Remington is the non profit that has offered to buy cci. The main issue, however, is government freeing them from cci old civil liabilities. Got this from high up outside source.
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Source is someone in US DoE. All bs aside, waiver from cci litigation is the main hold up.
Anonymous28311- I'm not 28269, but I my impression has been that Jack expects a magic turnaround. He's been blaming ATB for some time. When cash started going lower, he suggested it was just a timing issue, as if cash would be coming in just after the balance sheet day. If anything, I've seen marketing try to unify the Everest brand, no matter the special needs of a local market or campus.
Anonymous28297: And you would be dead wrong about leaks. Please read the following and educate yourself. I doubt you will come back and thank me but you are welcome.
http://dealbook.nytimes.com/2013/04/29/studying-the-dark-art-of-leaking-deal-talks/
Anonymous28269: Which if you have been following the 8-Ks and the meetings is what CCI has been trying since May when we asked Barclay to explore alternatives.
By 2012 it improved to -0.4.
http://chronicle.com/article/College/140495/
Remington's worst possible FY2011 financial score
Not happening. They'll NEVER leak a possible sale. They may have inquired but it won't happen. Sales of million/billion dollar businesses don't get leaks.
All of us still lose our jobs.
Poster 269 -- thanks for the article mention. It was very informative and explains a lot. If the speculation turns into fact, I don't know that I want to be involved in any way as an employee. I teach online and have to focus on doing the best for my students. I've always felt good about this until the last month. Anyway, I hear an announcement is imminent (next week), as least for the Heald sale.
Yeah, I am sure all the lawsuits will be dropped and the federal grand jury will be excused. But I am more confident in unicorns and Santa Claus.
This would be brilliant. Jack could keep his job. In addition, Gainful Employment and the 90/10 rule would no longer apply. Not much else would have to change. Here's an article by David Halperin that explains this strategy and mentions Remington College: http://www.huffingtonpost.com/davidhalperin/if-a-for-profit-college-b_b_2661788.html
If this is true, I'm skeptical about how good this is. Remington College used to a for-profit career college that went "non-profit." This most likely means that it no longer distributes profits to its owners; rather it increases the salaries of its leaders (who are probably the owners) and adopts the good-guy image of "non-profit." Here's a discussion of the school: http://www.degreeinfo.com/general-distance-learning-discussions/37432-remington-college-now-non-profit.html