KGIC Inc LGLTF

Fabrice's Response?

[Joker1978]

Can someone let us know what Fabrice says about this when and if he comments? It should be disappointed. I wonder if he has an explanation.

[ROIcrusader]

I'd like to hear what he has to say as well! He was juuuust on BNN saying he'd talked to management and they didn't need to raise cash... just as he was dumping shares I bet. Disappointing to say the least, 6% commission, plus 5% equivalent in options. Hello dilution. On the upside: typically these financings come with some kind of acquisition... hopefully.

[nellybb]

Stop whining already Email him or tweet

[Warren_Gecko]

Or better yet, join the club!  He righly charges for the work he does on behalf of his paying members and I find it poor taste to try and get it via this board for free.  I've found it is worthwhile but like us all he makes mistakes and I appreciate he at least has the wherewithal to own up to them.  As for his recent recommendation it smarts a bit to be in higher than I could

[wpgweatherman]

nah Warren G.. i like doing my own research. I am right just as much as these dudes. I am not willing to part with 200 bucks or 750 for his premium service

[makemoney4]

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[makemoney4]

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[makemoney4]

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[MBertolli]

Just don't sell your shares to the vultures at this price. Problem solved! Now let's wait and see what they use the cash for. "general working capital purposes" or words to this affect are in every news release when money is raised by every company. I'm almost positive it won't be used to buy a new coffee machine or for the summer picnic.

[Tunee70]

Although this absolutely sucks for long term shareholders, if this move was to get some promoters onboard before making an acquisition, this could be one hell of a trade, certainly popped on my radar at these levels. This stock seems to consistently go from low 40's to high 50's on a regular basis.  

[Gerritos]

A CEO doesn't know they are going out for $7 million? You must be joking. 

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[Gerritos]

Yo Stack! Read your post. "I'm almost certain the CEO did not know of the financing" 

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[makemoney4]

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[Joker1978]

I use to be a member as well, but I cancelled my membership when he did the same thing with Enterprise Group. He recommended it on BNN in the 90s and then a week later went to a sell. Seems like a similar story for Loyalist. Those are the dangers of playing in small cap stocks. High risk, high return!

[britishcinnamon]

Unless LOY is planning to acquire ILSC or a large delux apartment complex, I don't see how this is justifiable. Also, the news release only mentions general capital expense and the 'potential' of future acquisitions. This lacks transparency. As much as we talk about pump-and-dump on Stockhouse, realy pump-and-dump is a crime and this pretty much looks like a legitimate pump-and-dump

[stack]

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