Correction AVCP. The figures on page one are correct until the following was established.
The figure is 470 people putting in £147. £47 of which go to Malgus for "expenses" and such. A course at BaE has been confirmed as £47k - hence a requirement for 470 people.
I find I am deeply in suspect that their bank would utter such comments. It will require a guarantee by their bank that all refunds will be met - nothing less. I'll guarantee though, that if there are no funds, or insufficient monies to effect refunds, the bank will NOT refund anything.
Make up your own minds. Getting matters 'clear' by e-mail is non-conclusive and a bad idea, and since PPRuNe likes to offer support for it's wannabes, it think it also likes to see it in the open.