KGIC Inc LGLTF

RE:RE:Revenues will plunge

[Papagallo]

The most recent equity raise was a sham...money was intended as working capital to fund growth acquisitions not paper over poor judgement deficit spending. Company is in debt, no cash, breach of covenant. Students and their parents will not place deposits for enrolment with a company that faces bankruptcy and shareholder class actions. Lawyers will be salivating.