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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

Comment by Moneyday0on Jan 13, 2016 8:12am
147 Views
Post# 24452990

RE:Will MacGregor have the guts to invest money into LRN?

RE:Will MacGregor have the guts to invest money into LRN?IA68 - lotta work has been done to get expenses under control and things are looking up else BMO woulda pulled the plug. Problem is realizing outstanding accounts receivable. Be it people that couldn't pay were signed up, promoters going under and not paying kgic, students refusing to pay, whatever the excuse or reason - the problem currently is getting the monies owed. Now that MacGregor is in the helm, looks the direction is on ability of students being enrolled to pay versus simply enrollment numbers. So lets recap - costs were put under control months ago, new directives are in place with every single penny being watched, new loan will put stability on payment schedules over a 36 month period, the $3,000,000 PP will give the monies needed to top up any daily/weekly shortfall between revenue receipt and expense outlays. Certainly a legitimate and well planned out strategy. There is no way MacGregor is going to let the PP fall short. Certainly he is looking to the market but he/his collegues/his acquaintances will certainly pull up the difference to complete the PP. His rep is at stake and as many are reporting, his background and profile is not one of failure!!! In fact, would not be surprised to see this oversubscribed. Again, do not forget his pharma school will certainly be funneling students through KGIC all of which are MBA and up. Expect new MOUs to be signed with reputable colleges, universities, outfits that are reputable. Also, as stated before, BMO will have first shot at these students for all their banking needs so expect loan to be done deal and likely just a tug of war on what the rate will be with KGIC and BMO looking for their own best interest and challenging each other to the last possible minute - but the deal will be signed! This is so opportunity that comes around only once. Risk reward is pretty obvious and SP is going up real soon.
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