Why would the company lock its doors now? We have had lower stocks a few months ago?
4 replies (most recent on top)
Please be careful about the extremist comments about EDMC closing. They may be true for all I know, but I am 100% certain that one of the posters is tying to manipulate stock and stands to make a profit if they can scare enough investors, regardless of where they are posting comments.
The stock means debts are much greater than assets. This is the condition of bankruptcy. They lock the doors to stop everyone stealing what they can carry out after they tell everyone their jobs are terminated and they are not going to get paid. Any money that is left after selling the buildings will be divided up based on a claim that each employee makes. You get maybe five cents for every dollar they owe you and the process can take months or years.
Lost 33% on Friday
Nope never been lower. In January they were .16, but never .10.