"On January 9, 2013, we completed the sale of the four Everest schools located in San Francisco, CA, San Jose, CA, Hayward, CA, and Los Angeles, CA to BioHealth College, Inc. The Company paid $2.3 million which consists of negative purchase price of $1.5 million and negative working capital of $0.8 million." Yes, that's right, CCi brings cash to the table to pay to get rid of its trash. I suspect that the reason CCi has not "sold" more schools is because it does not have enough cash.
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It might not produce cash, but at least some of the folks there might still have jobs. Still depressing, though. It's just a big downward spiral, ain't it?