Originally Posted by
Sunfish
Mick, look up the definitions of being “liquid” (having cash) and being solvent. Virgin may not be solvent, but it is currently liquid.
I understand the difference between liquidity versus solvency. Until you know what their current cash balance is you really can't comment on the former.
I want to know if their 13 March 2020 ASX filing that '
The group currently has a cash position in excess of $1 billion ...' was correct. Either they have torched cash at the rate of more than $25 million a day whilst hibernating the business or they had less than $1 billion on 13 March. If it's the latter then PS has an additional problem.