Virgin Australia UpgradeMe pricing and success

I have a couple of Economy X vouchers I was hoping to redeem, however I also have an UpgradeMe bid submitted for the same reservation. I was told on the phone that if the Economy X voucher is redeemed, and then the UpgradeMe bid is accepted, then the Economy X voucher is forfeited. Seems counter intuitive given that Economy X cash fees are refunded in the same scenario. Anyone have any experience with this, and if this is correct? Thanks in advance!
 
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