KGIC Inc LGLTF

No default in sight

[britishcinnamon]

Heard back from McAdam, he is the hardest working one on the LOY payroll. It would take 2 months for a warning to be issued and an additional month before action is taking. In other words, 3 months from the deadline for a cease trade. He does not see anything of the sort to occur. So far, his word has been more reliable than Fabrice 's. I expect all statements out in June.

[60606060]

So, McAdam is saying that such a warning is not on the agenda and all will be cleared up shortly-in other words there isn't a need to worry. Is that right British?

[HippygirL74]

I don't ever recall a company telling their shareholders that they were given a warning that in one more month they would get a cease trade order. From my experience, it just happens one day and believe me, I have been in such a situation before. I believe someone else posted the rules of the venture exchange a short while back. Didn't it say, 60 days? I don't think it said, 60 days