Thread regarding Corinthian Colleges Inc. layoffs

I am not sure what's going on in PHX but I know people are transfering out of there so I suspect they may be ready to close down PHX Operations. The whole company is in danger of losing the ability to get Tittle IV funds. Dept of Edu is not happy with Online formate and procedures. A good source informed me that a buy out is comming and thousands of layoff will follow. Doesn't look good for CCI. I sold my stock when it was 6 dollars a share. Smart move!