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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 > Good News Bad News
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Comment by Muddywater2013on Nov 19, 2014 9:50pm
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Post# 23146288

RE:RE:RE:RE:RE:Good News Bad News

RE:RE:RE:RE:RE:Good News Bad NewsYou are correct. Q-4 is the write off season. Q1 to Q3 are fund raising season with unaudited numbers so the numbers can be record earning. Q4 must be reviewed by auditor and write offs need to take place so the numbers become record losses. Many junior companies do this kiting cycle without getting caught. With new money already into the company investors are hooked. Those invested the last $10M financing in Feb at $0.70 would understand the process very well by now. An acquisition needs to take place by Q4 otherwise there is no place to hide the short fall. Investor can not do much about money they had invested. Borrowed money is a different story. Banks can be ruthless. If they see the pattern last year repeated again this year, they will see the scheme right away and pull the plug in a matter of hours.
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