Topics regarding layoffs at National American University

Topics regarding layoffs at National American University

Still hobbling along.

$70,000 in cash. Still underwater. "Company management has also continued its efforts to reduce expenses, as possible, and to negotiate other obligations with the intention of reducing the working capital deficit and improving cash flows from... — read more 

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Post ID: @OP+1skYpoL1

NAUH has no cash

Please ignore the sensitive content warning. https://www.highereducationinquirer.org/2023/10/national-american-university-has-no-cash.html

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Post ID: @OP+1pcjBtHC

More losses

Still underwater and with more losses--and no cash. At what point do the doors close? "As of August 31, 2023, the Company had approximately $0.0 million of unrestricted cash and cash equivalents, a working capital deficit of approximately $4.8... — read more 

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| 410 views | | 1 reply (October 20)
Post ID: @OP+1pbxaHu2

Q1 Report

Assets-$5,867,000 Liabilities-$13,793,000 Cash-$643,000 Q3 Operating Loss-$690,000 Net Loss-$685,000 "Company management has also continued its efforts to reduce expenses, as possible, and to sell certain assets, and to negotiate settlements on... — read more 

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Post ID: @OP+1jLTGM6P

Annual Report

It was a good thing that NAUH got a $3 million PPP "loan." And that ED reduced the Letter of Credit to $2 million. Assets $6.1 million (p. 25) Liabilities $13.3 million Cash $1 million Not paying all the bills (p. 44)... — read more 

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| 540 views | | 2 replies (last October 11, 2022)
Post ID: @OP+1ivXHrxm

NAUH Quarterly Report

Big-time underwater with little cash left. Q Operating Loss: $2,992,000 Cash left: $48,000 Assets: $8,169,000 Liabilities: $15,026,000 Stock Holders Deficit: $6,857,000 https://www.otcmarkets.com/otcapi/company/financial-report/327316/content — read more 

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| 738 views | | 1 reply (April 23, 2022)
Post ID: @OP+1gnRBGdz

Illegal Bait-and-Switch?

"Poor leads, they generally come from indeed ads and the leads aren't interested...." https://www.glassdoor.com/Reviews/National-American-University-Reviews-E102235.htm

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| 656 views | | no replies yet
Post ID: @OP+1ebgtiwK

More losses

Revenues drop from $24.4 million in 2020 to $15.5 million in 2021. Operating loss of $5.4 million. Total assets $23.9 million. Total liabilities $37.1 million. https://sec.report/otc/financial-report/299227

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| 685 views | | no replies yet
Post ID: @OP+1d3cz41D

Student X

Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html

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Post ID: @OP+17Tp4mMT

CEHE

The organization that holds $8.5 million in NAUH debt. https://en.wikipedia.org/wiki/Center_for_Excellence_in_Higher_Education

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| 735 views | | 2 replies (last September 10, 2020)
Post ID: @OP+16J8WzDC

How does NAUH stay in business?

Revenues down 31 percent from 2018 to 2019. Cash down to $1.3M. Financial composite score is 1.1. If it dips below 1.0, the Department of Education creates more requirements. Full-time faculty down to 19. Gravely lawsuit (USA v. NAUH) still in... — read more 

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| 1007 views | | 2 replies (last November 27, 2019)
Post ID: @OP+12c6HETg

NAU lender downsizing

"The Center for Excellence in Higher Education, a for-profit college chain based in Salt Lake City, is halting enrollment of new students at physical locations as it looks to shift to mostly online... — read more 

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| 716 views | | no replies yet
Post ID: @OP+110d8Gp8

Slipping under the radar...

No shareholders. No campuses to speak of. A former campus on Rapid City renovated as a place for homeless outreach. Two major lawsuits. Heightened Cash Monitoring. A bailout from another questionable organization. A CFO who has been on other... — read more 

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| 1015 views | | 2 replies (last July 2, 2019)
Post ID: @OP+ZQqwYYA

Student lawsuit

College gave KC-area students ‘worthless’ course credits, ‘crippling debt,’ suit says https://www.kansascity.com/news/local/article231227038.html#storylink=cpy Missouri students suing Rapid City-based National American University for false claims... — read more 

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| 816 views | | 1 reply (June 8, 2019)
Post ID: @OP+Zs4FM6R

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