According to the latest filing, the GROSS revenue for 3 months was $112,551. If they're getting $45k/student, that means they're running 2.5 students every 3 months, which means that if they have 30 students, the average time is 36 months/student. (Assuming that students are their SOLE income source)
Bottom line, it doesn't matter if they have 5 students completing the course in 6 months on average or 30 students in 36 months on average, they're still LOSING MONEY operationally and selling shares to cover the operating losses and keep the doors open.
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