LINC, you need to cut down your S&G expenses to become inline with smaller operation. I am optimistic that you are making the right decision overall given the circumstances. I would also think it might be a good idea to merge with a competitor which offers similar programs. This should give economy f scale and reduce the operating expenses per student.
Web, good to hear from you again. I agree with your thoughts. The closest competitor is UTI. That might happen in the future. I hope the next news we get is an increase in enrollment and that their cost has been reduced and maintained. That would be good, but in the end, it is the increase in revenue that matters most, since it will confirm the growth of this industry/sector.