KGIC Inc LGLTF

RE:RE:RE:Something very wrong

[mydogchach]

In my previous positon, i was involved with ye audits for an organzation over 5 years, beginning with annual revenue of $45m, ending with $60m. We completed our ye entries toward the end of the year, early January - with the  auditors arriving in mid-January.
The financials, by provincial law, had to be completed for the annual agm held by the end of March - 3 months. I think anyone involved in this field would agree this would be sort of standard process - which would carry on I think regardless of the Controllers health, by hiring the external audtors if no-one else.
So - draft financials were completed by early to mid March with lots of time for the Board to review and discuss - and amend if necessary - prior to the agm.

Youre right - something is just wrong here, although not necessarily anything untoward - it could just be plain incompetence. Regardless - not sure why anyone would invest money here just now, even taking FT at face value - whatever that means.

Also - check out CHC Student Housing, 1st qtr financials were out May 29 - their stock rose $ 1.90 today to $9.80. If nothing else, student housing does seems like an attractive sector - sorry, couldnt help myself. 
just my opinion - good luck everybody