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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