Thread regarding National American University layoffs

NAUH bailed out by the FEDS, but is it enough?

$3 million PPP/SBA/CARES Act loan under, $2.5 million that they don't expect to repay (p.45)

$4.4 million tax break from the CARES Act (p. 41)

Reduction in the Letter of Credit (LOC) that they had to hold in reserve for the Department of Education, from $7.3 million to $4.8 million (p. 37)

https://backend.otcmarkets.com/otcapi/company/financial-report/256819/content

by
| 871 views | | 2 replies (last June 20, 2021) | Reply
Post ID: @OP+16VuBCaz

2 replies (most recent on top)

Add another $207K under the 2021 American Rescue Plan.

by
| | Reply
Post ID: @4wctr+16VuBCaz

Bailout, indeed. Ironically, NAU laid off a bunch of people after getting cares act money that was meant to keep people employed. The COO has commented on multiple occasions, "COVID was a good thing for us."

by
| | Reply
Post ID: @4cjlc+16VuBCaz

Post a reply

: