Originally Posted by
manxregional monkey
The Virgin/Stobart/Cyrus consortium has so far pumped in £20m working capital loan and a further view to invest £80m - it was reported before the takeover.
Something happened recently that spooked the investors and was going to stop the £80m investment which seemingly now will be forthcoming following government reassurances.
Show me that they didn't take that 20 Million out again once the Credit Card Companies released payments. I've seen the reports that the Credit Card companies released payments and at that time they would probably have taken their money back. The Credit Card Companies have started holding payments again.
All we know that they definitely paid is the 2.8 MIllion or so to pay 1p per share and admin costs associated with wresting control of the company away from the former shareholders.