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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 60606060on Jan 30, 2017 3:57pm
113 Views
Post# 25774201

RE:RE:Any chances of Class Action Lawsuits for various stakeholder

RE:RE:Any chances of Class Action Lawsuits for various stakeholder
Alex was investigating Uhak to end the agreement and thus saving millions. Never got any news. Very poor communication with shareholders. Rhu had a phony loan (Dec.2015) to LRN at 18% (from his huge salary and huge expense account that his CFO and directors allowed). I bet Alex gave Ryu his money back with interest recently. Why wouldn't the debt holders take the Oct. offer??? It couldn't be because tax loss selling paid more. Something is very fishy. Remember Chronoby-CFO of LRN appointed after Lee changed position. He was one of three in his former company charged and two were found guilty, he was reprimanded only for lack of evidence months before LRN showed its huge new debt. We earned profit of 1 million in 2014  but with even greater revenue in 2015 the books showed massive debt.
Yes I agree a law suit is needed and Toby Chu should be checked also as he originally sold KGIC to Ryu for four times what it was bought for by Mr. Chu.
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