Just goes to show pilots are stupid. Too many wannabees obsessed with OAT and the like, with their glossy brochures and constant name-dropping of airlines.
You can't get bitter at what the market does to you - move on and make your opportunities.
If the market wants a total 0-licence course then that is what the business has to provide.
I find it interesting that there are not enough students, and what that can bode for the industry is an interesting change from the past it would seem - perhaps correcting for oversupply of 200hr fATPLs in the past?