KGIC Inc LGLTF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Q4 & Annual Financial Results

[guildwood1]

Lol bankruptcy? Clearly you are the one who knows very little in regards to financial governance. Banks do not extend additional $3 million to a company on its way to bankruptcy. BMO was granted above and beyond disclosure on operations before the additonal facility was extended and theyre are not in the business of funding bankruptcys.  Clearly we have a disgruntled basher here. Restructuring and streamlining is exaclty what is required of a company that was so poorly operated and over extended. Typically the high valued resources are not let go first. Since youre attempting t throw out hard truths id imagine all that have been let go were expendable in the best intrests of the company moving forward and moving forward is exactly what KGIC is clearly doing.  It takes time to right such a large ship.

rinchengyatso wrote: Schoolboy, banx is a shill for a trading company. He knows very little about this business, but he spouts off a few technical terms, berates posters who know more than he does (still waiting for the brilliance of the genius Big Mac, whose brilliant move to save the company is to sell it!) and then switches over to his alter pseudonym; a typical shill setup.
There are very few receivables that KGIC has on its books right now. Student fees are paid up front in every single case. There are no loans or tuition grants from this stable of schools. It may be that Kim Okran or Uhak had some outstanding money that was owed to KGIC, but that is likely in Korea and will never be seen here again.
It would be great if KGIC was saved and my friends there were able to keep there jobs. However, more than half of the teaching staff in Vancover has been laid off and student enrollment is lower than ever. If I could get a link to the statements that show this huge influx of cash that is just waiting to be received, that would be awesome banx...as I would truly love to know that this situation, resigning auditors, revolvingdoor Executives, and the silent treatment, typically a sign that bankruptcy negotiations are underway, is not a typical case.
I wait for the ad hominem Trump attacks, a sure sign that logic has left the building.