Who do you believe: Your CP who tells you "everything is fine" or all the people who sold over 33,000,000 shares of COCO. Obviously either your campus president, director, or whatever is correct and the entire investment community are a bunch of... — read more
For you fools who want to believe
If you want to believe the company has "plenty of money," you obviously don't know how to read a balance sheet. I'll give you an hint: READ THE LINE CASH. Take a look and make your own decision... — read more
anyone that has worked for this company for more than three years saw this coming. The management team has gone downhill for quite a few years
everything the news has been saying is 100 percent true. I know for a fact they forged placements, attendance, and I was approached many times from different management to allow students to turn in work after grades have been closed. Basically, they... — read more
They got what they deserved
You dont see any public universities going out of business
This place is delicious!
http://www.youtube.com/watch?v=3RvMSRvzN_M
Use all your sick time and bereavement pay people, this is the end, call and say grandma Betty keeled over. Get any remaining time paid.
Don't leave it on the table. Next week is doomsday people. Game over!
In the latest meeting which I just walked out of, the latest word was to not pay people and just allow them to realize they are not getting
Another check and basically floating on to unemployment. I can no longer entertain these crazy ideas especially when it comes to cheating working people who have families.
To all my fellow ex-employees who endured the management abuse and unethical practices and we're wrongly fired or quit and than went to
Regulators after: well done. I am very proud of what we accomplished. You should be too. Their days are now extremely numbered and will hopefully get a big taste of karma.
Definition of 'Going Concern' for all my non-business folk
Per Investopedia: A term for a company that has the resources needed in order to continue to operate indefinitely. If a company is not a going concern, it means the company has gone bankrupt... The filing with the SEC today says "If the Company is... — read more
Game over!
Farewell
Campus Support Cemter Admin Group
And while we all sit in Limbo the exec team travels by private charter to DC tonight at $50 grand a pop! Last ditch effort, take your personal belongings home now!!! Exec team will be meeting this weekend, good luck to all Monday/Tuesday either way... — read more
No! No! No! You've got it all wrong!
our CP says we're fine. The company has plenty of money. You know how the media can be. Right?
Shocker!!!
Corinthian's spokesman, Kent Jenkins, declined to comment.
It's over; get your white box ready
(06-19) 15:12 PDT San Francisco -- Corinthian Colleges, Inc., a vast education company that gets $1.4 billion a year in federal aid for 72,000 students - including thousands enrolled at its for-profit Everest, Heald and WyoTech colleges in California... — read more
Corinthian Colleges Warns It May Shut Down
Corinthian Colleges, a for-profit education company with about 75,000 students nationwide, warned Thursday that it may fail as it clashes with U.S. regulators over student data. Corinthian, which owns the Everest College, Heald College and WyoTech... — read more
Stock
Shares of Corinthian Colleges Inc. fell 57 cents to close at 28 cents Thursday. Its stock has lost 84 percent of its value this year.
Stock down 64%
The Santa Ana, California, company said that it has sought, but has been refused, additional financing by its lenders. It's unclear what would happen to its students. It has more than 100 campuses in the U.S. and Canada as well as online classes... — read more
To Camden Kid
What happens if money is owed from law suits and cci declares bankruptcy. Are the plantives just out the cash? What happens to all the pending law suits waiting trial with them? If they declare bankruptcy but the trial takes place anyway and cci... — read more
Wyotech blairsville
Hey its time for a safety meeting at the villa.....come on Art you know you need a stiff one after today's trading. You are going to have to layoff 25% of the work force tomorrow. So after your all night meetings with dano get over for a beer and... — read more
Cci stock
When it coasts more to buy a Trojan it's time to kick da bitch out!!!
Blairsville wyotech
Hell I've been told numerous times to change grades to the good including attendance records. That comes from the campus president! Wyotech is a shit hole of a school. The coordinators and directors all have problems with telling the truth. If they... — read more
I'm out sick today - anything happening in the schools?
I've been following this all day but I don't want to call my co-workers in case they don't know and I bum them out. Anything going on in the schools? Any managers who are reading this - have you heard anything? I'm feeling better and should go in... — read more
Without any cash will massage therapy instructors get lotion?
Or will they have to go without just like everyone else?
How much is 21 days of cash?
I am going to round up to one month, or 1/12 of a year. Then I will apply the 90/10 rule to suggest CCi needs about 1/12 of 90% of its annual revenues in cash. I will take the last quarterly income statement and multiply the revenues by four to get... — read more
Camden may be proud!
Another one of my posts was about reading magazines. On June 4, about two weeks ago, I wrote, "There is a big increase in activity here. After reading a few magazines, including one on a Facebook relationship study, I suspect there are some layoffs... — read more
Trading price.
On May 28, less than a month ago, I wrote, "Remember when COCO was 82 cents a share? Some day in the future we will be discussing the 82 cent share price. Will that be when it's $1.64 or 41 cents?" Source:... — read more
How many shares are trading today?
From the latest Quarterly Report, "At May 7, 2014, there were 87,643,297 shares of Common Stock of the Registrant outstanding." And so far today over 22,000,000 shares have traded. That's over 25% of the outstanding shares.
I've been counting the days that the stock closes below $1. That's the least of their worries now.
It's nearly a 100% event that the 30 days will pass by, and, furthermore, I suspect that the $1 rule violation is the least of CCi's concerns.
Next payroll day is June 27, three days before the end of the fiscal year.
Will CCi file for bankruptcy before the end of the fiscal year? The "we have no money" and "we cannot find funds" and "the Department of Ed won't release our funds" and "no one will trust that the Department of Ed will pay us" is very troublesome.
I wondered what happened to my final check.
Having quit almost a month ago, and with repeated assurances from HR that my check was in the mail, I am glad I walked when I did.
How many days until the bankruptcy is filed?
I predict a bankruptcy filing within 30 days.
Roof Caving in for CCi
Stock down 65% today from yesterday...problems with liquidity...http://finance.yahoo.com/q?s=coco
Corinthain loses discovery motion
Corinthian lost in its opposition to California motion to compel production of documents. Corinthian has to cough up the placement records for 2010,2011,2012 graduates.