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KGIC Inc LGLTF

"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

Post by Papagalloon Jun 16, 2015 7:09pm
240 Views
Post# 23837568

Only chance of survival

Only chance of survival Requires the recent equity participants to be on board. If new management cannot pull that off, LOY is done. No cash, no monetizable assets, in default of debt covenants, former CEO loan at usury rates, pending class actions. It's not exactly the pretty picture sold to investors as a once in generation opportunity.
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