KGIC Inc LGLTF

Q4 & Annual Financial Results

[newguynextdoor]

Any idea on when we should be expecting the results or how the audit is going ?

[60606060]

Latest date by law is April 30.

[InternalAudit68]

This post has been removed in accordance with Community Policy

[InternalAudit68]

This post has been removed in accordance with Community Policy

[jimbrofski]

up up and away

[banx]

Jim, I like the way you have turned positive. The best thing is to let this ride and see how it plays out. Nothing in the small cap sector is looking good these save for a few plays. This stock is already in an abyss waiting for a ride up.

[jimbrofski]

Banx is da OG with da inside dope.

[banx]

da OG...OMG. Jim, that's great!! Thanks I think. I'm a buyer...I'm a believer. I may be right, I may be wrong, but I'm long and strong sincerely not hoping for a fat lady's song. Good luck.

[60606060]

Can we find out why Barrows resigned? If he's finished year end 2015 as it says, shouldn't we have the report now. WHY did KGIC add this notice,Notice: “In the opinion of the Corporation, there are no reportable events, as defined in National Instrument 51-102 – Continuous Disclosure Obligations, during the period the Former Auditor was the auditor for the Corporation”.

[BlueHorseshoe13]

I *believe* those statements are required by law, not discretionary.   Collins Barrow being replaced by MNP is odd, but could be tied to their compensation.  If CB was stiffed on a bill it may be that MNP was willing to take this on spec, particularly if management has a relationship there.  It could also be a tactic to justify delaying the release of their Q4 filings to April

[schoolboy]

It's likely both. I know for a fact that they aren't paying their bills. Last year, it was an ill CFO who later exited. I don't see how their 2015 Q4s won't be worse than 2014. Anyway, it's not typical behavior for a healthy company. 

[BlueHorseshoe13]

lol, no it's not 'typical' but neither is a two cent share price against $40M+ in annualized revenues.   How could 2015 Q4 be better than 2014?  Cost cutting, restructuring, etc.  The whole 'optimization plan'... The current share price reflects a fairly 'negative' outlook already.  Lots of room for improvement.  It's a question of time and

[banx]

Schoolboy, i see your being daft again. The new regime came into a broke company 2 months ago. I may not believe in miracles but i do believe in competent corprate execution. The Q4 should show a ton of receivables and evidence of cost cutting. When this company is actually healthy, we'll be north of 20 cents. Load up school recruitment guy and take a shot. You always lose when you dont play.

[schoolboy]

Why a ton of receivables?

[banx]

Wow! What a dumb question. You clearly don't understand the biz model yet you pontificate like a stuttering parrot. Stick to your niche.

[rinchengyatso]

Schoolboy, banx is a shill for a trading company. He knows very little about this business, but he spouts off a few technical terms, berates posters who know more than he does (still waiting for the brilliance of the genius Big Mac, whose brilliant move to save the company is to sell it!) and then switches over to his alter pseudonym; a typical shill setup. There are very few receivables that KGIC

[Zelda18]

Thanks rinchengyatso for the insight into banx. Do you think anyone would actually buy this company? In whole or in parts?

[guildwood1]

Lol bankruptcy? Clearly you are the one who knows very little in regards to financial governance. Banks do not extend additional $3 million to a company on its way to bankruptcy. BMO was granted above and beyond disclosure on operations before the additonal facility was extended and theyre are not in the business of funding bankruptcys.  Clearly we have a disgruntled basher here

[Zelda18]

The "high valued resources", the ones before Shaun, that is, the incompetent and/or corrupt ones, are the ones who have basically ruined all the schools, while probably enriching themselves. The present "high valued resources" have close relationships, even daily contact with these past 'high valued resources", so how much can they be trusted? And the "expendables

[InternalAudit68]

This post has been removed in accordance with Community Policy

[rinchengyatso]

Where do you work InternalA? 

[schoolboy]

I understand that Uhak and Kim Okran have been enjoying a 70% commission rate. All agents know the situation and won't refer students without ridiculously high commission rates.  30% net is way below cost. Even if those agencies do pay their bills - which seems unlikely at this point - it's not a sustainable model. How good can your true accounts receivable be when you are giving away

[jimbrofski]

Yo Banx, you gonna get called out like this? Watch out Banx gonna come back spittin truth. Don't step to the playa without getting gamed!

[guildwood1]

LOL RBC sold 400 shares at 1.5c. Either a clear attempt to bring this down or they really needed that $6 for the weekend.

[60606060]

Sadar said Barrows completed 2015 year end audit.