Empty Virgin
Empty Virgin
![]() |
| Empty HP CE505A HP 05A Virgin toner cores 8 | |
![]() |
$15.95 Time Remaining: 45m Buy It Now for only: $19.95 Buy It Now | Bid now |
| 120 Empty HP 94 C8765WN Virgin Ink Cartridge Visually Inspected Refillable | |
![]() |
$100.00 Time Remaining: 2h 41m Buy It Now for only: $100.00 Buy It Now |
| 6 EMPTY USED HP Q7553X 53X TONER CARTRIDGES LJP2015 VIRGIN FREE SHIPPING | |
![]() |
$66.00 Time Remaining: 3h 52m Buy It Now for only: $66.00 Buy It Now |
| Lot of 30 Empty Virgin HP C9720A C9721A C9722A C9723A Toner Cartridges 4600 4650 | |
![]() |
$99.00 Time Remaining: 3h 55m Buy It Now for only: $99.00 Buy It Now |
| Lot of 19 Empty Virgin HP C9730A C9731A C9732A C9733A Toner Cartridges 5500 5550 | |
![]() |
$95.00 Time Remaining: 4h 1m Buy It Now for only: $95.00 Buy It Now |
| Lot of 5 Empty Virgin HP Q6470A Q6471A Q6472A Q6473A Toner Cartridges 3600 3800 | |
![]() |
$25.00 Time Remaining: 4h 7m Buy It Now for only: $25.00 Buy It Now |
| Lot of 35 Empty Virgin HP 74 Black Ink Cartridges CB335WN Deskjet D4260 80 4360 | |
![]() |
$25.50 Time Remaining: 5h 39m Buy It Now for only: $25.50 Buy It Now |
| Lot of 24 Empty Virgin HP 96 Ink Cartridges C8767WN DeskJet OfficeJet Photosmart | |
![]() |
$20.50 Time Remaining: 6h 18m Buy It Now for only: $20.50 Buy It Now |
| Lot of 35 Empty Virgin HP 98 Ink Cartridges C9364WN DeskJet OfficeJet Photosmart | |
![]() |
$25.50 Time Remaining: 6h 24m Buy It Now for only: $25.50 Buy It Now |
| 450 CANON BCI 3e BK OEM VIRGIN Empty Ink Tank Cartridges | |
![]() |
$54.99 Time Remaining: 7h 40m |
| 600 CANON BCI 24 Color OEM VIRGIN Empty Ink Tank Cartridges | |
![]() |
$89.99 Time Remaining: 7h 48m |
| EMPTY Ink Cartridges HP BLACK 27 VIRGIN Never Refilled LOT of 6 | |
![]() |
$6.00 Time Remaining: 8h 16m Buy It Now for only: $18.00 Buy It Now | Bid now |
| 15 Virgin Empty Genuine Lexmark E120 Laser Cartridges | |
![]() |
$90.00 Time Remaining: 9h 7m Buy It Now for only: $90.00 Buy It Now |
| 20 Empty Virgin HP 02 Ink Cartridges Recycle at Staples or Office Depot | |
![]() |
$11.95 Time Remaining: 9h 59m Buy It Now for only: $13.25 Buy It Now | Bid now |
| 20 HP OEM 02 Mixed Colors Virgin Empty Ink Cartridges for STAPLES OFFICE DEPOT | |
![]() |
$0.99 Time Remaining: 11h 41m |
| 4 OEM VIRGIN HP CE505A EMPTY TONERS FOR RECYCLING IN ORG BXS WILL CONSIDER OFFER | |
![]() |
$13.00 Time Remaining: 11h 57m Buy It Now for only: $13.00 Buy It Now |
| Lot 41 Empty Virgin OEM HP Inkjets 41 23 78 78XL 15 45 51641A C1823D C6578D | |
![]() |
$123.45 Time Remaining: 12h 4m |
| LOT OF 7 HP VIRGIN EMPTY PRINT CARTRIDGES 28 95 94 74 75 27 27 NEVER REFILLED | |
![]() |
$10.00 Time Remaining: 12h 15m Buy It Now for only: $10.00 Buy It Now |
| 10 Empty Virgin Canon PG 210XL CL 211XL Ink Cartridges + New PG 30 | |
![]() |
$9.72 Time Remaining: 12h 19m |
| 8 Empty Blank Virgin HP Ink Cartridge COLOR BLACK 2874759395 | |
![]() |
$9.99 Time Remaining: 13h 3m |
| AVE Empty Bottle Olive Oil Extra Virgin Labels 2 Sides Intact Glass Imperfection | |
![]() |
$19.99 Time Remaining: 13h 13m |
| Lot of 3 Empty Virgin Okidata C6100 C5550 Oki Toner Cartridges | |
![]() |
$15.00 Time Remaining: 13h 50m Buy It Now for only: $15.00 Buy It Now |
| 100 HP OEM 02 Mixed Colors Virgin Empty Ink Cartridges for STAPLES OFFICE DEPOT | |
![]() |
$15.00 Time Remaining: 13h 58m |
| 50 HP OEM 02 Mixed Colors Virgin Empty Ink Cartridges for STAPLES OFFICE DEPOT | |
![]() |
$0.99 Time Remaining: 14h |
| 40 HP OEM 02 Mixed Colors Virgin Empty Ink Cartridges for STAPLES OFFICE DEPOT | |
![]() |
$0.99 Time Remaining: 14h |
| 3 EMPTY HP 60 XL TRI COLOR INK CARTRIDGES GENUINE LOT NEVER REFILLED VIRGIN | |
![]() |
$4.05 (4 Bids) Time Remaining: 14h 15m |
| Lot of 5 Empty Virgin HP 78A CE278A and 85A CE285A Toner Cartridges | |
![]() |
$26.00 (1 Bid) Time Remaining: 15h 18m |
| 600 Empty Canon 5 8 10 OEM Virgin Ink Cartridge Refill at Office Depot Staples | |
![]() |
$110.00 Time Remaining: 17h 40m Buy It Now for only: $110.00 Buy It Now |
| 512 Empty Canon 3 10 15 OEM Virgin Ink Cartridge Refill Office Max Depot Staples | |
![]() |
$82.00 Time Remaining: 17h 42m Buy It Now for only: $82.00 Buy It Now |
| 215 Empty Ink Cartridges HP 14 OEM Virgin Black Colors Refill at OfficeMax | |
![]() |
$55.00 Time Remaining: 17h 43m Buy It Now for only: $55.00 Buy It Now |
| EMPTY USED LEXMARK 64015SA TONER CARTRIDGE T640 T642 T644 VIRGIN | |
![]() |
$30.00 Time Remaining: 1d 1h 10m Buy It Now for only: $30.00 Buy It Now |
| 50 Empty HP 60 60XL Genuine OEM Virgin Cartridges | |
![]() |
$51.00 (2 Bids) Time Remaining: 1d 1h 40m |
| Lot Of 350 HP 02 Empty Virgin Inkjet Cartridges for Coupons | |
![]() |
$59.99 Time Remaining: 1d 2h 13m Buy It Now for only: $59.99 Buy It Now |
| Dell Empty Virgin Toner 5210N 5310N Lexmark T640 PD974 | |
![]() |
$50.00 Time Remaining: 1d 5h 10m Buy It Now for only: $50.00 Buy It Now |
| Lot of 6 EMPTY HP CE285A Virgin Cartridges | |
![]() |
$30.00 Time Remaining: 1d 6h 24m |
| Lot of 1200 EMPTY HP 02 Ink Cartridges VIRGIN REWARD OFFICE DEPOT STAPLES CLEAN | |
![]() |
$199.99 Time Remaining: 1d 7h 15m Buy It Now for only: $199.99 Buy It Now |
| Lot of 400 HP02 Empty Virgin Inkjet Cartridges ENDUSER COLLECTED | |
![]() |
$139.00 Time Remaining: 1d 7h 39m Buy It Now for only: $155.00 Buy It Now | Bid now |
| 100 HP C6615A 51645A Black Empty Virgin Ink Cartridges ENDUSER COLLECTIONS | |
![]() |
$225.00 Time Remaining: 1d 7h 39m Buy It Now for only: $249.00 Buy It Now | Bid now |
| 200 Empty Canon OEM Virgin Ink Cartridge Refill at Office Depot Staples and Save | |
![]() |
$45.00 Time Remaining: 1d 7h 47m Buy It Now for only: $45.00 Buy It Now |
| 238 HP 78 Color NON VIRGIN Empty Ink Cartridges | |
![]() |
$238.00 Time Remaining: 1d 8h 39m |
| Lot of 288 EPSON VIRGIN 9 PIN THIN BODY Empty Ink Tank Cartridges | |
![]() |
$58.00 (1 Bid) Time Remaining: 1d 9h 16m |
| 8 Empty NON VIRGIN HP 64A 64A CC364A HP Model P4014 4015 TRUSTED SOURCE | |
![]() |
$22.95 Time Remaining: 1d 9h 27m Buy It Now for only: $22.95 Buy It Now |
| 250 Empty Ink Cartridge Canon 5 8 Colors and Black OEM Virgin | |
![]() |
$125.00 Time Remaining: 1d 11h 45m Buy It Now for only: $125.00 Buy It Now |
| 250 Empty Ink Cartridge Canon 220 221 Colors and Black OEM Virgin | |
![]() |
$125.00 Time Remaining: 1d 11h 50m Buy It Now for only: $125.00 Buy It Now |
| Lot 90 Empty Virgin OEM Sharp Primera Inkjets UXC80B UXC70B F0 C60B | |
![]() |
$56.55 Time Remaining: 1d 12h 1m |
| Lot of 505 EMPTY CANON CLI 221 PG 220 Ink Cartridges VIRGIN | |
![]() |
$80.00 Time Remaining: 1d 12h 19m Buy It Now for only: $80.00 Buy It Now |
| Lot of 505 EMPTY CANON CLI 8 PGI 5 Ink Cartridges VIRGIN | |
![]() |
$80.00 Time Remaining: 1d 12h 20m Buy It Now for only: $80.00 Buy It Now |
| 200 Empty HP 74 92 94 96 98 Virgin Ink Cartridge Refill at OfficeMax OfficeDepot | |
![]() |
$100.00 Time Remaining: 1d 12h 41m Buy It Now for only: $100.00 Buy It Now |
| Lot of 305 EMPTY CANON CLI 8 PGI 5 MIXED Ink Cartridges VIRGIN REWARD | |
![]() |
$58.00 Time Remaining: 1d 12h 58m Buy It Now for only: $58.00 Buy It Now |
| Lot of 305 EMPTY CANON CLI 221 PGI 220 MIXED Ink Cartridges VIRGIN REWARD | |
![]() |
$58.00 Time Remaining: 1d 12h 59m Buy It Now for only: $58.00 Buy It Now |
| 12 Virgin Empty Genuine HP 05A Laser Cartridges CE505A | |
![]() |
$55.00 Time Remaining: 1d 13h 21m Buy It Now for only: $55.00 Buy It Now |
| 23 HP Empty toner Cartridge 12A Q2612a VIRGIN EMPTY USED TONER CARTRIDGES | |
![]() |
$25.49 Time Remaining: 1d 13h 28m |
| 24 HP Empty toner Cartridge 36A CB436Aa VIRGIN EMPTY USED TONER CARTRIDGES | |
![]() |
$25.49 Time Remaining: 1d 13h 31m |
| 50 Virgin Empty Genuine Lexmark 50 Inkjet Cartridges | |
![]() |
$95.00 Time Remaining: 1d 14h 54m Buy It Now for only: $95.00 Buy It Now |
| 3 HP Hewlett Packard 92A C4092A EMPTY Printer Toner Cartridges 1 Virgin Refill | |
![]() |
$9.98 Time Remaining: 1d 15h 36m Buy It Now for only: $9.98 Buy It Now |
| hp 42X Q5942 EMPTY LASER PRINTER CARTRIDGE EMPTY VIRGIN CARTRIDGE | |
![]() |
$9.99 Time Remaining: 1d 16h 13m |
| 10 EMPTY VIRGIN CANON 40 41 INK CARTRIDGES | |
![]() |
$20.00 Time Remaining: 1d 16h 32m Buy It Now for only: $20.00 Buy It Now |
| 552 Virgin Empty Dell M4640 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$276.00 Time Remaining: 1d 18h 53m Buy It Now for only: $276.00 Buy It Now |
| 552 Virgin Empty Dell M4646 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$276.00 Time Remaining: 1d 18h 53m Buy It Now for only: $276.00 Buy It Now |
| 552 Virgin Empty Dell JF 333 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$276.00 Time Remaining: 1d 18h 53m Buy It Now for only: $276.00 Buy It Now |
| 552 Virgin Empty Dell MK990 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$276.00 Time Remaining: 1d 18h 53m Buy It Now for only: $276.00 Buy It Now |
| 552 Virgin Empty Dell MK991 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$276.00 Time Remaining: 1d 18h 54m Buy It Now for only: $276.00 Buy It Now |
| 552 Virgin Empty Dell MK992 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$276.00 Time Remaining: 1d 18h 54m Buy It Now for only: $276.00 Buy It Now |
| 528 Virgin Empty Dell JP451 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$264.00 Time Remaining: 1d 18h 54m Buy It Now for only: $264.00 Buy It Now |
| 480 Virgin Empty Dell 7Y745 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$480.00 Time Remaining: 1d 18h 54m Buy It Now for only: $480.00 Buy It Now |
| 528 Virgin Empty Dell CH883 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$264.00 Time Remaining: 1d 18h 54m Buy It Now for only: $264.00 Buy It Now |
| 552 Virgin Empty Dell MK993 ink Cartridges Visually Inspected Bad Circuits | |
![]() |
$276.00 Time Remaining: 1d 18h 54m Buy It Now for only: $276.00 Buy It Now |
| Lot of 10 HP CC530A Black Virgin Empty Laser Cartridges | |
![]() |
$80.00 Time Remaining: 2d 55m Buy It Now for only: $80.00 Buy It Now |
| 6 Empty Virgin HP 64A CC364A | |
![]() |
$95.00 Time Remaining: 2d 1h 28m |
| 7 Empty Virgin HP 64A CC364A | |
![]() |
$105.00 Time Remaining: 2d 1h 39m |
| Lot of 70 Empty HP 20 Black NON VIRGIN Ink Cartridges C6614A | |
![]() |
$55.00 Time Remaining: 2d 3h 29m Buy It Now for only: $55.00 Buy It Now |
| Lot of 50 Empty Virgin HP 56 Black Ink Cartridges HP C6656A | |
![]() |
$77.80 Time Remaining: 2d 4h 9m Buy It Now for only: $77.80 Buy It Now |
| 1200 Brother LC 41 LC41 OEM VIRGIN Empty Ink Tanks Cartridges | |
![]() |
$229.99 Time Remaining: 2d 4h 19m Buy It Now for only: $229.99 Buy It Now |
| 10 Virgin Condition Canon FX 7 7621A001AA Empty | |
![]() |
$49.99 Time Remaining: 2d 4h 21m Buy It Now for only: $49.99 Buy It Now |
| 3 Empty Virgin Brother TN 110 Toner Cartridges | |
![]() |
$6.00 Time Remaining: 2d 4h 26m |
| Lot of 53 Empty HP 27 Black Virgin Ink Cartridges C8727AN | |
![]() |
$68.07 Time Remaining: 2d 4h 53m Buy It Now for only: $68.07 Buy It Now |
| Lot of 11 Empty HP 21 22 Black Color Virgin Ink Cartridges | |
![]() |
$25.28 Time Remaining: 2d 5h 24m Buy It Now for only: $25.28 Buy It Now |
| Lot of 40 HP number 27 and 28 ink cartridges clean OEM virgin used empty | |
![]() |
$84.99 Time Remaining: 2d 6h 15m Buy It Now for only: $84.99 Buy It Now |
| Lot of 59 HP number 92 and 93 ink cartridges clean OEM virgin used empty | |
![]() |
$98.99 Time Remaining: 2d 6h 15m Buy It Now for only: $98.99 Buy It Now |
| Lot of 31 HP number 75 and 75XL ink cartridges clean OEM virgin used empty | |
![]() |
$69.99 Time Remaining: 2d 6h 15m Buy It Now for only: $69.99 Buy It Now |
| Lot of 83 HP number 94 95 and 98 ink cartridges clean OEM virgin used empty | |
![]() |
$170.99 Time Remaining: 2d 6h 15m Buy It Now for only: $170.99 Buy It Now |
| 30 Virgin Empty HP 15A Empty Laser Cartridges not 15X C7115A | |
![]() |
$60.00 Time Remaining: 2d 6h 42m Buy It Now for only: $60.00 Buy It Now |
| 30 Virgin Empty HP 13A Empty Laser Cartridges not 13X Q2613A | |
![]() |
$60.00 Time Remaining: 2d 6h 43m Buy It Now for only: $60.00 Buy It Now |
| LOT Of 16 Empty Virgin Catridges | |
![]() |
$1.99 Time Remaining: 2d 6h 52m |
| HP EMPTY PRINTER INK CARTRIDGES LOT for REFILL VIRGIN 901 XL BLACK COLOR 74 | |
![]() |
$12.98 Time Remaining: 2d 6h 52m Buy It Now for only: $14.98 Buy It Now | Bid now |
| Lot of 100 HP number 96 97 and 99 ink cartridges clean OEM virgin used empty | |
![]() |
$179.99 Time Remaining: 2d 7h Buy It Now for only: $179.99 Buy It Now |
| EMPTY BROTHER TN 330 TONER CARTRIDGE COPIER INK REFILL VIRGIN TN330 FOR PARTS | |
![]() |
$4.98 Time Remaining: 2d 7h 1m Buy It Now for only: $6.98 Buy It Now | Bid now |
| Lot 52 Empty Virgin OEM HP Inkjets 60 60XL ink CC640WN CC641WN CC643WN CC644WN | |
![]() |
$175.05 Time Remaining: 2d 7h 12m Buy It Now for only: $175.05 Buy It Now |
| Lot of 50 Empty Virgin Lexmark 27 Color Cartridges | |
![]() |
$100.00 Time Remaining: 2d 7h 18m Buy It Now for only: $100.00 Buy It Now |
| Lot Of 31 Genuine HP Empty Virgin Ink Cartridges 23 C1823D Huge Cartridges | |
![]() |
$49.99 Time Remaining: 2d 8h 37m Buy It Now for only: $49.99 Buy It Now |
| Lot of 50 Empty Canon CL 31 CL31 Color NON VIRGIN Ink Cartridges | |
![]() |
$45.00 Time Remaining: 2d 8h 46m Buy It Now for only: $45.00 Buy It Now |
| 300 HP 14 5011 C5011D OEM VIRGIN Empty Ink Tank Cartridges | |
![]() |
$59.99 Time Remaining: 2d 9h 7m |
| 700 CANON BCI 24 BLACK OEM VIRGIN Empty Ink Tank Cartridges | |
![]() |
$99.99 Time Remaining: 2d 9h 13m |
| Lots 60 Empty Virgin OEM Lexmark 70 Black Ink 12A1970 to 3200 5700 7000 | |
![]() |
$54.45 Time Remaining: 2d 9h 15m Buy It Now for only: $54.45 Buy It Now |
| 8 Virgin Empty HP 51X Empty Laser Cartridges Q7551X | |
![]() |
$100.00 Time Remaining: 2d 9h 15m Buy It Now for only: $100.00 Buy It Now |
| 700 CANON BCI 3 BCI 6 Cyan OEM VIRGIN Empty Ink Tank Cartridges | |
![]() |
$89.99 Time Remaining: 2d 9h 15m |
Where do trains store their water for use in the bathrooms?
Another strange conversation - Do the big virgin trains store their water in tanks in each carriage, or is it a central storage somewhere? Also, when they empty their waste, where does it go? On the track or in a storage tank? Any help?
Each coach has both Water and Waste Tanks for each toilet.
Every train built since the class 159s (1992) has waste storage tanks, older trains (ie not Virgin's) still dump on the track.
Northern Rock - Shareholders Are Not Seduced By Virgin
The future of Northern Rock, the beleaguered UK bank still remains uncertain after the deadline of 4 February 2008 for bids from interested parties.
The UK government is seeking to convert the estimated GBP25 billion of loans into bonds which will be sold in the open market. In order to make these bonds attractive, the government will guarantee them.
It has now emerged that in addition to requiring a fee for the guarantee, which could be as much as GBP400 million, the UK government is insisting that the guarantee is limited to 3 years. This means that the bonds will only have a 3 year life, and at the end of that time they will need to be replaced by alternative funding.
In practice, Northern Rock will have to seriously downsize, if not decimate, its mortgage portfolio. It can only achieve this target by actively encouraging mortgage holders to migrate to other bank and building society lenders.
Due to the severity of this requirement by the government, one of the bidders, Olivant, has pulled out.
This leaves 2 proposals on the table for Northern Rock.
The offer from Sir Richard Branson, of the Virgin group, is considered to be the front runner. Virgin's offer is complex and involves merging Northern Rock into Virgin Money.
Northern Rock currently has 420 million shares in issue. Existing shareholders will be asked to subscribe to a rights issue and purchase 6 new shares at 25 pence for each share they currently hold. This equates to GBP1.50 x GBP420 million which equals GBP630 million of new money.
Total shares held by existing shareholders will then be 420 million times 6, which equals 2,520 million, plus the original 420 million, which equals 2,940 million shares.
Virgin proposes that there will be 6,600 million shares. The current shareholders will hold 2,940 million while Virgin will hold 3,660 million. This means that the existing shareholders will see a dilution of their combined stake to 45%, while Virgin holds a majority 55%.
Virgin will purchase 2,600 milllion shares at GBP25 pence which equals GBP650 million. In addition, they will receive a further 1,000 million shares as Virgin Money will be merged with Northern Rock. This values Virgin Money at GBP250 million and most commentators consider this a highly inflated figure.
What this means is that Virgin is acquiring Northern Rock for a cash payment of GBP650 million. When one considers that Northern Rock has some GBP100 billion of assets, is one of the top 5 UK mortgage lenders with a market share of 20 percent, this seems a most attractive deal for Sir Richard Branson.
Many consider the Virgin bid to be favoured by the UK government. Indeed Sir Richard just happened to be with the Prime Minister as part of a UK trade delegation to China in January 2008, and he has a longstanding relationship with the Labour Party which was nurtured during the Blair years.
The Virgin group is a private entity and not listed on any stock market. As such its financial structure is opaque. Sir Richard is a persistent self publicist, and a shrewd and ruthless operator. He does have an informal, beach bum appearance. Unlike most beach bums from the Caribbean, Sir Richard owns his own private island of Necker. Concerns have also been expressed at his non UK status for tax purposes and the likelihood that very little tax will be returned to the exchequer if and when Virgin sell the revamped bank in several years time.
In fact Mr Vince Cable, a Liberal Democrat MP, has made reference to Branson's past unlawful behaviour in that he allegedly evaded purchase tax in 1971 and agreed to pay penalties in order to avoid a criminal prosecution.
From the viewpoint of shareholders, the Virgin offer is unattractive. Many shareholders bought their shares 1 year ago when they were priced at GBP12. Due to the adverse publicity, the shares are currently just under GBP1.
Many shareholders are incensed that Branson will be purchasing shares at just 25 pence. Even in the current and extraordinary market conditions, the shares are quoted at around 4 times this figure. The Virgin proposal also expects shareholders to subscribe to a rights issue based on a purchase of a further 6 share at 25 pence for each existing share held. This would raise GBP630 million.
The new money provided by existing shareholders is only slightly less than the GBP650 million which will be injected by Virgin. However, Virgin acquires a 55% controlling stake in the company.
Although the UK government have provided major funds for Northern Rock, it should be remembered that from a legal standpoint, the company is owned by the shareholders, and not the government. The shareholders have already flexed their muscles at the Extraordinary General Meeting of 15 January 2008 at which a resolution was passed to limit the authority of the Directors to issue shares. Clearly, any rescue plan for Northern Rock would need the approval of existing shareholders. At present, there appears very little chance of the shareholders handing over the company to Sir Richard Branson.
The response to this exercise of shareholder power by the UK government is lamentable. They issue repeated threats to nationalise the bank if shareholders are uncooperative. These threats are empty gestures as the spectre of nationalisation haunts New Labour, and the record of public ownership in the UK is, as elsewhere, unimpressive. Talk of temporary nationalisation, as a way of cheating shareholders of their rights, demonstrates the cynical disregard of the government for UK company law. This is a measure which would certainly meet with a legal challenge from shareholders.
The alternative proposal is an internal rescue plan. Some GBP500 million of new funds would be raised from a rights issue. This is feasible as existing shareholders are far more likely to subscribe additional funds to this proposal which effectively safeguards their interests rather than give funds to a company which is being handed to Sir Richard Branson.
On 10 February 2008, several banks have offered to securities around one half of the loans provided by the government to Northern Rock. This means that the UK government would need to guarantee some GBP13 billion of bond issues as opposed to GBP25 billion. On balance, this move will weaken the Virgin bid.
About the Author
Leslie Hardy is a noted writer on North Cyprus Property
and the UK Chairman of Wellington Estates Ltd. Read more on Northern Rock
Stone Temple Pilots Big Bang Baby and Big Empty Virgin Festival Maryland 2008

































































































