virgins rough landing, page-4

The Real VBA saga: 20c to 80c now back to 30c:

It might be the whole VBA share price journey (20c to 80c now back to 30c) is a setup by the company and hedge funds(Blackrock) and institutions to make huge profits. Just think of it:

Since last September, Institutes/Brokers (UBS, GSJBW, Citi etc..) have all been giving "Strong Buy", "Outperform" rating etc with a target price of 80-90c, based on projected profits of $140m. And the company has always come out giving profit upgrades every month until half year reports (in Feb 10), it reaches climax (where Brett G has said half year we already made $100m), and then come the news of New CEO, potential alliance with Delta, government contract and AirNZ etc. The price went up to 80C from 20c( remember the new share issue in August last year @ 20c). The Big guys made huge 300% profits and then time is close to year reporting now, so they getting out. To help them, VBA announced STAGGED profit downgarde, once every month to come close to the real number.

Just think of it, the whole thing is based on "Profit Forecast", no one has see any real financial reporting in the whole process, and beauty of it is it's not required. Since it's within the financial reporting year.

Ultimately the legal questions here is: Is a company allowed to give a profit forecast number of whatever number they like with no fiduciary or duty of care to investors??