Well, I'm one of apparantly over 100 signed up with PAC.
I received a mail to say that, yes there are cash flow problems but, no the school is not dead.
The operation has been deemed viable by the accountants, and the focus is on addressing the cash flow situation.
All we can do is wait and see what that outcome is, but speculation and possible panic will do nobody any favours at this stage.
Let's hope for a happy landing on this one!