Ann: Voluntary Administration, page-6

I had $200k invested in this and sold out to buy ASH. I am down $50k on ASH and was kicking myself. I feel for current shareholders as I thought it was on the road to recovery.

All may not be lost. There current business can be sold no doubt for a decent price, there also should be earnout amounts due. Subject to class actions (good lucky to them), there may be money left in the kitty. Then again the liquidator will ikely take a fair slice of the pie.

This will send shock waves to all VET providers. ACO for example have been asked to pay back $100m so good bye to them.

I suspect this will spur Government to radically change how VET is managed in the private sector. I suspect ASH will be smashed this morning.