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Global Education Communities Corp T.GEC

Alternate Symbol(s):  GECSF

Consumer Defensive Education & Training Services
Global Education Communities Corp. is a Canada-based education and student housing investment company. The Company is focused on the domestic and global education market. The Company operates business and language colleges, student-centric rental apartments, recruitment centers and corporate offices at 41 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp., Sprott Shaw Language College, Vancouver International College Career Campus, and CIBT School of Business & Technology Corp. It offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. It owns Global Education City Holdings Inc., an investment holding, and development company focused on education-related real estate. It also owns Global Education Alliance Inc. and Irix Design Group Inc. It serviced over 14,277 domestic and international students.


TSX:GEC - Post by User

Global Education Communities Corp
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Post by FRIESLANDER02on Jul 27, 2017 6:12am
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Post# 26514993

DOG WHISTLE

DOG WHISTLE


President's Club: Loyalist - PREMIUM membership

 
 
In our last note on KGIC (the former Loyalist) we said that barring a last-minute respite the company was done. The company has since announced a new management team and largely new board, which hopes to find the money required to keep the lights on beyond the 31st of December.

We called the company but got no answer. We would note, however, that there are no guarantees that they will find the funds in 10 days. We also note that one of the “new” directors is a former Loyalist director who presided over the collapse of the company. Also, the new chairman has links to a company called Cozumo, which named Andrew Ryu as CEO recently. 

Investors who still own stock have two choices: Write it off in your mind and let it ride hoping that the new team prevails against huge odds, or sell it to salvage any value remaining and to take advantage of the volume (10 million shares have already traded.) It really depends on your view of what limited facts we have and the little time remaining before the company shuts down (barring a deal). 

Warmest regards,

Fabrice Taylor, CFA | Publisher

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