Government will step in, but that doesn't mean shareholders...

Government will step in, but that doesn't mean shareholders won't still lose everything.A bailout is not free money for the debt to magically go away. It'll be nationalised in a debt to equity conversion where existing holders are wiped out.Because the government is not concerned about the wellbeing of shareholders, just that the company remains functional and centres continue to operate.Measures like the CCS and the wage subsidy are designed to support Australian families. If unemployment spikes though, occupancy will fall regardless of the CCS because parents who don't have a job aren't going to send their kids to childcare.