ECP just had an all-staff meeting. Some highlights: Quickstart has been purchased and will be announced in the next 30 days (I think we knew that already though) the buyer will be buying all other portions of CCI except Everest Canada. Students will now have the opportunity to take two classes instead of three per term. ECP ended the term with 3,234 students. I don't know if that includes online. There are no more planned furloughs, at least for ECP. The buyer intends to include SOCLE in its purchase. The October start for new students for ECP is still up in the air. Wish I had more concrete info.
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859 are you living under a rock? White collar criminals are going to prison more now than ever before. I believe the Feds may reach all the way down to the Directors level based upon my conversations with the FBI task force. It is nonsensical that whistlers blowers would be imprisoned for lack of loyalty as that is neither a crime nor a civil action. There are laws that protect us whistle blowers and I, for one, am proud of those of us who had the courage and integrity to step up. I am not trying to be mean but a posting like that really shows why Corinthian failed - lack of education. I hate to break it to you but not all of us are bitter, fired employees, some for us are just making certain that what we started is completed and not swept under the carpet. This sale means very little except that the Board will get their money as one other poster mentioned. You aren't getting any rewards like retroactive pay for the 10 percent reduction or the week furlough without pay. I think it's time you look at the facts and wake up and smell the coffee before you receive a very cold shower. Your loyalty is commendable albeit misguided. The one you should be loyal to is yourself and the students who trust and admire you.
859 are you living under a rock? White collar criminals are going to prison more now than ever before. I believe the Feds may reach all the way down to the Directors level based upon my conversations with the FBI task force. It is nonsensical that whistlers blowers would be imprisoned for lack of loyalty as that is neither a crime nor a civil action. There are laws that protect us whistle blowers and I, for one, am proud of those of us who had the courage and integrity to step up. I am not trying to be mean but a posting like that really shows why Corinthian failed - lack of education. I hate to break it to you but not all of us are bitter, fired employees, some for us are just making certain that what we started is completed and not swept under the carpet. This sale means very little except that the Board will get their money as one other poster mentioned. You aren't getting any rewards like retroactive pay for the 10 percent reduction or the week furlough without pay. I think it's time you look at the facts and wake up and smell the coffee before you receive a very cold shower. Your loyalty is commendable albeit misguided. The one you should be loyal to is yourself and the students who trust and admire you.
Hmmmm, why not add SEC to the list of folks who will be SOOL after bankruptcy. Nobody's worried about going to prison. That just doesn't happen anymore. Now, whistleblowers...they might go to prison for being disloyal to their corporate masters.
It's not insider trading, but it IS a serious securities crime. If it was announced to employees before the public, the SEC better not find out or they will slam the brakes on the deal. Management by name has been referenced on this site, along with potential buyers, by name. If you don't think that this site is inhabited by government informers who caused your current legal issues and who will go the SEC, think again.
Just because it was announced today that a deal was reached in principle isn't "insider trading". It's only insider trading if a person is proven to have profited by the sale or purchase before the deal is reached. There is more needed for the sale to be complete after the announcement of a deal reached in principle, like approval by the SEC, DOE, Barclays int'l, and accrediting bodies.
- Anyone with 3 brain cells knows that if you found out today's information on the deal reached in principle and went out tomorrow morning and bought a boat load of .10 stock, you'd be investigated by the SEC.
One of the Lead Registrars told me today that they were just ordered to schedule ALL students for the Fall term. This is something that they don't normally do until break week, which is next week. Why are they scheduling all students now? So Everest can pull title 4 funds ASAP. As long as they have students scheduled, they will be able to draw funds and keep the lights on and make payroll for the next payday (10/17). I feel like this is the end... finally.
wtf 706l,714,718, 721 trolls
OP again. 702, there WAS an ECP all staff meeting today. If you didn't attend the webinar, or you are EUO, it's logical that you didn't hear any of this. Doesn't mean it didn't happen.
I'm OP. Keep in mind, for all EUO people, this was an ECP meeting only. I can't speak for EUO beyond what we were told in the meeting.
Re: corroborate
There were the entire staffs of ECP on the ground and plenty of on-line faculty; not exactly top secret.
Yes, all will be sold - that's how it works - might be cents on the dollar or maybe a dollar out of chp 11. So grim, all sides DOE, bankers, and others, save CFPB don't want to be responsible from a PR stance. Jack is a great poker player - calling everybody's bluff now.
Wait till next week when the announcement is made.
Either the OP is also supplying his own "corroborating" comments or a lot of people are being duped by an obviously made up meeting with a made up announcement. An announcement likes this could never/would never be made to one group of reps weeks before going public. I'm in Colorado Springs, we heard of no whispers, rumors, meetings, or emails. If this were true a whole lot of people would go to prison for insider trading violations. The select ECP group that was given this info could go buy a ton of $0.10 stock knowing it would jump in a month after the real announcement. No way this is true.
Who's the buyer?
Not yet but close enough
Nothing signed yet right ??
Online currently has about 20,000 students. We heard similar news. Also, a loan was secured by Cci to help keep operations afloat until a sale comes through. Online is the most lucrative, and potentially lucrative resource, so it continues to be appealing to a buyer. ECMC is still interested in buying, still openly investigating and holding meetings. So. there things stand.....slightly positive news. Still hoping for a sale and things continue on from an academic stand point.
As if a big announcement is going to be made to one division of the company and then get leaked out on goony websites like this one. That isn't how it works.
EUO Tempe online here... I haven't heard a single thing about this.
I heard the term Online but I am at CSC so I don't and don't want to speculate for anyone sake
You believe Everest Online is included in the purchase? not just ECP Online?
I think online is included.
Thank you for the update. Much appreciated.
How will this impact Everest Online?
Can corroborate all of this.
Good info and I was informed the same at CSC/Socle.