Sorry, but I'm a little mystified on how this group of what type of creditors they are / want to be referred to as can just lodge an 11hr 59min bid??
I mean there was that Brookfield bid that seemed to be not looked at & knocked on the head so how has this team started singing all of a sudden, I understand their investment into Virgin now looks rather poor & I feel bad for what it's worth to see anyone lose money on an investment, but unfortunately that's part of the investing game.
Why couldn't they mount this bid much much earlier, how about when the apparent 20 or so groups did. We've heard this circa6.5c return for a long time now.
Either way I just don't see how they can be allowed to mount this bid so late.
And how do they expect to see the complete Bain bid, well if they did they just better it in the areas that will win the req'd amount of votes & they win, take Virgin.
If that was the case, could & if not why not Bain to see these bondholders final bid & then themselves up their bid a little. Just seems silly & cat n mouse to me, with such dire consequences, Bain could walk & Virgin stuck with who? bunch of angry folk who lost money, who knows if they anything abut running an airline.
Just my opinion.