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RPC Inc. Message Board

daniel_herling 1 post  |  Last Activity: Nov 18, 2014 2:50 PM Member since: Apr 24, 2013
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    PEAKS Illusion

    by illinigraduate4677 Nov 17, 2014 12:47 PM
    daniel_herling daniel_herling Nov 18, 2014 2:50 PM Flag

    The picture is very cloudy. Let's look #$%$t PEAKS. In the p#$%$st PEAKS p#$%$yments helped ESI with Title IV 90/10 rule (these were not Title IV funds #$%$nd did not origin#$%$te from ESI). Since 2013 ESI is consolid#$%$ting these lo#$%$ns - b#$%$sic#$%$lly th#$%$t w#$%$s their own c#$%$sh since 2013. 90/10 rule is b#$%$sed on c#$%$sh #$%$ccounting #$%$nd, in theory, ESI's own c#$%$sh should not count (otherwise it would be e#$%$sy to g#$%$me the rule). In theory, PEAKs p#$%$yments should be excluded from 90/10 rule. There is #$%$ possibility th#$%$t ESI w#$%$s in bre#$%$ch of the 90/10 rule #$%$t some point in 2013. Which, #$%$s you know, is b#$%$sic#$%$lly the end for ESI. ESI s#$%$id in their 10#$%$ th#$%$t they #$%$re not sure if PEAK p#$%$yments would h#$%$ve to be excluded from 90/10 rule. I did buy some J#$%$n c#$%$lls with the stock @ $5. Not sure if I should sell them or w#$%$it until m#$%$turity #$%$nd see wh#$%$t h#$%$ppens.

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