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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

Post by kim2015on May 11, 2015 6:32pm
337 Views
Post# 23716982

Insider Selling When Financial Statement is Delayed?

Insider Selling When Financial Statement is Delayed?
https://www.tmxmoney.com/TMX/HttpController?GetPage=InsiderTradeMarker&Market=V&Language=en
May 8th Sold 207,000 = $93,207.50
May 7th Sold 114,000 = $57,000.00

Isn't this illegal with insider knowledge?

I heard that the stock exchange can cease trade the company's stock if the company is unable to file its annual report after certain number of days. Some said 2 weeks, some said never, and public companies can file their annual report at its leisure without consequences.
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