Business with fantastic leverage, page-31

Little T

SIT announcement said that during 2016 they enrolled less than 26 students.
And according to your post, they told you that SIT is getting 1.5M a month from VET sector.

Did you bul...t everybody on forum or was SIT bull ...t ing you?

That would be 2 students a month paying $750K for a 6 /9 months diploma.

For months I was suspecting that Productivity Partners like many other RTO's were under microscope of Government bodies like ASQA and/or ACCC, but SIT never mentioned it as this could drive SP down very quickly.

If I am correct, this kind of investigations goes for months which raise a question:
Was there ASQA/ASIC investigation in Q2/Q3 of 2016, if yes why market wasn't informed?


12 months after 2015 and no 35M payment, Productivity Partners not allowed to enrol student (VET FEE licence cancelled).

And they say it's all to do with new 2017 rules in VET sector? What that has to do with outstanding payment for 2015?


Previous owners of Productivity Partners, Enovium and Wild Gees sold their business and accepted 2/3 of value in shares @ $0.35.

I wonder if any of them sold any holdings 6 months ago when SIT was trading in mid $0.20 or/and were aware of the Government actions.

I say, 2017 is the year when question need to be put to ASIC and ask to investigate whether any ASIC/ASQA investigation should be announced to the market months ago as price sensitive.