no hysteriaobjective analysis but we're all entitled to...

no hysteria
objective analysis but we're all entitled to interpret results in our own way, that's what makes the market after all.
I begrudgingly liquidated my stock with emotions aside. I did not want to take the hit but I was overweight for my liking with all things considered... but we all have our own risk profiles.

I can appreciate that they added some direct sales to offset the loss but I won't predicate my investment on the back of 'ifs and buts' and analyse the co by saying 'if they didn't lose this and that...'

Fact is they lost ~$800k revenue from full curriculum ~32%.

Sure, it could have been worse had they not offset the losses with some contract wins but it sure as hell could have been better.

They said it was an isolated reseller event and that it will be recoverable but they also showed a graph depicting an extra 4000 VET students to what they later reported. They've also said there's essentially the same amount of full curriculum users as last year except a larger bias to the high margin direct yet their revenue reads $800k lower, so go figure. For now, it feels best for me to relieve some of the load and sit on the sidelines with no risk and step in once I see them align with the trajectory I was hoping they were on.

I was just trying sharing my findings in an otherwise quiet thread to promote some discussion with facts and different ideas but I'll keep it quiet(er) moving forward because I don't want to get into responses like your first sentence. You're entitled to your opinion though even if I think it's deluded and hopeful rather than the type of certainty I like in my stocks.

Good luck though, I hope that I have it wrong and that I can join you in the next 6 months or so on a good journey.