identified for completion in a small portion of the 23,739 acres where Lustre has acquired mineral rights in northeast Montana. Based on this reserve report, I feel the field has much more potential for expansion,” says Mark See, chairman and CEO of Laredo Oil.

[BEIJING BILL]

Aktivasion

[1flaguy]

News!!! Wow finally

[1flaguy]

New article published

https://www.streetinsider.com/Investor+Brand+Network/Laredo+Oil+Inc.+%28LRDC%29+Is+%E2%80%98One+to+Watch%E2%80%99/19145408.html

[1flaguy]

I am back almost fully loaded and waiting for some good things to happen.

[mplscubfan]

Looking good here

[Cambreau]

Good point. This would move very fast with a good pr.

[cruecu]

Well they just paid for promotion for a year. So we’ll see. Will anyone care is the question?

[Cambreau]

10 months since last pr. An update for the shareholders would be most welcome.

[1flaguy]

Agreed. I am waiting for the oil sales revenues to kick in and be reported. Word is they are hiring an IR firm as well.

[powerbattles]

I still like their technologies, and now they actually own producing oil fields. Good luck to all here.

[powerbattles]

This is why I said they are Desperate for money. In February 2021, the Company drew an additional $1,233,655 under the PPP Second Draw Loans, bringing the total principal borrowed to $2,467,311. the PPP loan is no longer deferred and the borrower must begin paying principal and interest.

$1,233,655 = cash equivalents.

https://www.otcmarkets.com/filing/html?id=15225183&guid=Ebcwk6t2yxf1H3

[powerbattles]

TOTAL LIABILITIES 5,007,406 was 3,491,423 last year. Accumulated deficit (11,086,641) revenue 4.5 million was 8.1 million last year. Administrative expenses 119,350 was 75,000 last year. Here is the money kickback to feed the dogs. YUP!))) "Consulting and professional services" increased near double 379,982 was 230,048 last year. Operating income/(loss)682,682 was 130,866 last year. Estimate Compared to last year That's a huge loss over 500%

Cash and cash equivalents 1,196,650. This isn't cash on hand. Cash equivalents is include bank accounts and marketable securities, which are debt securities. Most people clueless thinking this is cash money. lmao.

[1flaguy]

Desperate?? Have you seen their balance sheet?

[powerbattles]

They are desperate for money.

"On October 1, 2021, Laredo Oil, Inc. (the “Company” or “Laredo”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with Geneva Roth Remark Holdings, Inc., an accredited investor (“Geneva Roth”), pursuant to which the Company sold Geneva Roth a convertible promissory note in the principal amount of $114,125 (the “Geneva Roth Note”). The Geneva Roth Note accrues interest at a rate of 8% per annum (22% upon the occurrence of an event of default) and has a maturity date of October 1, 2022. The Company has received net proceeds of $100,000 in cash from Geneva Roth pursuant to the note.

[cruecu]

The 8k and form D just refer to a note they took out for a little over 100k. Not really meaningful but maybe the noteholders want to convert into shares at 75% of the 3 lowest closing days in the last 15 before they convert. This sure needs someone to take interest and run a nice promo. Maybe the noteholders want to cash in way higher. Maybe not.

[Cambreau]

Seeing inflation everywhere, except here. Talk to us.

[highstreettrader]

Any thoughts on today's after hours filing?

[TradeSmart.ai]

Geesh let’s hope not I drive a lot and also love traveling super high inflated oil prices will be the death of all of that $LRDO

[tw0122]

Low floater and then….


As the threat of hyperinflation grows in the face of runaway government spending, growing consumer demand, and a supply chain crisis, oil prices could well hit $180 by 2022.

Last year, shortly after the World Health Organization (WHO) declared Covid-19 a global pandemic, governments everywhere unveiled massive monetary and fiscal stimuli (over $15T globally) in a bid to forestall the economic fallout of the pandemic. The US federal government stepped in with a broad array of measures, pumping about $4 trillion into the economy; sending cash directly to households, boosting unemployment benefits, and creating several new grant and loan programs for businesses.

It was not long before politically influential players such as Republican Senator Pat Toomey of Pennsylvania started warning of "elevated asset prices and signs of inflation" thanks to the unprecedented level of government largesse. More alarmingly, economic experts chimed in with even more dire warnings of "hyperinflation." For instance, last year, the New York Times bestselling author and founder of 'The Bear Traps Report' Lawrence 'Larry' McDonald warned of the 'cobra effect' whereby the stimuli designed to save the economy will instead "...cause a hyperinflationary economic collapse."
?
Hyperinflation could send oil prices above $180

https://oilprice.com/Energy/Oil-Prices/Hyperinflation-Could-Send-Oil-Prices-Above-180-137.html

[TradeSmart.ai]

Added today $LRDC

[tw0122]

Will take your .0510 on ask but market makers won’t give them up. This is always a good sign.

[mplscubfan]

It's coming...

[Cambreau]

Can't wait to see this trade millions of shares again.