Friday, November 30, 2012

Yet ANOTHER Gardner lawsuit

"First Star Resources Inc. is facing a lawsuit in the Supreme Court of British Columbia from Magna Management Ltd., a shareholder that claims First Star owes it $50,000. Magna says that it provided First Star the money for a future private placement, but never received any shares. Magna has since asked for the money back, but First Star has refused, the suit states."

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFS-2021925&symbol=FS®ion=C

How Chuckles sees himself
Yes of course we all know that Magna Management Ltd. is Mr. Gardner's obligatory non-arms length holding company, run by his long time personal assistant Ms. Carolin Schella.

A horse (err Pony) of course they work from the same office, naturally.
Magna Management Ltd.
#300, 838 West Hastings Street
Vancouver, V6C OA6

Too true is that First Star Resources Inc. is all about Mr. John Campbell, again.

How we see Chuckles.
Who wonders what awesome, extra special legal strategy Mr. Gardner has up his sleeve for this here one. I believe the tried and true "Blago" approach is best (again).

Every judge at the courthouse MUST know Robert Gardner by name so this here is a "can't miss" proposition.

My bill is in the mail Mr. Gardner.


_______________________________________


http://www.ponymountaingold.com/
As loyal readers are aware by now Mr. Robert "Chuckles" Gardner loaded up on gobs of worthless LRDR.o paper at a cent a couple months ago, giving him 56% of the outstanding. Naturally the SP was walked up to the $ .45 levels on dead goofy trades.

Latest is the launching of the obligatory promo for dopos and darn citizens, what was the name of that subject property at the center of the GNM/Good fiasco again? Pin the tail on your Pony twas indeed.

Now we have Chuckles making promotional hay with complete chit with a deal he was being paid (very well) to represent for another party. Hmmmmm. Takes the $ 75k and then launches multiple lawsuits against all involved.

There are names for this, none of them acceptable here, sadly.


Attached files
FileFilename
EX-99.4 - EXHIBIT 99.4 - Laredo Resources Corp.ex99_4.htm
EX-99.3 - EXHIBIT 99.3 - Laredo Resources Corp.ex99_3.htm
EX-99.2 - EXHIBIT 99.2 - Laredo Resources Corp.ex99_2.htm
EX-99.1 - EXHIBIT 99.1 - Laredo Resources Corp.ex99_1.htm


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 2, 2012

Laredo Resources Corp.
(Exact name of registrant as specified in its charter)
Nevada333-171457n/a
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
300 Jameson House
838 West Hastings Street
Vancouver, B.C., Canada
V6C 0A6
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (604) 669-9000
________________________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
[ ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
SECTION 8 – OTHER EVENTS
Item 8.01 Other Events
On November 2, 2012, we entered into a letter agreement with Magna Management Ltd. (“Magna”) under which we have been granted the exclusive right, for a period of sixty (60) days, to negotiate for the purchase of all rights held by Magna in the mineral property known as Pony Mountain Gold, located in the Mineral Hills District (commonly called the Pony District) in southwestern Montana. During the exclusive negotiation period, we will have access to all documentation and information regarding the title and geology of the property and any other information necessary for the completion of our due diligence. We anticipate that our purchase of Magna’s rights to the property, if consummated, would be made through a combination of cash payment and issuance of common stock, with the rights being assigned to a wholly-owned subsidiary to be formed. Pricing and other details of the potential acquisition of Magna’s rights are the subject of ongoing negotiations.
The Pony Mountain Gold property is comprised of an approximately 4000-acre package of properties, assembled over the years by a local family and local geologist. The property contains several previously-mined, underground hard-rock vein systems, such as the Mountain Cliff, Strawberry-Keystone, Amy, and Atlantic-Pacific (A-P) mines. Historically, the Pony Mountain Gold property has been productive, and we believe it has potential for new productivity.
In the event that we acquire Magna’s rights to the Pony Mountain Gold property, we will assume Magna’s rights and duties under a Memorandum of Understanding between Magna and the various owners of the property (the “MOU”). As the assignee of Magna’s rights under the MOU, we would be entitled to exclusive proprietary marketing rights for the property in exchange for total payments of $3,000,000 to be made in quarterly installments of $250,000 each. The deadline for the first installment payment to the owners, as currently extended, is December 5, 2012. All net revenues received from third-party processors of material mined from the property will be paid to the owners of the property and applied to the total purchase price until paid in full. The owners will retain a perpetual 2% net smelter royalty. Closing of the transaction contemplated by the MOU will be documented under a definitive Mining Lease and Option Agreement.
Magna has engaged Moen Excavating, LLC to take and prepare samples from dumps located on the Pony Mountain Gold property, to coordinate laboratory testing of samples taken from the property, and to conduct negotiations with the Golden Sunlight-Barrick mill for the processing of material from the property. Magna has also agreed to engage Moen Excavating for all surface work on the property and for the future hauling of dump material from the property to the mill. In the event that we are assigned Magna’s rights to the property, we plan to continue the engagement with Moen Excavating as Magna’s assignee.
Section 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
Exhibit No.Description
99.1Letter Agreement with Magna Management Ltd.
99.2Memorandum of Understanding between Magna Management Ltd. and property owners
99.3Letter re: extension of initial payment deadline
99.4Memorandum of Understanding between Magna Management Ltd. and Moen Excavating, LLC
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Laredo Resources Corp.
/s/ Robert Gardner
Robert Gardner
President, Chief Executive Officer
Date: November 5, 2012


Read more: http://www.faqs.org/sec-filings/121105/Laredo-Resources-Corp_8-K/#ixzz2DNKSvNep

Latest filings on this horrid OTC mutt reveal much ... like the fact it was Mr. Gardner's holding company Magna Management Ltd. that had the property locked up as early as 5/3/2012.

http://www.faqs.org/sec-filings/121105/Laredo-Resources-Corp_8-K/ex99_1.htm

Latest and greatest from Vancouver promoter Robert "Chuckles" Gardner is yet ANOTHER lawsuit. This time our hard done by, long suffering anti-hero is complaining about some phone conversations, among other things.



"A spat between two Howe Street promoters has become very public with the filing of a lawsuit in the Supreme Court of British Columbia this week. The suit, launched by Robert Gardner, accuses Viridis Energy Inc. chairman John Campbell of making threats, committing fraud and breaching trust, among other things. It also includes quotes from a phone call in which Mr. Campbell allegedly said to Mr. Gardner, "I'm going to fuckin' tear you apart ten times over."

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:VRD-2017310&symbol=VRD&news_region=C

Utterly ridiculous is the propensity of this career promoter to run, (not walk) to the high court with every imagined panty twist. The goal is outrageous and obvious ... slag your oponents in the court of public opinion while launching frivoulous and vexatious litigation that is very clearly an abuse of process.

It absolutely, positively amazes that the Law Society allows this offense to continue, year after year, dopey, hopeless lawsuit after lawsuit. Sickening.



We are going down to the courthouse soon to determine, if possible, exactly HOW MANY TIMES that dirty moniker appears. The answer might surprise us.

UPDATE : Chuckles lost fully and completely (plus costs) on an application for security for costs to be posted by Viridis Energy Inc., so what does boyo do ... files another lawsuit a few months later. Un fukkin real is what this utter ongoing horsechit is, and citizens, taxpayers carry the highest burden for it.

http://www.bcjustice.com/index.php?option=com_content&view=article&id=9214:gardner-v-viridis-energy-inc-gardner-commenced-an-action-in-debt-against-viridis-claiming-that-the-defendant-owed-him-5808919-for-unpaid-remuneration-and-expenses-robert-gardner-wants-virdis-to-post-security-for-costs&catid=413:employment-08&Itemid=1165


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Wednesday, November 21, 2012

Graham Harris propaganda for sheeple



Despite a track record in the Venture marketplace that speaks massive volumes all on it's sickening own, Mr. Graham "Punchy" Harris has seen the need to engage public types with a personal website extolling his many virtues.

Tis appearing our hero is flogging real estate these days.

http://grahamharrisvancouver.com/index.php/graham-harris-vancouver-bio

Completely useless hot air aside we have a current line-up of Mr. Harris's giant and ongoing "successes" and, well, case closed.

"Currently sits on the board of ERA Carbon Offsets, Redhill Resources Corp, Cap-Ex Ventures Ltd., and High North Capital Corp."

Red Hill (as ATW Gold) was looted completely and fully stupid and is now $ .04 bid. Cap-Ex Ventures was looted completely and fully stupid and is at 52 week lows. High North hasn't been unleashed on the public yet (to be looted stupid) and the last stinks in principal with this caliber of "management".(and is probably being looted)

Naturally Mr. Harris's website doesn't work worth a damn, which reflects Mr. Harris abilities perfectly in this opinion.


Tuesday, September 25, 2012

Don and Leslie Rutledge, Robert Gardner = Redux


Welcome citizens. We make room for yet another charter resident crew of Vancouver paper pitchers and wowsers. Will it ever end? Probably not.

So what's our claim to Infamey for the terrible threesome before we get really rolling here?
Promoter uses others' money to live large
"In any event, it does not appear that Leslie Rutledge was directing Palisades' affairs. That role appears to have been handled by her husband, Don Rutledge, even though his name doesn't appear on disclosure documents. For a knowledgeable investor--which Naidoo wasn't-- this would have been cause for alarm.

In 1997, Don Rutledge and his firm, Fleming Financial Inc., got into trouble with Vancouver Stock Exchange officials over their promotion and administration of VSE-listed T.K.O. Resources Inc. and were ordered off the exchange. Alberta Stock Exchange officials similarly turfed them for alleged irregularities in their promotion of ASE-listed Fairmile Acquisitions Inc.

In September 2000, the U.S. Securities and Exchange Commission filed a formal complaint in U.S. District Court in Colorado alleging that Rutledge and an associate, Gregory Skufca, used brokerage accounts in Vancouver and the U.S. to manipulate the share price of Snelling Travel Inc. from 20 cents to more than$6 on the OTC Bulletin Board in the United States. In November 2004, after a 10-day trial, a jury acquitted them of all charges.

Undeterred, Rutledge continued to deal with some of the market's worst actors, including Thai fugitive Rakesh Saxena, who promoted essentially worthless U.S. over-the-counter stocks while under house arrest in Richmond, and former Toronto stockbroker Stephen Taub, who is being pursued by brokerage regulators for failing to screen out clients who would impugn the integrity of the capital markets.

By all appearances, though, it was a lucrative business. Rutledge lived in a $2-million house in West Vancouver, drove expensive cars (including a Porsche), travelled extensively, and consorted with celebrities. As recently as 2008, he and his wife were listed as members of the Hollyburn Country Club.

But it was all a facade. Don Rutledge has been swimming in debt since at least March 2003, when he was petitioned into bankruptcy by Canada Revenue Agency. His declared liabilities totalled $4.4 million, including $2.6 million owed to CRA, against only $1,680 in assets.


http://www.canada.com/vancouversun/news/business/story.html?id=9216f06f-aa21-434f-aba0-d58abd40ae9d&k=87959


"By way of background, the affidavits and pleadings filed state that Mr. Gardner was, until February 8, 2011, Chairman of the Board of Directors of Viridis, which is a public company selling wood pellets. Mr. Gardner resigned as a director of Viridis on April 7, 2011. This action was commenced on August 15, 2011 by Mr. Gardner who sued Viridis in debt for allegedly outstanding expenses and remuneration. Viridis responded with a counterclaim alleging that Mr. Gardner breached fiduciary duties to Viridis." http://bcjustice.com/index.php?option=com_content&view=article&id=6271:gardner-v-viridis-energy-inc-public-company-selling-wood-pellets-seeks-declaration-that-john-douglas-shields-barrister-and-solicitor-and-the-law-firm-shields-harney-are-in-a-disqualifying-conflict-of-interest-in-the-present-action&catid=589:general-commercial-2012&Itemid=1581

Friday, September 21, 2012

John Gregory Paterson - Southwestern Resources

Naturally this space must recognize the "accomplishments" of Mr. John Gregory Paterson, former QP and chief dipchit of the horrid scam known as Southwestern Resources.

http://resourceclips.com/2012/09/18/geologist-faces-jail/

"The former head of gold exploration company Southwestern Resources faces a possible 10-year prison term, the Vancouver Sun reports. John Gregory Paterson, who was the company’s president, CEO and largest shareholder, pleaded guilty to four counts of fraud involving false assay results from the Boka Gold Project in China. A sentencing hearing is underway in Vancouver."

"Paterson scammed shareholders from May 2003 to February 2007, when he issued 25 press releases reporting 446 assay results—of which 433 were fictional. Paterson was the qualified person who signed off on the phoney numbers."

_____________________________________________


"Former Vancouver geologist and mining executive John Gregory Paterson, who created and distributed hundreds of bogus assay results to boost the share price of Toronto Stock Exchange-listed Southwestern Resources Corp., has pleaded guilty to four of nine counts of fraud.

Paterson, 62, entered the guilty plea through defence lawyer Rod Anderson on Monday morning, just before an 83 day trial was scheduled to begin in Vancouver Provincial Court.

http://www.vancouversun.com/business/Former+Vancouver+geologist+pleads+guilty+massive+assay+fraud/7257815/story.html
While not looking too good for Mr. Paterson now, things stand to get considerably worse if the prosecutor gets the 10 year custodial sentence he is after.

While sounding excessive for a white collar crime, one could argue that manner of kid glove treatment for securities reprobates over many years is exactly the type of environment that enboldens men like Mr. Paterson. Sooner or later an example needs to made to deter others. It is this opinion that that time has arrived.

Friday, February 24, 2012

Graham "Sucker Punch" Harris - Old School Drama

Reports have come in of an altercation at the California Resource Investment Conference mining show in Indian Wells, with respected Mercenary Geologist Mickey Fulp taking a sucker punch during the proceedings.

And the alleged assailant? None other than Mr. Graham Harris.
Mr. Harris has "accomplished" several things. First he has demonstrated to his peers a grotesque lack of self control. Impulse and anger control issues of management should not be the concern of public shareholders. They are now.

Assuming Mr. Harris is charged with an offense he is automatically excluded from the United States on "moral terpetude" grounds, and it matters absolutely not if he is actually found guilty in a court of law.

Finally Mr. Harris has shown contempt to the point of challenging his many, MANY critics with physical violence. This observer believes there are many that would take the man up on that offer.
UPDATE February 24

The Northern Miner has picked up the story.

"The California Investment Conference put on by the Cambridge
House folks in Palm Springs had a moment of old-school drama, with
Redhill Resources chairman Graham Harris punching the Mercenary
Geologist newsletter writer Mickey Fulp in the face during the
conference’s morning session.

As Fulp bled heavily from a cut on his nose, Harris returned to
his Redhill booth before being taken away by police, though no
charges were reportedly filed at Fulp’s request. Fulp was later
photographed with a large bandage on his nose and an even bigger
smile on his face.

The dispute apparently stemmed from unsubstantiated
accusations by Harris that Fulp had been anonymously trashing
him online. The Redhill booth went unmanned for the rest of the
show."
Artist rendition ONLY


____________________________________

UPDATE February 19

Further to this matter a poster on the Jeff Berwick, the Dollar Vigilante blog( http://www.dollarvigilante.com/blog/ ) posted the following ...

"I actually witnessed and broke up the first attack on Mickey on Saturday of the show. It was pretty crazy to see...especially considering the venue. The guy who carried out the attack claimed Mickey had said some negative things about his company on a blog...which Mickey said never occurred. In any event, it was an entertaining weekend...to say the least."
_________________________________________



UPDATE February 17

Despite many eager ears we have little more than speculation and innuendo to pass along. Apparently Mr. Harris attempted to run back to the Redhill Resources booth, after the sucker punch in front of many witnesses.

The sole response from Cambridge House, who is no doubt eager to bury this entire matter, is that a "disgruntled promoter" was involved.

Are we getting tired (yet) of taking the moral high road? Hell bloody no Citizens. Plenty of first stones left here to toss at Mr. Graham Harris for his lapse of reason. Has the man actually admitted to doing anything wrong OR apologized for making a public spectacle of himself to the man he attacked ... even as that man has elected NOT to persue criminal charges? Many might not have let this criminal act pass like Mr. Fulp.

Just another day at the office Mr. Graham Harris? Tsk Tsk indeed. Shameful.


Has Mr. Harris seen fit to resign from Cap-Ex Ventures and/or how long is this open flowing wound to Cap-Ex Ventures public shareholders going to continue? Thats' a leadership test and the main man needs to find the cajones to act pronto.