KGIC Inc LGLTF

BMO

[Muddywater2013]

I wrote off my investment a year ago, and BMO sold their $12 million bad loan for a meager $3 million after 1.5 year of trying.   They wrote off $9M big ones.  BMO is no dummy.  For them to take such a drastic loss, they must have given up all hopes to salvage more or tried hard to find a buyer.

Management had a very long time to fix things and obviously didnt work. Why blame the new buyer , Alex or other posters.  They did not cause the chaos.  Fomer management of Loyalist Group did!!!   BMO moved on, I moved on, and life goes on.  Andrew Ryu probably moved on as well.

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[jimbrofski]

Yes he is busy. Busy running a company into the ground or busy NOT doing his due diligence. He would fit in great on this board with all the ignorance of the industry.

[60606060]

A quote I thought I would share that seems relevent here. "It's immoral but this is how you do this. Buy a company and borrow as much as possible on the assets of that company and if you know the banker, borrow a ton more.Then pocket the money and let the company go into bankruptcy (Try to take the pension money also). This is how you steal legally like Mitt Romney and what my father