You are right...

And at that time (when it was @1.40),

   many are bound to be arguing that it may go up some more

       because of great fundamentals...

           and, of course, also because of overall market confidence and optimism...

This also applies to many, many other blue chip counters.

    And many people are still a long, long way to their break-even point,

          let alone talk about making money from their 'long-term' investments...

So clever of u to dump this stock fast haha.

 Still got friends holding onto this stocks :(

iPunter      ( Date: 08-Jun-2010 22:27) Posted: Today's low is  .29 Since I dumped this counter @.38  (with a loss of 1c) about 3 months ago, I still have not bought it again... Imagine the amount of money I saved...

its position in Bangkok

Jo-Ann Huang

joannhuang@mediacorp.com.sg

SINGAPORE

Raffles Education’s chief executive officer Chew Hua Seng said in a statement yesterday that RBK was in talks with Thailand’s

Higher Education Commission (HEC) to meet these regulations, which were brought to its attention last November.

According to media reports, the HEC alleged that the school did not obtain permission to run its top-up degree programmes.

HEC also reportedly took legal action after a warning issued to RBK to cease operations last November was not heeded.

The institute conducts distance learning for a bachelor’s degree top-up programme from the Raffles College of Design and Commerce, which is based in Sydney.

RBK faces a fine of up to 500,000 baht ($20,400) and/or a jail sentence of up to one year, according to media reports.

Mr Chew explained that since 2001, RBK has been operating under a vocational licence as it is a design institute, and was told by the HEC last November to register as a university in order to continue its top-up degree programmes.

He said RBK’s premises lacks the amenities and land size required by Thai law governing universities, such as four acres of land, a canteen, a football field and other recreational facilities.

RBK promptly stopped accepting top-up degree students and held discussions with HEC to meet the land size and amenity requirements.

It also sourced for the land and explored potential collaborations with three Thai universities.

“The HEC’s disclosure of this issue to the media was unexpected as our dialogue with them is still ongoing. Moreover, RBK has, to-date, neither been served any writ nor fined by HEC,” said Mr Chew.

He assured shareholders that only 30 of the 390 student enrolled are affected by the new HEC ruling — a small number considering Raffles Education’s overall operations.— Raffles Design Institute (RBK), the Bangkok unit of Raffles Education Corporation, said it is working towards complying with regulations set out by Thai education authorities to operate as a university.