Business with fantastic leverage, page-21

They would not name Site as all Vet was done by Captain Cook College and partly Innovioum.

Many RTO's received their payments only those under question are waiting.

All parties involved by Government in investigations, are looking who enrolled into those colleges. How many students completed and how many did not started as their only goal was to get free laptop etc.

What tactics were used to enrol those students and what support was provided to help every student to complete their expensive diplomas.

Have those students being explained VET Fee loan? This is what sparked crackdown.

Let's look at Careers Australia. After ACCC investigation, it was found that around 12000 + students were not meeting criteria and Careers Australia refunded 142 million worth of collected Vet Fee amount to the government.

If Captain Cook College is under the investigation,the government bodies can also identified huge number of "not studying students" and say that only 1/4 were good and offer Site 10 million or even ask them for refund of certain amount collected in previous years.

This is a very serious matter and (as we know) put other RTO's out of business.

The danger I see for SIT is, that there is no longer income from VET sector (60% to total income) and what is their value based on remaining 40% . $0.05 per share ??????

The whole education sector is under Government microscope so time will tell what other surprises could surface in the future.