Good point. I'm not sure anyone will have an answer for you though because a target of 15 obviously has Board approval so maybe they're aware of the lack of capability of the company to achieve more even though the potential market is thousands of students ??
As i mentioned in previous posts, the corporate and online numbers grow because they buy large existing franchisees like the Belconnen centre they mentioned in their report. Therefore corporate numbers spike, children get transferred from face to face to online, hence online numbers grow and therefore, revenue grows. There is no new growth in this strategy so when the existing students leave, a target of 15 students per week is hardly going to maintain a positive trajectory. Go figure!
Ann: Appointment of CTO & Online Lesson Update, page-17
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