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."

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KGIC Inc > Negative Asset Value/ No cash flows

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Comment by 5i5yphu5on Jun 12, 2015 4:05pm

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Post# 23825933

RE:Negative Asset Value/ No cash flows

School is out, figuratively for the market and literally with these half baked posts on this board. Chapter 9 is imminent.

A bunch of young novices here are about to find out what it's like to permanently lose their allowance money.

weybac wrote: Remove Goodwill and intangibles and Loyalist has a negatve net asset value.

All $12 million of the cash inflow from deferred revenues were spent in Q1.

Going forward, they have very little real cash flow.
How will they pay their bills plus all of those severance costs ?

They cant.
There are liens on all of the hard assets.
If they cant pay their debt, those hard assets are gone, leaving nothing for shareholders.

Never catch a falling knife.

Next week,watch for a halt.....and the last of your money