PPRuNe Forums - View Single Post - Roll up, roll up, for Bain and Jayne’s pea and thimble trick
Old 15th Apr 2023, 21:09
  #20 (permalink)  
Sunfish
 
Join Date: Aug 2004
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Bain doesn't do "Pump and Dump" it is worse than that.

Bargain hunters beware! Bain isn't going to run away and leave a ravished virgin to be picked up by bargain hunters and carted off to the hospital for a bit of emergency surgery, a new dress, bit of lippy, a new haircut and she'll be right as rain won't she???

Errr, no. Virgin after Bain is syphilitic but much more difficult to cure.

Bain is in the process of inserting itself into Virgin exactly like a parasite. There will be management and consulting contracts. Bain and its friends will also have service contracts. There will be lease agreements. These contracts will have many years to run. They will have exit penalties that effectively prevent a new owner from touching them. They will have automatic indexation. There will be renewal rights and massive termination payments. Not a day will go by without Virgin writing a cheque to a Bain entity for decades.

And of course Bain plans to maintain a shareholding. That is intended give them a Board seat to watch over the new Board to prevent disinfection efforts. And if Virgin still thrives what will Bain do with their shareholding? Why sell it to Virgins competitors of course.
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