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Search: Posts Made By: Rashid Bacon
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11th Aug 2020, 23:38
Replies: 839
Views: 274,017
Posted By Rashid Bacon

Legally it might be unenforceable, but will the...

Legally it might be unenforceable, but will the creditors go elsewhere on the day and does the bondholder proposal definitely guarantee a higher return ??
11th Aug 2020, 23:04
Replies: 1,133
Views: 607,658
Posted By Rashid Bacon

Let's not forget that while CASA may replace...

Let's not forget that while CASA may replace rotten apples, Glen deserves his day in court nevertheless and a financial judgement against the regulator would send a powerful message that the rules...
11th Aug 2020, 22:44
Replies: 839
Views: 274,017
Posted By Rashid Bacon

The bondholders are probably snookered because a...

The bondholders are probably snookered because a condition of Bain taking over Virgin was that "no competing proposal would go before creditors because Bain required certainty its bid would be...
8th Aug 2020, 22:21
Replies: 99
Views: 15,078
Posted By Rashid Bacon

Another one - Can an aircraft be flown into...

Another one - Can an aircraft be flown into Moorabbin for maintenance from a regional (stage 3 lockdown) Victorian airport ?? :confused:
19th Jul 2020, 09:15
Replies: 795
Views: 133,752
Posted By Rashid Bacon

As far as the protests go - were people seriously...

As far as the protests go - were people seriously going to take his advice and "not go". Clearly not.

Hotel guards - In other states there was much more supervision. Also ask Dan the man about the...
19th Jul 2020, 09:02
Replies: 795
Views: 133,752
Posted By Rashid Bacon

There's no playbook for pandemic's, but there...

There's no playbook for pandemic's, but there sure is culpability about ensuring guards at hotels do the job they are supposed to do. If he had managed that right (as they seem to have done in every...
19th Jul 2020, 06:58
Replies: 795
Views: 133,752
Posted By Rashid Bacon

Wuhan Dan, two standards Dan, Dan Danastan -...

Wuhan Dan, two standards Dan, Dan Danastan - whatever you call him, he has completely missed the boat. Telling everyone to accept responsibility while not publicly taking it himself. His stuff ups...
21st Jun 2020, 22:57
Replies: 839
Views: 274,017
Posted By Rashid Bacon

If I was a bond holder, I wouldn't be stumping up...

If I was a bond holder, I wouldn't be stumping up any more cash for a company that has proven itself unable to turn a profit in most of the recent years. And that's before COVID.

In any case, I...
19th Jun 2020, 20:58
Replies: 839
Views: 274,017
Posted By Rashid Bacon

The government can not block a commercial process...

The government can not block a commercial process where legal requirements have been followed.

They might not like the outcome, but there is a huge gap between “not liking” and being able to...
15th Jun 2020, 22:06
Replies: 1,287
Views: 479,764
Posted By Rashid Bacon

On Flightradar, VARA flights out of Perth this...

On Flightradar, VARA flights out of Perth this morning, including A320 VH-YUD, are operating
15th Jun 2020, 21:45
Replies: 839
Views: 274,017
Posted By Rashid Bacon

Yes - On reflection I have unfairly maligned...

Yes - On reflection I have unfairly maligned Nigerian Scammers :E
14th Jun 2020, 12:59
Replies: 839
Views: 274,017
Posted By Rashid Bacon

Nigerian Scammers - fair comparison.

Nigerian Scammers - fair comparison.
10th Jun 2020, 12:09
Replies: 1,133
Views: 607,658
Posted By Rashid Bacon

All of the above good wishes Glen

All of the above good wishes Glen
3rd Jun 2020, 12:42
Replies: 839
Views: 274,017
Posted By Rashid Bacon

The administrator will do what's best for the...

The administrator will do what's best for the creditors and $450 million v $6.8 billion in debt just won't work in a voting sense, so can't see how staff creditors can meaningfully affect an outcome...
27th May 2020, 20:24
Replies: 44
Views: 14,549
Posted By Rashid Bacon

Keeps coming back to the point where it has to go...

Keeps coming back to the point where it has to go into receivership and rise from the ashes after that. The huge problem in that scenario is the AOC is effectively lost and a new one will need to be...
25th May 2020, 03:55
Replies: 98
Views: 31,872
Posted By Rashid Bacon

One thing is for sure, those that Carla doesn't...

One thing is for sure, those that Carla doesn't fire, will walk anyway after seeing the way she operates. No one needs to put up with the way she deals with people. Arrogant and dismissive are 2...
14th May 2020, 21:53
Replies: 134
Views: 50,213
Posted By Rashid Bacon

https://www.fedcourt.gov.au/__data/a...on-1252020....

https://www.fedcourt.gov.au/__data/a...on-1252020.pdf (https://www.fedcourt.gov.au/__data/assets/pdf_file/0003/76251/Interlocutory-Application-1252020.pdf)

Can anyone who understands legal...
14th May 2020, 21:44
Replies: 42
Views: 17,382
Posted By Rashid Bacon

The 777s without large cargo doors are virtually...

The 777s without large cargo doors are virtually worthless - they have very little capital value.
9th May 2020, 23:44
Replies: 57
Views: 22,660
Posted By Rashid Bacon

BNEA320 - What he says :ok:

BNEA320 - What he says :ok:
28th Apr 2020, 01:10
Replies: 275
Views: 92,500
Posted By Rashid Bacon

Is there an argument for saying that no player...

Is there an argument for saying that no player will want to be involved in a Virgin replacement until the domestic market is back up and running - because that could be well into next year.
23rd Apr 2020, 23:15
Replies: 275
Views: 92,500
Posted By Rashid Bacon

That conference with the administrator ranks as...

That conference with the administrator ranks as very bizarre - The administrator should have been the lead commentator as the entity now responsible legally for Virgin, but that didn't happen.
...
23rd Apr 2020, 23:03
Replies: 62
Views: 35,644
Posted By Rashid Bacon

Might be useful to look at the definition of...

Might be useful to look at the definition of apartheid: - a policy or system of segregation or discrimination on grounds of race

Haven't we seen this all before, but the other way round.
...
23rd Apr 2020, 22:52
Replies: 275
Views: 92,500
Posted By Rashid Bacon

I wonder who initiated the voluntary...

I wonder who initiated the voluntary administration - Scurrah or the board ?? ie was the dog wagging the tail or vice versa.
17th Apr 2020, 21:58
Replies: 1,287
Views: 479,764
Posted By Rashid Bacon

Really ???? What planet are you on - It's...

Really ????

What planet are you on - It's fundamentally different with proposed new Chinese (government) investment.:ugh:

For a start, China Eastern is over 60% government owned.

The parent...
17th Apr 2020, 21:43
Replies: 1,287
Views: 479,764
Posted By Rashid Bacon

If this is true, yet another example of Chinese...

If this is true, yet another example of Chinese take-over by stealth. Time to stop this right now :mad:

Scurrah must be dreaming and clutching at straws, but hopefully, the FIRB will knock this...
Showing results 1 to 25 of 66
 


 
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