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Branson's running out of cash by the looks of it.
Archived Message
Posted by Mary
on May 11, 2020, 4:59 pm
'Branson, the founder of Virgin Group, is looking to sell up to 25 million shares of Virgin Galactic, worth roughly $504.5 million.
The shares account for nearly 22% of Branson's total Virgin Galactic stake, which was worth about $2.32 billion at the end of last week.'
Virgin Galactic Stock Sinks As Richard Branson Seeks To Raise Cash
https://www.investors.com/news/virgin-galactic-stock-richard-branson-sells-big-stake/
I don't think he will find a ready buyer in the current climate.
Message Thread:
Branson's running out of cash by the looks of it.
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Mary
May 11, 2020, 4:59 pm
Whip round? nm
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marknadim
May 11, 2020, 6:47 pm
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