VOCATION VERY LIMITED

VET was grossly overvalued at the IPO, then on hype alone got close to 1B..

Yet looking at the businesses that were first aggregated, they were just SMB hardly reaching the 10M T/O for some, with no assets and should one have read beyond the IPO B/S business owners that were at most adequate for the business they were running at the time. Not one fit for an ASX sanctioned company.

Bring in a flashy CEO, fee hungry banks, deregulation, some very questionable dealings with the Education Department, a token high profile CM and the SP goes ballistic.

Original IPO shareholders got their multiples and cashed out at the first whiff of trouble ( look at BAWM etc..), the only original shareholder with an asset base, real management goodwill was disposed ( now trying to get back in hallelujah..) and from August onward the market was fed a fairly tale.

The trading halt was the only option for this business, which probably will be either sold out and at the very least scope down with a different management team.

No need for small shareholder like us to vent against each other.. There will be SP up/down in the next few weeks to allow us to trade up but long term VET will be remembered for what it was from the start a vehicle for some to make easy $$ on the back of credulous investors.

I personally will lick my wounds and hope for a rebound and/or join the class action for I believe that the last thing the original shareholders want is real scrutiny over some of the deals that were made prior and in the first 6 months of trade.

I have sadly filed this particular trade under the following moniker.. Vocation VERY LIMITED..