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Bullboard - Stock Discussion Forum 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 Discussion

KGIC Inc > Bid in at .37
View:
Post by wpgweatherman on Feb 18, 2015 1:44pm

Bid in at .37

now let's see if I get it
Comment by Infirstmoney on Feb 18, 2015 2:01pm
CFO should be fired right away. No excuses! In fact, announce a change in the CEO position as well. Thought it was smart to add schools, add top agencies, and adding housing, but an offering with no price....stupid!!!!
Comment by AuntiePenny on Feb 18, 2015 2:04pm
Bid in @ .375 . 400k offered @ .42! Is this an overreaction er what?
Comment by Infirstmoney on Feb 18, 2015 2:08pm
Not an overreaction at all. I am long, own a small position in this stock , but no matter. What worries me most is the error in judgement. Knowing the positive energy that the stock was generating with adding top recruiting agencies, and spinning off housing.   Then you go go this.....reeks of desperation. 
Comment by wpgweatherman on Feb 18, 2015 2:09pm
I like the company. . At these prices it looks even better.
Comment by Infirstmoney on Feb 18, 2015 2:13pm
This stock will now tank. Offering may be mid 30s as a result. Why take the legs out of the .price....just shocked. No company that I own has done anything like this in a long time
Comment by wpgweatherman on Feb 18, 2015 2:16pm
I think there is a plan.. it's to bad we don't know the logic to it.. hopefully soon.
Comment by Infirstmoney on Feb 18, 2015 2:22pm
With so much stock out, plus more coming at much lower price. If plan is drive the price lower and lower and the market to lose confidence in the management group....then bravo! Then they are right on track!