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I dont know why they dont just auction the Clark asset off.A...

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14/12/20

20:27

Post #: 49570998
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Originally posted by Red Baron: ↑

The Domestic part of their business has been losing money for quite some time. Most courses are short & they may be allowed to finish those?
It's the International business that's expanding and making money. Maybe they can sell the domestic business eg to another reputable operator.

Many invested in this stock are there for the valuable Clark asset, it is worth multiples of their present market cap. EGP as a substantial holder invested for this reason & supported their last placement. They've known this decision could go against them for some time, Vern is a major shareholder, I'd suggest he's had plenty of time to plan for this eventuality. They certainly don't give out much information in their announcements.

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I dont know why they dont just auction the Clark asset off.
A loss making education business that is already undercapitalised isnt the logical developer of the property in my mind. I feel there is value there but management dont appear focused on uncovering the value for shareholders. Maybe in a perverse way the court loss will force their hand with the property and this will actually be good for shareholders.

SIT Price at posting: 2.0¢ Sentiment: None Disclosure: Held
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Last 0.3¢		Change 0.001(20.0%)		Mkt cap ! $7.807M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$1.25K	600K

Buyers (Bids)

No.	Vol.	Price($)
9	15324576	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	23606154	12

View Market Depth

No.	Vol.	Price($)
9	15324576	0.002
16	45930818	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	23606154	12
0.004	13540832	6
0.005	5893333	5
0.006	663333	3
0.007	3246667	3

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