20 buyers now circling Virgin Australia

[MickG0105]

Originally Posted by Section28- BE

Deloitte: 25/08/2020- Report to Creditors (link here): https://www2.deloitte.com/content/da...ors-250820.pdf

rgds
S28- BE

Thanks for posting that.

One thing that we know for sure and certain now is that Paul Scurrah most assuredly misled the market when he claimed on 13 March that

The Group currently has a cash position in excess of $1 billion.

As illustrated on page 67 (Table 22) and page 68 (Figure 14) the Group's cash position has not been in excess of $1 billion since October 2019. When Scurrah was claiming that it was in excess of $1 billion it was in fact somewhere between $838.0 million and $796.1 million.

It will be interesting to see if either ASIC or the ASX elect to act on this.