Laredo Oil Inc (LRDC)

[powerbattles]

Laredo relation ship with alleghany through Oil Resources Corporation ("SORC") Since now they acquired 100% of the stock of Stranded Oil Resources Corporation ("SORC") As stage on the News they own SORC assets included owns the enhancements to UGD 3.0 new version.

"With this acquisition of SORC, Laredo now has exclusive rights to utilize that technology on its own assets and those of operators worldwide," said Mark See, Chairman and CEO of Laredo Oil.

This stock sitting at this level is because they are tight in binding agreement licenses to SORC. Under the SORC License Agreement, all SORC preferred share accrued dividends must be paid and any Alleghany funds invested in SORC to finance their acquisition and development must be repaid prior to the distribution of any Royalty cash distributions to Laredo. THIS IS A LOSER DEALS. now they are free no string attack with Alleghany.