The numbers should be in, or coming in, very soon. These are the numbers UoPX needed to ensure the merger with Apollo Global and Vistria would be approved.
How bad are the numbers and when will they come out? I believe Yahoo Finance originally estimated the next reporting date as October 17-24, but I don't see a date now. The longer Apollo Education waits, the more outsiders will question them. This happened with Corinthian Colleges, ITT Educational Services, and Education Management Corporation. People are already concerned because the US Department of Education didn't automatically approve of the merger.
Would APOL accountants be willing to cook the books? If so, would Deloitte notice or even care that the books are cooked? The work Deloitte did with ITT Education was questionable, to say the least. Their auditing work reminds me of Arthur Andersen and its dealings with Enron.
https://www.linkedin.com/pulse/could-itt-techs-short-term-gain-torpedo-deloitte-dahn-shaulis?trk=mp-author-card
FYI: These are the metrics for the merger agreement:
(1) aggregate cash, cash equivalents and marketable securities
(2) year-to-date new degreed enrollments
(3) trailing twelve month net revenue
(4) consolidated trailing twelve months EBITA
https://www.sec.gov/Archives/edgar/data/929887/000092988716000189/apol-may31201610q.htm