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0.2¢ site group international limited

Unsurprisingly, Site lost the appeal.

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friendlydwarves

3,404 Posts.

446

06/04/23

19:51

Post #: 67178509
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Originally posted by SteveSage: ↑

This will provide some context
https://www.accc.gov.au/media-release/court-finds-captain-cook-college-acted-unconscionably-and-misled-students#:~:text=The%20Federal%20Court%20has%20found,diploma%20courses%20following%20contested%20proceedings.

The ~$28m contract claim that Site has against he commonwealth for VET training seems highly unlikely to be awarded, and in fact based on what was in the above article, Site could face penalties in relation to their conduct (well conduct of their subsidiary and it seems their COO).

Probably a good thing that this is coming up now.....best to recapitalise once these historical issues are sorted else shareholders SPP funds may be used to pay for penalties as a result of activities and conduct 7-8 yrs ago

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Unsurprisingly, Site lost the appeal.

SIT Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $5.205M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$12.22K	6.11M

Buyers (Bids)

No.	Vol.	Price($)
3	5630000	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	21201629	11

View Market Depth

No.	Vol.	Price($)
3	5630000	0.002
18	49854317	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	21201629	11
0.004	13540832	6
0.005	6204870	6
0.006	663333	3
0.007	3246667	3

Last trade - 15.40pm 17/06/2024 (20 minute delay)


Last 0.2¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.2¢	0.2¢		0.2¢	1800000
Last updated 11.50am 17/06/2024 ?

SIT (ASX) Chart

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