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Bullboard - Stock Discussion Forum 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."

GREY:LGLTF - Post Discussion

KGIC Inc > Class actions will drive bankruptcy
View:
Post by Papagallo on Jun 11, 2015 11:08am

Class actions will drive bankruptcy

There is zero value here...does anyone think that class actions and IIROC aren't coming? The equity raise was tantamount to a Ponzi scheme. Ryu blatantly lied about the purpose of the raise and the financial health of the company, telling investors that a generational opportunity as at hand. Lawsuits will be announced very soon.
Comment by traderguy5000 on Jun 11, 2015 11:35am
A class action lawsuit wouild definitely be bad for us longs. We need management to be working full time cleaning up this awful mess, not dealing with legal matters. In the US, the suit would have already been filed. In Canada, things move more slowly. This may be an unreasonable expectation, but hopefully we can get Q2 earnings prior to any lawsuit. Even though I'm very long, I cannot imagine ...more  
Comment by testfreak on Jun 11, 2015 11:39am
I was gonna Load up .12. Wow glad I never 
Comment by Zerosum on Jun 11, 2015 12:59pm
Too funny, now RYU can lend them funds again. Corporate kleptocracy. Fool me 5 times fab shame on you, six times shame on me.  
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