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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 > Financials
View:
Post by Tycoon37 on May 08, 2015 9:28pm

Financials

The waiting game is a bit frustrating...however I'm still giving the company the benefit of the doubt. This is the Company's annual, AUDITED!! (as per OSC annual financial reports must be audited) financial report. The CFO became seriously ill on the eve of filing and as such they basically had to start from scratch before one of the directors can sign off on it. I know I would want to do my on audit before I signed off on the numbers, and in fact they my have to from a legal perspective. Just my 5 cents on the matter. Holding and adding on weakness. Happy Trading
Comment by cocacola11 on May 09, 2015 12:36am
This CFO wasn't that great at his last job either...  I was out after the letter was posted the other week. This one smells.   Good luck. "...Douglas Chornoboy contravened several IIROC Dealer Member Rules, and has imposed the penalties set out... " https://www.advisor.ca/news/industry-news/iiroc-slaps-3-reps-with-700000-in-fines-98423
Comment by trac3 on May 09, 2015 1:34am
cocacola11 What a post. I see you rarely post, but when you do! Wow!! Great research, you certainly do your homework. Sure glad (lucky) I finally bailed when the reporting was delayed. Do hope things work out for all the retail shareholders
Comment by probability25 on May 09, 2015 1:44am
This post has been removed in accordance with Community Policy
Comment by ERTguy on May 09, 2015 4:21pm
I picked up some stock yesterday and if this drops any further I'll be going on a shopping spree on Monday.  This price level has been a support level for the past couple of years and I think it will take a lot to make this break down below the 40 cent level.  The big risk I see here is being a negative discrepancy on financials which would no doubt break this support level and put ...more