Going into administration is folding ; it is an admission that a business is insolvent
Very few businesses in Australia emerge from administration & continue trading < 5 % & likely closer to 1 or 2 %
How is it positive to be placed into administration ? , where you almost never emerge from
Why are you confident that this business which has lost $ 2B over the last 6 or 7 years will survive
Maybe you know something that not many other people seem to know ?
Anyone know what happened to the $1B in cash that wishful thinking employees seemed so keen to tell everyone about six weeks ago sort of
"we will be right because we have that in cash in the bank" , did they ever actually have it
Goodluck to the Virgin employees I hope you get your entitlements