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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 > Liar, liar
View:
Post by Papagallo on Jun 11, 2015 5:23pm

Liar, liar

There is zero chance of a recovery here...Ryu and his accomplice, Chornoboy, lied, lied, lied, then gutted and bled the company dry. They lied for an equity raise. They lied about the health of the company. They lied about the delays on YE financials. They lied to FT, and royally f#cked over his subscribers about the "once in a generation" real estate spin out. And the lying and denial continues. Ryu appoints himself as director like he is Kim Jung IL. Ryu is a narcissistic little puke who will get his comeuppance for ripping off honest shareholders.
Comment by bulltraderr on Jun 11, 2015 5:42pm
So why is he still here, where is RCMP. Where are banks, why are they still in business??????????Why are they still trading??ANSWER PLEASE. thank you.
Comment by Papagallo on Jun 11, 2015 6:15pm
Why?, why?, why?......why has the s/p plunged from .55 to .07? it takes time to file lawsuits and launch formal investigations....it has only been two days since they released YE and a narrative that stinks as much as Ryu. They even hired a new CFO with " fraud credentials" in a feeble attempt to imply that they are not fraudsters. When you start with one lie, you need to keep lying ...more  
Comment by bulltraderr on Jun 11, 2015 7:15pm
If its true, It seems to me that most of the people on the board are involved not just Ryu. How can one person fu..k up everything, others must be supporting him. Even the people recommending to buy this stock. One guy just can't simply play this huge game. Also even if they go to courts, they will get few years and after that  launch another school under different name. Once a dog ...more  
Comment by schoolboy on Jun 11, 2015 9:27pm
Good point. Andrew Ryu acts like Caligula ll. His staff have openly accused him of: forcing them to binge drink with him all night  taking unnecessary 1st-class biweekly trips to Korea  sexual harassment  sexual assault  defaulting on debts  Then, there are the financial shenanigans. Didn't anyone notice?  I don't have any respect for Loy management -period.
Comment by 60606060 on Jun 11, 2015 9:40pm
The Directors gave approval for these huge expences and I guess Ryu made sure their special needs were met. Look at the 300% pay increases to Head office people.
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