Topics regarding layoffs at National American University

Topics regarding layoffs at National American University

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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| 355 views | | 1 reply (October 20)
Post ID: @OP+1pbxaHu2

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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| 485 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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| 687 views | | 1 reply (April 23, 2022)
Post ID: @OP+1gnRBGdz

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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| 693 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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| 954 views | | 2 replies (last November 27, 2019)
Post ID: @OP+12c6HETg

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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| 958 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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| 766 views | | 1 reply (June 8, 2019)
Post ID: @OP+Zs4FM6R

India?

"The National American University, Delaware USA, during its recently concluded convocation ceremony held at the Raheja Classique Club in Mumbai honoured eminent personalities from various fields with Honorary Doctorates for their profound 'dedication... — read more 

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| 999 views | | 4 replies (last April 11, 2019)
Post ID: @OP+YvcvYNQ

DEREGISTRATION OF UNSOLD SECURITIES

"After filing this Post-Effective Amendment No. 1, and upon the effectiveness of the Company’s Form 25 on April 10, 2019 that was filed with the SEC on January 10, 2019, the Company intends to file a Form 15 to notify the SEC of the suspension of the... — read more 

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| 846 views | | 1 reply (April 2, 2019)
Post ID: @OP+YnxORKM

GlassDoor Reviews

From a Campus Director: "This company has changed so much in the last 5 years it isn’t even recognizable anymore. Top Administrative Leadership speak a good game but don’t walk the talk. Very few employees receive an annual 3% cost of living increase... — read more 

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| 745 views | | 1 reply (April 2, 2019)
Post ID: @OP+YnVFiKf

At least people are talking...

I have been providing information to NAU workers for years even as the company faces a financial collapse. Some workers, former workers, and students have been willing to speak off the record, but almost no one has posted anything, good or bad about... — read more 

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| 612 views | | 1 reply (March 29, 2019)
Post ID: @OP+Yj3Xszb

New CFO

Who would possibly jump into this dumpster fire? https://finance.yahoo.com/news/national-american-university-holdings-inc-130000334.html

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| 770 views | | 4 replies (last February 18, 2019)
Post ID: @OP+XGp2oAt

NAUH stock is worthless

Net tangible assets as of 11-30-2019 are -32K. The question now is can someone else come in and salvage the online operation? https://finance.yahoo.com/quote/NAUH/balance-sheet?p=NAUH

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| 533 views | | 1 reply (February 14, 2019)
Post ID: @OP+Xv90Zf4

CFO out? Cash Crunch.

For the six months ended November 30, 2018, cash used in operating activities was $3.9 million and unrestricted cash and cash equivalents decreased by $4.8 million from May 31, 2018. As a result, as of November 30, 2018, the Company had $0.5 million... — read more 

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| 670 views | | 5 replies (last January 30, 2019)
Post ID: @OP+Xg4bEsm

CEO is CFO?

Doesn't NAUH even have a backup for their CFO? https://www.sec.gov/Archives/edgar/data/1399855/000165495419000681/nauh_8k.htm

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| 577 views | | 2 replies (last January 30, 2019)
Post ID: @OP+Xm8dVSR

NAUH late filing

NAUH has filed another NT 10-Q for failing to make a timely report. How bad can it be? Has the Black Hills Community bank been informed? Are students aware that most of the campuses will have to close?... — read more 

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| 554 views | | 1 reply (January 16, 2019)
Post ID: @OP+X8SjQ4W

Dead cat bounce

NAUH shares sold for 22 cents today. The move to 25 cents is just a dead cat bounce. It's amazing that anyone is buying shares. What does this have to do with education? That's what happens when college is nothing more than a short-term investment.

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| 532 views | | 1 reply (January 1, 2019)
Post ID: @OP+WPIb39h

Share price above $1. What's the rumor?

The share price of NAUH went all the way up to $1.70 before going down a little later. This seems way to much for a "dead cat bounce." What's the rumor that would drive the price up so high? https://www.nasdaq.com/symbol/nauh

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| 706 views | | 5 replies (last November 8, 2018)
Post ID: @OP+VNXu16X

NAUH Earnings Call, October 11th at 11 am EST (SEC Report to Be Posted October 10th)

National American University Holdings, Inc. (NAUH) (the “Company”) (NASDAQ: NAUH), which through its wholly owned subsidiary operates National American University, a regionally accredited, proprietary, multi-location institution of higher learning... — read more 

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| 687 views | | 6 replies (last October 22, 2018)
Post ID: @OP+VwM8CYs

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