Global Education Communities Corp T.GEC

CIBT Investor Webinar - Dec 6th at 1 PM EST

[ThesisCapital]

CIBT Education Group Inc. (TSX: MBA | OTCQX: MBAIF) will be hosting an exclusive investor webinar on Tuesday, December 6, 2022 at 1 PM EST to discuss the company's FYE 2022 financial and operational highlights, and growth outlook.

 

Click the link below to register.

https://bit.ly/3FhVsA1

 

Investment Highlights:

 

• FYE 2022 Financial Highlights: Total revenue of C$73.24 million and adjusted EBITDA of C$18.65 million

• High Demand for Rental Properties: Rental crisis in Vancouver (~1.2% for purpose built rental & ~0.8% for condominium apartments)

• Education Business: 34 locations with approximately 10,000 students

• C$1.5 billion GEC® Real Estate Portfolio: 7 rental facilities in Metro Vancouver and has 8 additional buildings under development

• REIT Listing: Plans to spin off its real estate subsidiary as a separately listed entity on a recognized North American stock exchange

[Staghorn69]

Oh wow!!!!  They are spinning of the real estate side onto a stock exchange!!!,  that's incredible news!!!! Hahahahhahahaa OMG how many years are you going to float that one.....  OMFG.  Hey is the roller rink development going yet???  Better put out a news release again about that!!!!   DO SOMETHING REAL FOR SHAREHOLDERS

[Staghorn69]

On the webinar did anyone point out how the company doesn't do any buybacks that would pop the stock over the 50DMA??  Must be a strategy....  how's the real estate spinoff???  Come on seriously do something. 

[Staghorn69]

Must have been a great webinar...  great job Toby.  Multi year low.  Zero momentum and zero for shareholders.  Hope you can sleep at night.