It's a done deal. CCI will be filing Chapter 7 BK in Feb. 2015 at the latest as it is out of cash. CCI isn't paying the bills and is looking at LOTS of lawsuits such as unlawful detainer, etc. The suppliers haven't been getting paid and are about to rush to court. If the ECMC deal doesn't close in time then ALL of CCI gets liquidated WITHOUT ANY TEACH OUTS.
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044, I don't think the issue of BK is a joke to anybody. I am not an expert in finance or federal investigations/lawsuits, but I believe the OP has offered a scenario worthy of consideration. BK is a real possibility although the terms and timing will be withheld from employees until the boat is past the point of salvage. And 086 makes the pivotal point: the deal is a (suspect) handshake, take it or leave it arrangement, and there is no ink on the contract. Suppliers aren't being paid, and employees would do well to make sure their paychecks don't bounce before reporting to work after payday.
Jackass
@ 057, was the security company Guardsmark? We had them for our campus security and then without notice Securitas were patroling our campus. No announcement was made prior. I guess we should be thankful we still have at least 1 security guard on campus. Although with GM we had no less than 3 guards on duty per shift.
Reality check. The campuses have not YET been sold.
Attention. CCI sold campuses not the company itself. Some of them. The company CCI still exists whether the sale goes through with ECMC. so CCI is still in financial trouble. Bankruptcy is still a possibility.
Estimated income stream: Viable seats sold count, loans in reasonable standing, less graduation rate and plus new admissions (20% discount rate not yet applied). Estimated liabilities: bad debt at end of winter term, State AG win/loss scenarios, class action lawsuit scenarios, potential loss of accreditation due to noncompliance, fixed costs of employees and benefits.
The fact that CCI has cashflow and supplier issues hardly qualifies as a revelation. OP is simple stirring the pot. No value added.
It's ok OP, don't you pay no nevermind to these mean people making fun of you, they just don't understand you, but I do. You are a special snowflake, unique and beautiful! Porn surfer or not, I support you and am here for you!
To those who don't believe that there is a cash problem: lol
When a security company has to take you to court for payment then that says a lot (if not all)
What kind of porn do you think he surfs for?
OK, you got the attention you wanted. Assuming you are not the CFO, you have no more credible info than the rest of us. Go back to surfing porn.
Seriously dude! Are you having fun? Is this a joke to you? I have been reading your bullshit posts in other threads and all you seem to be doing is trying to spread fear. Grow up punkass.