journalists should be asking the taboo questions- where was Chairman Elizabeth and her board whilst this folly unfolded under their leadership.
There were 2 parallel universes with this.
The first was the general commentary that Virgin had around $900 million in cash reserves.
The second is the reality that there was "only" $150 million available mid April which the board knew would only last weeks and not months.
So the journalists need to dig further to find out why there was such a difference in the "apparent" cash and why the reality was $ 150 million. Was the board complicit in hiding the true position to the ASX.