KGIC Inc LGLTF

LOY's Problems - Explained by LOY

[schoolboy]

A shopping list of the skeletons in LOY's closet, articulated in the June 22 press release. Most of these are likely, if not certain or already real.
https://www.reuters.com/article/2015/06/22/idUSnCCN4HrF3p+1d4+MKW20150622

Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results including, but not limited to, risks relating to: the Company's ability to service its outstanding indebtedness and the impact of that indebtedness on the Company's ability to raise additional capital, fund and maintain operations or meet business objectives; the Company's ability to successfully negotiate a forbearance agreement with Bank of Montreal on terms acceptable to the Company; the Company's ability to comply with the terms of any such forbearance agreement and the consequences of any breach or default thereunder; the ability of the Company to complete the Offering on terms acceptable to the Company or at all; the fact that new management of the Company, including the recently appointed Chief Executive Officer and Chief Financial Officer, have had limited experience with the Company and its operations and have not had sufficient time to fully analyze all facets of the Company's business; the impact of negative or unfavourable rumours in the marketplace on the Company's brands and student enrollment; any of the Company's announced or proposed acquisitions failing to close or becoming delayed before closing; carrying on business and activities in international jurisdiction where Canadian laws do not apply; any loss of certain key personnel; levels of student enrolment; delays in rolling out online education programs; delays to the completion of any planned initiatives or the inability to complete those initiatives; competition in the educational services market; and currency fluctuations.