KGIC Inc LGLTF

News and financials out!

[guildwood1]

Here we go! Patience has paid off. Hopefully Q1 2016 follows up shortly for the cherry.

[guildwood1]

Improved balance sheet, significant cost cutting measure starting to show with even more evidence expected in Q1, forbearance converted to 4 year loan with BMO, cashed up with the $6.5 million pretty much wrapped up and even $420k from a member of senior management, new director that also specializes in fraud detection. This ship is very much alive and soon even profitable. Hold on tight. This is

[InternalAudit68]

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[InternalAudit68]

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[banx]

Internal, considering the legacy here, investors are from Missouri. The Deb has to close. Considering the sweetness of the deal, it appears to be strictly legal admin now. While the added dilution with a full warrant @ 5 cents seems onerous, it will provide for $16 million plus in new money when exercised. The Q1 numbers assuming they indicate north will be the best indicator for the "show me

[InternalAudit68]

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[Clinteroo]

I deal with Scotia and it says the same thing. Although the TSX website shows 380,000 volume. But the bid is at .025 and the ask is at .02..... So who knows.....

[InternalAudit68]

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[banx]

Clint, this is real time: V:LRN - KGIC INC - https://kgic.ca 10:13:54 EDT - Update in 50 seconds Pause Sym-X Bid - Ask Last Chg %Ch Vol $Vol #Tr Open-Hi-Lo Year Hi-Lo

[banx]

Lots of info to absorb. But all positive. The conv Deb was amended to allow for a full warrant with a 5 cent strike as opposed to a half warrant---a great deal for those buying in. The Forbearance will end once the $$ comes in and the debt will be converted into a term loan. Also announced is a new board member with serious number crunching cred. Q1 numbers should be interesting.

[blhawk]

Yes Banx all positive, since .60 you been positive, how about this? The Company also received a total of $425,000 from a member of senior management of the Company in the form of a promissory note. The note bears 24% interest annually.  Yes 24% and you guys are paying for this, where i come from, they call it loan sharking, and this is a part of the senior management, hmmm.

[Yun321]

These are negative news, less negative news compare to the news drove it to $0.005. These are not positive news, be careful. Less negative news does not mean positive news.