Thats really a sad news. But its so weird because usually they dont really refuse applications for profit and loss when u apply through Transition stream. They check traning benchmark, ur salay and company tax lodgement papers. From my experience if u apply DE they look for wether the company can afford u for next 2 years. Just wondering on the refusal latter did they say company can not afford u bcoz its showing loss?? Any other reason they mentioned for refusal?