Any other thoughts on why it is taking them so long to get this report out. It isn't rocket science, they lost money....again.
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The EDMC Earnings Call will also say that after the KKR deal, that stockholder interest has been diluted to almost nothing. Goldman Sachs and Providence Equity are well aware of this situation, given that they have people on the Board, but minority stockholders such as Ontario Teachers Pension Program (OTPP) have not been officially told. I have contacted OTPP via email and telephone, but they have no obligation to answer. The contact person Deborah Allan, Vice-President of Communications and Media Relations. Her phone number is (416) 730-5347 or toll Free: 1 (877) 812-7989 x 5347. Ms. Allen's e-mail is deborah_allan@otpp.com.................http://www.otpp.com/contact-us
Or the VA cuts off the for profits on their own.
They need to tell them as soon as Congress and DOE change the 90/10 rule the company will be shutdown as it will lose its access to federal money.
And one additional day, or September 16, to file the NT 10-K.
Anonymous35488
the shareholders wait for this report and then have the earnings call. some of the questions and answers on the call, make you wonder if they even read the full earnings report... but the overall report is going to show yet again the company has lost money and lots of it / still no progress. they've been holding out hope and at some point its going to get to a breaking a point, you can only lose so much money before you cut your loses and get the hell out and take what you can get and sell off so you can at least have some money for the shares you own / people own multiple shares so they are not doing crazy research on edmc everyday, when the report comes out, then the news comes out / also if you read the last report there were a lot more problems than just the company losing money that they will need speak about, lawsuits, accreditation, investigations, things that can impact the value of the company should be disclosed to the shareholders/ The risks that earnings reports spoke about within the fiscal year will spoken of, so the shareholders can make a "valued decision"...
What could be going on?
According to SEC rules they have 75 days from the end of the FY to file a 10-K. This would put the deadline at Sept. 15. Still, something seems very fishy about all this.
@Anonymous35335, that's an estimate.
www.nasdaq.com/earnings/report/edmc
Did you see this?