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Corinthian Colleges Inc. Layoffs

Messages relating to layoffs at Corinthian Colleges Inc. are presented below the company info.

Corinthian Colleges Inc.

Company information:

Industry/Area of Activity:
Specialty Retailers & Services
Company Stock Ticker:
COCO
Stock traded at:
NASDAQ
Industry Code:
5377

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Posts regarding layoffs at Corinthian Colleges Inc.

Go to thread Anonymous45711, Saturday 10/25/14 23:06:42 UTC

MY OPINION AND EXPERIENCE WITH CCI

THE FOLLOWING IS MY OPINION AND EXPERIENCE WITH CCI: I was with Everest for almost 3 years and quite frankly, in my opinion, it was a complete waste of my time, energy, and talent. When I first started, I was unsure of the company and position itself, but decided to give it a try. Nearly three years later, I continue to ponder as to what made me even consider working for CCI. In my opinion, the campus and area I worked at lacked the qualified management and leadership team necessary to run a successful business model and campus. The DOA and ADOA themselves did not have college degrees, yet are trying to coach us on how to sell degrees to potential students. The DOA and ADOA constantly asked me for help on their tasks that, in my opinion, should be second-nature to them. Then there was the training, which, in my opinion, was very elementary and sub-par. CEEP is a joke and does not work. Apparently, from their point of view, just because I didn't ask for referrals would drastically reduce their show rate. Then we had to report the same data in MULTIPLE channels. I'm not sure where the disconnect was, but reporting the same data on multiple levels of spreadsheets, trackers, etc. Then as far as the work itself: I dodged live calls, I made dials just to make dials, I surfed the internet 95% of the time, I constantly visited other departments with a folder in hand to look and pretend like I was working, my campus had constant stand-up meetings only to talk about the same issues, which I took extended bathroom breaks to avoid the stand up meetings. In the rare event that I did actually attend the stand up meetings, let alone pay attention in them, the DOA constantly suggested that we update our resumes. Then the RVP would visit the campus once a week, which in my opinion, they are overpaid DOA's just to drive from campus to campus and b*tch about everything. I was extremely fake to the RVP, as this individual was the same to everyone. One time, the RVP caught me surfing the internet and then told me to "fight like hell" in the tough times the company was facing. Honestly, I was trying so hard not to laugh and at the same time, whatever crap they were babbling went in one ear and out the other. What really annoyed me about this company is how they took away everyone's hard earned vacation time. I had mentally quit already and as soon as an opportunity came about, I put in for vacation. Once I confirmed I got paid, I quit. AGAIN, EVERYTHING MENTIONED ABOVE IS STRICTLY MY OPINION AND EXPERIENCE WITH CCI.
Reply to this post | This thread: 4 views | No replies yet
Go to thread Anonymous45680, Saturday 10/25/14 17:30:05 UTC

If you're an instructor at Everest Online, teaching and facilitating is dead last on your list of responsibilities.

Your top responsibilities are Outreach (calling, emailing, texting), data entry on Talisma to record Outreach attempts and interactions, and passing all students (regardless of whether the student participates, meets quality standards for submitted assignments, or can read or write). Your role is no longer instructor, but a disrespected babysitter of adults.
Reply to this post | This thread: 126 views | 12 replies
Go to thread Anonymous45663, Saturday 10/25/14 09:14:27 UTC

Tranny troll is back. So angry!

Why does tranny (a troll) call all real posters trolls?
Reply to this post | This thread: 61 views | 5 replies
Go to thread Anonymous45634, Saturday 10/25/14 01:39:45 UTC

For April, an Everest student from Michigan. Makes you feel just great, right?

"If I could go back and undo signing up with Everest Institute I would do it in a heartbeat. It was a HUGE WASTE OF MONEY. They do not help you find a job. They sucker you in and you're hosed with a HUGE BILL. I went for Medical Administrative, got great grades, and expected to get a job with their help after graduating and have not had 1 phone call and was basically told they don't help in my area which was not I was told when I signed up. I was told they did my whole county." http://www.consumeraffairs.com/education/everest.html
Reply to this post | This thread: 183 views | 4 replies
Go to thread Anonymous45588, Friday 10/24/14 20:38:46 UTC

So who or what is auditing courses to make sure every single student passes?

Reply to this post | This thread: 217 views | 4 replies
Go to thread Anonymous45581, Friday 10/24/14 19:52:20 UTC

Trolls are the only ones left here.

It's so funny watching trolls trolling trolls. When will they realize employees quit posting here a couple weeks ago?
Reply to this post | This thread: 142 views | 7 replies
Go to thread Anonymous45560, Friday 10/24/14 19:17:44 UTC

Tagline from our website: "We put students first." Let's help marketing with a new tagline.

I'll start: "We put students first. OK, maybe second, after Title IV funding. Alright, alright, probably third after Title IV funding and defrauding the taxpayers".
Reply to this post | This thread: 146 views | 8 replies
Go to thread Anonymous45541, Friday 10/24/14 18:31:21 UTC

CCI Still taking advantage of students.

I recently had a student placed in my IT class who has severe learning disabilities. Student can not learn from reading and must be read to or everything provided to her in a digital form so the student can use it at home with her software that reads it to her. Also the student is to be given 1.5 times to 2 times to turn in work and for exams. It's only been one week and other students are starting to get very frustrated with the student since in the course of 2 days the student still asks about the syllabus and cannot understand week 1's assignment which is nothing more than read chapter 1. I've been interrupted in class at least 8 times each day to explain this to her. There is no way this student can ever get a job in IT with this kind of learning disability. I asked the student why they took IT and the student was told it would be the right career choice for the student by admissions. This is clearly a blatant example of taking advantage of a student. I brought this up to Academics and I got the impression they agree with me but their hands are tied.
Reply to this post | This thread: 288 views | 14 replies
Go to thread Anonymous45533, Friday 10/24/14 18:05:30 UTC

Working at Wyotech Long Beach has ruined BJs for me.

Reply to this post | This thread: 136 views | 2 replies
Go to thread Anonymous45531, Friday 10/24/14 17:52:23 UTC

This is a CCI that we all know

Hello to all, It brings me regret that I am no longer with the company. I wish you all the best in all of your future endeavors. But before I go, I feel that I must share a few experiences with you. Though I may have only been a here a short time, I have seen a lot change in company image and moral. Well lets bring those to light shall we!! First of all the leadership team is horrible! I seriously have no idea how 80% of those people got their job other than being part of the good ole boy system. By the way Bre, I know you got fired from your job at Westwood because you couldn't produce... how you got a director position is beyond me, considering you don't even know how to operate most of the systems and components, let alone managing a team successfully is mind altering! How about a you change everything you are doing like: Stop brow beating employees, get off your personal cell phone and become a leader not just a face behind the desk, learn the programs (campus vue and talisma) instead of telling your team to ask another person. Just as a thought it might be smart for you to take some management and leadership courses. Maybe then you wont have a team that is divided, in 70% of the team distrusting and not accepting you as a leader. In the matter of attendance lets talk about how you and some other members will come in late, leave early, stay after and you don't bat an eye, but if it is someone that is not in your inner circle it is an occurrence even though there was prior notification and approval. While I have enjoyed my time (in the beginning) here at Everest. I have seen a great many faces turn to cold, dark and bitter people, here is why. While the company has gone through its changes with lying to the government about the placement numbers (who does in fact fund over 85% of company), to our leadership not telling us what's really going on but " this is all we have to share", to not knowing if we are going to get paid because CCI doesn't know how to pay its bills, to not knowing from one day to the next if we will have jobs because of "voluntary time off" to "Forced Furlough." While in some aspects a few leadership members want to tell us the truth or so we hope, but overall as a whole they are too scared because at this point it is robbing Peter to pay Paul. Simply put the right hand doesn't know what the left hand is doing... its sad and pathetic. I have a few questions for the "so called leadership" 1. Why does CCI consistently hide behind the motto "Changing students lives"? Really!?!? You are more along the lines of ruining them, for they will forever be in debt because of the OUTRAGEOUS prices charged, 65k+ for a Bachelors!! is ridiculous. All CCI is doing is undermining the people that attend the school. Taking advantage of the lower-middle to low income families and in all fairness with PREDATORY tactics, the whole grass is greener on the other side, CCI can promise you the world but can give you little but a mountain of debt. 2. Was the voluntary time off or furlough really needed? Did this action come along because CCI couldn't pay their bills?? In question the lawsuit that was filed because of back rent at the home office? Or the fact you didn't pay the bill for the "security" at the COS location? Or was it because all of the money that CCI made had suddenly dissipated and are now making "justifiable" or "cost saving measures" to compensate for the money that we seemingly don't have. Why is is that everyone on the low end of the totem pole has to pay and suffer more for something that our "leadership" is PAID to take care of. 3. Will CCI ever really tell what is going on? One moment it is yes everything is fine to Title 4 and VA funding being cut off to voluntary time off to forced furlough! We are told we are in a transition to being sold but that's all the details you are willing to give, is there something you have to hide? Most people in this company have families to support, and simply cannot survive on the notion on whether or not they will have a job tomorrow. The fact that CCI continues to practice these actions, is immoral and pathetic. Get up off your high horse leadership and fess up that you screwed up! You might be able to sleep better at night... might... But here we are at the end of a short lived journey. I am discouraged on one side but happy on another knowing that I will no longer be part of this malicious magnanimous refuse of a company anymore. CCI new motto "We Are Better Than You"
Reply to this post | This thread: 435 views | 17 replies
Go to thread Anonymous45529, Friday 10/24/14 17:47:21 UTC

So much for the "legal" dept who posted "news early next week"

LOL.....idiots......weeks over no news "legal" department
Reply to this post | This thread: 215 views | 8 replies
Go to thread PL - Computer Science - online, Friday 10/24/14 16:27:08 UTC

Everest Online has stooped to a new low...

We received a report of instructors that have high student failure rates. The laughable part is that the instructors on the list are the ones that take the most time with grading according to established quality rubrics and providing detailed feedback, rather than grade in 5 minutes and give full points for effort. They don't settle for crap work from those students that actually submit assignments. These are the top instructors and are essentially being told that they are in need of improvement for failing too many students, and should be grading easier! What a bunch of BS.
Reply to this post | This thread: 282 views | 18 replies
Go to thread Allonym, Friday 10/24/14 16:26:23 UTC

Reposting the more credible of the two. No accusations, profanity, or personal attacks.

People will take you more seriously if you know the foundational literature. There is plenty more...shout out here if you need it. The classic Bridgepoint report to the United States Senate http://www.help.senate.gov/imo/media/for_profit_report/PartII/Bridgepoint.pdf The Failure to Safeguard Federal Investment and Ensure Student Success http://www.help.senate.gov/imo/media/for_profit_report/Contents.pdf Soundbytes from Senator Durbin https://www.youtube.com/watch?v=WuSslCrC_P0&noredirect=1
Reply to this post | This thread: 49 views | 2 replies
Go to thread Anonymous45513, Friday 10/24/14 16:24:31 UTC

504 and 551 are the same person. Just trying to get the number of views up.

http://www.foxbusiness.com/economy-policy/2014/06/19/wall-street-sees-big-money-in-student-loan-defaults/
Reply to this post | This thread: 8 views | No replies yet
Go to thread Anonymous45511, Friday 10/24/14 16:18:35 UTC

BELIEVE ME, READ MY POSTS - MANAGEMENT INCLUDES ME IN ALL BEHIND THE SCENES, CONFIDENTIAL INFORMATION

I write many posts under many different aliases, and provide you much confidential information. Sure I sit at home in my dirty underwear 24-7 and have never actually worked at CCi, but seriously, believe everything that I write, in every version, style, and perspective that I write. You may not know that the information is coming from the same person, but it is truly just me. Thank me later, even if you end of quitting before the new owners make this job worthwhile again. Thank me for all of the information that I've provided to you ....even though I make it up on the fly! It's so fun, and you all keep listening to every post I write. Keep believing me!
Reply to this post | This thread: 80 views | 5 replies
Go to thread Anonymous45504, Friday 10/24/14 15:55:04 UTC

Can you see the filth on which the foundation of this industry is built? If so, write about it. Write and send it everywhere.

People will take you more seriously if you know the foundational literature. There is plenty more...shout out here if you need it. The classic Bridgepoint report to the United States Senate http://www.help.senate.gov/imo/media/for_profit_report/PartII/Bridgepoint.pdf The Failure to Safeguard Federal Investment and Ensure Student Success http://www.help.senate.gov/imo/media/for_profit_report/Contents.pdf Soundbytes from Senator Durbin https://www.youtube.com/watch?v=WuSslCrC_P0&noredirect=1
Reply to this post | This thread: 33 views | 2 replies
Go to thread Anonymous45499, Friday 10/24/14 15:00:57 UTC

Unbelievable

This company has some f***ing nerve. First they spring this bullshit furlough crap on everyone and then they have the f***ing nerve of sending this f***ing useless regional vp to our campus for the past couple of weeka from a f***ing school that is not even open anymore and she is running up a hotel bill rental car bill and her meals from real nice places paid for while the little people in the trenches have to scramble to figure out how we are going to pay our rents this month. F***ing pathetic. That is y this company is in the condition its in. All the money they have squandered over the years with these regional douchebags that all they do when they come is run up expense reports and sit on their little laptops all day sending and reading emails. F***ing pathetic!!!
Reply to this post | This thread: 289 views | 11 replies
Go to thread Anonymous45492, Friday 10/24/14 13:36:12 UTC

Employees at wyotech

It's looking like ghost town more and each day. .....
Reply to this post | This thread: 28 views | No replies yet
Go to thread Anonymous45463, Friday 10/24/14 05:38:32 UTC

So what's the deal.

Got a email from higher ups about a very dire situation, all staff meeting for Wednesday!!!! What the hell why are they making us suffer all weekend just tell us now so we can get our unemployment started!!! Did any one else get a email like this??? What is going on!!!!
Reply to this post | This thread: 830 views | 19 replies
Go to thread Anonymous45431, Friday 10/24/14 03:33:14 UTC

Dead cat bounce

That's it...
Reply to this post | This thread: 156 views | 4 replies
Go to thread Anonymous45374, Thursday 10/23/14 23:53:22 UTC

Can you see the filth on which the foundation of this industry is built? If so, write about it. Write and send it everywhere.

People will take you more seriously if you know the foundational literature. There is plenty more...shout out here if you need it. The classic Bridgepoint report to the United States Senate http://www.help.senate.gov/imo/media/for_profit_report/PartII/Bridgepoint.pdf The Failure to Safeguard Federal Investment and Ensure Student Success http://www.help.senate.gov/imo/media/for_profit_report/Contents.pdf Soundbytes from Senator Durbin https://www.youtube.com/watch?v=WuSslCrC_P0&noredirect=1
Reply to this post | This thread: 129 views | 3 replies
Go to thread Anonymous45343, Thursday 10/23/14 20:24:37 UTC

Where is the sale (s) announcement?

Appears to be some recent, significant upward stock price movement for the company. Figured there must have been a sales announcement.
Reply to this post | This thread: 900 views | 13 replies
Go to thread Anonymous45332, Thursday 10/23/14 19:08:07 UTC

Tracking our PC

Cci higher mgt can no longer handle the truth so IT installed mcafee dlp to track our web activities, instant msgs, and emails to find whose been talking about them.
Reply to this post | This thread: 430 views | 7 replies
Go to thread Camden Kid (Twitter @USinjustice), Thursday 10/23/14 15:36:25 UTC

Whistleblowers Expose CCi's Predatory Practices

""I speak with people, for example, who work at boiler room call centers for for-profit colleges and the lead generation companies that provide the industry with many of its students. Recently I've been learning more about one particularly offensive trick the industry uses. Multiple companies maintain fake websites promising jobs, food stamps, heating assistance. But these are just fronts to draw in people -- mostly low income people -- so they can be sold for-profit college programs. Before they can proceed on these sites, people come to a popup window asking for their contact information, and next thing someone is calling and trying to steer them to a for-profit college. According to people who have worked inside the lead generation industry, this particular bait and switch scam steers students to schools operated by Kaplan, ITT, Corinthian, Bridgepoint, the University of Phoenix, Career Education Corp., EDMC, and others. It's an awful scam, and I plan to report more on it soon.".....http://www.huffingtonpost.com/davidhalperin/as-for-profit-colleges-fi_b_6031046.html
Reply to this post | This thread: 480 views | 20 replies
Go to thread Anonymous45266, Thursday 10/23/14 04:27:16 UTC

Vote "YES" on Ammendment 2!!

Reply to this post | This thread: 32 views | No replies yet
Go to thread Anonymous45227, Thursday 10/23/14 00:58:43 UTC

Socle survey

What do ypu think about the Socle Education product that makes use uf the new Client Portal and the new Student Portal?
Reply to this post | This thread: 297 views | 3 replies
Go to thread Anonymous45226, Thursday 10/23/14 00:57:41 UTC

Did Golden Socle have a furlough?

I bet they did
Reply to this post | This thread: 424 views | 5 replies
Go to thread Anonymous45206, Wednesday 10/22/14 22:17:15 UTC

ARTICLE: 25 minutes ago - As For Profit Colleges Fight For the Right to Abuse Students….

http://www.huffingtonpost.com/davidhalperin/as-for-profit-colleges-fi_b_6031046.html
Reply to this post | This thread: 451 views | 13 replies
Go to thread Anonymous45203, Wednesday 10/22/14 22:04:09 UTC

tampa campus 762 - what is going on????

Reply to this post | This thread: 191 views | 3 replies
Go to thread Anonymous45170, Wednesday 10/22/14 18:29:04 UTC

Furloughs, furloughs and more furloughs to come. HAPPY HOLIDAYS!

Reply to this post | This thread: 510 views | 3 replies
Go to thread Anonymous45148, Wednesday 10/22/14 17:01:56 UTC

Not for you....

These sales are not for you to keep your job. These sales are to pay creditors and liabilities and so that Socle can exist independently of Title Iv funds. We have said it once before, but it seems some people need to be reminded.The sale of campuses has been the plan for some time. You see Cci exevs stand to make a winfall off of the closure of Cci. All part of the plan before the doe syepped in. The way that plan will work well is if the businesses that buy the campuses use Socle education for thier servicing. Now they may these businesses may need to keep you, they may not, but best believe execs dont care as long as their new favorite company is finally free of government regulations. Socles money will eventually all come from other schools. They may be dependent on title Iv funds, but Socle will not be. Not directly anyway. And yes they habe dumped and are continuing to dump a lot of Title IV money that student enrollment and admissions earns from students into Socle. They will do this no matter who else suffers. That IS their golden child. Trust and believe this is all that matters to them.
Reply to this post | This thread: 762 views | 34 replies
Go to thread Anonymous45139, Wednesday 10/22/14 16:01:55 UTC

An explanation

The downer posts are showing up here because COCO stock is performing well this week. I am not sure why the short interest feels compelled to create messages here, since this isn't a stock site, and their attempt to manipulate through messages belongs somewhere else. I suppose they are getting nervous because they are losing money.
Reply to this post | This thread: 251 views | 13 replies
Go to thread Anonymous45124, Wednesday 10/22/14 13:51:23 UTC

Looks like COCO is not spinning off assets fast enough! Show us the money! Posted 28 minutes ago on Traders Recap

Corinthian Colleges Inc. (NASDAQ:COCO)’s lenders have agreed to hold off on taking action to seize assets after a loan default last month, according to a Friday statement from the for-profit college operator, which is spinning off its assets in a government-ordered wind-down. Return on Investment for Corinthian Colleges Inc. (NASDAQ:COCO) is 6.60% and on Tuesday its shares closed at $0.14. Corinthian Colleges Inc. (NASDAQ:COCO) monthly performance stands at 27.27% while its year to date performance is -92.13%. http://www.wallstreetscope.com/traders-recap-general-electric-company-nysege-corinthian-colleges-inc-nasdaqcoco-general-motors-company-nysegm-proto-labs-nyseprlb-international-rectifier-corporation-nyseirf/2535392/
Reply to this post | This thread: 111 views | 3 replies
Go to thread Anonymous45123, Wednesday 10/22/14 13:45:18 UTC

3 Must-Know Facts About For-Profit Colleges: Know what you are selling so you can feel GOOD, GOOD, GOOD about it!

1. FOR PROFITS ARE EXPENSIVE. ​ gher price tags mean high levels of borrowing. Nearly 90 percent of 2012 for-profit graduates had student loans​, with the average debt among for-profit college graduates who borrowed reaching nearly $40,000, according to the Institute for College Access & Success. ​ Those high costs can skyrocket for students who delay graduation, which just 31.5 percent of for-profit students manage to achieve within six years, according to federal data. That's compared with about 57 percent at public institutions​ and about 66 percent ​at nonprofit private colleges. 2. FOR PROFIT GRADUATES STRUGGLE TO FIND EMPLOYMENT."Our findings suggest that employers don’t value for-profit credentials any more than public community college credentials," says Cory Koedel, an associate professor at the University of Missouri and co-author on the study. "But for-profit credentials are quite a bit more expensive." 3. FOR PROFIT BORROWERS DEFAULT AT HIGHER RATES. Default rates may stem from the combination of high loan balances and difficulty finding employment, says David Deming, an associate professor of education and economics of Harvard Graduate School of Education ​and co-author of the NBER study. "To the extent that you have trouble finding a job when you graduate, it affects your ability to pay student loans," he says. http://www.usnews.com/education/best-colleges/paying-for-college/articles/2014/10/01/3-facts-for-students-to-know-about-for-profit-colleges-and-student-debt
Reply to this post | This thread: 92 views | 3 replies
Go to thread Anonymous45122, Wednesday 10/22/14 13:35:29 UTC

Worst Year to Date Performers....

Corinthian Colleges Inc (NASDAQ:COCO) has YTD performance of -92.13 %. The company has the market capitalization of $ 11.04M while its P/B ratio was 0.03. Institutional investors own 48% stake in the company while beta factor, which is used to measure riskiness of the security, was 2.65. Net profit margin of this company was -6.60 % while its operating profit margin was 2.20 %. http://www.investorwired.com/worst-year-to-date-performers-corinthian-colleges-inc-nasdaqcoco-freeseas-inc-free-walter-energy-inc-nysewlt-cal-dive-international-inc-dvr/178405/
Reply to this post | This thread: 50 views | 2 replies
Go to thread Anonymous45121, Wednesday 10/22/14 13:28:36 UTC

This from the goons at Yahoo Finance this morning

boxfox746 • 22 hours ago Is COCO getting rescued? I wonder how high this could go... it doesn't look to me imho that COCO is going to go away. GL! Sentiment: Strong Buy Sort: Newest | Oldest | Most Replied Expand all replies amysteryman2003 • 21 hours ago Flag If they manage to file a 10-k in the next month or so, you may be right. Companies planning on delist and BK don't really need to file a 10-K at the last minute
Reply to this post | This thread: 82 views | 1 reply
Go to thread Anonymous45081, Wednesday 10/22/14 01:27:52 UTC

How did you quit?

i used up my vacation and once I confirmed I got paid, I no-showed and quit. i already had one foot out the door and all i ever did was surf the internet while at work. i made dials just to get the dials in. i dodged live calls. i never booked interviews. i made it look like i was working, when in actuality, i was visiting other departments and chatting about random things. in my opinion, job was meaningless work, low pay, no pay raises in 4 years, no room for growth (glad I didn't get promoted), basically a waste of my time. what really bothered me, though, was how employees without degrees would try to sell one (i mean really?). NOTE: THE ABOVE IS MY OPINION ABOUT CCI.
Reply to this post | This thread: 647 views | 12 replies
Go to thread Anonymous45059, Wednesday 10/22/14 00:21:01 UTC

What happens at a campus stays at a campus. Remember the pillars.

Reply to this post | This thread: 363 views | 5 replies
Go to thread Jerry springer drama, Wednesday 10/22/14 00:08:17 UTC

Please don't share personal drama that happens at a campus

Reply to this post | This thread: 638 views | 14 replies
Go to thread Anonymous44998, Tuesday 10/21/14 21:22:45 UTC

Corinthian now in trouble with NASDAQ! Further Investigations!

Corinthian Colleges Inc (NASDAQ:COCO) has received a letter from The NASDAQ Stock Market notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250. The Rule requires timely filing of reports with the U.S. Securities and Exchange Commission (the “SEC”). Nasdaq sent the notice, dated September 29, 2014, as a result of the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended June 30, 2014 (“10-K”). NASDAQ in conjunction with the SEC will seek further investigation in regard to discrepancies in wrongful and late filings.
Reply to this post | This thread: 436 views | 10 replies

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