KGIC Inc LGLTF

RE:Student housing....

[jumpth3shark]

I disagree, I believe that the student housing news was a MAJOR annoucement!

The reason why other schools haven't followed suit is because they simply don't have the financial means to do so. KGIC was one of about a half dozen independant operators with revenues in excess of $10 millon. Think back to your college or university days. You will probbably realize that most every campus has student housing. Not only does it add legitimacy to the school, and provide access for more students to attend class, but it is a major direct driver of revenue.

Going forward, by adding student housing to Loyalist's constantly expanding program selection, not only will it immediately add revenues with excellent margins, but it will add credibility to the brand and will be a essential driver of long-term growth. 

Don't forget that KGIC was only acquired in September, and while there was some student housing in place, we just learned a lot of significant new information. The company has leased properties in Toronto, Vancouver, Victoria, and Halifax capable of housing 104 students. The properties are 100% sold out for the first six months of 2014. I find that to be EXTREMELY interesting and compelling information. to bolster financial returns for LOY.

So Hawkeye2012, please don't try to sell us ACTUAL INVESTORS like we are idiots. You're clearly very negatively bias towards this company (your posting history is indicative of that). If you actual want to help fuel the discussion with us real investors, why don't you approach the board in a non-hostile manner. Let's work together here to try and help each other get answers.

In regards to WTC, I'm not sure why you think it's disappeared. It's apart of the 'Tuition Fees' sub-heading under the Revenue category on the Income Statement. It's fully operational and generates atleast $5 million annually for Loyalist. Not to mention, shortly after it was acquired management decreased rent costs by consolidating WTC with Universal College of Language Inc. Saving around $600,000 annually in rent. 

Hope that helps clear some things up for you.