Guess the shareholders were not amused by news of the "transition" news. Paying for the transition, a $103 million loan at 15 percent annually, sounds like a company that has issues. I know I thought Zovio had found a free market patsy, as Kaplan did with Purdue University and MD.
https://collegemeltdown.blogspot.com/2019/11/ashford-university-suitor-joining.html
https://collegemeltdown.blogspot.com/2019/12/the-higher-education-assembly-line.html