KGIC Inc LGLTF

Class actions will drive bankruptcy

[Papagallo]

There is zero value here...does anyone think that class actions and IIROC aren't coming? The equity raise was tantamount to a Ponzi scheme. Ryu blatantly lied about the purpose of the raise and the financial health of the company, telling investors that a generational opportunity as at hand. Lawsuits will be announced very soon.

[traderguy5000]

A class action lawsuit wouild definitely be bad for us longs. We need management to be working full time cleaning up this awful mess, not dealing with legal matters. In the US, the suit would have already been filed. In Canada, things move more slowly. This may be an unreasonable expectation, but hopefully we can get Q2 earnings prior to any lawsuit. Even though I'm very long, I cannot imagine

[testfreak]

I was gonna Load up .12. Wow glad I never 

[Zerosum]

Too funny, now RYU can lend them funds again. Corporate kleptocracy. Fool me 5 times fab shame on you, six times shame on me.