KGIC Inc LGLTF

CIBT

[MONEYGAME]

The restructuring of the acquired schools will take place over the 3 months following the closing of the asset purchase. During this interim period, CIBT will assume the teach-out responsibilities of the students at these schools.  At the same time, management expects to consolidate and integrate the human resources, technology, administrative support, and executive management with CIBT subsidiary schools with a view to generating accretive values and adding synergies that will generate efficiencies, sustainable organic growth and value for shareholders.
Read more at https://www.stockhouse.com/news/press-releases/2017/03/16/cibt-subsidiary-acquires-assets-of-kgic-inc-formerly-loyalist-group-ltd#G8DOAAykIehU3zIk.99
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.mba&postid=25989790#F6ZyF6mUTALiiqEI.99

[jimbrofski]

This is groundbreaking and brilliant. The idea of saturating the market with your own schools will certainly lead to an immediate turnaround. Think about it. What other language school provider in any other city in the world has more than one or two branches in the same place? London? Sydney? New York? Nope. CIBT will now have 6 branches in Vancouver, all branded as Sprott-Shaw Language College

[FRIESLANDER02]

Who ever is still reading this board, whatever you do, DO NOT go to the grey sheets and buy LRN shares! Accept at face value Montrusco Bolton placed millions into KGIC's treasury for 12 cent paper so that Klerer could declare insolvency in less than 90 days. 

[Cadilac]

But what ever we do , our shares are total lost are nt they ???? Or just not yet ????

[birdie22]

No more posts for  KGIC on SEDAR , following from CIBT files on SEDAR Also looked at BDO website as they are the Receivers  for news but could not find a file on KGIC at some point a file must appear with court documents etc. From CIBT SEDAR March 16 filing. .CIBT EDUCATION GROUP INC. International Head Office: Suite 1200, 777 West Broadway Vancouver, BC V5Z 4J7 Tel: 604.871

[Cadilac]

Agree , guess there s nothin else to do : thanks for the info .

[FRIESLANDER02]

There is something you can do. Examine the CIBT website and see if you can count the number of beds actually available to GEC. Is it my imagination or are there two different buildings shown at the same address for VIVA and Granville? 

[CoreyB]

Yes it looks like 2 different buildings on Granville.  The map shows one location but go satellite view and one spot looks like it is under construction, so assume it is old satellite image taken at beginning of construction.

[FRIESLANDER02]

Could one tell if the finishes are higher end, even luxury, suitable for executive ESL. PEMEX?