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."®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.

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
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


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

Laredo Resources Corp.
(Exact name of registrant as specified in its charter)
(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))
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.
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
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:

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.

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."

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.




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.

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.

Monday, November 19, 2012

Stan Bharti for Pope

There has been a powderpuff interview with grand poohbah Stan Bharti published and geez louise from the sounds of it he is the most misunderstood citizen since Kane.

Stakeholders of Dacha Strategic Metals Inc (DSM.v) are probably throwing a keggar and breathing a sigh of relief these days ...

"As part of the board reconstitution, Stan Bharti will no longer be serving as a director or officer of Dacha and G. Scott Moore will no longer be serving as Dacha's President and Chief Executive Officer"

Great news for fully dopey public types (and Otto Man's blood pressure) is the news that our hero Bharti Man is planning to reach out to far more of the little people through a "Private Equity Fund".

And really, who can blame Mr. Bharti for attempting to find a new revenue model that DOESN'T involve getting his arse severely kicked at AGMs every year from broke stakeholders.

"The Forbes & Manhattan President is anxious to set the record straight because the mining house is making plans for its first private equity fund, one that hopes to raise up to $1 billion to be deployed only in new deals."

Saturday, November 17, 2012

Openly violating a BCSC CTO ... Update

UPDATE : November 18
A TWICE over of the latest SEC filing from juggernaut Double Crown Resources (DDCC.o) has failed to reveal where the very critical disclosure is related to an active and outstanding CTO from the BCSC.
Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I hereby certify that, to the best of my knowledge, the Quarterly Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 and that the information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Date: November 13, 2012
/s/ Jerry Drew
Jerry Drew
Chief Executive Officer and Chief Financial Officer
Going back further, to Q1, there is still no apparent mention made of the somewhat material fact that the co has a live CTO outstanding. Also we finally learn that Denarii is and has always been incorporated in Ontario.
Date: May 25, 2012
/s/ David Figueiredo
David Figueiredo,
Chief Executive Officer, President

Well citizens, our inquiries into the activities of Vancouver promoters Mr. and Mrs. Donald Rutledge have revealed they are very openly and blatantly violating a Cease Trade Order issued against Double Crown Resources DDCC.o by the BCSC.

Base of operations for the securities crime are the offices of Vancouver promoter Robert Gardner, long time partner of Mr. Rutledge.

"On September 10, 2009, we received the CTO from the BCSC, which is limited to the Province of British Columbia, for not filing certain reports, including a technical report under Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), respecting certain disclosures. As a consequence of the CTO, we have engaged legal counsel in connection with this matter in order to determine the exact manner in which we will be able to satisfy the requirements of disclosure rules and regulations as required by the parameters as set forth for foreign issuers under BCSC rules and regulations, including Canadian National Instrument 71-102."

Company has an active and outstanding CTO from the BCSC.

What does this mean?

Three years ago the BCSC cease traded Denarii Resources Inc., the predecessor company, and in February of this year CTOed Double Crown Resources. The continued promotion and sale of these securities is illegal.

We should note Mr. Rutledge is an undischarged bankrupt, having been petitioned into bankruptcy by the CCRA. 

"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.

Since then, both the bankruptcy trustee, Deloitte & Touche, and CRA have opposed his discharge on grounds that he continued to maintain a high standard of living, failed to provide monthly income and expense reports, and tried to shield his assets and income from creditors and the trustee "either by structuring business transactions through his wife or by using offshore entities."

Thursday, November 1, 2012

Otto Man attacks Stan Bharti again ... Update

Our friends at the Financial Post are doing it again and its all about recently mentioned Dacha Strategic Metals Inc.

"Tye Burt has kept a low profile since being fired by Kinross Gold Corp. at the beginning of August. Likewise, Ian Delaney has been quiet since he retired from Sherritt International Corp. last December. Now both of them have surfaced in a heated proxy battle for control of a junior mining company.

Mr. Burt and Mr. Delaney are part of a dissident slate of directors nominated by investor Goodwood Inc., which is trying to overhaul the board of Dacha Strategic Metals Inc.

Dacha has a consulting contract with Forbes & Manhattan, a resource conglomerate run by entrepreneur Stan Bharti. Forbes receives base fees of $25,000 per month from Dacha and would receive significant payments if the contract was terminated following a change of control. Total compensation to Mr. Bharti this year amounts to $1.1-million, including payments to Forbes & Manhattan, according to the circular.

Mr. Bharti is currently executive chairman, but will not run again in the proxy contest. He is being replaced with Jim Rogers, an outspoken investor in the resource space.

"The IKN post at the beginning of October entitled " which IKN explains why you should never invest in a company run by Stan Bharti" made the point (I mean you want a clearer title than that?) and we're happy to say that it did have an effect on his self-serving scumball ways."

Our boyo Mark continues to beat this dead mule and yes indeed a body needs industrial sized excavation equipment to wade through the Bharti feifdom at all.

Bottom line is Mr. Bharti has proven where his stakeholders stand in the grand scheme of things, and should a public dope ignore it they deserve what they get.
TORONTO, ONTARIO--(Marketwire - June 21, 2012) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is issuing this press release at the request of TSX Venture Exchange (the "Exchange") to provide information regarding the convertible loan it issued to Forbes & Manhattan Asset Management Corporation ("FMAMCo"), a related party, for up to C$3,500,000 during the fiscal year ended March 31, 2010. The Company loaned FMAMCo $3,056,118 and accrued interest of $647,732 on the loan. To date the Company has written off $2,056,118 of the principal amount of the loan as well as the interest receivable of $647,732. Further write-offs on the principal may occur. On May 15, 2012, FMAMCo advised the Company that it had conditionally sold the underlying business and all its subsidiaries including Monarch Wealth Corporation for $1,950,000.
The first payment of $750,000 will be applied to the subordination agreement with non-arm's length party, Forbes & Manhattan, Inc. (see press release dated March 1, 2012) and other FMAMCo liabilities. Although not completed at this time, FMAMCo and Dacha intend to enter into a release and assignment agreement irrevocably directing the remaining installment payments from this sale to Dacha. As a result Dacha expects to receive $1.2 million less certain contingent FMAMCo liabilities as repayment for this loan. Stan Bharti is a director of both Dacha and FMAMCo and Executive Chairman of Forbes & Manhattan, Inc. therefore, transactions between Dacha, FMAMCo and Forbes & Manhattan, Inc. are considered to be non-arm's length.

The Exchange conducted an issue specific review on the Company and concluded that non-arm's length transactions commencing August 2009 failed to comply with Exchange Policies requiring timely press release disclosure and Exchange notification for non-arm's length party transactions. To address past deficiencies in the corporate governance practices applied and to ensure the Company appropriately deals with non-arm's length transactions according to TSX Venture Exchange Policy going forward, the Company has implemented a Code of Business Conduct and Ethics and a Corporate Disclosure Policy.

So be warned (again) citizens. Pffft. And Mark, geeze dude, tie off that running mouth every now and then. Your insults make you sound like a child. If anybody had the means and motive to sue yer loud buttock it would be the poohbah here.