Ok, the Administrator picks a successful bidder based on the best overall result for ALL the creditors. Then there is the DOCA vote. IF there is a majority by both creditor numbers AND by creditor debt, the DOCA goes forward. IF there is a majority of one but not the other, then the Administrator has the casting vote. IF the DOCA proposal is voted down the Administrator can try to resurrect another DOCA but the most likely outcome then in this case is Liquidation given the cashflow situation, as this would drag on well past August. I think from about then the Administrator becomes liable for Virgin’s operating losses, so unless there is liquidity from somewhere they would have to liquidate.