Like you all I was concerned about this enquiry so I gave Rob...

Like you all I was concerned about this enquiry so I gave Rob (Ceo) a text, which I wasn't expecting a reply or anything, but he was kind enough to ring me and explain the situation, which for me speaks volumes (that he cares for the shareholder) considering no comment was made to the press regarding this situation. I think you all deserve to know what I was told considering you are all shareholders so I share what was told to me. (also reason why trade halt was not necessary.)

I asked if this was a serious look by the Serious Fraud Office or part of due diligence. His reply was that every enquiry is serious, but did emphasize this is an enquiry and not an investigation. He detailed that this enquiry is about the enrolments relating to Quantum.

He has assured me that they have been making a lot of changes since they took over and that he does not think they have done anything wrong while it has been in their hands, but that its more a burden that they have to comply with all the different enquiries. If any problems are concerned it would likely be related to the past owners.

I've been told that Quantum is run separate from the other schools just like the rest are, as much as they are a group, all schools are independent and have their own funding set ups. As in a past post I did a scenario that if we ruled Quantum out of the equation, then IQE is still worth a good amount more than the current share price.