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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 Mar 09, 2016 2:42am
143 Views
Post# 24637489

RE:ALL HOPE ABANDON YEE WHO ENTER HERE

RE:ALL HOPE ABANDON YEE WHO ENTER HEREbanx, you are trying to mislead people for selfish reasons. This is an increasingly competitive market. Margins are continually falling. KGIC has the worst reputation, not just in Canada, but worldwide. Reputation is important. Employees are being laid off. They are closing down schools, sometimes not in an orderly fashion. They are paying unprofitable commission rates just to tread water from a cash flow point of view. Their accounts receivable are months behind and important suppliers are cutting them off. No recent financial statements. There has been no news from head office for weeks. 

Give it up. This project was doomed years ago, thanks to Ryu. Anyone who invests in this disaster deserves what's coming.
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