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KGIC Inc LGLTF

"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

Comment by snootchybootchyon May 01, 2015 1:44am
201 Views
Post# 23683838

RE:Nothing has happened

RE:Nothing has happenedYou're right that nothing empirically has happened but this is pure amateur hour.  I have been a shareholder with an overweight position in this company for about two years now and this name has been a disppointment for the past 15-16 months.  I had a vague suspicion that this name would disappoint me in some way in the year-end financials but never imagined an announcement like this.  I'm not criticizing the CFO's health issues  -- the CFO needs to take care of himself first.  I'm criticizing the fact that Mr. Ryu was unable to work around these health issues during the past 120 days.  I'm also a shareholder in V.COQ and their CFO passed away 5 weeks ago and they were still able to report within the 120 day timeframe.  I just don't think this reporting delay is a legitimate excuse for a group of professionals.
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