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G.com Getting Ready for the Stock Market

I have no way of substantiating this, but it seems that G.communication may be getting ready to float the company on the stock market.

The GComm Nova blog has this to say:

My staff came up to me this week and explained... "You have to tell us each day you need travel money by this Saturday..." "Why Saturday?" I asked inquisitively... "The company is planning to float on the stock market and needs to have all its books and records up-to-date by the end of this month..."

This would account for the auditor we had in the branch last Wednesday and some other mildly unusual goings on...No hint as to exactly when this is going to happen, however, the indications are that it is getting closer...

Given how poorly G.communication has run Nova over the past six months, who would want a piece of the action? You would think they would get their affairs in order and deal with problems such as students not being able to book lessons first before allowing everyone to have a peek at their books.

Eikaiwa: 

Comments

This is a blessing in disguse. Sign me up for 600 shares. When the 100 to 1 split happens I'll be rich.

What's going on? I guess this would provide a much needed cash infusion, which would provide for advertising and overseas recruiting. This is probably also a step to build the company's legitimacy in the eyes of potential customers.

The timing is interesting. They'll point to their sales over the last few months and maybe make things look pretty good, but there's no way of knowing how they'll perform over the next 6 months. The peak sales period has passed, and we've yet to see how teacher shortages will affect contract renewals and sales for the rest of the year.

Of course, the story could've been more spin from management, they often came out with bullshit stories while I was working there.

Umm...This is nuts. Most students are planning to jump ship when their old contracts finish. Teachers are being "let go" when they say no to transfers. Students cant book lessons and when they do they are jam packed into rooms not designed to hold their numbers. Voice is being trimmed back and branches are being relocated to buildings that even cockroaches shun, just because the rent is cheaper. Do these sound like the actions of a company ready to go public? Anyone who is thinking of buying into this...I have a better idea. Give me the money and I will punch you in the stomach. You will feel the same when your money goes swirling down the toilet.

Having float the company is a good idea. Get it on the stock market, that'll give us all something to do for 5 seconds: check out the value of g-scum stock after our morning coffee and then place bets how long before it tanks below 100yen!

Not that I want to get on the GCom ball, but how would one get in on the stock action from the ground level???

BUT...the story don't say if this introduction will be accepted. See how they make up the moribund rabbit!...they are now printing new textbooks and will give for free to students! In a short time Inayoshi will dye in blond I guess...

This is absolutely hilarious!

Who would want G.Com's stock, let alone purchase it? Inayoshi's mother?

Wasn't it just recently that G.Com went public, saying that they weren't making any money because other schools were poaching their students?

Are they actually taking in new students, not the Novites seeking to use up their tickets?

An investor wouldn't touch G.Com with a barge pole. Neither would Inayoshi's mother...

To me, it seems obvious that he's trying to cash in the company before it goes belly up. If he can put it on the stockmarket and sell most of his shares he won't lose that much when bankruptcy finally comes around.
That's what I'd do if I had a nose-diving privately held company.

There is also the point that this is a PRIVATE company... and as such, Inayoshi's personal assets aer linked to it.
Now if he incorporates, or goes public, he can sort of protect his assets... when it does tank, he will only lose his shares, and the loans, but this will be a way to get cash AND protect his other assets... least thats how I see it.

i have it on very good authority that potato head is looking for a new job and is completely unemployable.

a friends girl works for a headhunting group..who had an interview with Scarface recently..

they asked him what kind of work he could do...I.T.? Nope..Sales and Marketing?..."Uhm..No" Communiction skills? "I am no comfortable with my english" (ya THINK?)...

basically the cunt has 2 teenage kids..a wife (yikes) and bills..but because his stench goes before him..he wont be working in this country anytime soon.

finally they suggeted that perhaps he should start his own school, to which again he replied that he had "no confidence to do that."

i dont wish unemployment and misery on many people..but wow..did this total choad not deserve this?

note to F ..i know I stole your story..but it had to be posted..feel free to correct anything i may have misquoted.

The story about other companies poaching students was clever in two ways really. 1. The got some free press and although the uptake of the story was limited it made some students aware that branches were open again for business.
2. It probably had a limited impact on other eikaiwa as I imagine some people took the story and believe that other eikaiwa cannot be trusted; not necessarily strengthening their own business but maybe weakening their competitors a tiny bit.

Are you a tool? That's what I said in the stockmarket option comment. Reiterating the same point as if it's a different one makes not only you look like an idiot, but the whole of Canada!

Are you a tool? That's what I said in the stockmarket option comment. Reiterating the same point as if it's a different one makes not only you look like an idiot, but the whole of Canada! Which, if you twist my, I would have to agree with...

Actually....yeah. It does sound like a company ready to go public with its stock. Many of us (including the students) still see the company as NOVA. While it still has the brand name, the company is totally different, as is the business plan. Now, I happen to think the business plan is totally ass-backwards from reality, but as they haven't told me what their plan is, I can only base this off of what has happened thus far.

We think in terms as they compare to the previous system. If you think of the six months until now as a "transitional period, where old standards were honoured until new ones can be enacted" you get the crap reasons why G.Com and G.edu are thinking of going public.
**********G.COM's THOUGHT PROCESS*************
From their point-of-view, they've reduced the reason behind pressuring the students to buy outrageous packages and increased access to the reservation system (and as it's in essence a "free market" reservation system, the company has no say in deciding the schedule and thus not to blame, no?[this is meant to be sarcastic])
The company also "successfully controlled the foreigners" by firing many of the unruly/frivolous ones, and have incresed the number of customers served per day. SUCCESS!!!!
**********G.COM's THOUGHT PROCESS*************
So, going public? Of course!
Basically, the truth doesn't matter. What matters is how you package it and sell it to the public.

Why was this Anders character hated so much? Did he really shit on a lot of people or is it because he was upper Nova management and a freak?

He stole Christmas in 1998.
And his cat is mentally retarded

http://www.nova.ne.jp/pdf/account-en080602.pdf

Just saw this on the nova page! In a year or so it will read Gcon...lol

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