I have to say IMO today's announcement was the greatest crock of...

I have to say IMO today's announcement was the greatest crock of s!@t I have read in a while.

No substance at all, no doubt hoping to create some price support. Why do I hold this view? Because with 7 days to go until quarter end why wouldn't you wait until the quarter ended and then make an announcement that was accurate. No, they had to get something out today.

This is the same Co that 12 -18 months ago was saying it had a 2 million student pipeline at $10 per student per annum.

From what I can tell the per student per annum
royalty model doesn't seem to be how recent contracts have been negotiated.

With nearly 500 mill shares on issue it is going to take either a serious earnings increase or a ridiculous P/E for this to justify a price of even 20c.

e.g To trade at 20c it will require earnings of $1 mill and a P/E of 100.

Give it a more reasonable P/E of say 25 and it will require $4 mill in earnings to justify a 20c share price.

Yearly earnings of $4 mill from an estimated quarter of sales (not earnings) of approx $300,000 is a very long way off. Buyer beware on this one.