20 buyers now circling Virgin Australia

[MickG0105]

Originally Posted by Boeingpilot738

... what’s the bondholders next move? Have they got one?

1. If they legitimately believe that their initial application had legs, lodge an urgent interlocutory appeal against Monday's ruling.
2. Make a new and separate application challenging the administrator's decision to sell the business to Bain.
3. Circulate their DOCA to the creditors ahead of the second creditors' meeting with a view to at least securing a request from creditors to the administrator for more information, potentially delaying a vote on the Bain DOCA.
4. Any two or all three of the above.