@pilotbear - Hindsight is a wonderful thing I know. However the perils of paying up front have long been discussed on here and PTC's reputation and history on here could have been described as chequered. Knowing this, people still plunged massive sums of money. I know it's awful for the students, but I can't help but think about the stupidity of it. In particular those who signed on the dotted line after Cabair went bust.
What I will agree with is €10m black hole is massive and i think needs a full investigation.