KGIC Inc LGLTF

Insider Buy

[Alister11]

Loyalist Group (TSE:LOY) insider Robert John Morrison bought 500,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was purchased at an average price of C$0.06 per share, for a total transaction of C$30,000.00.

[60606060]

What do you think about this statement? Is it possible in 10 months? If at any time following July 3, 2016 the closing price (or the average of the 'bid' and the 'ask', if not traded) of the common shares of the Company exceeds $0.25 per share for a period of 20 consecutive trading days, the Company may in its sole discretion elect to accelerate the expiry of the Warrants issued

[InternalAudit68]

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[60606060]

To me it means the 9% coupon expires and holders must purchase stock with warrants for $.12/share from the company and then hold or sell.

[60606060]

Once we hit $.11-$.12 I'm doubling my position.

[InternalAudit68]

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[60606060]

Tten that's good news for LOY as our enrolments will improve. I'm more interested in getting more when the price starts to improve as when it starts it will keep going for years, so I'm happy with getting profits period not finding a bottom.

[InternalAudit68]

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[schoolboy]

InternalAudit68, With all due respect, you are not aware of the current situation regarding immigration regulations for students. There is no good news.  The government recently shut down the work and study program. For most language schools, that represents a 15-50% loss in revenue. The loss is actually exponential because, once agents and students begin losing interest in a destination

[InternalAudit68]

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