KGIC Inc LGLTF

Revenues will plunge

[Papagallo]

News travels quickly...Asian parents will not enrolled their kids in an organization that is facing bankruptcy. Company MUST be sold, recapitalized, and rebranded...equity investors are screwed regardless.

[JeffCourteau]

Where do you see or when have you heard them talking about bankruptcy? You don't go bankrupt instantly before giving the new management team a chance to fix things up. I mean, they absolutely have clients (excellent revenue), they have a plan for student housing, and news of this bad management won't spread that much in Asia. It's just like if we cared here about a minor Chinese

[Papagallo]

The most recent equity raise was a sham...money was intended as working capital to fund growth acquisitions not paper over poor judgement deficit spending. Company is in debt, no cash, breach of covenant. Students and their parents will not place deposits for enrolment with a company that faces bankruptcy and shareholder class actions. Lawyers will be salivating.

[bulltraderr]

Well said and explained. Thanks.

[bulltraderr]

To MR Jeff.  Well said&explained.