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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 > Why Warrants at $.05 for three years?
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Post by 60606060 on Jan 13, 2016 9:58am

Why Warrants at $.05 for three years?

If this company is projected to be quickly moving forward, shouldn't the Warrants expire in say Dec. 2016 or be priced at $.12 for 3 years?
Comment by banx on Jan 13, 2016 10:15am
Theres an acceleration clause
Comment by rinchengyatso on Jan 13, 2016 10:17am
That would be a reasonable assumption, but this is not a 'usual' play. With very little information, we don't even know where the company stands since announcing December 31st was the dry-up day for money. I think they know that most people trading this stock have no clue what the dealer is holding, and they are hoping to see a fake run up so they can make some personal cash. I am sure ...more  
Comment by InternalAudit68 on Jan 13, 2016 11:13am
This post has been removed in accordance with Community Policy
KGIC Inc
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