Anyone got any info on what was discussed on the call that all exec committee members were on this morning?
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EDMC Stock is traded OTC, it is speculative play... With the GOP having a majority of the house and senate, EDMC has a chance at surviving. Bought at under .30 a share, sitting on 1000 shares just in case...
Stock value down 99% and delisted. Stock priced at about 25 cents a share with little or no volume OTC. Stockholder price further diluted by KKR as the creditor. $11 Billion fraud lawsuit still in US District Court. Radio silence from executives (other than rumors of layoffs at Art Institutes).
Our president seems happy they probably gave him another big bonus
It was about visions they have for the future and a new strategy for the company. Lots of ranting at the end with questions. They called it an EC strategic Alignment call and apparently didn't talk about layoffs at all or RIF. Usually just the President has the call every other week but this time EC attended the call.
our campus had one at about 130 or 2 EST
Probably discussing recipical references.... LOL