Total cash = $28,033,000, and total current assets = $196,509,000. So CCi needs to pay $362 Million in bills (current liabilities) with $197 Million in total current assets, including the $28 Million in cash. How is this going to work, even if there was no disruption in cash flow? Remind me about the direction of the student population. Seems like that keeps going down, down, down. How long does everyone need to work for free to clean this mess up? Look like CCi needs closer to $150 Million.
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Did you notice the treasury stock is about twice the market capitalization? CRAZY!
They aren't going to sale shit. If anyone wants to buy Heald or Wyotech, they will buy it in a government ran liquidation. The market value of CCI is just over $30 million....just wait until it is placed in receivership.
So CCi is going to sell all its good schools? Then what?
A trip planned paid and scheduled to meet, then a total pull out! Since when does anyone care about dirty money!!
Someone offered to buy WyoTech for CASH last month but the ELT decided it wasn't enough $$
Seriously??something better than nothing! Doesn't the boy with QuickStart have connections with Iraq? How about a loan from his royal family?
There is about $200 Million in goodwill still on the balance sheet related to Heald. I doubt that under a "fire sale" that CCi will get that back.
Heald College will probably be put up for sale (if it isn't already).