Thread regarding Corinthian Colleges Inc. layoffs

OK, ballbusters I am going to give you this information prior to Thanksgiving. Please prepare to kneel. So ECMC wanted us bad enough to agree to forming a not for profit shell company that will buy 56 campuses for $24 million. I am furious about the purchase price but, again, my balls are killing me. The shell company will be called Zenith, and they own your asses as of January. ECMC provides loans and collects loan payments. As I have said before, our greatest asset is student debt. Everyone had to agree to a reduction in tuition for the students we are targeting, but ECMCs tactics in admissions, career placement and debt collection are fundamentally business as usual for you. And no, I don’t care about existing students that get pissed off about the tuition they have been paying, so please don’t even ask. And don’t ask about retiring the loans owned by CCi or our status with Nasdaq because I don’t want to discuss that shit either. Hawn has a PR machine who will welcome you to his brand of transformative KoolAid. You should enjoy it for a little while. Being a nonprofit might increase the number of graduates, so DoE is willing to take a chance on the deal. The CA AG refused to allow the terms of the sale to apply to CCi schools in California. You don’t need to know what is going down there. Happy Holidays. Jack