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KGIC Inc LGLTF

Consumer Defensive Education & Training Services
"KGIC Inc is an educational organization based in Canada. The company owns and operates private English as a second language school, career colleges and community colleges in Toronto, Vancouver, and Victoria."


GREY:LGLTF - Post by User

KGIC Inc
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Comment by Muddywater2013on Nov 22, 2013 6:10pm
177 Views
Post# 21933661

RE:LOY CEO declines Stock Options - good news!

RE:LOY CEO declines Stock Options - good news!You are not serious....??

Declining 1M shares of Option priced at $0.50 a share, then re-grant new options at later day or at lower price so that he can gain a higher return is Good News? 

What about the rest of the 3.885M shares of Options that was priced at $0.50 on Oct 24th?  If I am the guy who received Option shares at $0.50, I would be the white knight to decline it too. 

New grant today will be much lower, like $0.43 share, another 16% lower.  If the stock price falls down to $0.01,  I would gladly decline it again as a gentlman, but I do expect new grant at $0.01 !!  Nobody works for free.

Smart move., bad for shareholders though.  Another 3.855 million shares overhang.  This stock will never see daylight plaqued by this kind malpractice.

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