The sooner this Dog is put to rest the better, what a complete shambles. PS-On a % basis, my biggest loss making company ever(Only covered the brokerage cost) fortunately I only had a smallish holding.
The sooner this Dog is put to rest the better, what a complete shambles. PS-On a % basis, my biggest loss making company ever(Only covered the brokerage cost) fortunately I only had a smallish holding.
Good that the students and staff haven't been affected and I hope someone sues the directors, although exactly what might be actionable I can't say because sadly, gross incompetence is not an actionable matter.
Last edited by Beagle; 16-06-2017 at 04:17 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Now owned by ACG Education which is owned by Pacific Equity Partners whose head office is in Sydney. Don't know if PEP is entirely Aust. owned but with head office in Sydney wouldn't be surprised. Has anybody started a class action for losses - should stand a good chance of success.
Aust companies were trading under names of Conwal and Associates Pty Ltd. and Online Courses Australia. When you read why Aust. Gov. cancelled their registration as providers of VET you can see what was going on. Anybody can read it on www.asqa.gov.au . Think class action could well succeed.
Could be a lot of fun.?
Think KW and mates are there already?
Am new to this. How do I track KW. I think a variety of Governance statements by the Board and management are so at odds with what ASQA found that nobody in their right mind would have bought shares had they known what was going on. Intueri has professional liability insurance I understand which should cover a significant figure.
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Originally Posted by winner69
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