Business with fantastic leverage, page-25

That is correct. The Government was clear this week;

1 All RTO's must apply again.
2 Fees dictated by regulators
3 Diplomas must be connected to demands in the industry
4 Applications approved upon past record (no room for those under ASQA/ACCC microscope)
5 No more agents, (they contributed to 90% of students for every RTO) - 90% of income !!!!

This sector is now dead and buried in terms of highway robbery of taxpayer money.

Now, reading past reports for acquisitions of RTO's like Productivity Partners or Innovium who's payments were 2/3 in shares and I think now out of escrow, I am sure they will look to offload their shares since "golden VET FEE egg" is gone and not a hope for income from dividends.

Is not only SIT, I think every education stock who's largest income came from Vet sector is no longer attractive.

Everyone is hoping that receiving outstanding payment from DET will boost SIT shares, so with good PR, smart money will have opportunity to offload their holdings.

Regardless, I think SIT should come clean with shareholders and provide reasons why payment from DET is not in their bank.