Treatment Abuse, Behavior Modification, Thought Reform > The Ridge Creek School / Hidden Lake Academy
CURRENT HLA PARENTS PLEASE READ
RobertBruce:
Mean while the Buch continues to play his fiddle.
Anonymous:
Can someone explain the exact financial math that lets this place still be open?
FLCLcowdude:
Someone gets it in the ass, then len gets money.
That is exactly how it works ::puke::
Troll Control:
--- Quote from: ""Milk Gargling Death Penalty"" ---Can someone explain the exact financial math that lets this place still be open?
--- End quote ---
Right now they're riding a bubble of cash from prepaid tuiton. It won't last long and only delays the inevetable. Not to mention that the parents will demand a total refund of prepaid tuition pretty soon, but the money will already be spent.
Anonymous:
actually, that bundle of cash from the prepaid tuition was spent on the mosaleum (sp!!)...it is ALL gone...and so is the chapel fund and any other bread and butter money that they would have had to cover monthly bills...they are riding on whatever they get in each month which is less than 400,000...and with all the expenses...not including salaries...that doens't even BEGIN to cover it...
they ask each and every day what the deposit is and how quickly they can get it in the bank to try to cover some of the checks that are written...they max out the credit cards by paying off whatever they can with them...
so smart business would say that when someone pays up front they put that money in a fund that they would draw from each month for tuition and that if the student were withdrawn they would easily be able to draw from for the refund...WELL they aren't smart and like i said before he spent every penny of it on the "new" building...every week, when the construction company would come in they would have to cut another 100,000 check and that was for MONTHS!!!
he just stressed it every week!!! it was almost funny if it wern't so very very sad!!!
THAT IS WHY NO ONE IS ABLE TO GET REFUNDS RIGHT NOW!!
cause he just wasn't smart...and he can't blame that on Bill Gray which i know drives him nuts...but in the end...none of this is Len's fault...he is perfection (in his eyes)
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