This is what the Zovio balance sheet looked like before the deal: Assets: $85 million ($20 million cash) Liabilities: $79 million Loss Last Q: $4.7 million Shareholder Equity: $6 million (for 33 million shares) For those at UAGC, welcome to... — read more
What does this mean for workers and students? https://www.insidehighered.com/news/2022/08/01/arizona-global-campus-buys-assets-online-management-contractor
What is the true value of the Ashford degree?
Yet another bloodbath...
Results from WASC?
Hold your hats...
Does anyone who is NOT a media troll have any news or updates to share? Thanks
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
"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
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
Any word on the Earnings Call? The later the date, the more ZVO has to use creative accounting and damage control.
Fined $22 million. https://www.insidehighered.com/quicktakes/2022/03/08/lawsuit-against-ashford-university-and-zovio-prevails
"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
Zovio and Revature? What's next with the Amazing Randy? ... — read more
"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
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
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
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
"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
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
CHANDLER, Ariz., Sept. 13, 2021 /PRNewswire via COMTEX/ -- CHANDLER, Ariz., Sept. 13, 2021 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company that partners with higher education institutions and employers, announced Zovio... — read more
"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
"The investigation concerns whether Zovio and certain of its officers and/or directors have engaged in securities fraud or other unlawful business... — read more
So Zovio and UAGC are going to go down the same road as Kaplan Higher Education and Purdue University Global, selling a subprime school to working people as a "world-class" institution? The fraudulent claim is made at the 42 second mark. ... — read more
"The Louisiana Department of Education (LDOE) for at least three years manipulated qualification requirements for several New Orleans charter schools so that they would qualify for millions of dollars in federal grants, according to a former LDOE... — read more
https://seekingalpha.com/article/4442278-zovio-inc-zvo-ceo-george-pernsteiner-on-q2-2021-results-earnings-call-transcript "Sure a lot of the savings are in taking a look at the company and really eliminating administrative functions that are not... — read more
"Operating loss for the three months ended June 30, 2021 was $4.5 million, compared with operating income of $5.3 million for the three months ended June 30, 2020. Net loss for the three months ended June 30, 2021 was $4.0 million, compared with net... — read more
Is anybody here feeling bothered by the current business practices? If so, let me know. https://www.republicreport.org/2021/zovio-adds-board-members-as-deceptions-at-arizona-global-persist/
Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
Operating loss for the three months ended March 31, 2021 was $9.3 million, compared with operating loss of $10.5 million for the three months ended March 31, 2020. Net loss for the three months ended March 31, 2021 was $9.5 million, compared with... — read more
Piled high and Deep https://seekingalpha.com/article/4382354-zovio-inc-zvo-ceo-andrew-clark-on-q3-2020-results-earnings-call-transcript?part=single
It might not be good. Shares down 17 percent today.
Andrew Clark sent out an email saying: "Effective Immediately, I have terminated Greg Finkelstein and he is no longer employed at Zovio" Looks like they found a sacrificial lamb for the historically low stock price, although no one liked working... — read more