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KGIC Inc LGLTF

Consumer Defensive Education & Training Services
"KGIC Inc is an educational organization based in Canada. The company owns and operates private English as a second language school, career colleges and community colleges in Toronto, Vancouver, and Victoria."


GREY:LGLTF - Post by User

KGIC Inc > Some follow-up is needed from Andrew ASAP
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Comment by StompinTomon Feb 19, 2015 1:29pm
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Post# 23444355

RE:RE:Some follow-up is needed from Andrew ASAP

RE:RE:Some follow-up is needed from Andrew ASAP
I think the CEO should have better things to do than addressing the daily market vagaries of its share price.  Since it obtained its $18.5m in financing, it spent $5.3m cash on one of the SK schools and $3.9m on the other.  This leaves it with about $9m in dry powder, assuming it is only cashflow break even on its operations (which in recent history it is not).  Combine it with the PP, you have some $15m+ available.  I think Yun is on to something. 
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