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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KGIC Inc > Dumping

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Comment by guildwood1on Jan 20, 2017 2:29pm

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Post# 25734887

RE:RE:RE:RE:RE:RE:RE:Dumping

This is a buy at these levels with what's on the horizon.

InternalAudit68 wrote:

birch1 wrote: I'd be careful here. You can't keep throwing money at an organization that is not turning a profit. At some point you just have to cut your loss.

Good point. I haven't been buying to cost average down since the future of the company is still a big unknown.

But I'm definitely not selling my shares at this half to 1 cent because I have a gut feeling that an agreement with the debenture and preferred share holders will happen, if only because they too have everything to lose after having been enticed with those high interest and dividend payouts.

The game theory suggests LRN will come out alive but in the worst case, the debenture and preferred share holders might go irrationale and just let LRN go belly up. This is why I think the conversion to common share will not be at 2 cents but maybe between 1 and 1.5 cents.