I am taking from their report is that they are negative $48m....

I am taking from their report is that they are negative $48m. Their domestic student numbers have almost halved. The only light at the end of the tunnel here is their Australia business which looks strong going forward. The CEO keeps passing the buck and blaming everyone else. This is not the behaviour of a good CEO. He has had 21 months to turn the business around. I think the problem is here is the new guy wanted to flex his/they're muscles by changing the engine of a car which was winning...and gaining year on year...We shall wait and see what will happen...very entertaining.