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."

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Comment by BlueHorseshoe13on Feb 02, 2016 3:47pm

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RE:RE:RE:RE:RE:RE:interesting board.

It's amazing, but that does seem to the be the answer. Somehow they pulled part of a $9M receivable out of a hat. If that's right this thing is on a rocket ship. If they can exit forebearance without the pref B offering it becomes a deep space mission with no return.

Getting through the first week of the second month of the year without a MAC event being triggered is a vote for the receivables hat trick.

I would guess that absent any news this runs up to 5 cents before year end financials are released. That is of course total speculation on the idea that the longer they stay afloat, the more likely it is that they are funding operations by converting receivables, which is very, very good.

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