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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 > Schoolboy forgot something
View:
Post by 60606060 on Jun 27, 2016 4:49pm

Schoolboy forgot something

Sale of Uhak.com

The sale of Uhak.com closed on October 28, 2015, with the purchaser assuming all net liabilities, inclusive of severance obligations and forgiveness of certain intercompany amounts which were owed by the Company to Uhak.com. At June 30, 2015, the Company reported $1.3 million of consolidated net liabilities and year-to-date net losses of $0.83 million attributable to Uhak.com.

Comment by InternalAudit68 on Jun 27, 2016 7:46pm
This post has been removed in accordance with Community Policy
Comment by 60606060 on Jun 27, 2016 10:59pm
He must run an agency and that's all. Remember how he reacted to the news about reducing commissions from 50%.  
Comment by schoolboy on Jun 27, 2016 11:29pm
It's only libel if it's not true. I don't own an agency.
Comment by banx on Jun 27, 2016 11:38pm
Schoolboy, your interests are pretty transparent. You're pis sed at kgic coz they're tired of dealing with korean agency extortionism. It's put a dent in your biz. Deny all you want but from where i sit, its obvious. Reread that email junior. Pretend you're a lawyer. Oops....maybe you're not even qualified to pretend. You just buried yourself by the uhak email exposure. Let' ...more  
Comment by InternalAudit68 on Jun 28, 2016 9:46am
This post has been removed in accordance with Community Policy
Comment by schoolboy on Jun 28, 2016 2:07pm
I don't have a vendor company but I'm in the same field as KGIC. People talk. 
Comment by InternalAudit68 on Jun 28, 2016 2:51pm
This post has been removed in accordance with Community Policy