Laredo Oil, Inc 8-K, filed Nov 29, 2022
Laredo Oil, Inc. (LRDC)
About this 8-K
Laredo Oil, Inc filed this 8-K on November 29, 2022, reporting on events of November 21, 2022.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 4.01. Changes to Registrant’s Certifying Accountant.
On November 21, 2022, Weaver and Tidwell, L.L.P. (“Weaver and Tidwell”) notified the Board of Directors of Laredo Oil, Inc. (the “Company”) of its resignation as the Company’s independent registered public accounting firm as of that date.
The resignation of Weaver and Tidwell was accepted by the Company’s audit committee on November 29, 2022.
Weaver and Tidwell reported on the Company’s financial statements for each of the fiscal years ended May 31, 2021 through May 31, 2022. These reports did not contain any adverse opinion or disclaimer of opinion, and were not they qualified or modified as to uncertainty, audit scope, or accounting principles, except for the explanatory paragraph included in the reports of Weaver and Tidwell on the Company’s consolidated financial statements as of and for the years ended November 21, 2021 and 2022, which noted that there was substantial doubt as to the Company’s ability to continue as a going concern. Since their retention as the Company’s independent accountants through November 21, 2022, there were no disagreements (as defined in Item 304 of Regulation S-K) with Weaver and Tidwell on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Weaver and Tidwell, would have caused it to make reference in connection with any opinion to the subject matter of the disagreement. Further, during the period of Weaver and Tidwell’s retention, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).
The Company provided Weaver and Tidwell with a copy of the foregoing disclosures prior to filing this Current Report on Form 8-K. A letter from Weaver and Tidwell addressed to the Securities and Exchange Commission stating that Weaver and Tidwell agrees with such disclosures is included as Exhibit 16.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit
| Exhibit 16.1 | Letter, dated November 29, 2022, from Weaver and Tidwell to the Securities and Exchange Commission. |
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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 OIL, INC. | |||
| Date: November 29, 2022 | By: | /s/ Bradley E. Sparks | |
| Bradley E. Sparks | |||
| Chief Financial Officer and Treasurer | |||
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EXHIBIT INDEX
| Exhibit No. | Description |
| Exhibit 16.1 | Letter, dated November 29, 2022, from Weaver and Tidwell to the Securities and Exchange Commission. |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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Exhibit 16.1
November 29, 2022
Securities and Exchange Commission
100F Street, N.E.
Washington, DC 20549
Commissioners:
We have read the statements made by Laredo Oil, Inc. included in Item 4.01 of its FORM 8-K dated November 21, 2022. We agree with the statements concerning our Firm contained therein.
Respectfully,
/S/ WEAVER AND TIDWELL, L.L.P.