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VAH virgin australia holdings limited

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News: VAH Virgin Australia Administrators Say Do Not Expect Enough Recoveries To Fully Pay Creditors, page-15

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Tarvold

26,367 Posts.

1335

06/07/20

18:11

Post #: 45677592
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Originally posted by SydTrader1: ↑

So, one more time Retail shareholders have been wiped out completely.

I have a couple of questions for the Virgin Board, the Administrators, the Senior Management, the Bankers/Funders and and the Regulators.

1. How can a company that only made a profit twice in the past 10 years, be allowed to get into debt of $7 billion+?
2. What actions have been or will be taken to hold those responsible for this situation accountable?

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A company can going get into debt if people are willing to lend them money, the lenders are just as much to blame.

VAH Price at posting: 8.6¢ Sentiment: None Disclosure: Not Held
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News: VAH Virgin Australia Administrators Say Do Not Expect Enough Recoveries To Fully Pay Creditors, page-15

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