Originally Posted by
The Banjo
It is all code for, "we are facing problems polishing the turd" before we as a private equity company refloat Virgin on the ASX as the second coming of the Messiah and walk away with the profits...
With all the Covid delays in getting anything like a "normal" operation running and all the extra $$ they've had to shell out the road to flogging it off and making a profit just keeps getting longer and longer, a profit less and less likely.
Have to wonder whether Bain are starting to consider losing the least amount of cash rather than remaining in this groundhog day of instability and how that could change their application of lipstick to the pig.