KGIC Inc LGLTF

re-read news release of Dec 22nd

[Moneyday0]

Looks like the Dec 31 date refers to the preferred shares. With first tranche to be closed PRIOR to Dec 31 . That could be telling either way - they couldn't get finalized (unlikely - as new mngt would have taken up first tranche themselves) so this could mean over subscribed or plain and simple waiting for BMO to come thru with decent interest rate before anyone buys in. Release also stated BMO and company would be working hard to complete as soon as possible - no reference to Dec 31 as due date. So all in all we're still in the game. With offices and classes closed till Jan16 we still have couple more days at play before the running out of money kicks in. Looks like a cat and mouse play between BMO and mngt right now. B nice to get news update but it could come on Jan 2/16 instead giving more time. This new mngt tends to like last minute deals down to the wire. Frustrating for holders but if news is good - well worth the wait! In this holders opinion, if news was bad, release would have been out by now.