KGIC Inc LGLTF

This stock turned into a traders paradise

[tmf3333]

There really is no good news.  The announcement about BMO was pretty much just junk.  The key word in the entire press release was "Principle".  Nothing is signed, nothing is official.  Great money for those who bought a tonne at .005.  I used to be a pumper but I dumped when we had that pop to .065 back in November.  This puppy is gonna hit .005 again unfortunately. 

So much potential but it's a case of too little too late.  Sign a long term extension on the loan, show one decent quarter of improvement, then I say jump in.

[nanaimo16]

I concur. This was  one of those extremely rare situations .. where one had to be at the right place and time.  I bought at 1/2 cent when there  was no bid. However although I did well I re-learned Two keys to playing a rare gen like this one ... #1 Buy more shares  #2 Don't sell early. That said I am out and may play this again .... down the road.

[schoolboy]

This announcement came out of the blue. With all due respect, I think that the winners were more a bit more lucky than insightful. I don't think that the rest of us should feel bad about it. Although perhaps not an absolute stroke of genius, I think that this announcement was a very creative way to buy some time and convince BMO that an alternative plan might work. Kudos. I predict that we

[BlueHorseshoe13]

With all due respect, I'm not sure I agree. It could be that anyone buying at a half cent was thinking, hold on: This company did roughly $34M GR in the last 12 months. And the industry has an EBITDA margin of roughly 23%, and trades elsewhere around 10-17X EV/EBITDA.  So then they might think, well, if someone can right this ship, it might be worth something like $34M*23%*10x = $78.2M

[schoolboy]

Good point, BlueHorseshoe13. In retrospect, I wish that I would have taken a different perspective.