According to the Wall Street journal "During a hearing Friday, Heald disputed that there was no buyer for its schools and said it provided the commission with nonpublic information about the status of its sale."
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I watched the meeting and 187 is correct. two things though: did the envelope contain a buyer's offer or merely a list of those interested? And why would you ask a public employee in a public meeting to open a nonpublic document? The Heald attorney obviously knew it couldn't be opened.
I was at the meeting. It was said there are NO buyers.
Where do people make this stuff up from?
Yes. The attorney pulled out a folder with all of the details for the upcoming sail, but the CSAC staff refused to look at it since they'd have to sign non-disclosure agreements under SEC regs.
There's a buyer...that's never been the issue. The problem is whether the sale can be concluded before CCi runs out money and time.