Timeline

I can't disclose exact things nor do I proactively reach out to people about it. From what people told me the numbers aren't good. They removed all their highest paid employees and pay very low now. They fired the most expensive people and hired people in their place and paid them a lot less for the same job. Codesmith is $22,500 so if you have 10 people every 8 weeks, thats $225,000 or about $100,000 a month. Their staff right now: 1 instructor: $10,000 (they are paid a lot less now) 3 mentors/combined fellow: $30,000 (fellow is multiple people part time) 1 coordinator: $6,000 1 admissions: $6,000 1 outcomes: $6,000 Marketing/Career Support: $6,000 Overhead = 20% $13,000 Total: is like $80,000 or so? I think this is why they are clinging to life, they convince loyal alumni to work for a fraction of what they should be paid... like those MLMs that run off of the labor…