Actually, the never turn a profit and having a debt isn't what I consider such a bad sign. What I see as the bad sign is the history of misrepresenting the true status of the company in order to sell shares along with the massive dilution.
One of the primary means of luring in new suckers is to change management. QASP has a history of doing that, and yet as time goes on we find out that they're all the same.
I don't believe for a second that they have enough students and revenue to pay expenses. If they did, they would TELL us how many students and let us do the math. Instead, they let their minions work the rumors and unsubstantiated claims on the message boards.
And another MAJOR item here is the preferred A's that could convert into over 9 trillion trillion shares. Talk about common shares being worthless...
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