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Xcyte Digital Corp. Announces Closing of Webinar.net Asset Purchase (click to learn more)
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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 > 7 million private placement
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Comment by britishcinnamonon Feb 18, 2015 12:03pm
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Post# 23439700

RE:RE:7 million private placement

RE:RE:7 million private placementI agree with you on this, makemoney4.

As proud as I am of LOY's achievements and Ryu's decisions in the past, this one is disappointing. The news release explains that the capital is for general capital purposes. However, we have lots of cash for this and lots more credit for this. Based on Q3 results, we still have the means to self-sustain.

Also, Paradigm, Cormark, Canaccord? Those are the guys selling shares down controlling the price for weeks. It looks more like Ryu was in on this to artificially drive the price down. Of course, it was driven up briefly for the purpose of acquisition a few weeks back.

This will make more than me unhappy, this is a rotten move against the common shareholder.
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