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KGIC Inc LGLTF

"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

Comment by schoolboyon Jul 09, 2015 1:33am
143 Views
Post# 23906036

RE:RE:BMO not Onerous

RE:RE:BMO not OnerousThat pretty much sums it up. We can hope for a positive press release or some such abstract hope of optimism but the fact is that Ryu took the money and mismanaged the company at the same time. 

At this point, the deferred revenue alone is enough to sink the ship. Then, there is the BMO loan, declining sales, etc.
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