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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 > Loyalist has no material changes
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Comment by britishcinnamonon Jun 05, 2015 10:09am
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Post# 23800350

RE:RE:RE:RE:RE:RE:Loyalist has no material changes

RE:RE:RE:RE:RE:RE:Loyalist has no material changesalister33, I know that you are keen on LOY. You know I have been around and reading lots of MD&As, assessing the health of the company even when shareprices rose to $0.79. I also know when there are problems. I am not a basher or a shorter; I am one of the most enthusiastic longs on this board.

Even to me, this late filing episode is a huge problem for the company. The mishandling of the situation is beyond horrendous. The only people responsible for destroying shareholder value here are the management team members. As a long term investor, I hold LOY's upper management entirely responsible for this issue.

I don't believe that there is any kind of fraud or serious trouble with the company. However, this leaves a deep scar in regards to shareholder trust in LOY.

Nevertheless, I am still enthused about the business model and business plan. I just don't like the team at the moment. 
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