"thats why I stayed away from it I cant understand how people...

"thats why I stayed away from it I cant understand how people ignored the basics and got involved in this allco and cnp".

Allco and Centro are slightly different beasts to ABC Learning. To have some idea that Centro and Allco were in trouble long before the market found out, an investor would have to have a good knowledge of complex accounting methods, particularly equity accounting in the case of Centro.

To know that ABC Learning was in trouble, you didn't even need to have an intimate knowledge of corporate accounting - you simply needed to understand the basic links between a company's cash flows, capital expenditures, profits and consequent returns on capital and equity.