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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 > Insider Transactions
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Comment by nnneilioon Jun 11, 2015 6:03pm
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Post# 23822173

RE:RE:RE:Insider Transactions

RE:RE:RE:Insider TransactionsAh I see what you are saying now, I thought you meant they had cash on hand when the CEO loaned them money. My bad. I have no idea why they would not have paid off the CEO loan, only thing I can think of is they are already in breach of the bank debt covenants and if that gets called they will have no cash, and how bad will it look if they pay off debts to a CEO before their other creditors. 
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