Agree with you 100%
After ASQA failed to renew their RTO, their already loss making Aust business suffered low enrolments because of the doubt over their continuity of business. (they were allowed to operate pending the court outcome). After they lost that court case, although nothing was said, it appears they were allowed to continue operating until the appeal was heard. As you say this was going nowhere and burning cash + legal fees.
This company is really a property play now, I hope they can finalise the Clark sale as quickly as they sold their Australian assets. Of course Clark is worth a whole lot more.
Ann: Asset Sale Agreement, page-6
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