ITT-Tech may get letter from ACICS sometime in week of August 15th - 19th, based on what's happened in the past.
ACICS sent letter to ITT-Tech Educational on April 20, informing them about the show-cause directive that was issued as a result of April 8 ACICS Council meeting.
By April 21, the news was all over the place about this letter! ESI website posted SEC filing on April 21. Articles came out same day in Wall Street Journal and other newspapers.
Can we expect same time-table for the August 5th Council Meeting? That would mean ACICS sending out a letter to ITT-Tech headquarters on August 17th? If ACICS has decided on major action, they may need more time to prepare documents and work out deals.
But it's very possible news will be out by end of next week.