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

$16K in cash, $7.5M in assets, $9.2M in liabilities

Is NAUH paying its bills? $124K operating loss. How long can this go on? "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... — read more 

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| 432 views | | no replies yet
Post ID: @OP+1qGw7jGB

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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| 430 views | | 1 reply (October 20, 2023)
Post ID: @OP+1pbxaHu2

Cash down to $120K

https://www.otcmarkets.com/otcapi/company/financial-report/365465/content

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| 465 views | | no replies yet
Post ID: @OP+1mfO4bDi

Zombie College Crash

What is keeping this zombie from falling?

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| 553 views | | no replies yet
Post ID: @OP+1kaP0YsV

Teach out plan?

NAU is on its last legs. So is there a teach out plan?

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| 527 views | | no replies yet
Post ID: @OP+1jOhFMCo

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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| 560 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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| 762 views | | 1 reply (April 23, 2022)
Post ID: @OP+1gnRBGdz

National American University is a Zombie College

Assets: $8.2 million Liabilities: $15.9 million Operating Loss: $2.8 million Cash: $393 thousand https://www.otcmarkets.com/otcapi/company/financial-report/317599/content

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| 656 views | | 1 reply (February 20, 2022)
Post ID: @OP+1ffLvLBf

What's left?

Doesn't look like much. https://sec.report/otc/company/NAUH

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| 716 views | | 4 replies (last February 11, 2022)
Post ID: @OP+1eXN2US8

Quarterly Report?

The Quarterly Report for the period ending November 30, 2021 should be coming out soon. https://sec.report/Ticker/NAUH

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| 583 views | | 1 reply (January 27, 2022)
Post ID: @OP+1eJ7z0aC

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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| 671 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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| 700 views | | no replies yet
Post ID: @OP+1d3cz41D

How does NAUH stay in business?

Total assets: $26.7 million Total liabilities: $37.5 million https://backend.otcmarkets.com/otcapi/company/financial-report/278528/content

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| 1145 views | | 1 reply (December 10, 2021)
Post ID: @OP+1bjrpRqo

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

NAUH bailed out by the FEDS, but is it enough?

$3 million PPP/SBA/CARES Act loan under, $2.5 million that they don't expect to repay (p.45) $4.4 million tax break from the CARES Act (p. 41) Reduction in the Letter of Credit (LOC) that they had to hold in reserve for the Department of... — read more 

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| 855 views | | 2 replies (last June 20, 2021)
Post ID: @OP+16VuBCaz

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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| 750 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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| 1030 views | | 2 replies (last November 27, 2019)
Post ID: @OP+12c6HETg

NAU board cut down to 3 members

Survivors... https://seekingalpha.com/pr/17650946-national-american-university-holdings-inc-announces-changes-board-directors

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| 751 views | | no replies yet
Post ID: @OP+11kQpXN9

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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| 730 views | | no replies yet
Post ID: @OP+110d8Gp8

Explain to me again...

How is National American University still operating? Does anyone actually work there, wherever there is?

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| 935 views | | no replies yet
Post ID: @OP+10bB0PCa

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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| 1035 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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| 830 views | | 1 reply (June 8, 2019)
Post ID: @OP+Zs4FM6R

Now completely under the radar...

TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT https://www.sec.gov/Archives/edgar/data/1399855/000165495419006997/nauh_15.htm

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| 670 views | | no replies yet
Post ID: @OP+Zqfq8p0

"National American Students Surprised by Closures"

"National American University, a for-profit college chain based in South Dakota, last year began shifting its focus to online education after several years of declining enrollment. But the company's winding down of its physical locations has taken... — read more 

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| 890 views | | 1 reply (May 30, 2019)
Post ID: @OP+ZeQD9Vx

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