Thread regarding Corinthian Colleges Inc. layoffs

They already announced a sale.

They sold Quickstart remember. That money was used to pay debt and help make payroll. some of it was used to fund Socle too, but they were sneaky about that.

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| 461 views | | 3 replies (last November 12, 2014) | Reply
Post ID: @OP+ywlxgEc

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Is that you Mr. Trade Craft?

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Post ID: @1pLf+ywlxgEc

Quickstart was sold for $3M less $250k in negative working capital. Given that Quickstart never was material on an accounting basis, no 8K was required. That said, the sale is discussed here: http://www.sec.gov/Archives/edgar/data/1066134/000143774914018457/coco20141016_8k.htm

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Post ID: @336+ywlxgEc

and interestingly, they never filed an 8K announcing this.......what else would you expect from a shady company like CCI

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Post ID: @vX1+ywlxgEc

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