Looks like Zovio will make it through 2022....enough for some major cash bonuses for the Amazing Randy and his friends...
Cash bonuses
A royal flush! How much did you get? KR $108K JS $250K https://www.sec.gov/ix?doc=/Archives/edgar/data/0001305323/000130532322000043/zvo-20220612.htm
Impressive?
"CHANDLER, Ariz., June 3, 2022 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company that partners with higher education and employers, would like to congratulate the 209 working adults who graduated from its partner the... — read more
"Turnaround plan"
Even more sell offs? https://ir.zovio.com/news/news-details/2022/Zovio-Advances-Turnaround-Plan-and-Strengthens-Financial-Position/default.aspx https://d18rn0p25nwr6d.cloudfront.net/CIK-0001305323/f4e72ae5-c445-484b-a189-cf7246f8cc67.pdf
Sell off
https://www.highereddive.com/news/zovio-sells-tutoring-services-business-for-55m/624320/
10Q and earnings call today
Yet another bloodbath...
Zovio receives delisting warning from NASDAQ (dated May 3, 2022)
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001305323/000130532322000026/zvo-20220503.htm
When it rains it pours
https://amp-azcentral-com.cdn.ampproject.org/c/s/amp.azcentral.com/amp/9623764002
Putting Green?
https://www.thelayoff.com/t/14W3MIqh
WASC Review?
Results from WASC?
Zovio earnings call tomorrow after market closes
Hold your hats...
University of Arizona Global Campus loses access to GI Bill benefits
https://www.highereddive.com/news/university-of-arizona-global-campus-loses-access-to-gi-bill-benefits/621548/
Does anyone who is NOT a media troll have any news?
Does anyone who is NOT a media troll have any news or updates to share? Thanks
More bad news...
Disturbing news about Zovio, the online program manager of University of Arizona Global Campus. They are defying SEC rules by posting their 2021 Annual Report more than 90 days after the end of the year. The puts them closer to delisting from... — read more
Zovio Facing Financial Collapse
https://www.highereducationinquirer.org/2022/03/online-program-manager-for-university.html
Rules for Delisting from NASDAQ
"Failure of a company to meet a minimum closing bid price of at least $1 for 30 consecutive trading days can trigger delisting. When this happens Nasdaq issues a deficiency notice to the company. Another action that brings a deficiency notice is a... — read more
Our of business soon?
Less than $35 million in the bank, new $22 million lawsuit due and stock below $1.00 looking forward to seeing this company out of business soon
Ashford degree
What is the true value of the Ashford degree?
Lawsuit Against Ashford University and Zovio Prevails
Fined $22 million. https://www.insidehighered.com/quicktakes/2022/03/08/lawsuit-against-ashford-university-and-zovio-prevails
Zovio Earnings Call?
Any word on the Earnings Call? The later the date, the more ZVO has to use creative accounting and damage control.
Zovio and College Meltdown 2.0
"College Meltdown 2.0 comes as US fascism advances, the Coronavirus Pandemic becomes more normalized, student loan debt approaches $2 trillion, and the 2026 enrollment cliff is just a few years away. This wave includes remnants of for-profit... — read more
Inject this...
Zovio and Revature? What's next with the Amazing Randy? ... — read more
Hook, line, and sinker...
"Last week, at a special session of the Arizona Board of Regents, University of Arizona president Robert Robbins announced that his school would shift course and integrate UAGC into the school, rather than keep it as a separate entity with a separate... — read more
Nice move...
Zovio is giving out free tutoring to students at Red Lake National College through Tutor Me. Good PR move and the oldest trick in the... — read more
What happens to all the Ashford and UAGC students with insurmountable debt?
They end up as lifelong customers of Maximus. https://www.highereducationinquirer.org/2022/01/maximus-student-loan-debt-and-poverty.html
"Arizona Global’s Struggles Grow as Lawsuit and Accreditor Outcomes Loom"
"With its accreditor’s decision on potential sanctions due soon, the University of Arizona Global Campus is also contending with lower-than-expected enrollment and a California... — read more
The Amazing Randy "Eyes a Turnaround"
And the answer is...layoffs? https://finance.yahoo.com/m/ad610287-a304-3fd8-961f-a1a4d00e3225/after-years-of-losing-money-.html
The Amazing Randy
An incredible Christmas present for Zovio's new CEO. $850K + $250K to $300K in shares + handsome performance bonuses just in 2022. And the chance to earn much more afterward. If the "Amazing Randy" can turn Zovio around like Purdue University... — read more
WASC Review
Results reviewed in February. Should be posted in April 2022.
California BPPE Report
Here's University of Arizona Global's 2020 BPPE Report. Note: This report has not been approved by California's Division of Consumer Affairs, but it's still interesting to look at the program costs, completion rates, graduates employed in the field... — read more
Zovio's "Dumpster Fire"
Zovio's "dumpster fire" is reminding so much of the collapse of Corinthian Colleges, ITT Tech, Education Management Corporation, Career Education Corporation schools, Apollo Group, ECA, Laureate Education, and so many others. Zovio is on trial in... — read more
New CEO
https://seekingalpha.com/news/3776220-edtech-firm-zovio-hires-new-ceo
Failing to Provide Accurate Reports to California Consumer Agency. Dwindling Faculty Numbers
In addition to its dwindling cash, falling share price, no CEO, and high-profile lawsuits, Zovio has at least two more problems. (1) Zovio-Ashford-UAGC has failed to provide accurate reports to California BPPE. The 2018 report was not good; it... — read more
Targeting servicemembers with unbelievable claims
"The University of Arizona Global Campus appreciates the sacrifice you made for your country and takes pride in helping you create your future. We provide military tuition grants, dedicated military advisors seven days a week, and flexible schedules... — read more
Transparency about unmanageable student loan debt
Imagine what the numbers for UAGC (aka Ashford University) must look like now. These data are from 2014. https://www.highereducationinquirer.org/2021/11/more-transparency-about-student-debt.html
California Opens Fraud Trial Against College Now Owned by Arizona
"California’s attorney general this week began presenting evidence in his office’s long-awaited fraud trial against for-profit Ashford University. In the case, filed in 2017, the state alleges that Ashford engaged in unfair and fraudulent business... — read more
Any word on the California AG Case?
Nothing in the media. This case has been dragging out since 2017. ... — read more
If you're in Denver...
Guild Education should be hiring.
Pomerantz Law Firm Investigates Claims On Behalf of Investors of Zovio Inc.
"The investigation concerns whether Zovio and certain of its officers and/or directors have engaged in securities fraud or other unlawful business... — read more
Results of 3rd Quarter: Revenues down 33%, $5 million loss, 67% loss of cash on hand
If you missed the Q3 earnings call, you didn't miss much. Zovio continues to be in financial trouble--and the Ashford rebrand hasn't made a difference. Share price is close to at all-time low. This is not the end, but it's not good. ... — read more