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10-26-2007, 07:13 AM
NOVA has now been granted court protection from creditors! The debts are estimated at 43.9 billion yen. All of NOVA's 900 or so schools will be shut down temporarily. Many of its 420,000 students fear that their tuition money may not be refunded.
On top of all that, NOVA president Mr. Nozomu Sahashi, who has been fired by the board of directors, is now missing.
NOVA grew too big too fast. Now it looks as though it were sinking even faster.
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