KGIC Inc LGLTF

RE:Revenues will plunge

[JeffCourteau]

Where do you see or when have you heard them talking about bankruptcy? You don't go bankrupt instantly before giving the new management team a chance to fix things up. I mean, they absolutely have clients (excellent revenue), they have a plan for student housing, and news of this bad management won't spread that much in Asia. It's just like if we cared here about a minor Chinese manufacturer being badly managed and its stock plunging on a minor Chinese stock exchange... you think Chinese parents really care about the stock price of the school they send their kids to?

Clients will still come, courses will still be dispensed, and if there's something looming ahead, it's chances that the reputation will go up because of the new management team.

It's a hell of a correction today, but it's way overdone IMHO.

Papagallo wrote: News travels quickly...Asian parents will not enrolled their kids in an organization that is facing bankruptcy. Company MUST be sold, recapitalized, and rebranded...equity investors are screwed regardless.