If they don't work out they don't. I loose my capital, no big deal, its part of a diversified portfolio.
All investing is a risk.
Yes I first bought at 98c based on information that was available at the time. Dollar averaged around 50c, dollar averaged seriously around 19c, offloaded good proportion when it hit around 30c. (because the position was becoming to big vs potential risk)
People looking at the $3m EBITDA, must understand the short term damage to earnings that has occurred.
Branding has been effected, there are a couple of thousand of PO'ed students who had their courses/certificates cancelled. Of course this has a fall out. But will people remember this in two years time/3 years time. We are not talking about Melbourne University courses here.
Is it a permanent fall out?
If it is, kaput, no more VET.
If its not, at current market levels, its FUTURE profit stream against market pricing is very attractive.
So play it with a probability matrix. With a % that you will loose nearly everything and % that you will make very good returns if this thing turns around.
Do you think a debt collection agency collects on EVERY debt. No. They play the odds, some work, some don't.
Just don't over expose yourself to an individual small cap stock (especially one without a long historical track record).
As I said, I am happy, lets see how this plays out.
Again happy for the suspension. They can keep this suspended for as long as they like. Longer the better for me.
People can opinionate as much as they like now on hotcopper. It wont have an effect on share pricing.
VET Price at posting:
25.0¢ Sentiment: None Disclosure: Held
