Laredo Oil Inc (LRDC)

[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
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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.

[tw0122]

No doubt this one going to fly 1,000 percenter once they release news. They have been quiet for a reason

[1flaguy]

Totally agree when they actually put out a press release and hire an IR firm the sheer structure is so tight this could easily jump $.50 to a dollar or more

[Cambreau]

March 12 was a great day here. With news soon, could be much better this time around.

[BEIJING BILL]

Hope so Cambreau!! This can move kwikly as we seen the last time when it ran to .50 on tim sykes boost.

[1flaguy]

There is a lot brewing take a look at their latest filing. I believe they are now pumping oil from fields that they actually own.

[mplscubfan]

Looking good here

[tw0122]

Crude Oil about $80 a barrel and a low floater makes this one run fast when it does

[Cambreau]

I know. Hopefully not mm games and something is brewing behind the scenes. Time will tell.

[BEIJING BILL]

Vhats vith the volume here all of sudden? Dead as a door mouse now it looks like someone is looking for some cheese

[Cambreau]

Would be nice if they pr some of it and share it with a wider audience.

[1flaguy]

Lots of new info in the K especially now that they actually own producing oil fields.

[Cambreau]

15 shares traded today. No new developments to report on ?

[1flaguy]

They have lots of oil fields now almost 24,000 acres

[1flaguy]

Nice. Welcome to the club. Where did you find LRDC? What brought it to your attention? I expect some interesting info in the K due out any day.

[abazaba375]

I bought shares

[1flaguy]

In? Whats that mean?

[abazaba375]

In

[Cambreau]

On second thought , please say something LRDC

[1flaguy]

Sleeping giant!! Waiting for news or 8k. So tight will just explode.

[1flaguy]

Huge bid at cdel. Someone wants in.
800,000 @ .0487

[Cambreau]

Now we need some kind of PR out.

[1flaguy]

Wierd someone really wanted in

[jchords]

Gap up