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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."


GREY:LGLTF - Post by User

KGIC Inc > Any material change to credit agreement besides extension ?
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Comment by banxon Feb 14, 2016 6:13pm
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Post# 24558147

RE:RE:RE:RE:RE:RE:Any material change to credit agreement besides extension ?

RE:RE:RE:RE:RE:RE:Any material change to credit agreement besides extension ?Blue, some great points.
Sounds like Kgic got some breathing room till April which allows some housekeeping and the continued accounts receivable collection.
I do believe BMO holds the debt not Rbc.
Big Mac must have sufficiently impressed the bankers to motivate them to make this kind of banking allowance.
This kind of time allowance will confirm whether the company is back on track or there's a flaw in the Big Mac.
This is the only stock on the venture that offers such a juicy risk/reward proposition.
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