Zovio = colossal failure

[Johann]

They could do a reverse split which would get the share price above $1 per share.

They also have to keep paying the listing fees which will start to add up for a company that has a market cap of only $25 million.

Other NASDAQ requirements, they need to have at least 1 million in earnings or have a 30 million market cap which is likely they are below that as well.

So can list on the pink sheets/otc exchange.

(1) Reverse split? If they did, how long do you think this outfit could tread water until they sank below the $1 waterline again? 
(2) Sure - pink sheets were my first thought - but the article mentioned another portion of the Nasdaq market. Here's that:

"If the company is unable to raise its share price, it can apply for listing on another exchange, the Nasdaq Capital Market. It would have to meet listing requirements. Nasdaq describes the Capital Market as being for companies that seek to raise capital, whereas it says Zovio’s current home, the Global Select Market, “has the highest initial listing standards of any exchange in the world.”

My take - At some point in the not-too-far-off future, U of Arizona will end up spending millions of dollars to divest itself completely of this albatross and then heave a sigh of relief. Hopefully, the Global Campus will then be run by an entity that has more chance of success. Looks like a great concept, not well-run in this instance.

It's like a nightmare used-car deal. U. of Arizona bought somebody else's problems: Ashford U. which had already been seriously problematic, to the tune of $22.4 million in court penalties, for the seller - Zovio.