virginafr: group swoops in for a bigger stake, page-3

The present situation IMHO is all about power struggle between Corrigan and Branson.

The VBA intrinsic value should be much less than $1.90, which should prevail once the struggle finished.

Branson never has a real intention to takeover VBA, but he is so painful to see Corrigan getting the control that he has pushed the VBA price above $1.90 to make PRK's bid fail.

At 7pm tomorrow (or the day after?) the PRK’s takeover bid will expire. No one would walk away from the fighting, but an easy way for PRK to “win” IMHO is to change the takeover bid from a full takeover to a partial one for only 5% of the issued shares. In that case, VBA price would collapse.