Originally Posted by
TBM-Legend
Rumour on the legal street is that the Board and Scurrah are being lined up over the November bond raising for misleading and deceptive conduct over the financial representations they made to investors. The real situation of the accounts was not properly disclosed. Watch this space...
If this turns out to be true, then no wonder Virgin was not bailed out by the government, that would be condoning and rewarding bad behaviour. The only reason that it has been found out was because of COVID-19, they would have got away with it otherwise. However, if Virgin ended up completely bankrupt then why would the government bail out QANTAS when at that point they would effectively have no serious competition. It would make sense to me that the only viable option remaining option would be to help REX out a bit in order to prevent QANTAS from securing a monopoly rather than letting Virgin get away with misleading and deceptive conduct.