KGIC Inc LGLTF

Just a pure money burner

[Smartinvestor96]

This company has burned through $3 million DIP from BMO since Alex MacGregor took over in December 2015.  While the company can’t seemed to pay vendors and landlords, they are able to pay for personal driver for Geoffrey Smith, the chair of the board and pay $50k to $80k per month to a marketing company which has family connections to Alex MacGregor. The number of student population has dropped by 50% compared to previous years, AND all the schools are full of empty classrooms. The company’s APs and debts are rising since there is no more support from BMO AND now they are looking for ignorant investors to take on the old debts.  Anyone who has done a quick background check knows that they can’t pay their bills and homestays and major agencies from Brazil, Japan, Mexico, Korea, China, Taiwan has turn their backs again this company.   Whatever happened to the proposed non-brokered private placement financing of convertible secured subordinated debentures for $5 million? What a joke, even if anyone was dumb enough to invest money into this company, the headquarters will be burn through $5 million in 3 to 5 months just like $3 million DIP from BMO AND they will be back to square one, looking for new fresh ignorant investors.  

[60606060]

Please tell us where you get your posted information. If you are correct, then we will look for more posts. Sedar has nothing new. Smartinvester 96 Member Since: April 13, 2016 Rating Quality   Performance   Participation   Reputation   Learn more about rating

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[k2011lee]

I also heard from a friend of mine works at KGIC inc, Geoffrey does have a driver that is paid by the company. Is Geoffrey Smith going to invest in this company? if so how much?

[thousandisland0]

I have been reading and following this bullboard for quite some time, and it is quite upsetting to reading some of these comments.     I have been a teacher for past 14 years in one of the institutions under KGIC/Loyalist and I have never seen my school in such state.  One of our directors in Toronto has already resigned.     I can confirm that a marketing company in

[60606060]

Thousandisland. Were you employed before 2011?

[guildwood1]

Hiliarious that two new alias made two days ago just showed up and start bashing the company on pure bull.  Probably two disgruntled ex employees that helped bring this currupt train to where it is now and now theyve been cut out theyre reaching for straws.  They way I see it these two bashers clearly have nothing to do since being pushed to the outside but make up negtive pr.  Im