Ongoing subscription Revenues, page-41

Good points re: partnerships. Have watched VPC since the initial days. Lot of assumptions that these 'partnerships' can actually sell online training in isolation, assume the fact nothing has been heard again on a lot of those names you list means either nothing has progressed or its insignificant $$.

The challenge with pure online is its not sticky unless the courses content is blended with face-to-face elements or amazing content. VPC will struggle if the course content is average and that is out of their control. Course content that is great also can take months or years to create thus slowing their growth potential. There future success will be determined by the vision and it seems at present to be chopping and changing to chase revenue (which is understandable but not good long-term).

Like most you always watch stocks like this hoping the best for them and the holders but intuitively thinking I can't see this will work (what am I missing). Not sure how they will get themselves out of this to be honest but hope they do for holders sake.